| CJET Stock | | | 2.14 0.18 9.18% |
The current 90-days correlation between Chijet Motor , and LKQ Corporation is 0.32 (i.e., Weak diversification). The correlation of Chijet 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.
Chijet Correlation With Market
Modest diversification
The correlation between Chijet Motor Company, and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chijet Motor Company, and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Chijet Stock
Moving against Chijet Stock
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Chijet Corporate Management