Ohmyhome Limited Correlations

OMH Stock

2.59 0.09 3.60%

The current 90-days correlation between Ohmyhome Limited Ordinary and Fangdd Network Group is -0.03 (i.e., Good diversification). The correlation of Ohmyhome 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.

Ohmyhome Limited Correlation With Market

Good diversification

The correlation between Ohmyhome Limited Ordinary and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ohmyhome Limited Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ohmyhome Limited Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Ohmyhome Stock

0.72	CWK	Cushman Wakefield plc	Pair Corr
0.67	FSV	FirstService Corp	Pair Corr
0.77	MAYS	J W Mays	Pair Corr
0.78	RMAX	Re Max Holding	Pair Corr
0.83	PK	Park Hotels Resorts	Pair Corr
0.79	RC	Ready Capital Corp	Pair Corr
0.8	UE	Urban Edge Properties	Pair Corr
0.71	EARN	Ellington Residential	Pair Corr

Moving against Ohmyhome Stock

0.75	DX	Dynex Capital	Pair Corr
0.74	O	Realty Income	Pair Corr
0.74	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.69	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.69	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.67	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.66	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.59	FR	First Industrial Realty	Pair Corr
0.49	WY	Weyerhaeuser	Pair Corr
0.33	HR	Healthcare Realty Trust	Pair Corr
0.76	VICI	VICI Properties	Pair Corr
0.69	ELME	Elme Communities	Pair Corr
0.69	CDR-PC	Cedar Realty Trust	Pair Corr
0.68	CDR-PB	Cedar Realty Trust	Pair Corr
0.64	MITT-PC	AG Mortgage Investment	Pair Corr
0.64	WELL	Welltower	Pair Corr
0.63	FBRT	Franklin BSP Realty	Pair Corr
0.61	MITT-PA	AG Mortgage Investment	Pair Corr
0.6	FCPT	Four Corners Property	Pair Corr
0.54	NREF-PA	NexPoint Real Estate	Pair Corr

Related Correlations Analysis

	MDJH	DUO	UK	SFR	RDFN	OPAD	WE	EXPI	KW
MDJH		0.73	0.41	0.0	-0.51	0.64	0.0	0.7	0.25	MDJH
DUO	0.73		0.49	0.0	-0.64	0.79	0.0	0.33	0.01	DUO
UK	0.41	0.49		0.0	-0.17	0.53	0.0	0.42	0.17	UK
SFR	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SFR
RDFN	-0.51	-0.64	-0.17	0.0		-0.34	0.0	-0.11	-0.3	RDFN
OPAD	0.64	0.79	0.53	0.0	-0.34		0.0	0.6	0.13	OPAD
WE	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	WE
EXPI	0.7	0.33	0.42	0.0	-0.11	0.6	0.0		0.41	EXPI
KW	0.25	0.01	0.17	0.0	-0.3	0.13	0.0	0.41		KW
	MDJH	DUO	UK	SFR	RDFN	OPAD	WE	EXPI	KW

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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

OPAD	+ 0.79	DUO
DUO	+ 0.73	MDJH
EXPI	+ 0.7	MDJH
OPAD	+ 0.64	MDJH
EXPI	+ 0.6	OPAD
OPAD	+ 0.53	UK

High negative correlations

RDFN	- 0.64	DUO
RDFN	- 0.51	MDJH
OPAD	- 0.34	RDFN
KW	- 0.3	RDFN
RDFN	- 0.17	UK
EXPI	- 0.11	RDFN

Risk-Adjusted Indicators

There is a big difference between Ohmyhome Stock performing well and Ohmyhome 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 Ohmyhome 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
MDJH	10.32	2.22	0.21	0.22	7.42	(21.37)	30.00	(13.04)	48.75
DUO	3.77	(1.26)	0.00	(0.92)	0.00	0.00	6.67	(9.72)	24.11
UK	2.43	0.07	0.02	1.38	2.83	(2.84)	4.67	(4.88)	18.90
SFR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RDFN	4.32	0.70	0.16	(0.38)	4.29	(5.77)	6.45	(8.70)	70.65
OPAD	4.11	(0.90)	0.00	(0.47)	0.00	0.00	9.79	(8.20)	34.92
WE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EXPI	1.99	(0.15)	0.00	(0.10)	0.00	0.00	3.32	(3.69)	19.88
KW	1.63	(0.18)	0.00	(0.19)	0.00	0.00	3.22	(4.17)	9.35

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