Eshallgo Correlations

EHGO Stock

0.74 0.08 12.12%

The current 90-days correlation between Eshallgo Class A and Data IO is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eshallgo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eshallgo Class A moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eshallgo Correlation With Market

Average diversification

The correlation between Eshallgo Class A and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eshallgo Class A and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Eshallgo Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eshallgo Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Eshallgo Stock

0.74	WBX	Wallbox NV	Pair Corr
0.64	NTGR	NETGEAR	Pair Corr
0.74	STAI	ScanTech AI Systems	Pair Corr
0.66	ZM	Zoom Video Communications Tech Boost	Pair Corr

Moving against Eshallgo Stock

0.89	WDC	Western Digital	Pair Corr
0.85	CLS	Celestica	Pair Corr
0.79	JBL	Jabil Circuit	Pair Corr
0.79	LPL	LG Display	Pair Corr
0.77	LASR	nLIGHT Inc	Pair Corr
0.75	BDC	Belden Inc	Pair Corr
0.75	GLW	Corning Incorporated	Pair Corr
0.53	ROG	Rogers	Pair Corr
0.39	KODK	Eastman Kodak	Pair Corr
0.34	EBON	Ebang International	Pair Corr
0.34	VSH	Vishay Intertechnology	Pair Corr
0.32	ELTK	Eltek	Pair Corr
0.8	UMAC	Unusual Machines,	Pair Corr
0.73	AAPL	Apple Inc	Pair Corr
0.67	BOSC	BOS Better Online	Pair Corr
0.63	MU	Micron Technology	Pair Corr
0.56	MI	NFT Limited	Pair Corr
0.5	OPTXW	Syntec Optics Holdings	Pair Corr
0.44	CODA	Coda Octopus Group	Pair Corr
0.42	ON	ON Semiconductor	Pair Corr
0.37	VRRM	Verra Mobility Corp	Pair Corr
0.37	ELWS	Earlyworks Co,	Pair Corr

Related Correlations Analysis

	ALNT	DAIO	ELSE	KTCC	LPTH	MEI	NSYS	OSIS	TAIT
ALNT		0.69	0.81	-0.22	0.41	-0.46	-0.34	0.14	-0.38	ALNT
DAIO	0.69		0.69	0.01	0.31	-0.57	-0.55	-0.01	-0.22	DAIO
ELSE	0.81	0.69		-0.03	0.14	-0.43	-0.22	0.09	-0.05	ELSE
KTCC	-0.22	0.01	-0.03		0.02	-0.05	0.21	0.06	0.3	KTCC
LPTH	0.41	0.31	0.14	0.02		-0.33	-0.14	0.09	-0.6	LPTH
MEI	-0.46	-0.57	-0.43	-0.05	-0.33		0.46	0.33	0.39	MEI
NSYS	-0.34	-0.55	-0.22	0.21	-0.14	0.46		0.26	0.43	NSYS
OSIS	0.14	-0.01	0.09	0.06	0.09	0.33	0.26		-0.24	OSIS
TAIT	-0.38	-0.22	-0.05	0.3	-0.6	0.39	0.43	-0.24		TAIT
	ALNT	DAIO	ELSE	KTCC	LPTH	MEI	NSYS	OSIS	TAIT

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

ELSE	+ 0.81	ALNT
DAIO	+ 0.69	ALNT
ELSE	+ 0.69	DAIO
NSYS	+ 0.46	MEI
TAIT	+ 0.43	NSYS
LPTH	+ 0.41	ALNT

High negative correlations

TAIT	- 0.6	LPTH
MEI	- 0.57	DAIO
NSYS	- 0.55	DAIO
MEI	- 0.46	ALNT
MEI	- 0.43	ELSE
TAIT	- 0.38	ALNT

Risk-Adjusted Indicators

There is a big difference between Eshallgo Stock performing well and Eshallgo 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 Eshallgo'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
ALNT	1.88	0.48	0.27	0.39	1.61	(2.15)	4.58	(3.14)	11.92
DAIO	1.90	0.31	0.03	(0.29)	2.71	(2.25)	4.81	(2.92)	19.18
ELSE	1.91	0.22	0.08	0.43	1.96	(2.35)	3.43	(3.39)	20.20
KTCC	1.72	(0.18)	0.00	(0.03)	0.00	0.00	4.45	(3.53)	8.56
LPTH	3.67	0.94	0.19	(1.94)	3.16	(4.80)	10.96	(5.08)	22.51
MEI	2.59	(0.15)	0.01	0.07	5.20	(2.55)	5.54	(3.61)	31.68
NSYS	1.68	(0.07)	0.00	(0.04)	0.00	0.00	3.57	(3.66)	12.75
OSIS	1.53	(0.14)	(0.02)	0.05	2.07	(1.60)	4.00	(2.85)	12.14
TAIT	0.83	(0.08)	0.00	2.49	0.00	0.00	1.93	(1.41)	4.94

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