JIADE LIMITED Correlations

JDZG Stock

0.61 0.01 0.81%

The current 90-days correlation between JIADE LIMITED Common and Emerson Radio is -0.02 (i.e., Good diversification). The correlation of JIADE LIMITED 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.

JIADE LIMITED Correlation With Market

Significant diversification

The correlation between JIADE LIMITED Common and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JIADE LIMITED Common 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 JIADE LIMITED Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against JIADE Stock

0.37	IBM	International Business	Pair Corr
0.37	MGIC	Magic Software Enter	Pair Corr
0.31	JKHY	Jack Henry Associates	Pair Corr

Related Correlations Analysis

	MRAM	VPG	AVNW	LASR	MSN	HCM	CTKB
MRAM		0.25	-0.42	0.74	0.18	-0.38	0.86	MRAM
VPG	0.25		0.43	0.34	0.15	-0.22	0.17	VPG
AVNW	-0.42	0.43		0.01	0.26	-0.04	-0.41	AVNW
LASR	0.74	0.34	0.01		0.51	-0.64	0.71	LASR
MSN	0.18	0.15	0.26	0.51		-0.4	0.1	MSN
HCM	-0.38	-0.22	-0.04	-0.64	-0.4		-0.35	HCM
CTKB	0.86	0.17	-0.41	0.71	0.1	-0.35		CTKB
	MRAM	VPG	AVNW	LASR	MSN	HCM	CTKB

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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

CTKB	+ 0.86	MRAM
LASR	+ 0.74	MRAM
CTKB	+ 0.71	LASR
MSN	+ 0.51	LASR
AVNW	+ 0.43	VPG
LASR	+ 0.34	VPG

High negative correlations

HCM	- 0.64	LASR
AVNW	- 0.42	MRAM
CTKB	- 0.41	AVNW
HCM	- 0.4	MSN
HCM	- 0.38	MRAM
CTKB	- 0.35	HCM

Risk-Adjusted Indicators

There is a big difference between JIADE Stock performing well and JIADE LIMITED 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 JIADE LIMITED'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
MRAM	1.83	(0.28)	0.00	(0.32)	0.00	0.00	3.21	(3.58)	11.95
VPG	1.62	0.03	0.00	(0.04)	0.00	0.00	3.57	(3.32)	14.71
AVNW	2.52	0.30	0.10	0.13	2.65	(3.07)	5.24	(4.90)	34.98
LASR	2.66	(0.25)	0.00	(0.28)	0.00	0.00	5.67	(7.08)	16.59
MSN	2.92	0.40	0.09	0.57	3.13	(4.95)	8.16	(6.12)	33.84
HCM	2.57	0.02	0.00	(0.02)	0.00	0.00	6.29	(5.23)	14.74
CTKB	2.61	(0.48)	0.00	(1.13)	0.00	0.00	4.71	(5.17)	27.72

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