Roma Green Correlations

ROMA Stock

0.75 0.03 3.85%

The current 90-days correlation between Roma Green Finance and Rivian Automotive is -0.22 (i.e., Very good diversification). The correlation of Roma Green 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.

Roma Green Correlation With Market

Significant diversification

The correlation between Roma Green Finance and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roma Green Finance 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 Roma Green Finance. 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 Roma Stock

0.76	BW	Babcock Wilcox Enter	Pair Corr
0.62	EH	Ehang Holdings	Pair Corr
0.68	FC	Franklin Covey	Pair Corr

Moving against Roma Stock

0.72	BE	Bloom Energy Corp	Pair Corr
0.65	DIST	Distoken Acquisition	Pair Corr
0.64	AL	Air Lease	Pair Corr
0.59	CBZ	CBIZ Inc	Pair Corr
0.57	R	Ryder System	Pair Corr
0.52	DE	Deere Company	Pair Corr
0.49	FTEK	Fuel Tech	Pair Corr
0.45	CR	Crane Company	Pair Corr
0.37	AZ	A2Z Smart Technologies	Pair Corr
0.6	PL	Planet Labs PBC	Pair Corr
0.56	HI	Hillenbrand	Pair Corr
0.5	PH	Parker Hannifin	Pair Corr
0.48	TH	Target Hospitality Corp	Pair Corr
0.44	DMYY	dMY Squared Technology	Pair Corr
0.33	YHNAU	YHN Acquisition I	Pair Corr

Related Correlations Analysis

	RIVN	LCID	VC	BC	CDR-PB	MPX	ADNT	TSLA
RIVN		0.12	-0.14	-0.76	0.15	-0.15	-0.67	0.86	RIVN
LCID	0.12		-0.15	-0.2	-0.48	-0.5	0.25	-0.18	LCID
VC	-0.14	-0.15		0.6	0.23	0.54	0.53	-0.23	VC
BC	-0.76	-0.2	0.6		0.2	0.58	0.81	-0.76	BC
CDR-PB	0.15	-0.48	0.23	0.2		0.53	-0.11	0.25	CDR-PB
MPX	-0.15	-0.5	0.54	0.58	0.53		0.21	0.0	MPX
ADNT	-0.67	0.25	0.53	0.81	-0.11	0.21		-0.85	ADNT
TSLA	0.86	-0.18	-0.23	-0.76	0.25	0.0	-0.85		TSLA
	RIVN	LCID	VC	BC	CDR-PB	MPX	ADNT	TSLA

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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

TSLA	+ 0.86	RIVN
ADNT	+ 0.81	BC
BC	+ 0.6	VC
MPX	+ 0.58	BC
MPX	+ 0.54	VC
ADNT	+ 0.53	VC

High negative correlations

TSLA	- 0.85	ADNT
TSLA	- 0.76	BC
BC	- 0.76	RIVN
ADNT	- 0.67	RIVN
MPX	- 0.5	LCID
CDR-PB	- 0.48	LCID

Risk-Adjusted Indicators

There is a big difference between Roma Stock performing well and Roma Green 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 Roma Green'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
RIVN	3.12	0.30	0.07	0.54	3.93	(3.50)	6.75	(6.95)	28.00
LCID	3.40	(0.16)	0.00	(5.68)	0.00	0.00	6.47	(7.65)	20.44
VC	1.44	(0.13)	0.00	(6.81)	0.00	0.00	3.18	(3.56)	10.13
BC	1.36	(0.39)	0.00	(1.19)	0.00	0.00	3.42	(3.35)	11.27
CDR-PB	1.94	(0.06)	0.00	1.67	0.00	0.00	4.50	(5.44)	18.13
MPX	1.28	(0.07)	0.00	(0.34)	0.00	0.00	2.30	(2.75)	9.29
ADNT	1.84	(0.46)	0.00	(4.78)	0.00	0.00	3.21	(4.22)	12.63
TSLA	3.47	0.77	0.23	(1.22)	2.97	(4.40)	8.19	(5.77)	30.20

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