Haier Smart Correlations
| QIHCF Stock | USD 1.75 0.00 0.00% |
The current 90-days correlation between Haier Smart Home and Sleep Number Corp is -0.15 (i.e., Good diversification). The correlation of Haier Smart 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.
Haier Smart Correlation With Market
Average diversification
The correlation between Haier Smart Home and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Haier Smart Home and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Haier Smart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haier Smart 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 Haier Smart - 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 Haier Smart Home to buy it.
Moving together with Haier Pink Sheet
| 0.7 | TPX | Tempur Sealy Interna | PairCorr |
| 0.8 | WHR | Whirlpool | PairCorr |
| 0.77 | SEBYY | SEB SA | PairCorr |
| 0.78 | TRCA | Twin Ridge Capital | PairCorr |
| 0.75 | APAC | Stonebridge Acquisition Symbol Change | PairCorr |
| 0.75 | AAC | Ares Acquisition | PairCorr |
| 0.65 | PRGO | Perrigo Company | PairCorr |
| 0.8 | ARTE | Artemis Strategic | PairCorr |
| 0.72 | FUND | Sprott Focus Trust | PairCorr |
| 0.88 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.75 | RUM | Rumble Inc Sell-off Trend | PairCorr |
| 0.89 | LUNR | Intuitive Machines | PairCorr |
| 0.84 | CRS | Carpenter Technology | PairCorr |
| 0.7 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.9 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.63 | APLD | Applied Blockchain | PairCorr |
| 0.9 | BFLY | Butterfly Network | PairCorr |
| 0.67 | INMD | InMode | PairCorr |
| 0.89 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.78 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.91 | IONQ | IONQ Inc | PairCorr |
| 0.89 | SOFI | SoFi Technologies | PairCorr |
| 0.73 | SOUN | SoundHound AI Trending | PairCorr |
| 0.85 | GLBE | Global E Online | PairCorr |
Moving against Haier Pink Sheet
| 0.68 | SEBYF | SEB SA | PairCorr |
| 0.65 | MHK | Mohawk Industries | PairCorr |
| 0.55 | CVI | CVR Energy | PairCorr |
| 0.4 | WETH | Wetouch Technology Common | PairCorr |
| 0.31 | HSHCY | Haier Smart Home | PairCorr |
| 0.48 | IQ | iQIYI Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| -0.06 | 0.34 | 0.6 | 0.0 | SNBR | ||
| -0.06 | 0.61 | -0.02 | 0.83 | LOVE | ||
| 0.34 | 0.61 | 0.26 | 0.68 | TPX | ||
| 0.6 | -0.02 | 0.26 | -0.09 | MLKN | ||
| 0.0 | 0.83 | 0.68 | -0.09 | WHR | ||
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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 Haier Pink Sheet performing well and Haier Smart 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 Haier Smart'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SNBR | 4.46 | 0.41 | 0.12 | 0.30 | 4.39 | 9.49 | 32.96 | |||
| LOVE | 2.66 | 0.73 | 0.30 | 0.50 | 2.02 | 7.08 | 26.74 | |||
| TPX | 1.21 | 0.09 | 0.08 | 0.22 | 0.94 | 3.72 | 11.44 | |||
| MLKN | 1.74 | (0.20) | 0.00 | (0.02) | 0.00 | 3.66 | 18.40 | |||
| WHR | 1.79 | 0.32 | 0.16 | 0.52 | 1.56 | 4.87 | 16.90 |