Eshallgo Correlations

EHGO Stock

0.86 0.07 8.86%

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

Eshallgo Correlation With Market

Good diversification

The correlation between Eshallgo Class A and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eshallgo Class A and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Eshallgo Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eshallgo Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Eshallgo Stock

0.62

Gartner

Pair Corr

Moving against Eshallgo Stock

0.62	VSAT	ViaSat Inc Buyout Trend	Pair Corr
0.61	LASR	nLIGHT Inc	Pair Corr
0.57	FEIM	Frequency Electronics	Pair Corr
0.55	WDC	Western Digital	Pair Corr
0.47	MINM	Minim Inc Upward Rally	Pair Corr
0.46	VSH	Vishay Intertechnology	Pair Corr
0.39	EXTR	Extreme Networks	Pair Corr
0.78	NA	Nano Labs	Pair Corr
0.7	BOSC	BOS Better Online	Pair Corr
0.64	MU	Micron Technology	Pair Corr
0.63	ON	ON Semiconductor	Pair Corr
0.54	CSCO	Cisco Systems	Pair Corr
0.51	CRSR	Corsair Gaming	Pair Corr
0.5	DIOD	Diodes Incorporated	Pair Corr
0.43	MX	MagnaChip Semiconductor	Pair Corr
0.32	KD	Kyndryl Holdings	Pair Corr
0.58	AMD	Advanced Micro Devices	Pair Corr
0.49	ARM	Arm Holdings plc	Pair Corr

Related Correlations Analysis

	CAPNU	NCMI	MGNI	IPCXU	INN	QNST	IPG	AMP
CAPNU		-0.31	-0.04	-0.69	-0.19	-0.22	0.19	0.2	CAPNU
NCMI	-0.31		-0.83	0.08	-0.48	0.42	0.02	-0.79	NCMI
MGNI	-0.04	-0.83		0.13	0.72	-0.28	0.03	0.9	MGNI
IPCXU	-0.69	0.08	0.13		0.33	-0.31	-0.32	-0.05	IPCXU
INN	-0.19	-0.48	0.72	0.33		0.01	0.39	0.7	INN
QNST	-0.22	0.42	-0.28	-0.31	0.01		0.52	-0.23	QNST
IPG	0.19	0.02	0.03	-0.32	0.39	0.52		0.2	IPG
AMP	0.2	-0.79	0.9	-0.05	0.7	-0.23	0.2		AMP
	CAPNU	NCMI	MGNI	IPCXU	INN	QNST	IPG	AMP

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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

AMP	+ 0.9	MGNI
INN	+ 0.72	MGNI
AMP	+ 0.7	INN
IPG	+ 0.52	QNST
QNST	+ 0.42	NCMI
IPG	+ 0.39	INN

High negative correlations

MGNI	- 0.83	NCMI
AMP	- 0.79	NCMI
IPCXU	- 0.69	CAPNU
INN	- 0.48	NCMI
IPG	- 0.32	IPCXU
QNST	- 0.31	IPCXU

Risk-Adjusted Indicators

There is a big difference between Eshallgo Stock performing well and Eshallgo 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 Eshallgo'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
CAPNU	0.25	(0.02)	0.00	(2.65)	0.00	0.00	0.00	0.00	16.03
NCMI	2.14	(0.31)	0.00	(0.42)	0.00	0.00	3.75	(4.62)	18.36
MGNI	3.25	1.09	0.27	0.64	3.25	(3.94)	12.42	(4.28)	30.59
IPCXU	0.33	0.10	(0.02)	(2.24)	0.00	(0.49)	0.86	(0.67)	2.90
INN	2.69	(0.09)	0.00	0.06	4.29	(2.66)	6.05	(5.17)	22.39
QNST	2.28	(0.19)	0.00	(0.06)	0.00	0.00	4.47	(4.83)	23.01
IPG	1.70	(0.18)	0.00	(0.06)	0.00	0.00	2.99	(3.74)	16.40
AMP	1.39	0.06	0.04	0.14	2.25	(1.44)	2.96	(2.89)	14.51

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