MoneyHero Limited Correlations

MNY Stock

1.67 0.17 11.33%

The current 90-days correlation between MoneyHero Limited Class and Eastern Co is -0.06 (i.e., Good diversification). The correlation of MoneyHero Limited 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. If the correlation is 0, the equities are not correlated; they are entirely random.

MoneyHero Limited Correlation With Market

Good diversification

The correlation between MoneyHero Limited Class and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MoneyHero Limited Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MoneyHero Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MoneyHero Limited Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with MoneyHero Stock

0.72	Z	Zillow Group Class	Pair Corr
0.68	ZG	Zillow Group	Pair Corr
0.79	ZH	Zhihu Inc ADR	Pair Corr
0.64	DOYU	DouYu International	Pair Corr
0.65	IAC	IAC Inc	Pair Corr
0.67	GITS	Global Interactive Symbol Change	Pair Corr
0.88	MNYWW	MoneyHero Limited	Pair Corr
0.62	KIND	Nextdoor Holdings	Pair Corr

Moving against MoneyHero Stock

0.76	GIFT	RDE, Inc Symbol Change	Pair Corr
0.47	SEATW	Vivid Seats Warrant	Pair Corr
0.36	DJT	Trump Media Technology	Pair Corr
0.36	FVRR	Fiverr International	Pair Corr
0.36	DJTWW	Trump Media Technology	Pair Corr
0.4	RMSG	Real Messenger	Pair Corr

Related Correlations Analysis

	URI	AL	DEI	MATV	EML	HNI	SHOO	MGRC
URI		0.54	0.73	0.7	0.63	0.74	0.55	0.69	URI
AL	0.54		0.7	0.83	0.9	0.89	0.9	0.92	AL
DEI	0.73	0.7		0.91	0.7	0.91	0.66	0.82	DEI
MATV	0.7	0.83	0.91		0.76	0.96	0.76	0.9	MATV
EML	0.63	0.9	0.7	0.76		0.84	0.84	0.88	EML
HNI	0.74	0.89	0.91	0.96	0.84		0.85	0.95	HNI
SHOO	0.55	0.9	0.66	0.76	0.84	0.85		0.88	SHOO
MGRC	0.69	0.92	0.82	0.9	0.88	0.95	0.88		MGRC
	URI	AL	DEI	MATV	EML	HNI	SHOO	MGRC

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Risk-Adjusted Indicators

There is a big difference between MoneyHero Stock performing well and MoneyHero Limited 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 MoneyHero Limited'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
URI	1.37	0.53	0.32	1.79	0.80	(1.62)	3.38	(2.12)	12.95
AL	1.17	0.35	0.27	0.52	0.72	(1.34)	3.27	(1.76)	10.57
DEI	1.38	0.04	0.04	0.16	1.48	(1.54)	3.33	(2.36)	7.68
MATV	2.75	0.42	0.21	0.32	2.26	(3.61)	7.56	(4.42)	16.14
EML	1.91	(0.02)	(0.02)	0.10	2.44	(1.94)	3.50	(3.18)	14.34
HNI	1.36	0.14	0.13	0.25	1.18	(1.66)	3.58	(2.51)	8.64
SHOO	2.73	0.11	0.11	0.18	2.46	(3.42)	6.31	(3.77)	23.15
MGRC	1.27	(0.01)	(0.01)	0.12	1.34	(1.35)	2.35	(2.51)	6.36

MoneyHero Limited Corporate Management

Ka Leung	Interim Finance	Profile
Nawaz Imam	Group Development	Profile
Shravan Thakur	Chief Officer	Profile
Francois Picard	Group Operations	Profile
Hao Qian	Chief Officer	Profile

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