Top Win Correlations

SORA Stock

5.27 0.05 0.96%

The current 90-days correlation between Top Win International and MEDIFAST INC is -0.02 (i.e., Good diversification). The correlation of Top Win 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.

Top Win Correlation With Market

Average diversification

The correlation between Top Win International and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Top Win International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Top Stock

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

Moving against Top Stock

0.31

APRU

Apple Rush

Pair Corr

Related Correlations Analysis

	MED	BARK	EMPG	BSET	VRM	LIDR	LAZR	SNBR	RDNW
MED		0.34	-0.17	0.48	0.38	0.18	0.03	0.29	0.42	MED
BARK	0.34		-0.44	0.39	0.19	0.21	0.07	0.34	-0.13	BARK
EMPG	-0.17	-0.44		-0.5	-0.35	-0.28	-0.5	-0.69	0.61	EMPG
BSET	0.48	0.39	-0.5		0.43	0.28	-0.04	0.72	0.01	BSET
VRM	0.38	0.19	-0.35	0.43		-0.21	-0.01	0.62	0.16	VRM
LIDR	0.18	0.21	-0.28	0.28	-0.21		0.37	-0.07	-0.4	LIDR
LAZR	0.03	0.07	-0.5	-0.04	-0.01	0.37		-0.11	-0.59	LAZR
SNBR	0.29	0.34	-0.69	0.72	0.62	-0.07	-0.11		-0.09	SNBR
RDNW	0.42	-0.13	0.61	0.01	0.16	-0.4	-0.59	-0.09		RDNW
	MED	BARK	EMPG	BSET	VRM	LIDR	LAZR	SNBR	RDNW

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

SNBR	+ 0.72	BSET
SNBR	+ 0.62	VRM
RDNW	+ 0.61	EMPG
BSET	+ 0.48	MED
VRM	+ 0.43	BSET
RDNW	+ 0.42	MED

High negative correlations

SNBR	- 0.69	EMPG
RDNW	- 0.59	LAZR
LAZR	- 0.5	EMPG
BSET	- 0.5	EMPG
EMPG	- 0.44	BARK
RDNW	- 0.4	LIDR

Risk-Adjusted Indicators

There is a big difference between Top Stock performing well and Top Win 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 Top Win'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
MED	1.47	(0.33)	0.00	(0.15)	0.00	0.00	3.11	(3.26)	11.17
BARK	2.51	(0.40)	0.00	(0.06)	0.00	0.00	6.10	(4.55)	18.39
EMPG	4.88	2.89	0.50	(26.00)	2.83	(6.63)	16.54	(3.36)	33.89
BSET	1.88	(0.23)	0.00	(0.13)	0.00	0.00	4.54	(4.17)	17.36
VRM	2.89	(0.21)	0.00	(0.05)	0.00	0.00	5.89	(6.26)	17.36
LIDR	5.12	(0.40)	0.00	(0.56)	0.00	0.00	11.37	(12.85)	31.51
LAZR	5.02	(0.72)	0.00	(0.09)	0.00	0.00	12.90	(8.48)	27.51
SNBR	3.85	(0.66)	0.00	(0.10)	0.00	0.00	7.70	(7.78)	28.40
RDNW	4.49	0.50	0.17	0.17	4.25	(5.34)	9.94	(8.45)	71.06

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