Onfolio Holdings Correlations
| ONFOW Stock | USD 0.12 0.02 14.29% |
The current 90-days correlation between Onfolio Holdings Warrant and Onfolio Holdings is 0.33 (i.e., Weak diversification). The correlation of Onfolio Holdings 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.
Onfolio Holdings Correlation With Market
Good diversification
The correlation between Onfolio Holdings Warrant 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 Onfolio Holdings Warrant and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Onfolio Stock
Moving against Onfolio Stock
| 0.95 | GRPN | Groupon | PairCorr |
| 0.91 | TME | Tencent Music Entert | PairCorr |
| 0.9 | WB | Weibo Corp | PairCorr |
| 0.83 | TC | TuanChe ADR | PairCorr |
| 0.82 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.82 | IZEA | IZEA Inc | PairCorr |
| 0.81 | MAX | MediaAlpha | PairCorr |
| 0.81 | TEM | Tempus AI, Class | PairCorr |
| 0.71 | FVRR | Fiverr International | PairCorr |
| 0.69 | ZDGE | Zedge Inc | PairCorr |
| 0.59 | GITS | Global Interactive Symbol Change | PairCorr |
| 0.56 | ZG | Zillow Group | PairCorr |
| 0.34 | IAC | IAC Inc | PairCorr |
| 0.94 | NBIS | Nebius Group NV Symbol Change | PairCorr |
| 0.93 | JOYY | JOYY Inc Symbol Change | PairCorr |
| 0.93 | MATH | Metalpha Technology | PairCorr |
| 0.9 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.87 | JFIN | Jiayin Group Downward Rally | PairCorr |
| 0.85 | MOMO | Hello Group | PairCorr |
| 0.85 | PINS | Pinterest Aggressive Push | PairCorr |
| 0.83 | GOOGL | Alphabet Class A Aggressive Push | PairCorr |
| 0.78 | OPRA | Opera | PairCorr |
| 0.76 | NRDS | Nerdwallet | PairCorr |
| 0.74 | KRKR | 36Kr Holdings | PairCorr |
| 0.71 | ANGI | ANGI Homeservices | PairCorr |
Related Correlations Analysis
| -0.26 | 0.0 | 0.05 | 0.24 | ONFO | ||
| -0.26 | 0.0 | -0.26 | 0.34 | JFBRW | ||
| 0.0 | 0.0 | 0.0 | 0.0 | GROMW | ||
| 0.05 | -0.26 | 0.0 | 0.23 | SOUNW | ||
| 0.24 | 0.34 | 0.0 | 0.23 | ISPOW | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Onfolio Stock performing well and Onfolio Holdings 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 Onfolio Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ONFO | 3.53 | (0.09) | 0.00 | (0.02) | 0.00 | 5.43 | 46.76 | |||
| JFBRW | 14.84 | 3.64 | 0.18 | (1.30) | 14.52 | 32.91 | 99.22 | |||
| GROMW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SOUNW | 4.92 | (0.07) | 0.00 | 0.02 | 5.06 | 11.93 | 38.43 | |||
| ISPOW | 4.45 | 0.51 | 0.03 | 1.14 | 5.77 | 12.50 | 50.00 |
Onfolio Holdings Corporate Executives
Elected by the shareholders, the Onfolio Holdings' board of directors comprises two types of representatives: Onfolio Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Onfolio. The board's role is to monitor Onfolio Holdings' management team and ensure that shareholders' interests are well served. Onfolio Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Onfolio Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joel Sacks | Founder | Profile |