HomesToLife Correlations

HTLM Stock   2.01  0.10  4.74%   
The current 90-days correlation between HomesToLife and ClearSign Combustion is -0.24 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HomesToLife moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HomesToLife moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

HomesToLife Correlation With Market

Very good diversification

The correlation between HomesToLife and DJI is -0.47 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HomesToLife and DJI in the same portfolio, assuming nothing else is changed.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HomesToLife. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in HomesToLife Stock, please use our How to Invest in HomesToLife guide.

Moving together with HomesToLife Stock

  0.7DNLM Dunelm Group PLCPairCorr
  0.75ARHS Arhaus IncPairCorr
  0.88MDM Maisons du Monde Earnings Call This WeekPairCorr
  0.66STI Solidion TechnologyPairCorr

Moving against HomesToLife Stock

  0.84DSK Dusk GroupPairCorr
  0.66WSM Williams SonomaPairCorr
  0.61SNCF Sanarco FundsPairCorr
  0.87NI NiSourcePairCorr
  0.85AL Air Lease Sell-off TrendPairCorr
  0.85KW Kennedy Wilson Holdings Sell-off TrendPairCorr
  0.82JACS Jackson AcquisitionPairCorr
  0.82MRK Merck CompanyPairCorr
  0.77EOG EOG ResourcesPairCorr
  0.76GILD Gilead SciencesPairCorr
  0.73LH LaboratoryPairCorr
  0.71UMC United MicroelectronicsPairCorr
  0.56BIMT Bitmis Corp Tech BoostPairCorr
  0.49BFC Bank First NationalPairCorr
  0.88CSTM Constellium NvPairCorr
  0.85WAB Westinghouse Air BrakePairCorr
  0.82SLB Schlumberger NVPairCorr
  0.78BESVF BE Semiconductor IndPairCorr

Related Correlations Analysis


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

APTAP
APTBRIA
ADSELASE
APBRIA
DPROCLIR
ADSEFLUX
  

High negative correlations

APLASE
APTLASE
LASEBRIA
APTADSE
ADSEBRIA
APADSE

Risk-Adjusted Indicators

There is a big difference between HomesToLife Stock performing well and HomesToLife 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 HomesToLife'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BRIA  2.00  0.20  0.07 (1.10) 2.29 
 5.81 
 14.02 
CLIR  4.24 (0.27) 0.00  0.37  0.00 
 8.20 
 37.67 
LASE  6.27 (0.96) 0.00  0.40  0.00 
 10.26 
 52.28 
FLUX  4.94  0.08  0.01  0.02  5.81 
 13.45 
 31.70 
ADSE  2.57 (0.05) 0.00  1.43  0.00 
 5.43 
 16.28 
SPCB  3.09 (0.12) 0.00  0.11  0.00 
 6.32 
 14.80 
DPRO  5.35  0.18  0.03  0.06  6.60 
 12.21 
 37.78 
AP  4.63  1.98  0.47  1.04  3.39 
 11.80 
 25.07 
IPWR  5.28  0.16  0.02  0.13  6.34 
 11.14 
 38.33 
APT  1.55  0.23  0.12  0.72  1.51 
 4.02 
 12.57