Jeffs Brands Correlations

Stocks . USA . 
Stock . Jeffs Brands
JFBRW Stock  USD 0.02  0.0002  0.98%   
The current 90-days correlation between Jeffs Brands and Jeffs Brands is -0.01 (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

Significant diversification

The correlation between Jeffs Brands and DJI is 0.07 (i.e., Significant 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 metropolitan statistical area.
For more information on how to buy Jeffs Stock please use our How to Invest in Jeffs Brands guide.

Moving together with Jeffs Stock

  0.65FIVE Five BelowPairCorr
  0.8CAL ContinentalPairCorr
  0.64PLCE Childrens PlacePairCorr
  0.68CMG Chipotle Mexican GrillPairCorr
  0.65DHI DR HortonPairCorr
  0.62KBH KB HomePairCorr
  0.72LEN LennarPairCorr

Moving against Jeffs Stock

  0.79AGS PlayAGSPairCorr
  0.75EVRI Everi HoldingsPairCorr
  0.66PDD PDD Holdings Buyout TrendPairCorr
  0.57JD JD Inc Adr Aggressive PushPairCorr
  0.57VIPS Vipshop HoldingsPairCorr
  0.56GIL Gildan ActivewearPairCorr
  0.54AZO AutoZonePairCorr
  0.47GPC Genuine PartsPairCorr
  0.46DPZ Dominos Pizza CommonPairCorr
  0.44BZUN Baozun IncPairCorr
  0.4GPI Group 1 AutomotivePairCorr
  0.75LTH Life Time GroupPairCorr
  0.6LNW Light WonderPairCorr
  0.6MAT Mattel IncPairCorr
  0.52YUM Yum BrandsPairCorr
  0.51INSE Inspired EntertainmentPairCorr
  0.46HAS Hasbro IncPairCorr
  0.42MCD McDonaldsPairCorr

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   
STSSW
+ 0.57
JFBR
BIAFW
+ 0.31
JFBR
BRSHW
+ 0.0
JFBR
STSSW
+ 0.0
BRSHW
BIAFW
+ 0.0
BRSHW
NCRA
+ 0.0
BRSHW
  
High negative correlations   
NCRA
- 0.25
BIAFW
BIAFW
- 0.14
STSSW
NCRA
- 0.13
JFBR
NCRA
- 0.07
STSSW
NCRA
- 0.0
BRSHW
BIAFW
- 0.0
BRSHW

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.

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