Jumia Technologies Correlations

JMIA Stock

USD 2.55 0.08 3.24%

The correlation of Jumia Technologies 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.

Jumia Technologies Correlation With Market

Weak diversification

The correlation between Jumia Technologies AG and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jumia Technologies AG 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 Jumia Technologies AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Jumia Stock

0.71	M	Macys Inc	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.89	RH	RH Earnings Call Tomorrow	Pair Corr
0.9	VSCO	Victorias Secret	Pair Corr
0.86	ETSY	Etsy Inc	Pair Corr
0.76	DDS	Dillards	Pair Corr
0.76	DKS	Dicks Sporting Goods	Pair Corr
0.82	XELB	Xcel Brands	Pair Corr
0.78	FND	Floor Decor Holdings	Pair Corr
0.79	KSS	Kohls Corp Upward Rally	Pair Corr
0.74	LOW	Lowes Companies	Pair Corr
0.94	GLBE	Global E Online	Pair Corr
0.89	KIRK	Kirklands	Pair Corr
0.9	RENT	Rent the Runway	Pair Corr
0.83	UA	Under Armour C	Pair Corr
0.96	WING	Wingstop	Pair Corr
0.7	BZH	Beazer Homes USA	Pair Corr
0.73	CCS	Century Communities	Pair Corr
0.89	CMG	Chipotle Mexican Grill	Pair Corr
0.79	DIN	Dine Brands Global	Pair Corr
0.92	HOV	Hovnanian Enterprises	Pair Corr
0.79	KBH	KB Home	Pair Corr
0.89	KTB	Kontoor Brands	Pair Corr

Moving against Jumia Stock

0.84	BABA	Alibaba Group Holding	Pair Corr
0.77	VIPS	Vipshop Holdings	Pair Corr
0.72	AZO	AutoZone	Pair Corr
0.64	MELI	MercadoLibre	Pair Corr
0.62	JD	JD Inc Adr	Pair Corr
0.62	PDD	PDD Holdings	Pair Corr
0.52	JWN	Nordstrom	Pair Corr
0.81	YUM	Yum Brands	Pair Corr
0.64	MCD	McDonalds	Pair Corr
0.36	DRI	Darden Restaurants	Pair Corr

Related Correlations Analysis

	SE	MELI	PDD	FTCH	JD	BABA	VIPS	GLBE	BZUN
SE		0.86	0.88	0.0	0.83	0.86	0.8	-0.4	0.72	SE
MELI	0.86		0.9	0.0	0.8	0.89	0.74	-0.46	0.67	MELI
PDD	0.88	0.9		0.0	0.88	0.91	0.84	-0.49	0.72	PDD
FTCH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FTCH
JD	0.83	0.8	0.88	0.0		0.83	0.9	-0.49	0.61	JD
BABA	0.86	0.89	0.91	0.0	0.83		0.9	-0.74	0.63	BABA
VIPS	0.8	0.74	0.84	0.0	0.9	0.9		-0.69	0.52	VIPS
GLBE	-0.4	-0.46	-0.49	0.0	-0.49	-0.74	-0.69		-0.08	GLBE
BZUN	0.72	0.67	0.72	0.0	0.61	0.63	0.52	-0.08		BZUN
	SE	MELI	PDD	FTCH	JD	BABA	VIPS	GLBE	BZUN

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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

BABA	+ 0.91	PDD
PDD	+ 0.9	MELI
VIPS	+ 0.9	JD
VIPS	+ 0.9	BABA
BABA	+ 0.89	MELI
PDD	+ 0.88	SE

High negative correlations

GLBE	- 0.74	BABA
GLBE	- 0.69	VIPS
GLBE	- 0.49	JD
GLBE	- 0.49	PDD
GLBE	- 0.46	MELI
GLBE	- 0.4	SE

Risk-Adjusted Indicators

There is a big difference between Jumia Stock performing well and Jumia Technologies 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 Jumia Technologies' 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
SE	2.08	0.25	0.09	0.19	2.52	(2.13)	4.09	(4.15)	16.75
MELI	1.77	0.29	0.16	0.56	1.82	(2.10)	3.92	(3.20)	12.01
PDD	2.23	0.43	0.16	0.89	2.63	(2.65)	5.57	(4.20)	17.18
FTCH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JD	2.50	0.29	0.10	0.36	2.74	(2.69)	5.22	(4.13)	17.44
BABA	2.42	0.74	0.25	1.74	2.46	(2.76)	6.71	(3.80)	18.33
VIPS	2.13	0.38	0.18	0.59	1.94	(2.55)	5.76	(3.34)	11.07
GLBE	2.13	(0.47)	0.00	(0.36)	0.00	0.00	3.30	(3.94)	21.69
BZUN	3.45	(0.15)	0.00	(0.12)	0.00	0.00	6.54	(7.98)	22.05

Jumia Technologies Corporate Management

Angela Mwanza	Independent Member of the Supervisory Board	Profile
Blaise JudjaSato	Independent Member of the Supervisory Board	Profile
Francis Dufay	Acting Board	Profile
John Rittenhouse	Independent Member of the Supervisory Board	Profile
Jonathan Klein	Independent Chairman of supervisory board	Profile
Gilles Bogaert	Member of the Supervisory Board	Profile

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