Golden Heaven Correlations

GDHG Stock

1.74 0.02 1.16%

The correlation of Golden Heaven is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Golden Heaven Correlation With Market

Average diversification

The correlation between Golden Heaven Group and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golden Heaven Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Heaven Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Golden Stock

0.75	EJH	E Home Household	Pair Corr
0.68	PNST	Pinstripes Holdings Symbol Change	Pair Corr
0.8	REBN	Reborn Coffee	Pair Corr

Moving against Golden Stock

0.87	HLT	Hilton Worldwide Holdings	Pair Corr
0.85	MAR	Marriott International	Pair Corr
0.83	CHH	Choice Hotels Intern	Pair Corr
0.79	IHG	InterContinental Hotels	Pair Corr
0.77	BYD	Boyd Gaming	Pair Corr
0.77	EAT	Brinker International	Pair Corr
0.75	KRUS	Kura Sushi USA	Pair Corr
0.7	WH	Wyndham Hotels Resorts	Pair Corr
0.66	SG	Sweetgreen	Pair Corr
0.62	H	Hyatt Hotels	Pair Corr
0.62	DPZ	Dominos Pizza	Pair Corr
0.61	DIN	Dine Brands Global	Pair Corr
0.56	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.54	BH	Biglari Holdings	Pair Corr
0.54	FWRG	First Watch Restaurant	Pair Corr
0.52	LIND	Lindblad Expeditions	Pair Corr
0.51	HTHT	Huazhu Group	Pair Corr
0.45	GHG	GreenTree Hospitality	Pair Corr
0.43	WEN	The Wendys	Pair Corr
0.35	YUM	Yum Brands	Pair Corr
0.31	XPOF	Xponential Fitness	Pair Corr
0.85	TXRH	Texas Roadhouse	Pair Corr
0.81	RAVE	Rave Restaurant Group	Pair Corr
0.79	BJRI	BJs Restaurants	Pair Corr
0.78	ATAT	Atour Lifestyle Holdings	Pair Corr
0.77	CAKE	The Cheesecake Factory	Pair Corr
0.77	CBRL	Cracker Barrel Old	Pair Corr
0.72	NATH	Nathans Famous	Pair Corr
0.72	CAVA	CAVA Group,	Pair Corr
0.71	SHAK	Shake Shack	Pair Corr
0.57	PLAY	Dave Busters Enterta	Pair Corr
0.52	PLNT	Planet Fitness	Pair Corr
0.52	RICK	RCI Hospitality Holdings	Pair Corr
0.52	CHSN	Chanson International	Pair Corr
0.33	F	Ford Motor Sell-off Trend	Pair Corr

Related Correlations Analysis

	SDHC	MAHN	JBGS	LIVE	ADUS	FSP	BEDU	EDTK
SDHC		0.0	0.77	0.66	0.73	-0.63	0.35	0.29	SDHC
MAHN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MAHN
JBGS	0.77	0.0		0.52	0.85	-0.5	0.27	0.04	JBGS
LIVE	0.66	0.0	0.52		0.62	-0.64	0.29	0.56	LIVE
ADUS	0.73	0.0	0.85	0.62		-0.54	0.41	0.06	ADUS
FSP	-0.63	0.0	-0.5	-0.64	-0.54		-0.45	-0.44	FSP
BEDU	0.35	0.0	0.27	0.29	0.41	-0.45		0.11	BEDU
EDTK	0.29	0.0	0.04	0.56	0.06	-0.44	0.11		EDTK
	SDHC	MAHN	JBGS	LIVE	ADUS	FSP	BEDU	EDTK

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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

ADUS	+ 0.85	JBGS
JBGS	+ 0.77	SDHC
ADUS	+ 0.73	SDHC
LIVE	+ 0.66	SDHC
ADUS	+ 0.62	LIVE
EDTK	+ 0.56	LIVE

High negative correlations

FSP	- 0.64	LIVE
FSP	- 0.63	SDHC
FSP	- 0.54	ADUS
FSP	- 0.5	JBGS
BEDU	- 0.45	FSP
EDTK	- 0.44	FSP

Risk-Adjusted Indicators

There is a big difference between Golden Stock performing well and Golden Heaven 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 Golden Heaven'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
SDHC	2.22	(0.09)	0.00	(0.05)	0.00	0.00	6.08	(5.92)	13.47
MAHN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JBGS	1.23	(0.19)	0.00	(0.07)	0.00	0.00	2.58	(2.38)	9.14
LIVE	2.88	(0.82)	0.00	(1.78)	0.00	0.00	6.01	(5.86)	16.34
ADUS	1.26	(0.20)	0.00	(0.07)	0.00	0.00	2.50	(2.69)	8.16
FSP	2.28	0.29	0.03	(0.26)	2.52	(2.64)	4.44	(4.22)	14.81
BEDU	2.28	0.20	0.00	(0.17)	2.69	(2.82)	5.56	(5.41)	13.53
EDTK	3.05	(0.03)	0.00	0.18	0.00	0.00	7.37	(5.61)	14.61

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