Miniso Group Correlations

Miniso Group Correlation With Market

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.

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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    EYE + 0.75 CASY SBH + 0.68 LESL ODP + 0.66 LESL WSM + 0.66 BBW ODP + 0.65 SBH CASY + 0.46 SBH

High negative correlations    WSM - 0.82 LESL BBW - 0.72 LESL BBW - 0.71 SBH WSM - 0.7 ODP WSM - 0.61 SBH BBW - 0.56 ODP

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.