ANTA Sports Correlations

ANPDY Stock

USD 255.55 2.44 0.95%

The current 90-days correlation between ANTA Sports Products and Gfl Environmental Holdings is -0.17 (i.e., Good diversification). The correlation of ANTA Sports 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.

ANTA Sports Correlation With Market

Average diversification

The correlation between ANTA Sports Products 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 ANTA Sports Products and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ANTA Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ANTA Sports 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 ANTA Sports - 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 ANTA Sports Products to buy it.

Moving together with ANTA Pink Sheet

0.75	ANPDF	ANTA Sports Products	Pair Corr
0.81	LNNGF	Li Ning Company	Pair Corr
0.95	LNNGY	Li Ning	Pair Corr

Moving against ANTA Pink Sheet

0.62	SZKMF	Suzuki Motor	Pair Corr
0.6	OLCLY	Oriental Land	Pair Corr
0.57	DSKYF	Daiichi Sankyo	Pair Corr
0.52	OPHLF	Ono Pharmaceutical	Pair Corr
0.36	SMNNY	Shimano Inc ADR	Pair Corr
0.35	ESALF	Eisai	Pair Corr
0.32	MZDAF	Mazda Motor	Pair Corr

Related Correlations Analysis

	SCRYX	FRHC	GFL	RGAGX	SVII	GFI	KNF	MRK	WES	AMYZF
SCRYX		0.71	0.6	0.89	0.61	0.16	0.73	-0.66	-0.15	-0.63	SCRYX
FRHC	0.71		0.59	0.84	0.65	0.3	0.85	-0.94	-0.16	-0.85	FRHC
GFL	0.6	0.59		0.51	0.4	-0.12	0.31	-0.64	-0.37	-0.32	GFL
RGAGX	0.89	0.84	0.51		0.65	0.42	0.86	-0.82	-0.05	-0.84	RGAGX
SVII	0.61	0.65	0.4	0.65		0.39	0.73	-0.66	-0.25	-0.76	SVII
GFI	0.16	0.3	-0.12	0.42	0.39		0.49	-0.28	-0.01	-0.53	GFI
KNF	0.73	0.85	0.31	0.86	0.73	0.49		-0.76	0.07	-0.86	KNF
MRK	-0.66	-0.94	-0.64	-0.82	-0.66	-0.28	-0.76		0.2	0.86	MRK
WES	-0.15	-0.16	-0.37	-0.05	-0.25	-0.01	0.07	0.2		0.05	WES
AMYZF	-0.63	-0.85	-0.32	-0.84	-0.76	-0.53	-0.86	0.86	0.05		AMYZF
	SCRYX	FRHC	GFL	RGAGX	SVII	GFI	KNF	MRK	WES	AMYZF

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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

RGAGX	+ 0.89	SCRYX
KNF	+ 0.86	RGAGX
AMYZF	+ 0.86	MRK
KNF	+ 0.85	FRHC
RGAGX	+ 0.84	FRHC
KNF	+ 0.73	SCRYX

High negative correlations

MRK	- 0.94	FRHC
AMYZF	- 0.86	KNF
AMYZF	- 0.85	FRHC
AMYZF	- 0.84	RGAGX
MRK	- 0.82	RGAGX
MRK	- 0.76	KNF

Risk-Adjusted Indicators

There is a big difference between ANTA Pink Sheet performing well and ANTA Sports 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 ANTA Sports' 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
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
FRHC	1.37	0.47	0.25	0.96	1.13	(1.50)	4.02	(2.40)	7.38
GFL	1.23	0.05	0.02	0.15	1.36	(1.32)	2.97	(2.29)	7.37
RGAGX	0.69	0.11	0.02	(1.49)	0.91	(0.71)	1.34	(1.66)	4.40
SVII	0.20	(0.02)	(0.11)	0.00	0.39	(0.32)	0.44	(0.53)	4.77
GFI	2.21	(0.15)	0.00	1.25	0.00	0.00	4.52	(5.41)	14.93
KNF	1.58	0.26	0.15	0.22	1.88	(1.66)	4.01	(2.46)	12.96
MRK	0.83	(0.26)	0.00	(1.64)	0.00	0.00	1.68	(2.13)	4.89
WES	1.05	0.01	(0.04)	0.12	1.39	(1.02)	1.94	(2.16)	5.82
AMYZF	3.86	(0.16)	0.00	1.86	0.00	0.00	7.41	(8.75)	21.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in ANTA Sports 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.

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ANTA Sports Corporate Management

Huang Wenting	Head Department	Profile
Min Ye	Head Center	Profile
Wu Zhicheng	Deputy Department	Profile
Mingwei Bi	Ex Director	Profile

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