Jowell Global Correlations

JWEL Stock

USD 3.05 0.07 2.24%

The current 90-days correlation between Jowell Global and Hour Loop is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jowell Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jowell Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Jowell Global Correlation With Market

Average diversification

The correlation between Jowell Global and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jowell Global 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 Jowell Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy Jowell Stock please use our How to buy in Jowell Stock guide.

Moving together with Jowell Stock

0.77	AN	AutoNation	Pair Corr
0.85	DDS	Dillards	Pair Corr
0.83	GPI	Group 1 Automotive Earnings Call This Week	Pair Corr
0.63	LAD	Lithia Motors	Pair Corr
0.77	SAH	Sonic Automotive	Pair Corr
0.86	GLBE	Global E Online	Pair Corr
0.73	BH	Biglari Holdings	Pair Corr
0.88	EEIQ	Elite Education Group	Pair Corr
0.67	BYD	Boyd Gaming	Pair Corr
0.66	FOSL	Fossil Group	Pair Corr
0.68	DAO	Youdao Inc	Pair Corr

Moving against Jowell Stock

0.82	KSS	Kohls Corp	Pair Corr
0.74	VIPS	Vipshop Holdings	Pair Corr
0.73	BBY	Best Buy	Pair Corr
0.61	JD	JD Inc Adr Aggressive Push	Pair Corr
0.5	CAL	Continental	Pair Corr
0.88	PDD	PDD Holdings Aggressive Push	Pair Corr
0.88	BABA	Alibaba Group Holding Aggressive Push	Pair Corr
0.76	IH	Ihuman Inc	Pair Corr
0.65	LI	Li Auto	Pair Corr
0.61	CPNG	Coupang LLC	Pair Corr
0.59	JMIA	Jumia Technologies	Pair Corr
0.48	MELI	MercadoLibre	Pair Corr
0.45	BZUN	Baozun Inc	Pair Corr
0.42	LOW	Lowes Companies	Pair Corr
0.63	EWCZ	European Wax Center Buyout Trend	Pair Corr
0.62	DTC	Solo Brands	Pair Corr
0.55	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.5	WING	Wingstop	Pair Corr
0.44	MHO	MI Homes Earnings Call This Week	Pair Corr
0.4	EDU	New Oriental Education Earnings Call Today	Pair Corr
0.38	BLD	Topbuild Corp	Pair Corr

Related Correlations Analysis

	OCG	HOUR	QRTEB	EMCMF	JFBR	PIK	MOGU	JDCMF	BRAV
OCG		-0.33	0.39	-0.15	-0.16	0.37	-0.22	0.15	0.0	OCG
HOUR	-0.33		-0.52	0.29	0.36	-0.63	0.31	-0.24	0.0	HOUR
QRTEB	0.39	-0.52		-0.5	-0.61	0.74	-0.69	0.4	0.0	QRTEB
EMCMF	-0.15	0.29	-0.5		0.32	-0.61	0.67	-0.28	0.0	EMCMF
JFBR	-0.16	0.36	-0.61	0.32		-0.36	0.45	-0.54	0.0	JFBR
PIK	0.37	-0.63	0.74	-0.61	-0.36		-0.66	0.3	0.0	PIK
MOGU	-0.22	0.31	-0.69	0.67	0.45	-0.66		-0.27	0.0	MOGU
JDCMF	0.15	-0.24	0.4	-0.28	-0.54	0.3	-0.27		0.0	JDCMF
BRAV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BRAV
	OCG	HOUR	QRTEB	EMCMF	JFBR	PIK	MOGU	JDCMF	BRAV

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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

PIK	+ 0.74	QRTEB
MOGU	+ 0.67	EMCMF
MOGU	+ 0.45	JFBR
JDCMF	+ 0.4	QRTEB
QRTEB	+ 0.39	OCG
PIK	+ 0.37	OCG

High negative correlations

MOGU	- 0.69	QRTEB
MOGU	- 0.66	PIK
PIK	- 0.63	HOUR
PIK	- 0.61	EMCMF
JFBR	- 0.61	QRTEB
JDCMF	- 0.54	JFBR

Risk-Adjusted Indicators

There is a big difference between Jowell Stock performing well and Jowell Global 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 Jowell Global'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
OCG	5.24	0.27	0.03	(0.13)	5.45	(7.43)	12.88	(11.11)	52.57
HOUR	8.14	2.27	0.32	3.77	5.44	(12.11)	12.33	(12.64)	228.92
QRTEB	3.77	(0.50)	0.00	0.84	0.00	0.00	9.00	(9.93)	25.39
EMCMF	67.38	32.40	0.00	1.04	0.00	0.00	0.00	0.00	1,992
JFBR	30.08	15.14	1.92	(5.99)	5.49	(38.26)	21.43	(12.95)	992.31
PIK	8.14	(2.31)	0.00	13.34	0.00	0.00	14.35	(22.78)	85.74
MOGU	3.40	0.35	0.07	0.59	4.22	(3.78)	6.17	(5.24)	25.31
JDCMF	2.23	0.01	0.00	0.11	3.27	(6.16)	6.98	(8.59)	22.98
BRAV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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