Hanryu Holdings Correlations
| HRYU Stock | 0.54 0.01 1.89% |
The correlation of Hanryu Holdings 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hanryu Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanryu Holdings Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Hanryu Holdings Common and NYA is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hanryu Holdings Common and NYA in the same portfolio, assuming nothing else is changed.
Hanryu |
The ability to find closely correlated positions to Hanryu Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanryu Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hanryu Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hanryu Holdings Common to buy it.
Moving against Hanryu Stock
| 0.59 | KIND | Nextdoor Holdings Financial Report 14th of May 2024 | PairCorr |
| 0.57 | GROM | Grom Social Enterprises Earnings Call This Week | PairCorr |
Related Correlations Analysis
| -0.05 | 0.38 | -0.57 | -0.54 | -0.24 | TWLO | ||
| -0.05 | -0.58 | 0.6 | 0.29 | 0.88 | GOOGL | ||
| 0.38 | -0.58 | -0.73 | -0.42 | -0.71 | MTCH | ||
| -0.57 | 0.6 | -0.73 | 0.73 | 0.65 | SPOT | ||
| -0.54 | 0.29 | -0.42 | 0.73 | 0.26 | DASH | ||
| -0.24 | 0.88 | -0.71 | 0.65 | 0.26 | TCEHY | ||
| 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 Hanryu Stock performing well and Hanryu Holdings 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 Hanryu Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TWLO | 1.71 | (0.28) | 0.00 | (0.24) | 0.00 | 3.35 | 19.67 | |||
| GOOGL | 1.47 | 0.12 | 0.05 | 0.18 | 2.17 | 2.37 | 13.60 | |||
| MTCH | 1.58 | (0.34) | 0.00 | (0.18) | 0.00 | 3.11 | 10.44 | |||
| SPOT | 1.88 | 0.42 | 0.20 | 0.36 | 1.85 | 3.88 | 18.69 | |||
| DASH | 1.93 | 0.07 | 0.04 | 0.09 | 2.71 | 3.90 | 13.34 | |||
| TCEHY | 1.47 | 0.42 | 0.29 | 0.48 | 0.94 | 3.97 | 6.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hanryu Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Hanryu Holdings Corporate Management
Elected by the shareholders, the Hanryu Holdings' board of directors comprises two types of representatives: Hanryu Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hanryu. The board's role is to monitor Hanryu Holdings' management team and ensure that shareholders' interests are well served. Hanryu Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hanryu Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| JuHyon Shin | Chief Officer | Profile | |
| DaeHwan Son | Chief Officer | Profile | |
| David Gregg | Chief Officer | Profile | |
| Dong Park | Chief Officer | Profile |
Already Invested in Hanryu Holdings Common?
The danger of trading Hanryu Holdings Common is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hanryu Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hanryu Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hanryu Holdings Common is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Hanryu Holdings Common is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Hanryu Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Hanryu Holdings Common Stock. Highlighted below are key reports to facilitate an investment decision about Hanryu Holdings Common Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hanryu Holdings Common. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Hanryu Stock analysis
When running Hanryu Holdings' price analysis, check to measure Hanryu Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hanryu Holdings is operating at the current time. Most of Hanryu Holdings' value examination focuses on studying past and present price action to predict the probability of Hanryu Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanryu Holdings' price. Additionally, you may evaluate how the addition of Hanryu Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Hanryu Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hanryu Holdings. If investors know Hanryu will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hanryu Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.17) | Revenue Per Share 0.03 | Quarterly Revenue Growth 20.042 | Return On Assets (0.51) | Return On Equity (2.08) |
The market value of Hanryu Holdings Common is measured differently than its book value, which is the value of Hanryu that is recorded on the company's balance sheet. Investors also form their own opinion of Hanryu Holdings' value that differs from its market value or its book value, called intrinsic value, which is Hanryu Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hanryu Holdings' market value can be influenced by many factors that don't directly affect Hanryu Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hanryu Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanryu Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanryu Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.