HWH International Correlations

HWH Stock   0.95  0.39  69.64%   
The current 90-days correlation between HWH International and Thor Industries is -0.08 (i.e., Good diversification). The correlation of HWH International 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.

HWH International Correlation With Market

Good diversification

The correlation between HWH International and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HWH International 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 HWH International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
For more detail on how to invest in HWH Stock please use our How to Invest in HWH International guide.

Moving against HWH Stock

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Related Correlations Analysis

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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   
BCTHO
LCIIBC
PIIEZGO
WGOTHO
WGOMCFT
MBUUBC
  
High negative correlations   
MBUUEZGO
EZGOTHO
MCFTEZGO
MBUUPII
MCFTPII
WGOEZGO

Risk-Adjusted Indicators

There is a big difference between HWH Stock performing well and HWH International 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 HWH International'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.

HWH International Corporate Management

Anthony CPAChief OfficerProfile
Rongguo CPAChief OfficerProfile
Wai LuiChief OfficerProfile
John ThatchChief OfficerProfile
Sheng LimChief OfficerProfile