Yanlord Land Correlations

YLDGY Stock

USD 10.62 0.00 0.00%

The current 90-days correlation between Yanlord Land Group and NRG Energy is -0.02 (i.e., Good diversification). The correlation of Yanlord Land 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.

Yanlord Land Correlation With Market

Good diversification

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

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

Moving together with Yanlord Pink Sheet

0.82	CRBJY	China Resources Land	Pair Corr
0.84	CRBJF	China Resources Land	Pair Corr
0.82	CHVKF	China Vanke	Pair Corr
0.67	CHVKY	China Vanke	Pair Corr
0.7	CAOVY	China Overseas Land	Pair Corr
0.76	CAOVF	China Overseas Land	Pair Corr
0.97	SSNLF	Samsung Electronics	Pair Corr
0.71	BSTZ	BlackRock Science	Pair Corr
0.63	K	Kellanova	Pair Corr
0.77	ADSK	Autodesk	Pair Corr
0.74	EME	EMCOR Group	Pair Corr
0.83	MAR	Marriott International	Pair Corr
0.61	JBLU	JetBlue Airways Corp	Pair Corr
0.63	APLD	Applied Blockchain	Pair Corr
0.69	NRG	NRG Energy	Pair Corr
0.87	VSTO	Vista Outdoor	Pair Corr
0.68	CCB	Coastal Financial Corp	Pair Corr
0.71	RIOT	Riot Blockchain Buyout Trend	Pair Corr

Moving against Yanlord Pink Sheet

0.8	BKRKY	Bank Rakyat	Pair Corr
0.79	EC	Ecopetrol SA ADR	Pair Corr
0.77	BKRKF	PT Bank Rakyat	Pair Corr
0.76	TLK	Telkom Indonesia Tbk	Pair Corr
0.7	PPERF	Bank Mandiri Persero	Pair Corr
0.69	PPERY	Bank Mandiri Persero	Pair Corr
0.59	CHKGF	CK Asset Holdings	Pair Corr
0.36	PBCRY	Bank Central Asia	Pair Corr

Related Correlations Analysis

	VMD	SWX	BNTX	NRG	XPOF	PCYO	KNTK
VMD		0.52	0.22	0.55	0.26	0.44	0.68	VMD
SWX	0.52		0.36	0.78	0.58	0.84	0.84	SWX
BNTX	0.22	0.36		0.45	-0.13	0.12	0.16	BNTX
NRG	0.55	0.78	0.45		0.34	0.71	0.77	NRG
XPOF	0.26	0.58	-0.13	0.34		0.72	0.71	XPOF
PCYO	0.44	0.84	0.12	0.71	0.72		0.91	PCYO
KNTK	0.68	0.84	0.16	0.77	0.71	0.91		KNTK
	VMD	SWX	BNTX	NRG	XPOF	PCYO	KNTK

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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

KNTK	+ 0.91	PCYO
PCYO	+ 0.84	SWX
KNTK	+ 0.84	SWX
NRG	+ 0.78	SWX
KNTK	+ 0.77	NRG
PCYO	+ 0.72	XPOF

High negative correlations

XPOF

- 0.13

BNTX

Risk-Adjusted Indicators

There is a big difference between Yanlord Pink Sheet performing well and Yanlord Land 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 Yanlord Land'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
VMD	1.51	0.09	0.06	0.19	1.67	(1.62)	3.30	(2.76)	10.98
SWX	1.15	0.08	0.01	0.30	1.14	(1.24)	2.48	(2.13)	7.12
BNTX	2.36	0.42	0.16	0.51	2.30	(2.73)	5.96	(3.90)	24.81
NRG	1.84	0.23	0.07	0.57	2.29	(2.02)	3.63	(3.98)	12.23
XPOF	2.87	0.17	0.06	0.26	3.04	(3.16)	5.96	(5.28)	35.52
PCYO	1.74	0.32	0.22	0.32	1.40	(2.04)	4.75	(3.22)	13.79
KNTK	1.50	0.42	0.21	0.68	1.33	(1.71)	3.19	(2.38)	11.51

Be your own money manager

Our tools can tell you how much better you can do entering a position in Yanlord Land 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.

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Yanlord Land Corporate Management

Ching Lam	General Manager - Zhuhai Operations	Profile
Ka Sze	Head Relations	Profile
Chi Chan	Group Financial Controller	Profile
Ean Sau	Company Secretary	Profile

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