Li Ning Correlations

LNNGF Stock

USD 2.80 0.05 1.82%

The current 90-days correlation between Li Ning Company and Thule Group AB is -0.04 (i.e., Good diversification). The correlation of Li Ning 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.

Li Ning Correlation With Market

Very poor diversification

The correlation between Li Ning Company and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Li Ning Company and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Li Ning could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Li Ning 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 Li Ning - 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 Li Ning Company to buy it.

Moving together with LNNGF Pink Sheet

0.83	CUK	Carnival Plc ADS	Pair Corr
0.9	LNNGY	Li Ning	Pair Corr
0.7	SHMDF	Shimano	Pair Corr
0.84	SMNNY	Shimano Inc ADR	Pair Corr
0.75	BRK-B	Berkshire Hathaway	Pair Corr
0.7	HYMTF	Hyundai Motor	Pair Corr
0.76	ALL-PB	Allstate	Pair Corr
0.84	EVGPF	Evergrande Property	Pair Corr
0.85	AA	Alcoa Corp	Pair Corr
0.83	PPCLY	PPC Ltd ADR	Pair Corr
0.92	SOUHY	South32 ADR	Pair Corr
0.82	SJ	Scienjoy Holding Corp	Pair Corr
0.8	EQR	Equity Residential	Pair Corr
0.84	CPA	Copa Holdings SA	Pair Corr
0.83	GIG	GigCapital7 Corp Class	Pair Corr
0.72	RILY	B Riley Financial	Pair Corr
0.87	CVX	Chevron Corp	Pair Corr
0.83	GLAPF	Glanbia plc	Pair Corr

Moving against LNNGF Pink Sheet

0.74	NCBDY	BANDAI NAMCO Holdings	Pair Corr
0.7	OLCLY	Oriental Land	Pair Corr
0.41	BRK-A	Berkshire Hathaway	Pair Corr
0.36	ANPDY	ANTA Sports Products	Pair Corr

Related Correlations Analysis

	THUPY	MNTHY	PSMMF	PSMMY	YORUY	SHAOF	LFDJF	BKGFY	IVCGF	USSJF
THUPY		-0.12	-0.64	-0.58	-0.66	0.69	0.15	-0.59	-0.51	0.0	THUPY
MNTHY	-0.12		0.37	0.43	0.07	-0.2	-0.01	0.55	0.35	0.0	MNTHY
PSMMF	-0.64	0.37		0.85	0.82	-0.9	-0.36	0.84	0.76	0.0	PSMMF
PSMMY	-0.58	0.43	0.85		0.76	-0.8	-0.55	0.83	0.87	0.0	PSMMY
YORUY	-0.66	0.07	0.82	0.76		-0.92	-0.32	0.75	0.77	0.0	YORUY
SHAOF	0.69	-0.2	-0.9	-0.8	-0.92		0.27	-0.8	-0.73	0.0	SHAOF
LFDJF	0.15	-0.01	-0.36	-0.55	-0.32	0.27		-0.15	-0.55	0.0	LFDJF
BKGFY	-0.59	0.55	0.84	0.83	0.75	-0.8	-0.15		0.75	0.0	BKGFY
IVCGF	-0.51	0.35	0.76	0.87	0.77	-0.73	-0.55	0.75		0.0	IVCGF
USSJF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		USSJF
	THUPY	MNTHY	PSMMF	PSMMY	YORUY	SHAOF	LFDJF	BKGFY	IVCGF	USSJF

Please upgrade your account to get full access to Macroaxis premium features

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

IVCGF	+ 0.87	PSMMY
PSMMY	+ 0.85	PSMMF
BKGFY	+ 0.84	PSMMF
BKGFY	+ 0.83	PSMMY
YORUY	+ 0.82	PSMMF
IVCGF	+ 0.77	YORUY

High negative correlations

SHAOF	- 0.92	YORUY
SHAOF	- 0.9	PSMMF
BKGFY	- 0.8	SHAOF
SHAOF	- 0.8	PSMMY
IVCGF	- 0.73	SHAOF
YORUY	- 0.66	THUPY

Risk-Adjusted Indicators

There is a big difference between LNNGF Pink Sheet performing well and Li Ning 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 Li Ning'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
THUPY	1.34	0.06	0.00	(0.32)	1.80	(3.21)	5.11	(4.37)	12.08
MNTHY	1.95	0.27	0.08	0.40	2.10	(3.71)	4.84	(4.21)	22.40
PSMMF	0.77	0.36	0.00	2.27	0.00	0.00	0.00	0.00	16.26
PSMMY	1.37	0.32	0.16	0.67	1.53	(1.47)	3.41	(2.93)	8.91
YORUY	1.21	0.64	0.00	(0.91)	0.00	0.00	0.00	0.00	40.38
SHAOF	0.35	(0.19)	0.00	2.82	0.00	0.00	0.00	0.00	7.47
LFDJF	0.61	(0.19)	0.00	(1.45)	0.00	0.00	0.97	(2.97)	7.36
BKGFY	1.64	0.17	0.08	0.22	1.97	(1.66)	3.56	(3.23)	9.31
IVCGF	0.52	0.07	0.01	(1.63)	0.56	(0.63)	1.30	(0.84)	4.24
USSJF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Li Ning 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?

Run Earnings Calls Now

Earnings Calls

Check upcoming earnings announcements updated hourly across public exchanges

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC