Golden Heaven Correlations

GDHG Stock

0.63 0.07 10.00%

The current 90-days correlation between Golden Heaven Group and 51Talk Online Education is -0.15 (i.e., Good diversification). The correlation of Golden Heaven 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.

Golden Heaven Correlation With Market

Modest diversification

The correlation between Golden Heaven Group and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golden Heaven Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Golden Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Heaven Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Golden Stock

0.65	AEO	American Eagle Outfitters	Pair Corr
0.88	TOY	Toys R ANZ	Pair Corr

Moving against Golden Stock

0.93	BKE	Buckle Inc	Pair Corr
0.91	FL	Foot Locker Sell-off Trend	Pair Corr
0.89	RRR	Red Rock Resorts	Pair Corr
0.85	RL	Ralph Lauren Corp	Pair Corr
0.84	EPSM	Epsium Enterprise	Pair Corr
0.83	VUZI	Vuzix Corp Cmn	Pair Corr
0.78	FOSL	Fossil Group	Pair Corr
0.72	HVT	Haverty Furniture Earnings Call This Week	Pair Corr
0.7	ANF	Abercrombie Fitch	Pair Corr
0.59	GES	Guess Inc	Pair Corr
0.57	LEG	Leggett Platt Earnings Call This Week	Pair Corr
0.5	BBY	Best Buy	Pair Corr
0.39	FND	Floor Decor Holdings Earnings Call This Week	Pair Corr
0.95	GRPN	Groupon	Pair Corr
0.94	URBN	Urban Outfitters	Pair Corr
0.88	UAA	Under Armour A Aggressive Push	Pair Corr
0.74	GPRO	GoPro Inc Buyout Trend	Pair Corr
0.71	SCVL	Shoe Carnival	Pair Corr
0.7	ARHS	Arhaus Inc	Pair Corr
0.65	SONO	Sonos Inc	Pair Corr
0.57	VVA	Viva Leisure	Pair Corr
0.41	RFG	Retail Food Group	Pair Corr
0.36	SONY	Sony Group Corp	Pair Corr
0.34	TPH	TRI Pointe Homes Earnings Call Today	Pair Corr
0.83	JPM	JPMorgan Chase	Pair Corr
0.67	LTRY	Lottery, Common Stock	Pair Corr
0.63	INBX	Inhibrx Biosciences,	Pair Corr
0.56	LNDNF	Lundin Energy AB	Pair Corr
0.53	OLI	Olivers Real Food Earnings Call This Week	Pair Corr
0.5	GITS	Global Interactive Symbol Change	Pair Corr

Related Correlations Analysis

	NE	PDS	ODFL	BRDLF	SDRL	BORR	COE	AKTAF
NE		0.87	0.53	0.51	0.96	0.73	0.87	0.89	NE
PDS	0.87		0.38	0.61	0.89	0.78	0.84	0.84	PDS
ODFL	0.53	0.38		0.38	0.58	0.19	0.41	0.42	ODFL
BRDLF	0.51	0.61	0.38		0.66	0.34	0.55	0.54	BRDLF
SDRL	0.96	0.89	0.58	0.66		0.72	0.87	0.85	SDRL
BORR	0.73	0.78	0.19	0.34	0.72		0.59	0.62	BORR
COE	0.87	0.84	0.41	0.55	0.87	0.59		0.91	COE
AKTAF	0.89	0.84	0.42	0.54	0.85	0.62	0.91		AKTAF
	NE	PDS	ODFL	BRDLF	SDRL	BORR	COE	AKTAF

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Risk-Adjusted Indicators

There is a big difference between Golden Stock performing well and Golden Heaven 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 Golden Heaven'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
NE	1.96	0.45	0.18	0.83	1.70	(2.33)	5.09	(3.29)	11.80
PDS	1.84	0.26	0.04	13.10	1.84	(2.04)	4.29	(3.60)	11.40
ODFL	1.74	0.20	(0.02)	(0.26)	2.19	(1.87)	3.79	(3.27)	15.17
BRDLF	0.01	0.00	0.00	(0.74)	0.00	0.00	0.00	0.00	0.40
SDRL	2.23	0.60	0.22	1.61	1.75	(2.59)	6.39	(3.64)	13.86
BORR	3.24	0.06	0.00	0.26	3.25	(4.29)	7.30	(6.08)	15.40
COE	3.02	0.92	0.20	1.02	3.31	(3.57)	8.91	(7.55)	24.60
AKTAF	1.69	0.43	0.09	(1.80)	1.77	(2.55)	4.20	(2.94)	10.02

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