Shonghoya Intl Correlations

SNHO Stock

USD 0.46 0.00 0.00%

The current 90-days correlation between Shonghoya Intl Group and Life Electric Vehicles is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shonghoya Intl moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shonghoya Intl Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Shonghoya Intl Correlation With Market

Average diversification

The correlation between Shonghoya Intl Group and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shonghoya Intl Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Shonghoya Intl could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shonghoya Intl when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Shonghoya Intl - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Shonghoya Intl Group to buy it.

Moving together with Shonghoya Pink Sheet

0.78

Moving against Shonghoya Pink Sheet

0.62	AMZN	Amazon Inc	Pair Corr
0.55	STAG	STAG Industrial	Pair Corr
0.46	68233JBP8	US68233JBP84	Pair Corr
0.44	AKAM	Akamai Technologies	Pair Corr
0.43	AAPL	Apple Inc	Pair Corr
0.42	REGN	Regeneron Pharmaceuticals	Pair Corr
0.42	CYPS	Cyclo3pss	Pair Corr
0.39	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.32	PHAR	Pharming Group NV	Pair Corr
0.69	CHACR	Crane Harbor Acquisition	Pair Corr
0.66	EFTR	Effector Therapeutics	Pair Corr
0.53	SMGKF	Smiths Group plc	Pair Corr
0.45	DNLMY	Dunelm Group PLC	Pair Corr
0.41	RLMD	Relmada Therapeutics	Pair Corr
0.37	ADC	Agree Realty	Pair Corr
0.33	KYOCF	Kyocera	Pair Corr

Related Correlations Analysis

	LFEV	LNBY	BWMG	MAYX	GKIT	BANI	GHST	AFFL	NROM	CDTI
LFEV		0.71	-0.44	0.43	-0.47	0.0	0.3	0.55	-0.49	0.66	LFEV
LNBY	0.71		-0.09	0.52	0.07	0.0	0.36	0.55	-0.35	0.7	LNBY
BWMG	-0.44	-0.09		-0.05	0.52	0.0	0.07	-0.24	0.0	-0.27	BWMG
MAYX	0.43	0.52	-0.05		0.09	0.0	0.2	0.31	-0.21	0.33	MAYX
GKIT	-0.47	0.07	0.52	0.09		0.0	0.15	0.03	-0.15	-0.02	GKIT
BANI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	BANI
GHST	0.3	0.36	0.07	0.2	0.15	0.0		0.34	-0.22	0.28	GHST
AFFL	0.55	0.55	-0.24	0.31	0.03	0.0	0.34		-0.52	0.57	AFFL
NROM	-0.49	-0.35	0.0	-0.21	-0.15	0.0	-0.22	-0.52		-0.54	NROM
CDTI	0.66	0.7	-0.27	0.33	-0.02	0.0	0.28	0.57	-0.54		CDTI
	LFEV	LNBY	BWMG	MAYX	GKIT	BANI	GHST	AFFL	NROM	CDTI

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LNBY	+ 0.71	LFEV
CDTI	+ 0.7	LNBY
CDTI	+ 0.66	LFEV
CDTI	+ 0.57	AFFL
AFFL	+ 0.55	LFEV
AFFL	+ 0.55	LNBY

High negative correlations

CDTI	- 0.54	NROM
NROM	- 0.52	AFFL
NROM	- 0.49	LFEV
GKIT	- 0.47	LFEV
BWMG	- 0.44	LFEV
NROM	- 0.35	LNBY

Risk-Adjusted Indicators

There is a big difference between Shonghoya Pink Sheet performing well and Shonghoya Intl Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Shonghoya Intl's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LFEV	2.36	(0.25)	0.00	0.34	0.00	0.00	0.00	(4.11)	76.98
LNBY	5.05	(2.01)	0.00	(12.96)	0.00	0.00	0.00	(14.29)	134.23
BWMG	14.22	2.30	0.09	0.51	13.82	(38.73)	48.15	(34.43)	105.49
MAYX	3.75	(0.05)	0.00	0.04	0.00	0.00	2.78	(15.25)	106.08
GKIT	1.02	(0.32)	0.00	(0.14)	0.00	0.00	0.00	(7.69)	31.18
BANI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GHST	5.51	0.01	0.01	0.08	7.47	(20.40)	27.78	(18.18)	57.01
AFFL	3.76	0.16	0.00	(0.03)	6.63	(17.77)	10.54	(12.11)	84.81
NROM	3.58	0.92	0.11	(0.97)	3.09	(9.29)	11.76	(7.41)	41.03
CDTI	2.79	(0.48)	0.00	19.73	0.00	0.00	7.37	(9.52)	26.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in Shonghoya Intl without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Crypto Correlations Now

Crypto Correlations

Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins

All Next

Launch Module

Shonghoya Intl Corporate Management

ZhaoHua Meng	G Mang	Profile
YingKuei Tseng	Chief Officer	Profile
YuMin Wu	CEO Director	Profile
TsenLin Yang	Audit Associate	Profile
WenChun Chen	Chairman Pres	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC