Click Holdings Correlations

CLIK Stock

2.76 0.71 34.63%

The current 90-days correlation between Click Holdings and Molson Coors Brewing is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Click Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Click Holdings Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Click Holdings Correlation With Market

Average diversification

The correlation between Click Holdings Limited and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Click Holdings Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Click Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against Click Stock

0.37	STAF	Staffing 360 Solutions	Pair Corr
0.35	GPK	Graphic Packaging Holding	Pair Corr
0.31	MRM	Medirom Healthcare Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TAP	SKLZ	AGAE	GHIFF	STZ	KO	WEST	RBLX
TAP		-0.45	0.06	0.32	0.06	0.76	-0.1	-0.62	TAP
SKLZ	-0.45		0.35	-0.39	-0.58	-0.12	0.14	0.82	SKLZ
AGAE	0.06	0.35		-0.19	-0.81	0.54	0.06	0.27	AGAE
GHIFF	0.32	-0.39	-0.19		0.3	0.11	0.3	-0.18	GHIFF
STZ	0.06	-0.58	-0.81	0.3		-0.52	0.06	-0.4	STZ
KO	0.76	-0.12	0.54	0.11	-0.52		-0.09	-0.37	KO
WEST	-0.1	0.14	0.06	0.3	0.06	-0.09		0.25	WEST
RBLX	-0.62	0.82	0.27	-0.18	-0.4	-0.37	0.25		RBLX
	TAP	SKLZ	AGAE	GHIFF	STZ	KO	WEST	RBLX

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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

RBLX	+ 0.82	SKLZ
KO	+ 0.76	TAP
KO	+ 0.54	AGAE
AGAE	+ 0.35	SKLZ
GHIFF	+ 0.32	TAP
STZ	+ 0.3	GHIFF

High negative correlations

STZ	- 0.81	AGAE
RBLX	- 0.62	TAP
STZ	- 0.58	SKLZ
KO	- 0.52	STZ
SKLZ	- 0.45	TAP
RBLX	- 0.4	STZ

Risk-Adjusted Indicators

There is a big difference between Click Stock performing well and Click 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 Click 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
TAP	1.36	0.03	0.03	0.02	1.78	(1.47)	2.72	(3.11)	13.51
SKLZ	3.39	0.10	0.02	0.11	4.69	(3.48)	7.41	(7.35)	27.98
AGAE	2.84	0.69	0.18	(2.93)	3.35	(3.31)	6.00	(5.56)	22.41
GHIFF	1.31	0.06	0.02	(0.10)	2.83	(7.33)	3.82	(1.94)	45.58
STZ	1.48	(0.32)	0.00	(0.48)	0.00	0.00	2.64	(2.58)	17.80
KO	0.92	0.16	0.18	1.22	0.88	(1.02)	1.87	(1.53)	7.65
WEST	3.31	0.10	0.03	0.38	4.37	(3.41)	5.92	(8.00)	30.89
RBLX	1.94	0.06	0.02	0.02	3.15	(1.86)	3.85	(4.00)	15.46

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