SHF Holdings Correlations

SHFSW Stock

USD 0.02 0.0002 0.96%

The current 90-days correlation between SHF Holdings and IPG Photonics is -0.04 (i.e., Good diversification). The correlation of SHF 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.

SHF Holdings Correlation With Market

Good diversification

The correlation between SHF Holdings 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 SHF Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SHF Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SHF Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy SHF Stock please use our How to Invest in SHF Holdings guide.

Moving against SHF Stock

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0.41	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
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0.38	AX	Axos Financial	Pair Corr
0.38	RF	Regions Financial Buyout Trend	Pair Corr
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0.35	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.35	CFG-PE	Citizens Financial	Pair Corr
0.34	TECTP	Tectonic Financial	Pair Corr
0.32	KB	KB Financial Group Earnings Call Tomorrow	Pair Corr
0.32	TFC-PO	Truist Financial	Pair Corr
0.43	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.43	WSBC	WesBanco	Pair Corr
0.42	WTFC	Wintrust Financial	Pair Corr
0.39	WABC	Westamerica Bancorporation	Pair Corr
0.38	WSFS	WSFS Financial Earnings Call This Week	Pair Corr
0.36	KEY-PL	KeyCorp Earnings Call This Week	Pair Corr
0.35	EQBK	Equity Bancshares,	Pair Corr
0.34	WASH	Washington Trust Bancorp Earnings Call Tomorrow	Pair Corr
0.33	WAFD	Washington Federal	Pair Corr
0.33	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.32	WNEB	Western New England Earnings Call This Week	Pair Corr
0.32	WTBA	West Bancorporation Earnings Call This Week	Pair Corr
0.32	FBNC	First Bancorp Earnings Call This Week	Pair Corr
0.31	FCBC	First Community Banc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	IPGP	TSEM	QRVO	NTES	GFS	ARM
IPGP		0.93	0.96	0.9	0.91	0.88	IPGP
TSEM	0.93		0.91	0.83	0.89	0.87	TSEM
QRVO	0.96	0.91		0.89	0.93	0.92	QRVO
NTES	0.9	0.83	0.89		0.76	0.92	NTES
GFS	0.91	0.89	0.93	0.76		0.84	GFS
ARM	0.88	0.87	0.92	0.92	0.84		ARM
	IPGP	TSEM	QRVO	NTES	GFS	ARM

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Risk-Adjusted Indicators

There is a big difference between SHF Stock performing well and SHF 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 SHF 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
IPGP	1.80	0.27	0.12	0.28	2.43	(1.86)	3.78	(2.94)	18.19
TSEM	2.06	0.42	0.21	0.57	1.60	(2.44)	6.04	(2.76)	11.00
QRVO	1.55	0.48	0.33	0.53	1.01	(1.85)	3.78	(2.31)	17.45
NTES	1.39	0.42	0.28	0.78	0.94	(1.73)	2.85	(2.29)	17.19
GFS	1.69	0.11	0.08	0.21	1.77	(1.94)	4.42	(3.01)	10.76
ARM	2.23	0.42	0.21	0.38	2.04	(2.65)	5.34	(3.87)	13.27

SHF Holdings Corporate Management

Donald Emmi	Chief Officer	Profile
Terrance Mendez	Chief Officer	Profile
Jeffrey Kay	Senior Marketing	Profile
Michael Regan	Head Science	Profile
Terry Mendez	Chief Officer	Profile

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