Jowell Global Correlations

JWEL Stock

USD 3.13 0.27 7.94%

The current 90-days correlation between Jowell Global and Hour Loop is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jowell Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jowell Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Jowell Global Correlation With Market

Good diversification

The correlation between Jowell Global and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jowell Global 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 Jowell Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy Jowell Stock please use our How to buy in Jowell Stock guide.

Moving together with Jowell Stock

0.65	HD	Home Depot	Pair Corr
0.79	LB	LandBridge Company	Pair Corr
0.77	VSCO	Victorias Secret	Pair Corr
0.84	WRBY	Warby Parker	Pair Corr
0.64	ABG	Asbury Automotive	Pair Corr
0.82	DDS	Dillards	Pair Corr
0.63	EYE	National Vision Holdings	Pair Corr
0.61	GAP	Gap, Symbol Change	Pair Corr
0.79	GME	GameStop Corp Downward Rally	Pair Corr
0.69	GPI	Group 1 Automotive	Pair Corr
0.78	LAD	Lithia Motors	Pair Corr

Moving against Jowell Stock

0.79	DIBS	1StdibsCom	Pair Corr
0.63	DXLG	Destination XL Group	Pair Corr
0.41	YJ	Yunji Inc	Pair Corr
0.84	BGI	Birks Group	Pair Corr
0.7	ASO	Academy Sports Outdoors	Pair Corr
0.62	BBY	Best Buy	Pair Corr
0.53	DIT	AMCON Distributing	Pair Corr
0.5	AEO	American Eagle Outfitters	Pair Corr
0.42	GPC	Genuine Parts	Pair Corr
0.78	KSS	Kohls Corp	Pair Corr
0.58	GRPN	Groupon	Pair Corr
0.54	ODP	ODP Corp	Pair Corr
0.53	RAY	Raytech Holding	Pair Corr
0.5	HVT	Haverty Furniture	Pair Corr

Related Correlations Analysis

	OCG	HOUR	QRTEB	EMCMF	JFBR	PIK	MOGU	JDCMF	BRAV
OCG		0.3	-0.23	-0.2	0.03	0.29	0.22	0.64	0.0	OCG
HOUR	0.3		-0.36	0.13	0.48	0.07	0.28	0.32	0.0	HOUR
QRTEB	-0.23	-0.36		0.28	-0.64	-0.22	0.21	0.01	0.0	QRTEB
EMCMF	-0.2	0.13	0.28		0.14	-0.15	0.02	-0.19	0.0	EMCMF
JFBR	0.03	0.48	-0.64	0.14		0.02	0.06	-0.02	0.0	JFBR
PIK	0.29	0.07	-0.22	-0.15	0.02		-0.25	-0.14	0.0	PIK
MOGU	0.22	0.28	0.21	0.02	0.06	-0.25		0.58	0.0	MOGU
JDCMF	0.64	0.32	0.01	-0.19	-0.02	-0.14	0.58		0.0	JDCMF
BRAV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BRAV
	OCG	HOUR	QRTEB	EMCMF	JFBR	PIK	MOGU	JDCMF	BRAV

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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

JDCMF	+ 0.64	OCG
JDCMF	+ 0.58	MOGU
JFBR	+ 0.48	HOUR
JDCMF	+ 0.32	HOUR
HOUR	+ 0.3	OCG
PIK	+ 0.29	OCG

High negative correlations

JFBR	- 0.64	QRTEB
QRTEB	- 0.36	HOUR
MOGU	- 0.25	PIK
QRTEB	- 0.23	OCG
PIK	- 0.22	QRTEB
EMCMF	- 0.2	OCG

Risk-Adjusted Indicators

There is a big difference between Jowell Stock performing well and Jowell Global 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 Jowell Global'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
OCG	5.44	0.17	0.03	0.32	5.49	(8.11)	13.33	(10.62)	50.05
HOUR	2.42	0.35	0.07	0.86	3.37	(2.77)	4.40	(4.82)	42.64
QRTEB	3.37	(0.43)	0.00	(1.65)	0.00	0.00	6.47	(6.62)	23.12
EMCMF	59.48	25.51	0.00	1.14	0.00	0.00	0.00	0.00	1,992
JFBR	30.67	18.09	1.83	(0.79)	6.41	(44.63)	27.27	(11.76)	992.31
PIK	3.87	(0.02)	(0.01)	0.10	5.42	(3.94)	9.38	(9.35)	25.87
MOGU	3.36	0.07	0.03	0.18	3.82	(4.24)	8.67	(6.48)	32.91
JDCMF	3.54	0.63	0.05	(0.48)	3.67	(9.50)	14.39	(10.11)	48.50
BRAV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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