JIADE LIMITED Correlations

JDZG Stock

0.63 0.06 8.70%

The current 90-days correlation between JIADE LIMITED Common and Digimarc is -0.11 (i.e., Good diversification). The correlation of JIADE LIMITED 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.

JIADE LIMITED Correlation With Market

Good diversification

The correlation between JIADE LIMITED Common and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JIADE LIMITED Common and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JIADE LIMITED Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with JIADE Stock

0.63	ACN	Accenture plc	Pair Corr
0.61	AUR	Aurora Innovation Buyout Trend	Pair Corr
0.79	FIS	Fidelity National	Pair Corr
0.66	JKHY	Jack Henry Associates Sell-off Trend	Pair Corr
0.65	AUROW	Aurora Innovation Tech Boost	Pair Corr

Moving against JIADE Stock

0.59	GMM	Global Mofy Metaverse	Pair Corr
0.72	PENG	Penguin Solutions, Symbol Change	Pair Corr
0.58	TRIRF	Triterras	Pair Corr
0.45	INFY	Infosys Ltd ADR	Pair Corr
0.42	BNAIW	Brand Engagement Network Symbol Change	Pair Corr
0.31	PSCO	ProtoSource	Pair Corr

Related Correlations Analysis

	FI	IT	KD	DMRC	VEEA	DTST	SAIHW	VNET	EPAM	ACN
FI		0.77	0.77	0.79	-0.35	0.3	0.77	0.52	0.59	0.63	FI
IT	0.77		0.57	0.6	0.03	0.41	0.5	0.61	0.5	0.73	IT
KD	0.77	0.57		0.49	-0.34	0.53	0.64	0.3	0.88	0.41	KD
DMRC	0.79	0.6	0.49		-0.27	0.19	0.61	0.21	0.32	0.48	DMRC
VEEA	-0.35	0.03	-0.34	-0.27		-0.09	-0.31	0.11	-0.28	-0.21	VEEA
DTST	0.3	0.41	0.53	0.19	-0.09		0.37	0.06	0.68	0.11	DTST
SAIHW	0.77	0.5	0.64	0.61	-0.31	0.37		0.18	0.64	0.31	SAIHW
VNET	0.52	0.61	0.3	0.21	0.11	0.06	0.18		0.14	0.6	VNET
EPAM	0.59	0.5	0.88	0.32	-0.28	0.68	0.64	0.14		0.22	EPAM
ACN	0.63	0.73	0.41	0.48	-0.21	0.11	0.31	0.6	0.22		ACN
	FI	IT	KD	DMRC	VEEA	DTST	SAIHW	VNET	EPAM	ACN

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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

EPAM	+ 0.88	KD
DMRC	+ 0.79	FI
IT	+ 0.77	FI
KD	+ 0.77	FI
SAIHW	+ 0.77	FI
ACN	+ 0.73	IT

High negative correlations

VEEA	- 0.35	FI
VEEA	- 0.34	KD
SAIHW	- 0.31	VEEA
EPAM	- 0.28	VEEA
VEEA	- 0.27	DMRC
ACN	- 0.21	VEEA

Risk-Adjusted Indicators

There is a big difference between JIADE Stock performing well and JIADE LIMITED 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 JIADE LIMITED'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
FI	0.81	0.30	0.38	0.48	0.13	(1.05)	1.97	(1.09)	5.13
IT	0.80	0.00	0.00	0.12	1.06	(0.75)	1.37	(2.06)	7.23
KD	1.68	0.36	0.26	0.34	1.15	(2.03)	3.41	(2.98)	15.71
DMRC	2.56	0.11	0.07	0.19	2.60	(3.04)	6.40	(3.89)	21.19
VEEA	9.51	(0.96)	0.00	0.52	0.00	0.00	11.11	(23.71)	157.04
DTST	3.25	0.02	0.02	0.13	5.62	(3.40)	7.47	(5.84)	43.14
SAIHW	17.70	4.43	0.19	9.42	15.20	(27.89)	45.45	(35.46)	219.15
VNET	5.07	1.09	0.18	1.27	5.43	(6.13)	12.10	(9.11)	34.50
EPAM	1.54	0.20	0.15	0.28	1.24	(1.81)	4.20	(2.49)	18.82
ACN	1.02	0.04	0.01	0.18	1.52	(1.05)	1.72	(2.20)	10.10

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