Miniso Group Correlations

MNSO Stock

USD 16.68 0.31 1.82%

The current 90-days correlation between Miniso Group Holding and ODP Corp is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Miniso Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Miniso Group Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miniso Group Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Miniso Stock

0.75	JD	JD Inc Adr	Pair Corr
0.61	VIPS	Vipshop Holdings	Pair Corr
0.65	BBW	Build A Bear Earnings Call Today	Pair Corr

Moving against Miniso Stock

0.58	FL	Foot Locker Earnings Call This Week	Pair Corr
0.55	AAP	Advance Auto Parts	Pair Corr
0.52	ETSY	Etsy Inc	Pair Corr
0.49	DIBS	1StdibsCom	Pair Corr
0.48	AN	AutoNation	Pair Corr
0.32	AKA	AKA Brands Holding	Pair Corr
0.59	DKS	Dicks Sporting Goods	Pair Corr
0.58	GPC	Genuine Parts	Pair Corr
0.53	HVT	Haverty Furniture	Pair Corr
0.49	CAL	Continental	Pair Corr
0.47	GES	Guess Inc	Pair Corr
0.46	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.44	DBI	Designer Brands	Pair Corr
0.43	HZO	MarineMax	Pair Corr
0.37	FND	Floor Decor Holdings	Pair Corr
0.36	BGI	Birks Group	Pair Corr

Related Correlations Analysis

	LESL	SBH	ODP	FLWS	CASY	EYE	SPWH	BGFV	BBW	WSM
LESL		0.08	-0.33	0.0	0.13	0.41	-0.25	-0.23	-0.05	-0.12	LESL
SBH	0.08		-0.01	0.21	0.06	0.47	0.2	-0.09	0.09	0.3	SBH
ODP	-0.33	-0.01		0.11	-0.44	-0.5	0.48	0.44	0.02	0.01	ODP
FLWS	0.0	0.21	0.11		0.19	0.21	-0.03	-0.11	0.02	-0.24	FLWS
CASY	0.13	0.06	-0.44	0.19		0.46	-0.23	-0.54	0.71	0.05	CASY
EYE	0.41	0.47	-0.5	0.21	0.46		-0.18	-0.51	0.22	0.15	EYE
SPWH	-0.25	0.2	0.48	-0.03	-0.23	-0.18		0.65	0.04	0.24	SPWH
BGFV	-0.23	-0.09	0.44	-0.11	-0.54	-0.51	0.65		-0.31	0.22	BGFV
BBW	-0.05	0.09	0.02	0.02	0.71	0.22	0.04	-0.31		0.01	BBW
WSM	-0.12	0.3	0.01	-0.24	0.05	0.15	0.24	0.22	0.01		WSM
	LESL	SBH	ODP	FLWS	CASY	EYE	SPWH	BGFV	BBW	WSM

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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

BBW	+ 0.71	CASY
BGFV	+ 0.65	SPWH
SPWH	+ 0.48	ODP
EYE	+ 0.47	SBH
EYE	+ 0.46	CASY
BGFV	+ 0.44	ODP

High negative correlations

BGFV	- 0.54	CASY
BGFV	- 0.51	EYE
EYE	- 0.5	ODP
CASY	- 0.44	ODP
ODP	- 0.33	LESL
BBW	- 0.31	BGFV

Risk-Adjusted Indicators

There is a big difference between Miniso Stock performing well and Miniso Group 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 Miniso Group'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
LESL	3.90	0.08	0.02	0.18	4.59	(4.40)	9.42	(8.31)	32.83
SBH	1.81	(0.13)	(0.06)	0.01	1.84	(2.15)	4.25	(2.78)	12.66
ODP	1.61	(0.02)	0.00	0.18	0.00	0.00	2.98	(3.73)	15.70
FLWS	1.92	(0.38)	0.00	(0.11)	0.00	0.00	3.87	(3.95)	17.33
CASY	1.30	0.16	0.08	0.39	1.18	(1.56)	2.76	(2.09)	10.48
EYE	1.85	0.16	0.04	0.45	1.90	(2.13)	4.82	(2.84)	10.35
SPWH	3.64	(0.16)	0.00	(0.01)	0.00	0.00	9.09	(6.25)	17.82
BGFV	2.97	(0.20)	0.00	(0.05)	0.00	0.00	4.69	(8.47)	25.47
BBW	2.31	0.33	0.16	0.35	2.01	(2.71)	5.24	(4.23)	20.72
WSM	2.08	0.45	0.17	1.85	1.74	(2.53)	3.43	(3.23)	29.00

Miniso Group Corporate Management

Guofu Ye	Chairman Founder	Profile
AllisYueling Chen	Investor Specialist	Profile
Eason Zhang	Director Relations	Profile
Saiyin Zhang	Ex CFO	Profile
Hoi Wong	Joint Secretary	Profile

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