Shonghoya Intl Correlations

SNHO Stock

USD 0.07 0.00 0.00%

The current 90-days correlation between Shonghoya Intl Group and Microsoft is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shonghoya Intl moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shonghoya Intl Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Shonghoya Intl Correlation With Market

Average diversification

The correlation between Shonghoya Intl Group and NYA is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shonghoya Intl Group and NYA in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Shonghoya Intl could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shonghoya Intl 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 Shonghoya Intl - 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 Shonghoya Intl Group to buy it.

Moving together with Shonghoya Pink Sheet

0.72	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.65	AMZN	Amazon Inc Sell-off Trend	Pair Corr
0.78	AA	Alcoa Corp Financial Report 17th of July 2024	Pair Corr
0.82	MMM	3M Company Financial Report 23rd of July 2024	Pair Corr
0.61	AXP	American Express Financial Report 19th of July 2024	Pair Corr
0.65	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.84	GE	GE Aerospace Financial Report 23rd of July 2024	Pair Corr
0.83	XOM	Exxon Mobil Corp Financial Report 26th of July 2024	Pair Corr
0.75	BAC	Bank of America Sell-off Trend	Pair Corr

Moving against Shonghoya Pink Sheet

0.75	JNJ	Johnson Johnson Financial Report 18th of July 2024	Pair Corr
0.72	BA	Boeing Financial Report 24th of July 2024	Pair Corr
0.58	HD	Home Depot	Pair Corr
0.46	IBM	International Business Financial Report 17th of July 2024	Pair Corr
0.38	BMYMP	Bristol Myers Squibb	Pair Corr

Related Correlations Analysis

	MSFT	AAPL	NVDA	GOOG	BMYMP	AMZN	META
MSFT		0.6	0.68	0.41	-0.27	0.48	0.5	MSFT
AAPL	0.6		0.79	0.65	-0.67	0.37	-0.06	AAPL
NVDA	0.68	0.79		0.65	-0.59	0.41	0.11	NVDA
GOOG	0.41	0.65	0.65		-0.73	0.68	-0.35	GOOG
BMYMP	-0.27	-0.67	-0.59	-0.73		-0.49	0.46	BMYMP
AMZN	0.48	0.37	0.41	0.68	-0.49		0.11	AMZN
META	0.5	-0.06	0.11	-0.35	0.46	0.11		META
	MSFT	AAPL	NVDA	GOOG	BMYMP	AMZN	META

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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

NVDA	+ 0.79	AAPL
NVDA	+ 0.68	MSFT
AMZN	+ 0.68	GOOG
GOOG	+ 0.65	AAPL
GOOG	+ 0.65	NVDA
AAPL	+ 0.6	MSFT

High negative correlations

BMYMP	- 0.73	GOOG
BMYMP	- 0.67	AAPL
BMYMP	- 0.59	NVDA
AMZN	- 0.49	BMYMP
META	- 0.35	GOOG
BMYMP	- 0.27	MSFT

Risk-Adjusted Indicators

There is a big difference between Shonghoya Pink Sheet performing well and Shonghoya Intl 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 Shonghoya Intl'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
MSFT	1.04	0.12	0.07	0.17	1.37	(1.05)	2.22	(2.45)	6.62
AAPL	1.25	0.22	0.12	0.36	1.47	(1.30)	2.86	(2.11)	8.39
NVDA	2.90	1.05	0.35	0.92	2.52	(3.59)	6.98	(3.87)	26.41
GOOG	1.41	0.31	0.16	0.36	1.63	(1.47)	2.70	(2.83)	15.17
BMYMP	2.52	(0.32)	0.00	(0.42)	0.00	0.00	6.34	(7.19)	29.78
AMZN	1.16	0.10	0.08	0.15	1.19	(1.34)	2.82	(2.30)	6.13
META	1.61	0.10	0.04	0.11	2.43	(1.65)	3.24	(2.69)	14.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Shonghoya Intl 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.

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Shonghoya Intl Corporate Management

ZhaoHua Meng	G Mang	Profile
YingKuei Tseng	Chief Officer	Profile
YuMin Wu	CEO Director	Profile
TsenLin Yang	Audit Associate	Profile
WenChun Chen	Chairman Pres	Profile

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