SUPER HI Correlations

HDL Stock

18.32 0.32 1.78%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SUPER HI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SUPER HI INTERNATIONAL moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SUPER HI Correlation With Market

Average diversification

The correlation between SUPER HI INTERNATIONAL and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SUPER HI INTERNATIONAL and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SUPER Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SUPER HI 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 consumer price index.

Moving together with SUPER Stock

0.72	SG	Sweetgreen	Pair Corr
0.83	DKNG	DraftKings Aggressive Push	Pair Corr
0.71	AEG	Aegis Brands	Pair Corr
0.63	CDROW	Codere Online Luxembourg	Pair Corr
0.64	YNGA	Young CoS Brewery	Pair Corr
0.64	RBA	Restaurant Brands Asia	Pair Corr
0.64	WING	Wingstop	Pair Corr
0.69	FLUT	Flutter Entertainment plc	Pair Corr
0.64	BYD	Boyd Gaming	Pair Corr
0.71	CZR	Caesars Entertainment	Pair Corr
0.83	DPZ	Dominos Pizza Common	Pair Corr
0.78	DRI	Darden Restaurants	Pair Corr
0.73	EAT	Brinker International	Pair Corr
0.78	FLL	Full House Resorts	Pair Corr

Moving against SUPER Stock

0.61	PC	Premium Catering	Pair Corr
0.61	QSR	Restaurant Brands	Pair Corr
0.6	VARE	Various Eateries PLC	Pair Corr
0.55	DNUT	Krispy Kreme	Pair Corr
0.53	VSTA	Vasta Platform	Pair Corr
0.51	FSTA	Fuller Smith Turner	Pair Corr
0.43	BDL	Flanigans Enterprises	Pair Corr
0.4	AGH	Aureus Greenway Holdings	Pair Corr
0.39	BH	Biglari Holdings	Pair Corr
0.54	QSR	Restaurant Brands	Pair Corr
0.46	LVS	Las Vegas Sands	Pair Corr

Related Correlations Analysis

	ABVG	CSGU	HKBV	CRHKF	JDSPY
ABVG		0.0	0.0	0.0	0.0	ABVG
CSGU	0.0		0.0	0.0	0.0	CSGU
HKBV	0.0	0.0		0.0	0.0	HKBV
CRHKF	0.0	0.0	0.0		-0.1	CRHKF
JDSPY	0.0	0.0	0.0	-0.1		JDSPY
	ABVG	CSGU	HKBV	CRHKF	JDSPY

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

CSGU	+ 0.0	ABVG
HKBV	+ 0.0	ABVG
CRHKF	+ 0.0	ABVG
JDSPY	+ 0.0	ABVG
HKBV	+ 0.0	CSGU
CRHKF	+ 0.0	CSGU

High negative correlations

JDSPY	- 0.1	CRHKF
JDSPY	- 0.0	HKBV
CRHKF	- 0.0	HKBV
JDSPY	- 0.0	CSGU
CRHKF	- 0.0	CSGU
HKBV	- 0.0	CSGU

Risk-Adjusted Indicators

There is a big difference between SUPER Stock performing well and SUPER HI 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 SUPER HI'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ABVG	0.00	0.00	0.00	0.00	0.00	0.00
CSGU	0.00	0.00	0.00	0.00	0.00	0.00
HKBV	0.00	0.00	0.00	0.00	0.00	0.00
CRHKF	0.26	(0.02)	0.78	0.00	(1.50)	7.01
JDSPY	2.82	(0.25)	(0.27)	6.19	(6.25)	16.00

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