Reborn Coffee Correlations
| REBN Stock | USD 3.49 0.22 5.93% |
The correlation of Reborn Coffee 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Reborn Coffee moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Reborn Coffee moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Reborn Coffee and NYA is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reborn Coffee and NYA in the same portfolio, assuming nothing else is changed.
Reborn |
The ability to find closely correlated positions to Reborn Coffee could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reborn Coffee 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 Reborn Coffee - 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 Reborn Coffee to buy it.
Moving together with Reborn Stock
Moving against Reborn Stock
| 0.82 | EXPE | Expedia Group | PairCorr |
| 0.76 | XPOF | Xponential Fitness | PairCorr |
| 0.65 | CZR | Caesars Entertainment | PairCorr |
| 0.63 | MCRI | Monarch Casino Resort | PairCorr |
| 0.62 | GDEN | Golden Entertainment | PairCorr |
| 0.53 | MGM | MGM Resorts International | PairCorr |
| 0.46 | LVS | Las Vegas Sands Financial Report 17th of July 2024 | PairCorr |
| 0.8 | ABNB | AirbnbInc | PairCorr |
| 0.73 | TM | Toyota Motor | PairCorr |
| 0.68 | SBET | Sharplink Gaming | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Reborn Stock performing well and Reborn Coffee 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 Reborn Coffee'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XPOF | 3.79 | 0.06 | 0.02 | 0.10 | 6.26 | 7.52 | 70.83 | |||
| GFF | 1.60 | (0.14) | 0.00 | (0.01) | 0.00 | 2.93 | 11.55 | |||
| KMX | 1.47 | (0.14) | (0.03) | 0.00 | 2.48 | 3.21 | 13.28 | |||
| CSTM | 1.37 | 0.10 | 0.08 | 0.13 | 1.75 | 3.82 | 11.24 | |||
| COHU | 1.65 | (0.13) | (0.04) | (0.01) | 1.92 | 3.02 | 9.42 | |||
| JOUT | 1.25 | (0.34) | 0.00 | (1.25) | 0.00 | 2.07 | 15.51 | |||
| MLCO | 2.08 | (0.01) | 0.00 | 0.06 | 2.76 | 4.14 | 12.90 | |||
| RNXT | 3.65 | 0.04 | 0.01 | 0.11 | 4.91 | 7.50 | 42.62 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Reborn Coffee 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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The danger of trading Reborn Coffee is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Reborn Coffee is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Reborn Coffee. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Reborn Coffee is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Reborn Coffee offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Reborn Coffee's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Reborn Coffee Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Reborn Coffee Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reborn Coffee. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in Reborn Stock, please use our How to Invest in Reborn Coffee guide.Note that the Reborn Coffee information on this page should be used as a complementary analysis to other Reborn Coffee's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Reborn Stock analysis
When running Reborn Coffee's price analysis, check to measure Reborn Coffee's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reborn Coffee is operating at the current time. Most of Reborn Coffee's value examination focuses on studying past and present price action to predict the probability of Reborn Coffee's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reborn Coffee's price. Additionally, you may evaluate how the addition of Reborn Coffee to your portfolios can decrease your overall portfolio volatility.
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Is Reborn Coffee's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reborn Coffee. If investors know Reborn will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reborn Coffee listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.40) | Revenue Per Share 3.6 | Quarterly Revenue Growth 1.09 | Return On Assets (0.28) | Return On Equity (1.36) |
The market value of Reborn Coffee is measured differently than its book value, which is the value of Reborn that is recorded on the company's balance sheet. Investors also form their own opinion of Reborn Coffee's value that differs from its market value or its book value, called intrinsic value, which is Reborn Coffee's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reborn Coffee's market value can be influenced by many factors that don't directly affect Reborn Coffee's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reborn Coffee's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reborn Coffee is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reborn Coffee's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.