Janel Corp Correlations
| JANL Stock | USD 30.50 0.00 0.00% |
The current 90-days correlation between Janel Corp and FedEx is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Janel Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Janel Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Janel Corp Correlation With Market
Significant diversification
The correlation between Janel Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Janel Corp and DJI in the same portfolio, assuming nothing else is changed.
Janel |
The ability to find closely correlated positions to Janel Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Janel Corp 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 Janel Corp - 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 Janel Corp to buy it.
Moving together with Janel Pink Sheet
| 0.73 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.74 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.86 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.67 | PBCRY | Bank Central Asia | PairCorr |
| 0.63 | PBCRF | PT Bank Central | PairCorr |
| 0.83 | BKRKY | Bank Rakyat | PairCorr |
| 0.87 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.83 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.84 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.86 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Janel Pink Sheet
| 0.83 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.81 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.78 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.76 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.75 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.68 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.66 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.6 | PTAIF | PT Astra International | PairCorr |
| 0.55 | SSNLF | Samsung Electronics | PairCorr |
| 0.51 | HPQ | HP Inc | PairCorr |
| 0.44 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.37 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| 0.07 | 0.48 | -0.17 | -0.27 | FDX | ||
| 0.07 | 0.7 | -0.52 | 0.61 | GXO | ||
| 0.48 | 0.7 | -0.4 | 0.35 | JBHT | ||
| -0.17 | -0.52 | -0.4 | -0.03 | EXPD | ||
| -0.27 | 0.61 | 0.35 | -0.03 | CHRW | ||
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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 Janel Pink Sheet performing well and Janel Corp 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 Janel Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FDX | 1.16 | (0.05) | (0.02) | 0.07 | 3.05 | 2.21 | 17.41 | |||
| GXO | 1.56 | 0.19 | 0.15 | 0.28 | 1.29 | 2.56 | 17.49 | |||
| JBHT | 1.26 | (0.01) | 0.00 | 0.12 | 1.35 | 3.15 | 6.94 | |||
| EXPD | 0.88 | (0.05) | 0.00 | (0.06) | 0.00 | 1.89 | 4.65 | |||
| CHRW | 0.95 | (0.05) | (0.07) | 0.05 | 1.36 | 2.16 | 8.29 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Janel Corp 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.Did you try this?
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