Meiwu Technology Correlations

WNW Stock

USD 0.84 0.01 1.20%

The current 90-days correlation between Meiwu Technology and MOGU Inc is 0.27 (i.e., Modest diversification). The correlation of Meiwu Technology 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Meiwu Technology Correlation With Market

Average diversification

The correlation between Meiwu Technology Co and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meiwu Technology Co and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Meiwu Technology Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving against Meiwu Stock

0.53	HITI	High Tide	Pair Corr
0.48	PFGC	Performance Food	Pair Corr
0.41	KR	Kroger Company Earnings Call This Week	Pair Corr
0.41	SFM	Sprouts Farmers Market	Pair Corr
0.4	TBBB	BBB Foods	Pair Corr
0.34	DDL	Dingdong ADR	Pair Corr
0.34	WMT	Walmart Aggressive Push	Pair Corr
0.33	WILC	G Willi Food	Pair Corr
0.32	BJ	BJs Wholesale Club	Pair Corr
0.54	CART	Maplebear Common Stock Sell-off Trend	Pair Corr
0.5	UNFI	United Natural Foods	Pair Corr
0.39	F-PB	Ford Motor	Pair Corr
0.36	CASY	Caseys General Stores	Pair Corr
0.31	DXYN	Dixie Group	Pair Corr
0.31	DIIBF	Dorel Industries	Pair Corr

Related Correlations Analysis

	MOGU	IPW	JFBR	PIK	QRTEB	NHTC	LQDT	AKA	BABAF	QRTEP
MOGU		0.42	-0.03	-0.2	0.3	-0.46	-0.03	-0.37	0.59	0.42	MOGU
IPW	0.42		-0.74	-0.03	0.56	-0.12	-0.53	0.29	0.53	0.42	IPW
JFBR	-0.03	-0.74		-0.06	-0.52	-0.35	0.65	-0.46	-0.11	-0.03	JFBR
PIK	-0.2	-0.03	-0.06		-0.11	0.15	-0.14	0.21	-0.2	-0.22	PIK
QRTEB	0.3	0.56	-0.52	-0.11		0.24	-0.55	0.04	0.08	0.37	QRTEB
NHTC	-0.46	-0.12	-0.35	0.15	0.24		-0.22	0.29	-0.77	-0.23	NHTC
LQDT	-0.03	-0.53	0.65	-0.14	-0.55	-0.22		-0.29	-0.04	0.22	LQDT
AKA	-0.37	0.29	-0.46	0.21	0.04	0.29	-0.29		-0.17	-0.07	AKA
BABAF	0.59	0.53	-0.11	-0.2	0.08	-0.77	-0.04	-0.17		0.35	BABAF
QRTEP	0.42	0.42	-0.03	-0.22	0.37	-0.23	0.22	-0.07	0.35		QRTEP
	MOGU	IPW	JFBR	PIK	QRTEB	NHTC	LQDT	AKA	BABAF	QRTEP

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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

LQDT	+ 0.65	JFBR
BABAF	+ 0.59	MOGU
QRTEB	+ 0.56	IPW
BABAF	+ 0.53	IPW
IPW	+ 0.42	MOGU
QRTEP	+ 0.42	MOGU

High negative correlations

BABAF	- 0.77	NHTC
JFBR	- 0.74	IPW
LQDT	- 0.55	QRTEB
LQDT	- 0.53	IPW
QRTEB	- 0.52	JFBR
AKA	- 0.46	JFBR

Risk-Adjusted Indicators

There is a big difference between Meiwu Stock performing well and Meiwu Technology 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 Meiwu Technology'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
MOGU	3.44	(0.12)	(0.01)	0.04	3.90	(4.44)	8.67	(6.48)	32.91
IPW	6.67	(0.91)	0.00	(0.33)	0.00	0.00	13.81	(16.18)	67.04
JFBR	30.65	18.05	1.93	(0.79)	5.79	(44.23)	27.27	(10.53)	991.17
PIK	3.73	(0.14)	0.00	(0.23)	0.00	0.00	9.28	(9.35)	25.87
QRTEB	3.54	(0.18)	0.00	(0.11)	0.00	0.00	9.00	(6.62)	27.73
NHTC	1.60	(0.27)	0.00	(0.59)	0.00	0.00	2.85	(3.33)	13.19
LQDT	1.29	0.07	0.08	0.17	1.35	(1.36)	2.88	(2.17)	9.34
AKA	5.13	(0.26)	(0.01)	0.02	6.48	(5.90)	10.91	(10.91)	39.74
BABAF	3.72	(0.12)	0.01	0.07	4.55	(4.72)	10.04	(7.73)	27.45
QRTEP	1.33	(0.10)	(0.04)	0.04	1.94	(1.39)	3.45	(3.23)	9.82

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