Solowin Holdings Correlations

Etfs . USA . 
Etf . Solowin Holdings Ordinary
SWIN Etf  USD 2.57  0.16  6.64%   
The current 90-days correlation between Solowin Holdings Ordinary and Embrace Change Acquisition is -0.28 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Solowin Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solowin Holdings Ordinary moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Solowin Holdings Correlation With Market

Significant diversification

The correlation between Solowin Holdings Ordinary and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solowin Holdings Ordinary 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 Solowin Holdings Ordinary. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Solowin Etf

  0.67LU Lufax HoldingPairCorr

Moving against Solowin Etf

  0.62V Visa Class APairCorr
  0.56GS Goldman Sachs Group Fiscal Year End 21st of January 2025 PairCorr
  0.54DHIL Diamond Hill InvestmentPairCorr
  0.54WT WisdomTreePairCorr
  0.52LC LendingClub CorpPairCorr
  0.5DIST Distoken AcquisitionPairCorr
  0.46MC MoelisPairCorr
  0.46MS Morgan Stanley Fiscal Year End 21st of January 2025 PairCorr
  0.44BX Blackstone Group Fiscal Year End 23rd of January 2025 PairCorr
  0.42SF Stifel Financial Fiscal Year End 22nd of January 2025 PairCorr
  0.38PX P10 IncPairCorr
  0.33MA MastercardPairCorr
  0.32DX Dynex CapitalPairCorr
  0.6ECPG Encore Capital GroupPairCorr
  0.59EMCG Embrace Change AcquiPairCorr
  0.55ENVA Enova InternationalPairCorr
  0.54VRTS Virtus InvestmentPairCorr
  0.49VIRT Virtu Financial Fiscal Year End 23rd of January 2025 PairCorr
  0.46ROCLW Roth CH AcquisitionPairCorr
  0.43TETEU Technology TelecommunicatioPairCorr
  0.41VCTR Victory Capital HoldingsPairCorr
  0.41VINP Vinci Partners InvesPairCorr

Related Correlations Analysis

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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   
Z
+ 0.9
HHH
HHH
+ 0.65
EMCG
Z
+ 0.6
EMCG
SITC
+ 0.39
HHH
SITC
+ 0.35
EMCG
DHDG
+ 0.33
NYC
  
High negative correlations   
DHDG
- 0.57
EMCG
NYC
- 0.48
EMCG
Z
- 0.45
MATH
DHDG
- 0.45
SITC
MATH
- 0.44
EMCG
SITC
- 0.42
NYC

Solowin Holdings Constituents Risk-Adjusted Indicators

There is a big difference between Solowin Etf performing well and Solowin Holdings ETF 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 Solowin Holdings' 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.

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