JD Correlations

JD Stock

USD 44.92 0.29 0.64%

The current 90-days correlation between JD Inc Adr and Alibaba Group Holding is 0.7 (i.e., Poor diversification). The correlation of JD 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.

JD Correlation With Market

Modest diversification

The correlation between JD Inc Adr and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JD Inc Adr 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 JD Inc Adr. 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 JD Stock

0.63	YJ	Yunji Inc Earnings Call Today	Pair Corr
0.89	VIPS	Vipshop Holdings	Pair Corr
0.62	AZO	AutoZone	Pair Corr

Moving against JD Stock

0.84	EVGO	Evgo Inc	Pair Corr
0.72	VSCO	Victorias Secret	Pair Corr
0.71	LE	Lands End Earnings Call This Week	Pair Corr
0.66	EDUC	Educational Development	Pair Corr
0.64	WINA	Winmark	Pair Corr
0.62	M	Macys Inc	Pair Corr
0.58	DLTH	Duluth Holdings	Pair Corr
0.51	DXLG	Destination XL Group Earnings Call Today	Pair Corr
0.5	WEYS	Weyco Group	Pair Corr
0.48	ETSY	Etsy Inc	Pair Corr
0.43	W	Wayfair	Pair Corr
0.41	BQ	Boqii Holding Limited	Pair Corr
0.41	FL	Foot Locker	Pair Corr
0.4	RH	RH Earnings Call This Week	Pair Corr
0.83	CAL	Continental	Pair Corr
0.75	FIVE	Five Below	Pair Corr
0.75	AZI	Autozi Internet Tech	Pair Corr
0.72	BKE	Buckle Inc	Pair Corr
0.68	AKA	AKA Brands Holding	Pair Corr
0.67	DBI	Designer Brands Earnings Call Today	Pair Corr
0.6	BBW	Build A Bear	Pair Corr
0.55	ASO	Academy Sports Outdoors Earnings Call Today	Pair Corr
0.54	ANF	Abercrombie Fitch	Pair Corr
0.47	FNKO	Funko Inc	Pair Corr
0.41	AAP	Advance Auto Parts	Pair Corr
0.39	WRBY	Warby Parker	Pair Corr
0.35	CWH	Camping World Holdings Sell-off Trend	Pair Corr
0.34	AEO	American Eagle Outfitters	Pair Corr

Related Correlations Analysis

	BABA	SE	VIPS	JMIA	AMZN	PDD	MELI	GLBE	ETSY	BZUN
BABA		0.67	0.88	-0.82	-0.51	0.89	0.67	-0.7	-0.66	0.73	BABA
SE	0.67		0.55	-0.37	-0.33	0.7	0.86	-0.2	-0.18	0.67	SE
VIPS	0.88	0.55		-0.73	-0.4	0.81	0.45	-0.63	-0.7	0.63	VIPS
JMIA	-0.82	-0.37	-0.73		0.7	-0.54	-0.41	0.95	0.84	-0.25	JMIA
AMZN	-0.51	-0.33	-0.4	0.7		-0.22	-0.33	0.7	0.54	-0.05	AMZN
PDD	0.89	0.7	0.81	-0.54	-0.22		0.68	-0.39	-0.42	0.88	PDD
MELI	0.67	0.86	0.45	-0.41	-0.33	0.68		-0.22	-0.13	0.64	MELI
GLBE	-0.7	-0.2	-0.63	0.95	0.7	-0.39	-0.22		0.86	-0.13	GLBE
ETSY	-0.66	-0.18	-0.7	0.84	0.54	-0.42	-0.13	0.86		-0.13	ETSY
BZUN	0.73	0.67	0.63	-0.25	-0.05	0.88	0.64	-0.13	-0.13		BZUN
	BABA	SE	VIPS	JMIA	AMZN	PDD	MELI	GLBE	ETSY	BZUN

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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

GLBE	+ 0.95	JMIA
PDD	+ 0.89	BABA
VIPS	+ 0.88	BABA
BZUN	+ 0.88	PDD
MELI	+ 0.86	SE
ETSY	+ 0.86	GLBE

High negative correlations

JMIA	- 0.82	BABA
JMIA	- 0.73	VIPS
ETSY	- 0.7	VIPS
GLBE	- 0.7	BABA
ETSY	- 0.66	BABA
GLBE	- 0.63	VIPS

Risk-Adjusted Indicators

There is a big difference between JD Stock performing well and JD 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 JD'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
BABA	2.49	1.02	0.33	1.14	2.38	(2.87)	7.55	(3.80)	18.33
SE	2.12	0.30	0.11	0.18	2.49	(2.20)	4.12	(4.15)	16.75
VIPS	2.23	0.56	0.25	0.51	1.93	(2.64)	5.92	(3.39)	11.07
JMIA	3.34	(0.53)	0.00	(0.36)	0.00	0.00	5.76	(6.67)	33.90
AMZN	1.38	(0.13)	0.00	(0.22)	0.00	0.00	2.32	(3.42)	7.00
PDD	2.26	0.50	0.18	0.55	2.73	(2.64)	6.00	(5.62)	17.18
MELI	1.76	0.15	0.11	0.26	1.92	(2.13)	3.92	(3.20)	10.31
GLBE	2.10	(0.46)	0.00	(0.41)	0.00	0.00	3.74	(7.11)	21.69
ETSY	1.94	(0.31)	0.00	(0.44)	0.00	0.00	4.38	(4.65)	15.08
BZUN	3.28	0.40	0.10	0.27	3.94	(3.53)	6.77	(7.17)	20.47

JD Corporate Management

Daxue Li	Advisor	Profile
Sean Zhang	Director Relations	Profile
YuanChing Shen	Pres Unit	Profile
Ran Xu	Chief Officer	Profile

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