China Jo Correlations
| CJJDDelisted Stock | USD 1.44 2.74 65.55% |
The correlation of China Jo 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.
China Jo Correlation With Market
Significant diversification
The correlation between China Jo Jo Drugstores and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Jo Jo Drugstores and DJI in the same portfolio, assuming nothing else is changed.
China |
Moving together with China Stock
Moving against China Stock
| 0.86 | KO | Coca Cola | PairCorr |
| 0.86 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.81 | VZ | Verizon Communications | PairCorr |
| 0.78 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.71 | MCD | McDonalds | PairCorr |
| 0.61 | CVX | Chevron Corp | PairCorr |
| 0.54 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.53 | INTC | Intel Sell-off Trend | PairCorr |
| 0.53 | MMM | 3M Company | PairCorr |
| 0.47 | PG | Procter Gamble | PairCorr |
| 0.33 | DD | Dupont De Nemours | 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 China Stock performing well and China Jo 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 China Jo'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MEDS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MDVL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SSY | 5.13 | 0.90 | 0.14 | 0.56 | 5.46 | 9.41 | 72.92 | |||
| LFLY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ALST | 5.14 | 0.19 | 0.00 | 0.02 | 7.76 | 25.00 | 45.00 | |||
| HEWA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FFLWF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BIMI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WBA | 3.13 | 0.22 | 0.08 | (0.40) | 3.50 | 6.50 | 37.85 | |||
| RAD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Delisting Warning - CJJD
China Jo Jo was delisted
| The entity China Jo Jo Drugstores with a symbol CJJD was delisted from NASDAQ Exchange. Please try Ridgetech, with a symbol RDGT from now on. Check all delisted instruments accross multiple markets. |
Still Interested in China Jo Jo Drugstores?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.