MoneyHero Limited Correlations

MNY Stock

0.80 0.03 3.61%

The current 90-days correlation between MoneyHero Limited Class and Compania Cervecerias Unidas is 0.26 (i.e., Modest diversification). The correlation of MoneyHero Limited 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. If the correlation is 0, the equities are not correlated; they are entirely random.

MoneyHero Limited Correlation With Market

Good diversification

The correlation between MoneyHero Limited Class and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MoneyHero Limited Class and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MoneyHero Limited Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with MoneyHero Stock

0.88	OB	Outbrain	Pair Corr
0.78	TC	TuanChe ADR	Pair Corr
0.65	DOYU	DouYu International	Pair Corr
0.9	DJT	Trump Media Technology Symbol Change	Pair Corr
0.86	FVRR	Fiverr International	Pair Corr
0.73	MAX	MediaAlpha	Pair Corr
0.93	SLE	Super League Enterprise Earnings Call Today	Pair Corr
0.64	GETY	Getty Images Holdings	Pair Corr
0.93	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.83	YELP	Yelp Inc	Pair Corr
0.64	ZDGE	Zedge Inc	Pair Corr
0.66	SEATW	Vivid Seats Warrant	Pair Corr
0.66	IZEA	IZEA Inc Earnings Call This Week	Pair Corr
0.81	KIND	Nextdoor Holdings	Pair Corr
0.78	LCFY	Locafy	Pair Corr
0.68	BZFDW	BuzzFeed	Pair Corr

Moving against MoneyHero Stock

0.91	EVER	EverQuote Class A	Pair Corr
0.9	GIFT	RDE, Inc Symbol Change	Pair Corr
0.78	ZH	Zhihu Inc ADR	Pair Corr
0.74	TME	Tencent Music Entert	Pair Corr
0.68	IAC	IAC Inc	Pair Corr
0.61	WB	Weibo Corp	Pair Corr
0.6	CCG	Cheche Group Class	Pair Corr
0.59	YY	YY Inc Class	Pair Corr
0.56	GRPN	Groupon	Pair Corr
0.5	GENI	Genius Sports	Pair Corr
0.82	JFIN	Jiayin Group	Pair Corr
0.74	ATHM	Autohome	Pair Corr
0.6	AREN	Arena Group Holdings Earnings Call This Week	Pair Corr
0.43	MATH	Metalpha Technology	Pair Corr
0.34	ONFOW	Onfolio Holdings Warrant	Pair Corr

Related Correlations Analysis

	CCU	ATO	MNST	WEST	CQP	NRUC	CNP	ABEV
CCU		0.86	0.71	0.0	0.67	0.6	0.93	0.89	CCU
ATO	0.86		0.54	-0.11	0.83	0.67	0.92	0.66	ATO
MNST	0.71	0.54		-0.08	0.12	0.08	0.69	0.86	MNST
WEST	0.0	-0.11	-0.08		-0.05	0.17	-0.06	0.1	WEST
CQP	0.67	0.83	0.12	-0.05		0.79	0.69	0.36	CQP
NRUC	0.6	0.67	0.08	0.17	0.79		0.59	0.36	NRUC
CNP	0.93	0.92	0.69	-0.06	0.69	0.59		0.83	CNP
ABEV	0.89	0.66	0.86	0.1	0.36	0.36	0.83		ABEV
	CCU	ATO	MNST	WEST	CQP	NRUC	CNP	ABEV

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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

CNP	+ 0.93	CCU
CNP	+ 0.92	ATO
ABEV	+ 0.89	CCU
ATO	+ 0.86	CCU
ABEV	+ 0.86	MNST
CQP	+ 0.83	ATO

High negative correlations

WEST	- 0.11	ATO
WEST	- 0.08	MNST
CNP	- 0.06	WEST
CQP	- 0.05	WEST
WEST	- 0.0	CCU

Risk-Adjusted Indicators

There is a big difference between MoneyHero Stock performing well and MoneyHero Limited 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 MoneyHero Limited'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
CCU	1.04	0.40	0.29	3.84	1.04	(1.18)	2.11	(1.67)	8.78
ATO	0.96	0.11	0.11	0.30	1.14	(1.01)	1.96	(1.77)	5.33
MNST	1.06	0.16	0.15	0.70	1.11	(1.13)	2.80	(1.87)	6.76
WEST	3.31	0.10	0.03	0.38	4.37	(3.41)	5.92	(8.00)	30.89
CQP	1.86	0.25	0.11	0.32	2.05	(2.04)	4.43	(4.13)	10.52
NRUC	0.50	0.03	0.11	0.09	0.50	(0.60)	0.81	(0.81)	4.08
CNP	0.86	0.19	0.20	0.41	0.79	(0.97)	2.51	(1.74)	5.48
ABEV	1.44	0.25	0.15	4.21	1.60	(1.66)	3.39	(2.99)	8.01

MoneyHero Limited Corporate Management

Nawaz Imam	Group Development	Profile
Shravan Thakur	Chief Officer	Profile
Francois Picard	Group Operations	Profile
Hao Qian	Chief Officer	Profile
Liru Chan	Group Marketing	Profile

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