Jayud Global Correlations

Stocks . USA . 
Stock . Jayud Global Logistics
JYD Stock   1.01  0.03  2.88%   
The current 90-days correlation between Jayud Global Logistics and Employers Holdings is -0.19 (i.e., Good diversification). The correlation of Jayud Global 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.

Jayud Global Correlation With Market

Average diversification

The correlation between Jayud Global Logistics 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 Jayud Global Logistics 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 Jayud Global Logistics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Jayud Stock

  0.62RLGT Radiant LogisticsPairCorr
  0.62PBI-PB Pitney Bowes NTPairCorr
  0.62CHRW CH Robinson WorldwidePairCorr
  0.65B Barnes GroupPairCorr
  0.65J Jacobs SolutionsPairCorr
  0.76R Ryder SystemPairCorr
  0.81DIST Distoken AcquisitionPairCorr
  0.63AL Air LeasePairCorr
  0.75AZ A2Z Smart TechnologiesPairCorr

Moving against Jayud Stock

  0.66PAL Proficient Auto LogiPairCorr
  0.66PSIG PS InternationalPairCorr
  0.55AIRT Air T IncPairCorr
  0.41EXPD Expeditors InternationalPairCorr
  0.37SGLY Singularity FuturePairCorr
  0.7CP Canadian Pacific RailwayPairCorr
  0.67BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.52CYRX CryoportPairCorr
  0.52FC Franklin CoveyPairCorr
  0.4FA First Advantage CorpPairCorr
  0.38AP Ampco PittsburghPairCorr
  0.31HY Hyster Yale MaterialsPairCorr

Related Correlations Analysis

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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   
UFCS
+ 0.96
AIZ
UFCS
+ 0.9
EIG
AIZ
+ 0.89
EIG
EIG
+ 0.6
MHLA
AIZ
+ 0.47
MHLA
UFCS
+ 0.45
MHLA
  
High negative correlations   
PSTL
- 0.18
MBOT
PSTL
- 0.07
UFCS
PSTL
- 0.07
AIZ
AIZ
- 0.05
MBOT
PSTL
- 0.03
EIG
AAME
- 0.02
MBOT

Risk-Adjusted Indicators

There is a big difference between Jayud Stock performing well and Jayud 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 Jayud 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.

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