JIADE LIMITED Correlations

JDZG Stock

0.75 0.13 14.77%

The current 90-days correlation between JIADE LIMITED Common and AerCap Holdings NV is 0.05 (i.e., Significant 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 -0.05 (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 against JIADE Stock

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0.62	IBM	International Business	Pair Corr
0.59	AUR	Aurora Innovation	Pair Corr
0.5	KD	Kyndryl Holdings Sell-off Trend	Pair Corr
0.48	VYX	NCR Voyix	Pair Corr
0.43	ACN	Accenture plc	Pair Corr
0.37	DTST	Data Storage Corp	Pair Corr
0.36	GMM	Global Mofy Metaverse Tech Boost	Pair Corr
0.34	DXC	DXC Technology Earnings Call Tomorrow	Pair Corr
0.72	HCKT	Hackett Group	Pair Corr
0.65	INFY	Infosys Ltd ADR	Pair Corr
0.64	WIT	Wipro Limited ADR	Pair Corr
0.57	AUROW	Aurora Innovation	Pair Corr
0.54	PENG	Penguin Solutions, Symbol Change	Pair Corr
0.53	WYY	Widepoint C	Pair Corr
0.42	MGIC	Magic Software Enter	Pair Corr
0.38	VEEAW	Veea Inc Symbol Change	Pair Corr

Related Correlations Analysis

	AER	WLFC	CAR	JBSS	ALTG	UNFI	TRTN-PC	RFBC
AER		0.49	0.58	-0.04	0.64	0.01	0.16	0.0	AER
WLFC	0.49		0.1	-0.1	0.44	0.41	-0.28	0.0	WLFC
CAR	0.58	0.1		-0.17	0.73	-0.35	0.35	0.0	CAR
JBSS	-0.04	-0.1	-0.17		-0.18	0.17	0.63	0.0	JBSS
ALTG	0.64	0.44	0.73	-0.18		0.01	0.18	0.0	ALTG
UNFI	0.01	0.41	-0.35	0.17	0.01		0.08	0.0	UNFI
TRTN-PC	0.16	-0.28	0.35	0.63	0.18	0.08		0.0	TRTN-PC
RFBC	0.0	0.0	0.0	0.0	0.0	0.0	0.0		RFBC
	AER	WLFC	CAR	JBSS	ALTG	UNFI	TRTN-PC	RFBC

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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

ALTG	+ 0.73	CAR
ALTG	+ 0.64	AER
TRTN-PC	+ 0.63	JBSS
CAR	+ 0.58	AER
WLFC	+ 0.49	AER
ALTG	+ 0.44	WLFC

High negative correlations

UNFI	- 0.35	CAR
TRTN-PC	- 0.28	WLFC
ALTG	- 0.18	JBSS
JBSS	- 0.17	CAR
JBSS	- 0.1	WLFC
JBSS	- 0.04	AER

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
AER	0.88	(0.03)	(0.06)	0.01	1.20	(0.89)	1.71	(2.23)	6.92
WLFC	2.70	0.12	0.01	(0.30)	3.79	(2.65)	5.71	(5.53)	33.51
CAR	2.33	0.20	0.05	(3.92)	2.31	(2.79)	5.98	(3.08)	17.30
JBSS	1.27	(0.11)	0.00	(0.55)	0.00	0.00	2.46	(2.52)	10.93
ALTG	2.84	0.17	0.05	0.24	3.23	(3.18)	6.85	(4.84)	25.52
UNFI	2.26	0.57	0.22	1.03	2.04	(2.73)	5.19	(4.28)	25.95
TRTN-PC	0.42	0.05	(0.04)	0.87	0.40	(0.47)	0.94	(0.78)	2.48
RFBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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