HomesToLife Correlations

HTLM Stock

3.99 0.06 1.48%

The current 90-days correlation between HomesToLife and Shimmick Common is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HomesToLife moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HomesToLife moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

HomesToLife Correlation With Market

Good diversification

The correlation between HomesToLife 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 HomesToLife 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 HomesToLife. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in HomesToLife Stock, please use our How to Invest in HomesToLife guide.

Moving together with HomesToLife Stock

0.65	F-PC	Ford Motor	Pair Corr
0.62	DMN	Damon Common Stock	Pair Corr
0.82	ECG	Everus Construction	Pair Corr
0.65	KFS	Kingsway Financial	Pair Corr
0.62	MLR	Miller Industries	Pair Corr
0.68	NCL	Northann Corp	Pair Corr

Moving against HomesToLife Stock

0.78	EFOI	Energy Focu	Pair Corr
0.74	CYD	China Yuchai Interna Downward Rally	Pair Corr
0.56	CCK	Crown Holdings	Pair Corr
0.48	OI	O I Glass Sell-off Trend	Pair Corr
0.74	ROL	Rollins	Pair Corr
0.48	KAR	KAR Auction Services	Pair Corr
0.33	BC-PA	Brunswick Corp	Pair Corr

Related Correlations Analysis

	RDCM	NTGR	SHIM	PSFE	ALDF	GFF	PMNXF
RDCM		0.65	0.18	0.67	-0.07	0.67	-0.04	RDCM
NTGR	0.65		0.59	0.61	-0.52	0.55	-0.49	NTGR
SHIM	0.18	0.59		0.33	-0.63	0.53	-0.8	SHIM
PSFE	0.67	0.61	0.33		-0.01	0.74	-0.04	PSFE
ALDF	-0.07	-0.52	-0.63	-0.01		-0.05	0.74	ALDF
GFF	0.67	0.55	0.53	0.74	-0.05		-0.2	GFF
PMNXF	-0.04	-0.49	-0.8	-0.04	0.74	-0.2		PMNXF
	RDCM	NTGR	SHIM	PSFE	ALDF	GFF	PMNXF

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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

GFF	+ 0.74	PSFE
PMNXF	+ 0.74	ALDF
PSFE	+ 0.67	RDCM
GFF	+ 0.67	RDCM
NTGR	+ 0.65	RDCM
PSFE	+ 0.61	NTGR

High negative correlations

PMNXF	- 0.8	SHIM
ALDF	- 0.63	SHIM
ALDF	- 0.52	NTGR
PMNXF	- 0.49	NTGR
PMNXF	- 0.2	GFF
ALDF	- 0.07	RDCM

Risk-Adjusted Indicators

There is a big difference between HomesToLife Stock performing well and HomesToLife 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 HomesToLife'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
RDCM	2.64	0.07	0.05	0.49	3.09	(3.07)	4.79	(5.52)	21.58
NTGR	2.13	0.03	0.00	(0.06)	0.00	0.00	4.41	(5.11)	12.12
SHIM	3.57	(0.58)	0.00	(0.44)	0.00	0.00	6.83	(9.21)	25.88
PSFE	2.61	0.05	0.00	(0.07)	0.00	0.00	3.88	(5.69)	35.03
ALDF	0.09	0.02	0.73	1.22	0.00	(0.15)	0.20	(0.10)	0.50
GFF	1.45	(0.05)	0.00	(0.13)	0.00	0.00	2.22	(3.19)	12.51
PMNXF	1.81	0.27	0.15	(0.89)	1.93	(2.45)	4.65	(3.33)	9.77

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