Swvl Holdings Correlations

SWVL Stock

USD 6.16 0.31 4.79%

The current 90-days correlation between Swvl Holdings Corp and Sonic Foundry is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Swvl Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Swvl Holdings Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Swvl Holdings Correlation With Market

Good diversification

The correlation between Swvl Holdings Corp and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swvl Holdings Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Swvl Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Swvl Stock

0.62

DoubleVerify Holdings

Pair Corr

Moving against Swvl Stock

0.74	U	Unity Software Trending	Pair Corr
0.72	DT	Dynatrace Holdings LLC	Pair Corr
0.64	QH	Quhuo	Pair Corr
0.51	DUOL	Duolingo	Pair Corr
0.37	BL	Blackline	Pair Corr
0.34	ZI	ZoomInfo Technologies	Pair Corr
0.44	ENFN	Enfusion	Pair Corr
0.33	WALD	Waldencast Acquisition	Pair Corr
0.33	BSY	Bentley Systems	Pair Corr

Related Correlations Analysis

	SOFO	CUEN	OLB	SBIG	FDBL	MNTV	IDBA	ENFN	EGAN	VQS
SOFO		-0.36	0.11	-0.14	0.54	0.2	-0.4	0.16	-0.32	0.12	SOFO
CUEN	-0.36		0.06	0.15	-0.28	0.06	0.34	-0.23	-0.21	-0.47	CUEN
OLB	0.11	0.06		-0.04	0.03	-0.2	0.19	-0.04	0.12	-0.6	OLB
SBIG	-0.14	0.15	-0.04		0.01	-0.6	0.77	-0.86	0.61	0.08	SBIG
FDBL	0.54	-0.28	0.03	0.01		0.06	-0.18	0.01	-0.13	0.06	FDBL
MNTV	0.2	0.06	-0.2	-0.6	0.06		-0.52	0.42	-0.67	-0.13	MNTV
IDBA	-0.4	0.34	0.19	0.77	-0.18	-0.52		-0.72	0.61	-0.18	IDBA
ENFN	0.16	-0.23	-0.04	-0.86	0.01	0.42	-0.72		-0.52	0.07	ENFN
EGAN	-0.32	-0.21	0.12	0.61	-0.13	-0.67	0.61	-0.52		0.24	EGAN
VQS	0.12	-0.47	-0.6	0.08	0.06	-0.13	-0.18	0.07	0.24		VQS
	SOFO	CUEN	OLB	SBIG	FDBL	MNTV	IDBA	ENFN	EGAN	VQS

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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

IDBA	+ 0.77	SBIG
EGAN	+ 0.61	SBIG
EGAN	+ 0.61	IDBA
FDBL	+ 0.54	SOFO
ENFN	+ 0.42	MNTV
IDBA	+ 0.34	CUEN

High negative correlations

ENFN	- 0.86	SBIG
ENFN	- 0.72	IDBA
EGAN	- 0.67	MNTV
MNTV	- 0.6	SBIG
VQS	- 0.6	OLB
EGAN	- 0.52	ENFN

Risk-Adjusted Indicators

There is a big difference between Swvl Stock performing well and Swvl Holdings 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 Swvl Holdings' 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
SOFO	3.24	0.10	0.01	0.55	3.51	(5.48)	7.41	(7.45)	35.29
CUEN	4.18	0.40	0.04	(0.70)	5.67	(4.66)	10.49	(7.63)	52.26
OLB	6.14	0.03	0.01	0.12	7.03	(7.68)	17.43	(12.03)	43.35
SBIG	5.70	(0.99)	0.00	4.30	0.00	0.00	14.29	(11.43)	41.52
FDBL	3.01	0.61	0.00	0.56	0.00	0.00	0.00	0.00	150.00
MNTV	0.90	0.50	2.11	(52.66)	0.00	(1.77)	0.43	(0.21)	20.63
IDBA	1.81	(0.59)	0.00	8.95	0.00	0.00	2.74	(6.49)	17.01
ENFN	1.58	0.34	0.13	(1.47)	1.47	(1.95)	3.93	(2.77)	10.11
EGAN	2.67	(0.76)	0.00	(0.18)	0.00	0.00	5.62	(7.25)	18.26
VQS	6.28	0.20	0.04	0.21	6.31	(9.41)	14.29	(11.54)	51.43

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