YY Group Correlations
| YYGH Stock | 2.58 0.14 5.74% |
The current 90-days correlation between YY Group Holding and Aehr Test Systems is -0.14 (i.e., Good diversification). The correlation of YY Group 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.
YY Group Correlation With Market
Significant diversification
The correlation between YY Group Holding and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YY Group Holding and DJI in the same portfolio, assuming nothing else is changed.
Moving together with YYGH Stock
| 0.77 | DLHC | DLH Holdings Corp | PairCorr |
| 0.67 | VLTO | Veralto | PairCorr |
| 0.87 | ESGL | ESGL Holdings Limited | PairCorr |
| 0.91 | WLDN | Willdan Group | PairCorr |
| 0.62 | ACU | Acme United | PairCorr |
| 0.77 | BTM | Bitcoin Depot | PairCorr |
| 0.65 | CLH | Clean Harbors | PairCorr |
| 0.84 | FOUR | Shift4 Payments | PairCorr |
| 0.77 | DLX | Deluxe | PairCorr |
Moving against YYGH Stock
| 0.79 | NL | NL Industries | PairCorr |
| 0.79 | VCIG | VCI Global Limited | PairCorr |
| 0.61 | VIRC | Virco Manufacturing | PairCorr |
| 0.61 | EXPO | Exponent Earnings Call This Week | PairCorr |
| 0.46 | EXLS | ExlService Holdings | PairCorr |
| 0.41 | WM | Waste Management Earnings Call This Week | PairCorr |
| 0.39 | MG | Mistras Group | PairCorr |
| 0.37 | AWX | Avalon Holdings | PairCorr |
| 0.76 | KBR | KBR Inc Earnings Call This Week | PairCorr |
| 0.7 | GEO | Geo Group | PairCorr |
| 0.46 | CXW | CoreCivic | PairCorr |
Related Correlations Analysis
| 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 YYGH Stock performing well and YY Group 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 YY Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ADI | 1.31 | 0.31 | 0.25 | 0.38 | 0.92 | 3.01 | 12.17 | |||
| CSXXY | 2.04 | 0.34 | 0.04 | (1.00) | 2.25 | 8.04 | 18.80 | |||
| NDCVF | 1.46 | 0.54 | 0.11 | (6.28) | 1.14 | 5.76 | 14.65 | |||
| CMPR | 1.96 | (0.14) | (0.02) | 0.04 | 2.87 | 3.91 | 11.77 | |||
| AEHR | 3.64 | 0.70 | 0.21 | 0.43 | 3.52 | 9.25 | 26.55 | |||
| GLBE | 1.87 | (0.11) | (0.01) | 0.06 | 3.75 | 3.91 | 28.78 | |||
| STM | 2.00 | 0.55 | 0.37 | 0.52 | 1.09 | 5.42 | 13.58 | |||
| MGNI | 2.61 | 1.33 | 0.64 | 1.32 | 1.09 | 8.65 | 24.07 |