Oriental Rise Correlations

ORIS Stock

1.17 0.01 0.86%

The current 90-days correlation between Oriental Rise Holdings and Virgin Group Acquisition is -0.13 (i.e., Good diversification). The correlation of Oriental Rise 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.

Oriental Rise Correlation With Market

Significant diversification

The correlation between Oriental Rise Holdings and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oriental Rise Holdings 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 Oriental Rise 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 gross domestic product.

Moving together with Oriental Stock

0.76	SNAX	Stryve Foods	Pair Corr
0.68	BG	Bunge Limited	Pair Corr
0.72	DTCK	Davis Commodities	Pair Corr
0.63	EDBL	Edible Garden AG	Pair Corr
0.69	FAMI	Farmmi Inc	Pair Corr

Moving against Oriental Stock

0.79	BJ	BJs Wholesale Club	Pair Corr
0.75	BRLSW	Borealis Foods	Pair Corr
0.74	PM	Philip Morris Intern	Pair Corr
0.72	WYHG	Wing Yip Food Downward Rally	Pair Corr
0.69	KR	Kroger Company	Pair Corr
0.67	KO	Coca Cola Sell-off Trend	Pair Corr
0.63	K	Kellanova Earnings Call This Week	Pair Corr
0.62	COOTW	Australian Oilseeds	Pair Corr
0.5	MO	Altria Group	Pair Corr
0.44	PG	Procter Gamble	Pair Corr
0.42	UL	Unilever PLC ADR Sell-off Trend	Pair Corr
0.35	DG	Dollar General	Pair Corr
0.33	UG	United Guardian	Pair Corr
0.76	WVVI	Willamette Valley	Pair Corr
0.71	BTI	British American Tobacco	Pair Corr
0.68	ACI	Albertsons Companies	Pair Corr
0.62	CCU	Compania Cervecerias	Pair Corr
0.54	WILC	G Willi Food	Pair Corr
0.51	BUD	Anheuser Busch Inbev	Pair Corr
0.49	DOLE	Dole PLC	Pair Corr
0.49	ACU	Acme United	Pair Corr
0.49	BOF	BranchOut Food Common	Pair Corr
0.46	FARM	Farmer Bros	Pair Corr
0.38	CHD	Church Dwight	Pair Corr

Related Correlations Analysis

	MJDLF	HLMN	NE	GROV	IPAR	RBC	ACU
MJDLF		0.79	0.51	0.01	0.62	0.29	-0.34	MJDLF
HLMN	0.79		0.6	-0.27	0.78	0.11	-0.35	HLMN
NE	0.51	0.6		-0.55	0.52	-0.38	-0.62	NE
GROV	0.01	-0.27	-0.55		-0.12	0.77	0.39	GROV
IPAR	0.62	0.78	0.52	-0.12		0.24	-0.45	IPAR
RBC	0.29	0.11	-0.38	0.77	0.24		0.34	RBC
ACU	-0.34	-0.35	-0.62	0.39	-0.45	0.34		ACU
	MJDLF	HLMN	NE	GROV	IPAR	RBC	ACU

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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

HLMN	+ 0.79	MJDLF
IPAR	+ 0.78	HLMN
RBC	+ 0.77	GROV
IPAR	+ 0.62	MJDLF
NE	+ 0.6	HLMN
IPAR	+ 0.52	NE

High negative correlations

ACU	- 0.62	NE
GROV	- 0.55	NE
ACU	- 0.45	IPAR
RBC	- 0.38	NE
ACU	- 0.35	HLMN
ACU	- 0.34	MJDLF

Risk-Adjusted Indicators

There is a big difference between Oriental Stock performing well and Oriental Rise 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 Oriental Rise'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
MJDLF	1.81	(0.12)	0.00	(1.39)	0.00	0.00	3.91	(5.39)	15.42
HLMN	1.48	(0.25)	0.00	(0.23)	0.00	0.00	2.80	(3.28)	7.61
NE	1.87	(0.31)	0.00	(1.66)	0.00	0.00	3.30	(4.19)	13.82
GROV	2.64	0.24	0.06	0.39	3.57	(3.37)	6.77	(4.93)	31.33
IPAR	1.64	(0.16)	0.00	(0.13)	0.00	0.00	2.91	(3.28)	9.65
RBC	1.24	0.06	0.05	0.08	1.32	(1.44)	3.35	(2.42)	11.50
ACU	1.48	(0.05)	0.00	(0.12)	0.00	0.00	3.55	(2.38)	10.21

Oriental Rise Corporate Executives

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

Wai Fong	CoFounder	Profile
Deming Zhou	CoFounder	Profile
Chun Wong	CoFounder	Profile

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