Ohmyhome Limited Correlations

OMH Stock

0.39 0 0.51%

The current 90-days correlation between Ohmyhome Limited Ordinary and CareTrust REIT is -0.14 (i.e., Good diversification). The correlation of Ohmyhome Limited 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.

Ohmyhome Limited Correlation With Market

Significant diversification

The correlation between Ohmyhome Limited Ordinary and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ohmyhome Limited Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ohmyhome Limited Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Ohmyhome Stock

0.65

SGD

Safe and Green

Pair Corr

Moving against Ohmyhome Stock

0.5	FSV	FirstService Corp	Pair Corr
0.49	LRE	Lead Real Estate	Pair Corr
0.43	CBL	CBL Associates Properties	Pair Corr
0.38	IRS	IRSA Inversiones Y	Pair Corr
0.55	GYRO	Gyrodyne Company	Pair Corr

Related Correlations Analysis

	CTRE	GMRE	UHT	DOC	HR	CHCT	SBRA	VTR	OHI	NHI
CTRE		0.68	0.42	0.77	0.1	-0.23	0.76	0.91	0.81	0.67	CTRE
GMRE	0.68		0.83	0.79	0.18	-0.64	0.42	0.67	0.46	0.8	GMRE
UHT	0.42	0.83		0.67	0.36	-0.39	0.37	0.46	0.29	0.88	UHT
DOC	0.77	0.79	0.67		0.41	-0.23	0.8	0.86	0.8	0.7	DOC
HR	0.1	0.18	0.36	0.41		0.22	0.49	0.34	0.39	0.21	HR
CHCT	-0.23	-0.64	-0.39	-0.23	0.22		0.2	-0.15	0.1	-0.34	CHCT
SBRA	0.76	0.42	0.37	0.8	0.49	0.2		0.86	0.93	0.54	SBRA
VTR	0.91	0.67	0.46	0.86	0.34	-0.15	0.86		0.9	0.62	VTR
OHI	0.81	0.46	0.29	0.8	0.39	0.1	0.93	0.9		0.43	OHI
NHI	0.67	0.8	0.88	0.7	0.21	-0.34	0.54	0.62	0.43		NHI
	CTRE	GMRE	UHT	DOC	HR	CHCT	SBRA	VTR	OHI	NHI

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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

OHI	+ 0.93	SBRA
VTR	+ 0.91	CTRE
OHI	+ 0.9	VTR
NHI	+ 0.88	UHT
VTR	+ 0.86	DOC
VTR	+ 0.86	SBRA

High negative correlations

CHCT	- 0.64	GMRE
CHCT	- 0.39	UHT
NHI	- 0.34	CHCT
CHCT	- 0.23	DOC
CHCT	- 0.23	CTRE
VTR	- 0.15	CHCT

Risk-Adjusted Indicators

There is a big difference between Ohmyhome Stock performing well and Ohmyhome Limited 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 Ohmyhome Limited'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
CTRE	0.98	(0.17)	0.00	1.31	0.00	0.00	1.95	(2.08)	8.03
GMRE	0.95	(0.31)	0.00	(0.47)	0.00	0.00	1.41	(2.54)	5.89
UHT	1.13	(0.31)	0.00	(0.43)	0.00	0.00	2.23	(2.44)	6.69
DOC	1.18	(0.15)	0.00	(0.28)	0.00	0.00	2.04	(2.08)	7.34
HR	1.24	(0.08)	0.00	(0.22)	0.00	0.00	2.01	(2.71)	9.00
CHCT	1.44	0.12	0.07	0.33	1.32	(1.73)	3.78	(2.05)	9.89
SBRA	1.22	(0.16)	0.00	(0.55)	0.00	0.00	1.74	(2.50)	8.78
VTR	0.91	(0.13)	0.00	(1.21)	0.00	0.00	1.86	(1.94)	5.07
OHI	0.83	(0.09)	0.00	(3.37)	0.00	0.00	1.70	(2.22)	6.36
NHI	1.00	(0.30)	0.00	(0.61)	0.00	0.00	1.54	(2.43)	7.75

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