China Yuchai Correlations

Stocks . USA . 
Stock . China Yuchai International
CYD Stock  USD 9.42  0.21  2.28%   
The current 90-days correlation between China Yuchai Interna and Sonida Senior Living is 0.04 (i.e., Significant diversification). The correlation of China Yuchai 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 Yuchai Correlation With Market

Good diversification

The correlation between China Yuchai International and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Yuchai International and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Yuchai International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with China Stock

  0.67EVKG Ever Glory InternatiPairCorr
  0.65EXTO Almacenes xito SAPairCorr
  0.7FIGS Figs IncPairCorr
  0.72AVY Avery Dennison CorpPairCorr
  0.7DSS DSS IncPairCorr
  0.8IPW iPower IncPairCorr

Moving against China Stock

  0.84IP International PaperPairCorr
  0.81DRVN Driven Brands HoldingsPairCorr
  0.74ELMSQ Electric Last MilePairCorr
  0.74SW Smurfit WestRock plcPairCorr
  0.67VIRC Virco ManufacturingPairCorr
  0.43DIIBF Dorel IndustriesPairCorr
  0.76GEF Greif Bros Earnings Call This WeekPairCorr
  0.66WBUY WEBUY GLOBAL LTDPairCorr
  0.65FLUT Flutter Entertainment plcPairCorr
  0.31FRZA Forza X1PairCorr
  0.9KAR KAR Auction ServicesPairCorr
  0.81NCL Northann CorpPairCorr

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   
DSWL
+ 0.54
CAAS
CHNR
+ 0.49
CAAS
DSWL
+ 0.47
CHNR
UTSI
+ 0.4
CHNR
DSWL
+ 0.3
UTSI
UTSI
+ 0.24
SNDA
  
High negative correlations   
DSWL
- 0.54
SNDA
SNDA
- 0.52
CAAS
SNDA
- 0.34
CHNR

Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China Yuchai 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 Yuchai'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.

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