JJill Correlations

Stocks . USA . 
Stock . JJill Inc
JILL Stock  USD 19.49  0.88  4.73%   
The current 90-days correlation between JJill Inc and Citi Trends is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JJill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JJill Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

JJill Correlation With Market

Very weak diversification

The correlation between JJill Inc and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JJill Inc 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 JJill Inc. 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 economic analysis.

Moving together with JJill Stock

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Moving against JJill Stock

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  0.62JD JD Inc Adr Sell-off TrendPairCorr
  0.33YJ Yunji Inc Earnings Call TodayPairCorr
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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between JJill Stock performing well and JJill 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 JJill'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.

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