Oriental Rise Correlations
| ORIS Stock | 0.99 0.02 1.98% |
The current 90-days correlation between Oriental Rise Holdings and PACCAR Inc is 0.17 (i.e., Average diversification). The correlation of Oriental Rise 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Oriental Rise Correlation With Market
Average diversification
The correlation between Oriental Rise Holdings and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oriental Rise Holdings and DJI in the same portfolio, assuming nothing else is changed.
Oriental |
Moving together with Oriental Stock
Moving against Oriental Stock
| 0.82 | BJ | BJs Wholesale Club | PairCorr |
| 0.81 | BRLSW | Borealis Foods | PairCorr |
| 0.76 | PM | Philip Morris Intern | PairCorr |
| 0.72 | K | Kellanova | PairCorr |
| 0.71 | WYHG | Wing Yip Food | PairCorr |
| 0.69 | KR | Kroger Company | PairCorr |
| 0.67 | KO | Coca Cola | PairCorr |
| 0.53 | MO | Altria Group | PairCorr |
| 0.49 | UL | Unilever PLC ADR | PairCorr |
| 0.46 | COOTW | Australian Oilseeds | PairCorr |
| 0.45 | DG | Dollar General | PairCorr |
| 0.4 | PG | Procter Gamble | PairCorr |
| 0.34 | SNAXW | Stryve Foods | PairCorr |
| 0.87 | WVVI | Willamette Valley | PairCorr |
| 0.72 | BTI | British American Tobacco | PairCorr |
| 0.68 | ACI | Albertsons Companies | PairCorr |
| 0.62 | CCU | Compania Cervecerias | PairCorr |
| 0.54 | BUD | Anheuser Busch Inbev | PairCorr |
| 0.53 | ACU | Acme United | PairCorr |
| 0.5 | DOLE | Dole PLC | PairCorr |
| 0.47 | BOF | BranchOut Food Common | PairCorr |
| 0.38 | FARM | Farmer Bros | PairCorr |
| 0.34 | CHD | Church Dwight | PairCorr |
| 0.32 | CENTA | Central Garden Pet | PairCorr |
Related Correlations Analysis
| 0.86 | 0.75 | 0.0 | 0.92 | 0.83 | 0.0 | PCAR | ||
| 0.86 | 0.79 | 0.0 | 0.9 | 0.85 | 0.0 | BWA | ||
| 0.75 | 0.79 | 0.0 | 0.9 | 0.92 | 0.0 | CARS | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | CAOHF | ||
| 0.92 | 0.9 | 0.9 | 0.0 | 0.9 | 0.0 | BC | ||
| 0.83 | 0.85 | 0.92 | 0.0 | 0.9 | 0.0 | SDHC | ||
| 0.0 | 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | ERFB | ||
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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 Oriental Stock performing well and Oriental Rise 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 Oriental Rise'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PCAR | 1.46 | (0.10) | 0.00 | (0.30) | 0.00 | 2.24 | 10.60 | |||
| BWA | 1.70 | (0.13) | 0.00 | (0.30) | 0.00 | 2.61 | 10.36 | |||
| CARS | 2.49 | (0.34) | 0.00 | (0.42) | 0.00 | 4.60 | 25.98 | |||
| CAOHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BC | 1.96 | (0.30) | 0.00 | (0.37) | 0.00 | 3.02 | 18.19 | |||
| SDHC | 2.45 | (0.38) | 0.00 | (1.06) | 0.00 | 4.18 | 13.41 | |||
| ERFB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Oriental Rise Corporate Executives
Elected by the shareholders, the Oriental Rise's board of directors comprises two types of representatives: Oriental Rise inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Oriental. The board's role is to monitor Oriental Rise's management team and ensure that shareholders' interests are well served. Oriental Rise's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Oriental Rise's outside directors are responsible for providing unbiased perspectives on the board's policies.