J Long Correlations

JL Stock

0.32 0.01 3.23%

The current 90-days correlation between J Long Group and Pool Corporation is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as J Long moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if J Long Group Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

J Long Correlation With Market

Significant diversification

The correlation between J Long Group Limited and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding J Long Group Limited 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 J Long Group Limited. 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 against J Long Stock

0.36	AN	AutoNation	Pair Corr
0.31	ETSY	Etsy Inc	Pair Corr
0.32	BKE	Buckle Inc	Pair Corr
0.32	FND	Floor Decor Holdings	Pair Corr
0.5	TJX	TJX Companies	Pair Corr
0.33	GLBE	Global E Online	Pair Corr

Related Correlations Analysis

	POOL	ZEUS	SE	PVARF	PNR	WNW	TITN	GAP
POOL		0.38	0.57	0.23	0.64	0.04	0.43	0.21	POOL
ZEUS	0.38		0.4	-0.01	0.4	0.25	0.63	0.57	ZEUS
SE	0.57	0.4		0.58	0.91	-0.1	0.53	0.42	SE
PVARF	0.23	-0.01	0.58		0.69	-0.37	0.49	0.34	PVARF
PNR	0.64	0.4	0.91	0.69		-0.12	0.58	0.36	PNR
WNW	0.04	0.25	-0.1	-0.37	-0.12		-0.02	0.09	WNW
TITN	0.43	0.63	0.53	0.49	0.58	-0.02		0.74	TITN
GAP	0.21	0.57	0.42	0.34	0.36	0.09	0.74		GAP
	POOL	ZEUS	SE	PVARF	PNR	WNW	TITN	GAP

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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

PNR	+ 0.91	SE
GAP	+ 0.74	TITN
PNR	+ 0.69	PVARF
PNR	+ 0.64	POOL
TITN	+ 0.63	ZEUS
PVARF	+ 0.58	SE

High negative correlations

WNW	- 0.37	PVARF
WNW	- 0.12	PNR
WNW	- 0.1	SE
TITN	- 0.02	WNW
PVARF	- 0.01	ZEUS

Risk-Adjusted Indicators

There is a big difference between J Long Stock performing well and J Long 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 J Long'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
POOL	1.27	0.00	(0.01)	0.12	1.75	(1.28)	2.75	(3.00)	12.54
ZEUS	2.10	(0.22)	(0.03)	0.02	2.64	(2.16)	4.04	(4.04)	14.90
SE	1.62	0.48	0.22	2.52	1.42	(1.96)	4.65	(2.83)	13.28
PVARF	0.37	0.08	0.00	0.70	0.00	0.00	0.00	0.00	10.45
PNR	0.86	0.26	0.26	0.48	0.46	(1.07)	1.95	(1.08)	5.19
WNW	2.75	0.13	0.03	0.29	2.82	(4.57)	7.41	(5.81)	29.28
TITN	2.21	(0.13)	0.03	0.08	2.66	(2.37)	5.83	(4.18)	19.53
GAP	2.03	(0.07)	(0.01)	0.07	2.24	(2.42)	4.19	(3.80)	13.00

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