Sharing Services Correlations
| SHRG Stock | USD 0.35 0.04 10.26% |
The current 90-days correlation between Sharing Services Global and Coffee Holding Co is -0.16 (i.e., Good diversification). The correlation of Sharing Services 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.
Sharing Services Correlation With Market
Good diversification
The correlation between Sharing Services Global and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sharing Services Global and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Sharing Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sharing Services when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sharing Services - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sharing Services Global to buy it.
Moving together with Sharing Pink Sheet
| 0.66 | NSRGF | Nestle SA | PairCorr |
| 0.65 | DANOY | Danone PK | PairCorr |
| 0.7 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.62 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.72 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.63 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Sharing Pink Sheet
| 0.87 | PTAIF | PT Astra International | PairCorr |
| 0.84 | SSNLF | Samsung Electronics | PairCorr |
| 0.82 | CIADY | China Mengniu Dairy | PairCorr |
| 0.77 | K | Kellanova | PairCorr |
| 0.31 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.86 | HD | Home Depot | PairCorr |
| 0.82 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.75 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.75 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.69 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.67 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.65 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.64 | HPQ | HP Inc | PairCorr |
| 0.64 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.6 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.57 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.48 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.46 | BAC | Bank of America Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sharing Pink Sheet performing well and Sharing Services 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 Sharing Services' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SENEB | 1.21 | 0.24 | 0.05 | (1.91) | 1.22 | 3.42 | 11.90 | |||
| BRID | 2.29 | (0.23) | 0.00 | (0.79) | 0.00 | 4.52 | 32.90 | |||
| JJSF | 0.98 | (0.12) | (0.08) | 0.02 | 1.22 | 2.12 | 9.61 | |||
| CENT | 1.25 | (0.09) | (0.07) | 0.02 | 1.44 | 2.81 | 6.39 | |||
| CENTA | 1.26 | (0.13) | (0.08) | (0.01) | 1.46 | 2.74 | 6.82 | |||
| SENEA | 1.15 | 0.17 | 0.09 | 0.31 | 1.43 | 2.87 | 11.87 | |||
| ARZTY | 0.63 | (0.26) | 0.00 | (0.71) | 0.00 | 0.00 | 14.15 | |||
| LWAY | 2.20 | 0.40 | 0.13 | 0.92 | 2.29 | 4.86 | 31.34 | |||
| JVA | 4.21 | 0.50 | 0.14 | 0.34 | 3.99 | 9.03 | 47.22 | |||
| RIBT | 3.04 | (0.04) | 0.00 | 0.16 | 0.00 | 5.56 | 16.03 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sharing Services without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Sharing Services Corporate Management
| CPA CPA | Chief Officer | Profile | |
| Jonathon McKillip | Pres Brands | Profile | |
| Heng Chan | Ex Directors | Profile | |
| Catherine McCain | Gen Sec | Profile |