Eshallgo Correlations
EHGO Stock | 1.00 0.03 2.91% |
The current 90-days correlation between Eshallgo Class A and Zedge Inc is -0.17 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eshallgo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eshallgo Class A moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Eshallgo Correlation With Market
Good diversification
The correlation between Eshallgo Class A and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eshallgo Class A and DJI in the same portfolio, assuming nothing else is changed.
Eshallgo |
Moving together with Eshallgo Stock
0.68 | DM | Desktop Metal | PairCorr |
0.74 | QUBT | Quantum Computing Aggressive Push | PairCorr |
0.67 | AI | C3 Ai Inc | PairCorr |
0.71 | EVCM | EverCommerce | PairCorr |
0.63 | BMR | Beamr Imaging | PairCorr |
Moving against Eshallgo Stock
0.43 | RDCM | Radcom | PairCorr |
0.43 | SANM | Sanmina | PairCorr |
0.41 | JBL | Jabil Circuit | PairCorr |
0.37 | NTIP | Network 1 Technologies | PairCorr |
0.31 | NTCT | NetScout Systems | PairCorr |
0.8 | ENFN | Enfusion | PairCorr |
0.7 | CSCO | Cisco Systems | PairCorr |
0.52 | ZS | Zscaler | PairCorr |
0.51 | DOCN | DigitalOcean Holdings | PairCorr |
0.37 | GB | Global Blue Group | PairCorr |
0.78 | SAP | SAP SE ADR | PairCorr |
0.62 | IBM | International Business | PairCorr |
0.53 | NET | Cloudflare | PairCorr |
0.43 | GROV | Virgin Group Acquisition | PairCorr |
Related Correlations Analysis
0.18 | 0.11 | -0.19 | 0.21 | -0.11 | JBGS | ||
0.18 | 0.67 | -0.59 | 0.84 | 0.1 | PLTK | ||
0.11 | 0.67 | -0.42 | 0.6 | 0.2 | ZDGE | ||
-0.19 | -0.59 | -0.42 | -0.77 | 0.56 | ZH | ||
0.21 | 0.84 | 0.6 | -0.77 | -0.29 | PLAY | ||
-0.11 | 0.1 | 0.2 | 0.56 | -0.29 | PINS | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Eshallgo Stock performing well and Eshallgo 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 Eshallgo'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
JBGS | 1.76 | 0.10 | 0.05 | 0.04 | 2.21 | 3.16 | 8.37 | |||
PLTK | 2.00 | (0.89) | 0.00 | (1.50) | 0.00 | 2.19 | 21.07 | |||
ZDGE | 3.98 | 0.12 | 0.00 | (0.01) | 0.00 | 10.73 | 49.03 | |||
ZH | 3.18 | 0.53 | 0.14 | 0.52 | 3.27 | 8.05 | 27.14 | |||
PLAY | 3.20 | (0.34) | 0.00 | (0.41) | 0.00 | 7.82 | 20.23 | |||
PINS | 2.13 | 0.19 | 0.08 | 0.15 | 2.35 | 5.04 | 26.52 |