Samfine Creation Correlations

SFHG Stock

0.69 0.17 20.11%

The correlation of Samfine Creation 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.

Samfine Creation Correlation With Market

Average diversification

The correlation between Samfine Creation Holdings and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Samfine Creation Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Samfine Creation 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 rate.

Moving together with Samfine Stock

0.66

Babcock Wilcox Enter

Pair Corr

Moving against Samfine Stock

0.46	G	Genpact Limited	Pair Corr
0.35	PC	Premium Catering	Pair Corr
0.59	DE	Deere Company	Pair Corr
0.59	LZ	LegalZoom	Pair Corr
0.47	EH	Ehang Holdings	Pair Corr
0.41	GE	GE Aerospace	Pair Corr
0.38	KC	Kingsoft Cloud Holdings	Pair Corr
0.58	WM	Waste Management	Pair Corr
0.54	SB	Safe Bulkers	Pair Corr

Related Correlations Analysis

	EFRMF	IONR	GOLD	EVVTY	IIIN	TTAM	AGAE
EFRMF		0.0	0.0	0.0	0.0	0.0	0.0	EFRMF
IONR	0.0		-0.23	-0.4	0.35	0.0	0.14	IONR
GOLD	0.0	-0.23		0.05	0.28	0.35	0.67	GOLD
EVVTY	0.0	-0.4	0.05		-0.02	-0.33	-0.19	EVVTY
IIIN	0.0	0.35	0.28	-0.02		0.5	0.12	IIIN
TTAM	0.0	0.0	0.35	-0.33	0.5		0.17	TTAM
AGAE	0.0	0.14	0.67	-0.19	0.12	0.17		AGAE
	EFRMF	IONR	GOLD	EVVTY	IIIN	TTAM	AGAE

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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

AGAE	+ 0.67	GOLD
TTAM	+ 0.5	IIIN
IIIN	+ 0.35	IONR
TTAM	+ 0.35	GOLD
IIIN	+ 0.28	GOLD
AGAE	+ 0.17	TTAM

High negative correlations

EVVTY	- 0.4	IONR
TTAM	- 0.33	EVVTY
GOLD	- 0.23	IONR
AGAE	- 0.19	EVVTY
IIIN	- 0.02	EVVTY
TTAM	- 0.0	IONR

Risk-Adjusted Indicators

There is a big difference between Samfine Stock performing well and Samfine Creation 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 Samfine Creation'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
EFRMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IONR	3.42	0.08	0.02	0.11	3.74	(4.12)	6.70	(6.07)	32.97
GOLD	1.40	0.28	0.15	0.69	1.44	(1.52)	3.05	(2.73)	10.08
EVVTY	1.67	(0.06)	0.00	0.15	0.00	0.00	2.80	(4.02)	9.34
IIIN	1.81	(0.08)	0.00	(0.05)	0.00	0.00	3.63	(3.15)	14.41
TTAM	1.80	(0.47)	0.00	(0.47)	0.00	0.00	3.31	(4.96)	9.88
AGAE	2.92	0.62	0.14	(1.36)	3.62	(3.31)	6.00	(5.66)	22.41

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