NOHO Correlations

DRNK Stock

USD 0.0002 0.00 0.00%

The current 90-days correlation between NOHO Inc and Greene Concepts is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NOHO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NOHO Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NOHO Correlation With Market

Average diversification

The correlation between NOHO Inc and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NOHO Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to NOHO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NOHO 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 NOHO - 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 NOHO Inc to buy it.

Moving together with NOHO Pink Sheet

0.65

Coca Cola Fiscal Year End 11th of February 2025

Pair Corr

Moving against NOHO Pink Sheet

0.73	NNFSF	Nongfu Spring	Pair Corr
0.73	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.69	JXN-PA	Jackson Financial	Pair Corr
0.63	MNST	Monster Beverage Corp	Pair Corr
0.5	TATT	Tat Techno	Pair Corr
0.46	HA	Hawaiian Holdings	Pair Corr
0.38	FSTR	LB Foster	Pair Corr
0.33	AAPL	Apple Inc Aggressive Push	Pair Corr
0.73	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.7	PANW	Palo Alto Networks	Pair Corr
0.62	OMIC	Singular Genomics Systems	Pair Corr
0.61	OZK	Bank Ozk Fiscal Year End 16th of January 2025	Pair Corr
0.57	MET	MetLife	Pair Corr
0.57	FTNT	Fortinet Sell-off Trend	Pair Corr
0.55	T	ATT Inc Aggressive Push	Pair Corr
0.54	DECK	Deckers Outdoor	Pair Corr
0.5	OPFI	OppFi Inc Potential Growth	Pair Corr
0.45	FTI	TechnipFMC PLC	Pair Corr
0.41	ESLAW	Estrella Immunopharma	Pair Corr
0.32	BILI	Bilibili	Pair Corr

Related Correlations Analysis

	INKW	FIZZ	COCO	HSEEF	FLWBF	ALKM	HIRU
INKW		-0.68	-0.68	-0.22	0.66	0.0	0.41	INKW
FIZZ	-0.68		0.85	-0.08	-0.65	0.0	-0.67	FIZZ
COCO	-0.68	0.85		-0.25	-0.69	0.0	-0.84	COCO
HSEEF	-0.22	-0.08	-0.25		0.01	0.0	0.5	HSEEF
FLWBF	0.66	-0.65	-0.69	0.01		0.0	0.58	FLWBF
ALKM	0.0	0.0	0.0	0.0	0.0		0.0	ALKM
HIRU	0.41	-0.67	-0.84	0.5	0.58	0.0		HIRU
	INKW	FIZZ	COCO	HSEEF	FLWBF	ALKM	HIRU

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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

COCO	+ 0.85	FIZZ
FLWBF	+ 0.66	INKW
HIRU	+ 0.58	FLWBF
HIRU	+ 0.5	HSEEF
HIRU	+ 0.41	INKW
FLWBF	+ 0.01	HSEEF

High negative correlations

HIRU	- 0.84	COCO
FLWBF	- 0.69	COCO
COCO	- 0.68	INKW
FIZZ	- 0.68	INKW
HIRU	- 0.67	FIZZ
FLWBF	- 0.65	FIZZ

Risk-Adjusted Indicators

There is a big difference between NOHO Pink Sheet performing well and NOHO 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 NOHO'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
INKW	4.38	(0.43)	0.00	0.43	0.00	0.00	10.00	(10.53)	26.05
FIZZ	0.95	0.11	0.03	0.40	1.03	(1.00)	2.21	(1.89)	6.35
COCO	1.61	0.47	0.21	1.14	1.50	(1.80)	3.72	(3.13)	11.39
HSEEF	1.31	(0.51)	0.00	(0.09)	0.00	0.00	0.00	0.00	38.50
FLWBF	3.43	(0.29)	0.00	4.63	0.00	0.00	10.33	(9.09)	36.92
ALKM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HIRU	8.23	(0.98)	0.00	3.42	0.00	0.00	19.23	(16.67)	47.92

Be your own money manager

Our tools can tell you how much better you can do entering a position in NOHO 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.

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