China Mengniu Correlations

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The current 90-days correlation between China Mengniu Dairy and General Mills is 0.04 (i.e., Significant diversification). The correlation of China Mengniu 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.

China Mengniu Correlation With Market

Significant diversification

The correlation between China Mengniu Dairy and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Mengniu Dairy and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to China Mengniu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Mengniu 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 China Mengniu - 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 China Mengniu Dairy to buy it.

Moving together with China Pink Sheet

  0.87NFPDF Nissin Foods HoldingsPairCorr

Moving against China Pink Sheet

  0.72K KellanovaPairCorr
  0.61CIADY China Mengniu DairyPairCorr
  0.61ADSK AutodeskPairCorr
  0.38FMCB Farmers Merchants BancorpPairCorr
  0.34GPDNF Danone SAPairCorr
  0.34NDEKY Nitto Denko CorpPairCorr
  0.77APLD Applied Blockchain TrendingPairCorr
  0.61PYPL PayPal HoldingsPairCorr
  0.61LLYVK Liberty MediaPairCorr
  0.55GVA Granite ConstructionPairCorr
  0.52CRWD Crowdstrike Holdings Earnings Call TomorrowPairCorr
  0.5ALAB Astera Labs, Common Tech BoostPairCorr
  0.49STLD Steel Dynamics Fiscal Year End 28th of January 2025 PairCorr
  0.49MRVL Marvell Technology Earnings Call This WeekPairCorr
  0.48NVDA NVIDIAPairCorr
  0.38SCHW Charles Schwab Corp Fiscal Year End 15th of January 2025 PairCorr
  0.35DECK Deckers OutdoorPairCorr

Related Correlations Analysis

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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   
GISARRT
GISACOPY
ACOPYARRT
  
High negative correlations   
GISBDPT
BDPTACOPY
BDPTARRT

Risk-Adjusted Indicators

There is a big difference between China Pink Sheet performing well and China Mengniu 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 China Mengniu'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in China Mengniu 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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