ANTA Sports Correlations
| ANPDY Stock | USD 286.75 8.80 2.98% |
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. If the correlation is 0, the equities are not correlated; they are entirely random.
ANTA Sports Correlation With Market
Average diversification
The correlation between ANTA Sports Products and DJI is 0.13 (i.e., Average 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.
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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
| 0.9 | ANPDF | ANTA Sports Products | PairCorr |
| 0.88 | LNNGY | Li Ning | PairCorr |
| 0.76 | SMNNY | Shimano Inc ADR | PairCorr |
| 0.78 | NCBDY | BANDAI NAMCO Holdings | PairCorr |
| 0.8 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.78 | VLKAF | Volkswagen AG | PairCorr |
| 0.79 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.78 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.61 | WM | Waste Management | PairCorr |
| 0.77 | VZ | Verizon Communications | PairCorr |
| 0.73 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.76 | TRV | The Travelers Companies | PairCorr |
| 0.7 | KO | Coca Cola | PairCorr |
| 0.69 | T | ATT Inc Sell-off Trend | PairCorr |
Moving against ANTA Pink Sheet
| 0.68 | CUK | Carnival Plc ADS | PairCorr |
| 0.66 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.51 | HNHPF | Hon Hai Precision | PairCorr |
| 0.44 | ACN | Accenture plc | PairCorr |
| 0.72 | HPQ | HP Inc | PairCorr |
| 0.7 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.61 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.59 | HD | Home Depot | PairCorr |
| 0.32 | JPM | JPMorgan Chase | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CLKXF | 0.47 | (0.07) | 0.00 | (0.70) | 0.00 | 1.20 | 6.89 | |||
| ANPDF | 1.40 | 0.18 | 0.04 | 3.70 | 2.34 | 6.78 | 11.85 | |||
| BWMG | 11.70 | 2.11 | 0.08 | (2.54) | 12.41 | 38.46 | 145.08 | |||
| GDHG | 6.43 | 0.33 | 0.05 | (0.22) | 8.68 | 15.65 | 37.56 | |||
| DOGZ | 6.84 | 0.31 | 0.02 | 0.12 | 12.85 | 10.32 | 75.06 | |||
| OSW | 1.75 | 0.00 | 0.00 | 0.00 | 0.00 | 3.84 | 13.78 | |||
| XPOF | 3.84 | (0.67) | 0.00 | (48.27) | 0.00 | 6.76 | 47.84 | |||
| FXLV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BOWL | 2.13 | 0.65 | 0.28 | 0.81 | 1.94 | 9.50 | 11.61 |
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.Did you try this?
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ANTA Sports Corporate Management
| Huang Wenting | Head Department | Profile | |
| Min Ye | Head Center | Profile | |
| Wu Zhicheng | Deputy Department | Profile | |
| Mingwei Bi | Ex Director | Profile |