JBDI Holdings Correlations

Stocks . USA . 
Stock . JBDI Holdings Limited
JBDI Stock   0.59  0.01  1.72%   
The current 90-days correlation between JBDI Holdings Limited and Nuvve Holding Corp is 0.19 (i.e., Average diversification). The correlation of JBDI Holdings 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.

JBDI Holdings Correlation With Market

Good diversification

The correlation between JBDI Holdings Limited and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JBDI Holdings Limited and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JBDI Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with JBDI Stock

  0.79NVVE Nuvve Holding CorpPairCorr
  0.75CHPT ChargePoint HoldingsPairCorr
  0.88EBET Ebet IncPairCorr
  0.78EXTO Almacenes xito SAPairCorr
  0.74FIGS Figs Inc Downward RallyPairCorr
  0.81AVY Avery Dennison CorpPairCorr
  0.7CCK Crown HoldingsPairCorr
  0.93CYD China Yuchai InternaPairCorr
  0.85DSS DSS IncPairCorr
  0.8IPW iPower IncPairCorr
  0.69IVP Inspire VeterinaryPairCorr
  0.76FXLV F45 Training HoldingsPairCorr

Moving against JBDI Stock

  0.89VSTO Vista OutdoorPairCorr
  0.88DRVN Driven Brands HoldingsPairCorr
  0.85ZOOZ ZOOZ PowerPairCorr
  0.84IP International PaperPairCorr
  0.84SW Smurfit WestRock plcPairCorr
  0.74WBUY WEBUY GLOBAL LTDPairCorr
  0.64ZOOZW ZOOZ PowerPairCorr
  0.47DXYN Dixie GroupPairCorr
  0.41EFOI Energy FocuPairCorr
  0.91KAR KAR Auction ServicesPairCorr
  0.9KRT Karat PackagingPairCorr
  0.85FLUT Flutter Entertainment plcPairCorr
  0.63GEF Greif BrosPairCorr
  0.36AIN Albany InternationalPairCorr
  0.83NCL Northann CorpPairCorr
  0.82PKG Packaging Corp Fiscal Year End 22nd of January 2025 PairCorr

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   
DNOW
+ 0.9
AL
AL
+ 0.74
ZOOZ
DNOW
+ 0.71
ZOOZ
CHPT
+ 0.69
NVVE
ZOOZ
+ 0.59
ZOOZW
AL
+ 0.49
ZOOZW
  
High negative correlations   
NVVE
- 0.8
ZOOZ
AL
- 0.67
CGTL
NVVE
- 0.63
ZOOZW
AL
- 0.62
CHPT
DNOW
- 0.62
CGTL
CHPT
- 0.62
ZOOZ

Risk-Adjusted Indicators

There is a big difference between JBDI Stock performing well and JBDI Holdings 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 JBDI Holdings' 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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