Jerash Holdings Correlations

JRSH Stock

USD 3.57 0.02 0.56%

The current 90-days correlation between Jerash Holdings and Vince Holding Corp is -0.08 (i.e., Good diversification). The correlation of Jerash Holdings 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.

Jerash Holdings Correlation With Market

Good diversification

The correlation between Jerash Holdings and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jerash Holdings 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 Jerash Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more detail on how to invest in Jerash Stock please use our How to Invest in Jerash Holdings guide.

Moving together with Jerash Stock

0.76	HAS	Hasbro Inc	Pair Corr
0.84	MAT	Mattel Inc	Pair Corr
0.64	JD	JD Inc Adr	Pair Corr
0.65	VIPS	Vipshop Holdings	Pair Corr
0.8	EVRI	Everi Holdings	Pair Corr

Moving against Jerash Stock

0.81	NVR	NVR Inc	Pair Corr
0.79	WWW	Wolverine World Wide	Pair Corr
0.75	PVH	PVH Corp	Pair Corr
0.74	DHI	DR Horton	Pair Corr
0.71	GIII	G III Apparel	Pair Corr
0.71	JOUT	Johnson Outdoors	Pair Corr
0.68	ONON	On Holding	Pair Corr
0.66	OXM	Oxford Industries Earnings Call This Week	Pair Corr
0.65	LEN	Lennar	Pair Corr
0.63	SKX	Skechers USA	Pair Corr
0.61	PHM	PulteGroup	Pair Corr
0.6	KBH	KB Home	Pair Corr
0.6	VRA	Vera Bradley	Pair Corr
0.55	CRI	Carters	Pair Corr
0.54	SHOO	Steven Madden	Pair Corr
0.53	GOLF	Acushnet Holdings Corp	Pair Corr
0.52	DTC	Solo Brands	Pair Corr
0.51	KTB	Kontoor Brands	Pair Corr
0.43	VNCE	Vince Holding Corp	Pair Corr
0.35	RCKY	Rocky Brands	Pair Corr
0.77	DECK	Deckers Outdoor	Pair Corr
0.74	CAL	Continental	Pair Corr
0.69	GM	General Motors Aggressive Push	Pair Corr
0.68	CMG	Chipotle Mexican Grill	Pair Corr
0.67	FIVE	Five Below	Pair Corr
0.59	DBI	Designer Brands	Pair Corr
0.59	WHR	Whirlpool	Pair Corr
0.48	FUN	Six Flags Entertainment	Pair Corr

Related Correlations Analysis

	VNCE	OXM	GIL	COLM	KTB	SGC	LAKE	GIII	JXJT	DLA
VNCE		0.53	-0.06	-0.03	0.48	0.38	0.63	0.32	0.0	0.0	VNCE
OXM	0.53		-0.07	0.37	0.9	0.78	0.74	0.87	0.0	0.0	OXM
GIL	-0.06	-0.07		0.49	0.13	0.06	0.19	-0.28	0.0	0.0	GIL
COLM	-0.03	0.37	0.49		0.45	0.56	0.29	0.37	0.0	0.0	COLM
KTB	0.48	0.9	0.13	0.45		0.77	0.72	0.83	0.0	0.0	KTB
SGC	0.38	0.78	0.06	0.56	0.77		0.71	0.83	0.0	0.0	SGC
LAKE	0.63	0.74	0.19	0.29	0.72	0.71		0.56	0.0	0.0	LAKE
GIII	0.32	0.87	-0.28	0.37	0.83	0.83	0.56		0.0	0.0	GIII
JXJT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	JXJT
DLA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		DLA
	VNCE	OXM	GIL	COLM	KTB	SGC	LAKE	GIII	JXJT	DLA

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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

KTB	+ 0.9	OXM
GIII	+ 0.87	OXM
GIII	+ 0.83	KTB
GIII	+ 0.83	SGC
SGC	+ 0.78	OXM
SGC	+ 0.77	KTB

High negative correlations

GIII	- 0.28	GIL
GIL	- 0.07	OXM
GIL	- 0.06	VNCE
COLM	- 0.03	VNCE
DLA	- 0.0	JXJT
DLA	- 0.0	GIII

Risk-Adjusted Indicators

There is a big difference between Jerash Stock performing well and Jerash Holdings 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 Jerash Holdings' 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
VNCE	8.31	1.44	0.17	0.42	7.09	(12.13)	13.67	(13.24)	93.72
OXM	1.98	(0.25)	0.00	(0.39)	0.00	0.00	4.93	(3.94)	16.04
GIL	1.12	(0.04)	0.00	(0.12)	0.00	0.00	2.54	(2.56)	8.64
COLM	1.40	(0.18)	0.00	(0.51)	0.00	0.00	2.41	(3.37)	10.58
KTB	1.88	(0.42)	0.00	(0.51)	0.00	0.00	3.75	(3.96)	17.80
SGC	1.83	(0.64)	0.00	25.57	0.00	0.00	2.55	(4.13)	19.33
LAKE	2.07	(0.23)	0.00	(1.18)	0.00	0.00	4.98	(4.79)	16.29
GIII	1.68	(0.32)	0.00	(0.45)	0.00	0.00	3.00	(3.92)	9.63
JXJT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DLA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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