ANTA Sports Correlations

ANPDF Stock  USD 12.35  0.03  0.24%   
The current 90-days correlation between ANTA Sports Products and ANTA Sports Products is 0.13 (i.e., Average diversification). The correlation of ANTA Sports 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.

ANTA Sports Correlation With Market

Good diversification

The correlation between ANTA Sports Products and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ANTA Sports Products and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ANTA Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ANTA Sports 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 ANTA Sports - 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 ANTA Sports Products to buy it.

Moving together with ANTA Pink Sheet

  0.89ANPDY ANTA Sports Products Earnings Call TomorrowPairCorr
  0.8LNNGY Li NingPairCorr
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  0.72SMNNY Shimano Inc ADRPairCorr
  0.81NCBDY BANDAI NAMCO HoldingsPairCorr
  0.85VWAPY Volkswagen AG PrefPairCorr
  0.84VLKAF Volkswagen AGPairCorr
  0.84VWAGY Volkswagen AG 110PairCorr
  0.8VLKPF Volkswagen AG VZOPairCorr
  0.69WM Waste ManagementPairCorr
  0.83VZ Verizon CommunicationsPairCorr
  0.61IBM International BusinessPairCorr
  0.8JNJ Johnson JohnsonPairCorr
  0.75TRV The Travelers CompaniesPairCorr
  0.8KO Coca ColaPairCorr
  0.62INTC IntelPairCorr
  0.61XOM Exxon Mobil CorpPairCorr
  0.79T ATT Inc Earnings Call TomorrowPairCorr

Moving against ANTA Pink Sheet

  0.75AMZN Amazon IncPairCorr
  0.73CUK Carnival Plc ADSPairCorr
  0.5HNHPF Hon Hai PrecisionPairCorr
  0.5ACN Accenture plcPairCorr
  0.34OLCLY Oriental LandPairCorr
  0.31WMT WalmartPairCorr
  0.74MSFT MicrosoftPairCorr
  0.7HD Home DepotPairCorr
  0.69HPQ HP IncPairCorr
  0.68BAC Bank of AmericaPairCorr

Related Correlations Analysis

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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   
LNNGYANPDY
AHCHYANPDY
AHCHYLNNGY
DSDVYLNNGF
DSDVYLNNGY
  
High negative correlations   
AHCHYLNNGF
LNNGFANPDY
LNNGYLNNGF
DSDVYANPDY
DSDVYAHCHY

Risk-Adjusted Indicators

There is a big difference between ANTA Pink Sheet performing well and ANTA Sports 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 ANTA Sports' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ANTA Sports 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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ANTA Sports Corporate Management

Huang WentingHead DepartmentProfile
Min YeHead CenterProfile
Wu ZhichengDeputy DepartmentProfile
Mingwei BiEx DirectorProfile