Jeffs Brands Correlations

JFBR Stock

USD 2.67 0.18 7.23%

The current 90-days correlation between Jeffs Brands and Kidpik Corp is -0.08 (i.e., Good diversification). The correlation of Jeffs Brands 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Jeffs Brands Correlation With Market

Good diversification

The correlation between Jeffs Brands 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 Jeffs Brands 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 Jeffs Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in Jeffs Stock, please use our How to Invest in Jeffs Brands guide.

Moving together with Jeffs Stock

0.71	VSCO	Victorias Secret	Pair Corr
0.81	WRBY	Warby Parker	Pair Corr
0.62	ABG	Asbury Automotive	Pair Corr
0.61	EYE	National Vision Holdings	Pair Corr
0.79	GME	GameStop Corp Downward Rally	Pair Corr

Moving against Jeffs Stock

0.74	BGI	Birks Group	Pair Corr
0.67	ASO	Academy Sports Outdoors	Pair Corr
0.59	AEO	American Eagle Outfitters	Pair Corr
0.56	BBY	Best Buy	Pair Corr
0.54	GRPN	Groupon	Pair Corr
0.51	DIT	AMCON Distributing	Pair Corr
0.45	YJ	Yunji Inc	Pair Corr
0.4	HVT	Haverty Furniture	Pair Corr
0.35	RAY	Raytech Holding	Pair Corr
0.57	NEGG	Newegg Commerce	Pair Corr
0.57	SCVL	Shoe Carnival	Pair Corr
0.49	ULTA	Ulta Beauty Earnings Call This Week	Pair Corr
0.45	SNBR	Sleep Number Corp	Pair Corr
0.35	BOOT	Boot Barn Holdings	Pair Corr
0.34	UCAR	U Power Limited	Pair Corr
0.32	IH	Ihuman Inc	Pair Corr

Related Correlations Analysis

	HOUR	PIK	MOGU	JWEL	QRTEB	IPW	SECO	TKAT	WNW	NEGG
HOUR		0.07	0.28	0.48	-0.36	-0.21	-0.1	-0.55	0.14	-0.58	HOUR
PIK	0.07		-0.25	0.02	-0.22	-0.07	0.24	-0.22	-0.13	-0.21	PIK
MOGU	0.28	-0.25		0.22	0.21	0.3	-0.34	-0.06	0.26	-0.14	MOGU
JWEL	0.48	0.02	0.22		-0.69	-0.59	-0.24	-0.71	0.45	-0.71	JWEL
QRTEB	-0.36	-0.22	0.21	-0.69		0.69	0.04	0.83	-0.13	0.74	QRTEB
IPW	-0.21	-0.07	0.3	-0.59	0.69		0.13	0.51	-0.29	0.42	IPW
SECO	-0.1	0.24	-0.34	-0.24	0.04	0.13		0.26	0.14	0.2	SECO
TKAT	-0.55	-0.22	-0.06	-0.71	0.83	0.51	0.26		-0.01	0.89	TKAT
WNW	0.14	-0.13	0.26	0.45	-0.13	-0.29	0.14	-0.01		0.03	WNW
NEGG	-0.58	-0.21	-0.14	-0.71	0.74	0.42	0.2	0.89	0.03		NEGG
	HOUR	PIK	MOGU	JWEL	QRTEB	IPW	SECO	TKAT	WNW	NEGG

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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

NEGG	+ 0.89	TKAT
TKAT	+ 0.83	QRTEB
NEGG	+ 0.74	QRTEB
IPW	+ 0.69	QRTEB
TKAT	+ 0.51	IPW
JWEL	+ 0.48	HOUR

High negative correlations

NEGG	- 0.71	JWEL
TKAT	- 0.71	JWEL
QRTEB	- 0.69	JWEL
IPW	- 0.59	JWEL
NEGG	- 0.58	HOUR
TKAT	- 0.55	HOUR

Risk-Adjusted Indicators

There is a big difference between Jeffs Stock performing well and Jeffs Brands 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 Jeffs Brands' 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
HOUR	2.42	0.35	0.07	0.86	3.37	(2.77)	4.40	(4.82)	42.64
PIK	3.87	(0.02)	(0.01)	0.10	5.42	(3.94)	9.38	(9.35)	25.87
MOGU	3.36	0.07	0.03	0.18	3.82	(4.24)	8.67	(6.48)	32.91
JWEL	7.12	2.27	0.24	(1.07)	6.00	(9.05)	29.63	(11.22)	66.01
QRTEB	3.37	(0.43)	0.00	(1.65)	0.00	0.00	6.47	(6.62)	23.12
IPW	6.89	(0.41)	0.00	(0.12)	0.00	0.00	16.41	(16.18)	67.04
SECO	5.16	0.25	0.03	0.58	5.49	(6.88)	14.29	(10.00)	45.51
TKAT	4.97	(1.16)	0.00	(22.56)	0.00	0.00	9.38	(13.16)	43.88
WNW	2.76	0.32	0.08	0.65	2.63	(4.55)	7.41	(4.82)	29.28
NEGG	2.87	(0.50)	0.00	(0.28)	0.00	0.00	6.35	(5.97)	21.81

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