Missfresh Correlations

Summary

MFDelisted Stock

USD 0.48 0.00 0.00%

The correlation of Missfresh 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.

Missfresh Correlation With Market

Significant diversification

The correlation between Missfresh Ltd ADR and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Missfresh Ltd ADR and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving against Missfresh Stock

0.83	JXN-PA	Jackson Financial	Pair Corr
0.74	HD	Home Depot	Pair Corr
0.73	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.71	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.68	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.62	WMT	Walmart Aggressive Push	Pair Corr
0.59	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.58	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.51	DIS	Walt Disney Sell-off Trend	Pair Corr
0.5	FSTF	First State Financial	Pair Corr
0.5	BAC	Bank of America Aggressive Push	Pair Corr
0.49	HPQ	HP Inc	Pair Corr
0.48	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.37	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.36	MSFT	Microsoft Aggressive Push	Pair Corr

Related Correlations Analysis

	NGVC	IMKTA	DNUT	GO	TSCDY	OCDGF	DFILF	WOLWF	KKOYY	ASAI
NGVC		0.45	-0.11	0.74	-0.51	-0.76	0.55	-0.61	0.0	-0.35	NGVC
IMKTA	0.45		0.15	0.53	0.08	-0.47	-0.19	0.14	0.12	0.53	IMKTA
DNUT	-0.11	0.15		-0.32	0.32	-0.08	-0.06	0.36	0.01	0.33	DNUT
GO	0.74	0.53	-0.32		-0.4	-0.58	0.21	-0.5	-0.3	-0.06	GO
TSCDY	-0.51	0.08	0.32	-0.4		0.55	-0.8	0.61	-0.11	0.52	TSCDY
OCDGF	-0.76	-0.47	-0.08	-0.58	0.55		-0.55	0.4	0.16	0.16	OCDGF
DFILF	0.55	-0.19	-0.06	0.21	-0.8	-0.55		-0.64	0.23	-0.68	DFILF
WOLWF	-0.61	0.14	0.36	-0.5	0.61	0.4	-0.64		0.07	0.58	WOLWF
KKOYY	0.0	0.12	0.01	-0.3	-0.11	0.16	0.23	0.07		-0.14	KKOYY
ASAI	-0.35	0.53	0.33	-0.06	0.52	0.16	-0.68	0.58	-0.14		ASAI
	NGVC	IMKTA	DNUT	GO	TSCDY	OCDGF	DFILF	WOLWF	KKOYY	ASAI

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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

GO	+ 0.74	NGVC
WOLWF	+ 0.61	TSCDY
ASAI	+ 0.58	WOLWF
DFILF	+ 0.55	NGVC
OCDGF	+ 0.55	TSCDY
GO	+ 0.53	IMKTA

High negative correlations

DFILF	- 0.8	TSCDY
OCDGF	- 0.76	NGVC
ASAI	- 0.68	DFILF
WOLWF	- 0.64	DFILF
WOLWF	- 0.61	NGVC
OCDGF	- 0.58	GO

Risk-Adjusted Indicators

There is a big difference between Missfresh Stock performing well and Missfresh 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 Missfresh'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
NGVC	2.39	0.73	0.31	0.48	1.98	(2.81)	6.30	(3.21)	26.67
IMKTA	1.37	(0.15)	(0.05)	0.02	2.12	(1.45)	3.11	(4.43)	9.45
DNUT	1.67	(0.03)	(0.04)	0.07	2.15	(1.58)	3.30	(3.41)	9.13
GO	2.64	(0.09)	0.02	0.09	3.75	(2.92)	5.45	(5.23)	21.42
TSCDY	0.93	0.02	(0.09)	0.26	0.96	(1.10)	1.89	(1.72)	4.03
OCDGF	1.67	(0.17)	0.00	0.68	0.00	0.00	4.04	(4.53)	16.84
DFILF	0.51	0.29	0.00	(0.73)	0.00	0.00	0.00	0.00	12.76
WOLWF	1.32	(0.20)	0.00	(5.22)	0.00	0.00	3.96	(5.22)	25.57
KKOYY	0.98	0.01	(0.11)	(0.07)	1.07	(1.22)	1.71	(1.52)	12.60
ASAI	3.02	(0.71)	0.00	(1.96)	0.00	0.00	4.83	(7.58)	14.26

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Risk & Return

Correlation

Still Interested in Missfresh Ltd ADR?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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