Haoxi Health Correlations

HAO Etf

USD 1.71 0.01 0.58%

The current 90-days correlation between Haoxi Health Technology and Ibotta, is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Haoxi Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haoxi Health Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Haoxi Health Correlation With Market

Good diversification

The correlation between Haoxi Health Technology and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Haoxi Health Technology 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 Haoxi Health Technology. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Haoxi Etf

0.73	TC	TuanChe ADR	Pair Corr
0.65	WIMI	WiMi Hologram Cloud	Pair Corr
0.71	CCO	Clear Channel Outdoor	Pair Corr
0.8	EEX	Emerald Expositions	Pair Corr
0.73	EVC	Entravision Communications	Pair Corr
0.74	GCI	Gannett	Pair Corr
0.72	LVO	LiveOne	Pair Corr
0.65	TSQ	Townsquare Media	Pair Corr
0.74	KUKE	Kuke Music Holding Trending	Pair Corr

Moving against Haoxi Etf

0.84	BATRA	Atlanta Braves Holdings,	Pair Corr
0.83	SE	Sea	Pair Corr
0.76	FOX	Fox Corp Class	Pair Corr
0.69	PSO	Pearson PLC ADR	Pair Corr
0.52	NWS	News Corp B	Pair Corr
0.43	TV	Grupo Televisa SAB	Pair Corr
0.34	LILAK	Liberty Latin America	Pair Corr
0.78	WMG	Warner Music Group Sell-off Trend	Pair Corr
0.68	LBRDA	Liberty Broadband Srs	Pair Corr
0.68	LBRDK	Liberty Broadband Srs	Pair Corr
0.55	IMAX	Imax Corp	Pair Corr
0.44	NXST	Nexstar Broadcasting	Pair Corr
0.43	ABTS	Abits Group	Pair Corr
0.38	SWAGW	Software Acquisition	Pair Corr
0.33	KRKR	36Kr Holdings	Pair Corr

Related Correlations Analysis

	HAO	IBTA	DHDG	Z	MBCC	MBBB	BZDYF	DHSB
HAO		0.57	0.04	-0.04	-0.16	-0.83	0.0	0.08	HAO
IBTA	0.57		0.69	0.62	0.51	-0.67	0.0	-0.09	IBTA
DHDG	0.04	0.69		0.84	0.94	-0.09	0.0	-0.13	DHDG
Z	-0.04	0.62	0.84		0.83	-0.05	0.0	-0.03	Z
MBCC	-0.16	0.51	0.94	0.83		0.12	0.0	-0.15	MBCC
MBBB	-0.83	-0.67	-0.09	-0.05	0.12		0.0	-0.02	MBBB
BZDYF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	BZDYF
DHSB	0.08	-0.09	-0.13	-0.03	-0.15	-0.02	0.0		DHSB
	HAO	IBTA	DHDG	Z	MBCC	MBBB	BZDYF	DHSB

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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

MBCC	+ 0.94	DHDG
Z	+ 0.84	DHDG
MBCC	+ 0.83	Z
DHDG	+ 0.69	IBTA
Z	+ 0.62	IBTA
IBTA	+ 0.57	HAO

High negative correlations

MBBB	- 0.83	HAO
MBBB	- 0.67	IBTA
MBCC	- 0.16	HAO
DHSB	- 0.15	MBCC
DHSB	- 0.13	DHDG
MBBB	- 0.09	DHDG

Haoxi Health Constituents Risk-Adjusted Indicators

There is a big difference between Haoxi Etf performing well and Haoxi Health ETF 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 Haoxi Health'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
HAO	5.71	(0.60)	0.00	0.62	0.00	0.00	17.67	(10.32)	76.15
IBTA	3.23	(0.55)	0.00	(0.47)	0.00	0.00	6.18	(5.04)	52.27
DHDG	0.44	(0.03)	0.00	(0.10)	0.00	0.00	0.87	(0.94)	2.86
Z	1.91	(0.08)	0.00	(0.09)	0.00	0.00	3.33	(4.38)	14.24
MBCC	0.78	(0.02)	0.00	(0.06)	0.00	0.00	1.56	(2.25)	4.26
MBBB	0.25	0.00	0.12	0.02	0.28	(0.27)	0.52	(0.51)	1.48
BZDYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DHSB	0.38	(0.05)	0.00	(0.25)	0.00	0.00	0.82	(0.74)	1.68

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