Highest Performances Correlations

HPH Stock

0.15 0.01 6.25%

The current 90-days correlation between Highest Performances and Vacasa Inc is 0.1 (i.e., Average diversification). The correlation of Highest Performances 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.

Highest Performances Correlation With Market

Modest diversification

The correlation between Highest Performances Holdings and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Highest Performances Holdings 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 Highest Performances Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Highest Stock

0.7	WD	Walker Dunlop	Pair Corr
0.65	ECPG	Encore Capital Group	Pair Corr
0.75	SYF	Synchrony Financial	Pair Corr
0.89	ORGN	Origin Materials	Pair Corr
0.83	PYPL	PayPal Holdings	Pair Corr
0.87	BITF	Bitfarms	Pair Corr
0.85	CODI	Compass Diversified	Pair Corr
0.73	DHIL	Diamond Hill Investment	Pair Corr
0.7	AX	Axos Financial	Pair Corr
0.74	BX	Blackstone Group	Pair Corr
0.62	CG	Carlyle Group	Pair Corr
0.79	CM	Canadian Imperial Bank	Pair Corr

Moving against Highest Stock

0.67	V	Visa Class A	Pair Corr
0.58	GDST	Goldenstone Acquisition	Pair Corr
0.52	WSBF	Waterstone Financial	Pair Corr
0.45	PT	Pintec Technology	Pair Corr
0.43	MA	Mastercard	Pair Corr
0.66	COOP	Mr Cooper Group	Pair Corr
0.63	BK	Bank of New York	Pair Corr
0.5	L	Loews Corp	Pair Corr
0.49	BBDC	Barings BDC	Pair Corr
0.39	SNFCA	Security National	Pair Corr
0.37	AB	AllianceBernstein	Pair Corr
0.35	AC	Associated Capital Normal Trading	Pair Corr
0.89	DB	Deutsche Bank AG	Pair Corr
0.87	LX	Lexinfintech Holdings Buyout Trend	Pair Corr
0.85	GL	Globe Life	Pair Corr
0.8	LU	Lufax Holding	Pair Corr
0.65	CB	Chubb	Pair Corr
0.61	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	VCSA	AIHS	NTGR	CWT	UPLD	FARO	MOLN
VCSA		-0.27	-0.26	0.09	-0.39	0.48	-0.45	VCSA
AIHS	-0.27		0.33	-0.25	0.52	-0.52	0.13	AIHS
NTGR	-0.26	0.33		-0.61	0.77	-0.01	0.54	NTGR
CWT	0.09	-0.25	-0.61		-0.61	0.04	-0.55	CWT
UPLD	-0.39	0.52	0.77	-0.61		-0.31	0.54	UPLD
FARO	0.48	-0.52	-0.01	0.04	-0.31		0.06	FARO
MOLN	-0.45	0.13	0.54	-0.55	0.54	0.06		MOLN
	VCSA	AIHS	NTGR	CWT	UPLD	FARO	MOLN

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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

UPLD	+ 0.77	NTGR
MOLN	+ 0.54	NTGR
MOLN	+ 0.54	UPLD
UPLD	+ 0.52	AIHS
FARO	+ 0.48	VCSA
NTGR	+ 0.33	AIHS

High negative correlations

UPLD	- 0.61	CWT
CWT	- 0.61	NTGR
MOLN	- 0.55	CWT
FARO	- 0.52	AIHS
MOLN	- 0.45	VCSA
UPLD	- 0.39	VCSA

Risk-Adjusted Indicators

There is a big difference between Highest Stock performing well and Highest Performances 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 Highest Performances' 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
VCSA	1.89	0.70	0.40	(7.38)	1.05	(2.68)	4.72	(2.31)	31.66
AIHS	2.75	0.22	0.05	0.47	3.40	(3.35)	7.00	(6.54)	23.64
NTGR	2.23	(0.05)	0.00	(0.07)	0.00	0.00	4.41	(5.11)	12.12
CWT	1.15	0.04	0.04	0.09	1.42	(1.12)	2.37	(2.28)	7.58
UPLD	3.63	(0.46)	0.00	(0.38)	0.00	0.00	8.28	(7.22)	20.15
FARO	2.70	0.26	0.09	0.15	2.61	(3.19)	4.78	(4.20)	22.69
MOLN	2.82	(0.26)	0.00	0.22	0.00	0.00	7.91	(7.39)	20.58

Highest Performances Corporate Executives

Elected by the shareholders, the Highest Performances' board of directors comprises two types of representatives: Highest Performances inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Highest. The board's role is to monitor Highest Performances' management team and ensure that shareholders' interests are well served. Highest Performances' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Highest Performances' outside directors are responsible for providing unbiased perspectives on the board's policies.

Yuanfen Yang

VP CFO

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