Jayud Global Correlations

JYD Stock

4.88 0.12 2.40%

The current 90-days correlation between Jayud Global Logistics and NETGEAR is 0.02 (i.e., Significant diversification). The correlation of Jayud Global 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.

Jayud Global Correlation With Market

Significant diversification

The correlation between Jayud Global Logistics and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jayud Global Logistics 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 Jayud Global Logistics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Jayud Stock

0.78

Genpact Limited

Pair Corr

Moving against Jayud Stock

0.67	FDX	FedEx	Pair Corr
0.67	LSTR	Landstar System	Pair Corr
0.63	NCEW	New Century Logistics	Pair Corr
0.59	JBHT	JB Hunt Transport	Pair Corr
0.59	SGLY	Singularity Future	Pair Corr
0.56	HUBG	Hub Group	Pair Corr
0.55	UPS	United Parcel Service	Pair Corr
0.53	SFWL	Shengfeng Development	Pair Corr
0.41	GXO	GXO Logistics	Pair Corr
0.39	AIRT	Air T Inc	Pair Corr
0.36	FWRD	Forward Air	Pair Corr
0.69	BW	Babcock Wilcox Enter	Pair Corr
0.57	CHRW	CH Robinson Worldwide	Pair Corr
0.56	BV	BrightView Holdings	Pair Corr
0.55	KE	Kimball Electronics	Pair Corr
0.5	CW	Curtiss Wright	Pair Corr
0.46	CYRX	Cryoport Upward Rally	Pair Corr
0.45	IR	Ingersoll Rand	Pair Corr
0.43	J	Jacobs Solutions	Pair Corr
0.31	GD	General Dynamics	Pair Corr

Related Correlations Analysis

	NTGR	JBL	MSN	SONO	NTES	MJDLF	IPGP	MRAM
NTGR		0.7	0.32	0.64	-0.08	0.61	0.48	0.59	NTGR
JBL	0.7		0.72	0.26	0.36	0.78	0.17	0.33	JBL
MSN	0.32	0.72		0.1	0.34	0.42	0.17	0.22	MSN
SONO	0.64	0.26	0.1		-0.6	0.27	0.77	0.82	SONO
NTES	-0.08	0.36	0.34	-0.6		0.18	-0.55	-0.57	NTES
MJDLF	0.61	0.78	0.42	0.27	0.18		0.11	0.39	MJDLF
IPGP	0.48	0.17	0.17	0.77	-0.55	0.11		0.84	IPGP
MRAM	0.59	0.33	0.22	0.82	-0.57	0.39	0.84		MRAM
	NTGR	JBL	MSN	SONO	NTES	MJDLF	IPGP	MRAM

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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

MRAM	+ 0.84	IPGP
MRAM	+ 0.82	SONO
MJDLF	+ 0.78	JBL
IPGP	+ 0.77	SONO
MSN	+ 0.72	JBL
JBL	+ 0.7	NTGR

High negative correlations

NTES	- 0.6	SONO
MRAM	- 0.57	NTES
IPGP	- 0.55	NTES
NTES	- 0.08	NTGR

Risk-Adjusted Indicators

There is a big difference between Jayud Stock performing well and Jayud 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 Jayud 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
NTGR	2.28	0.00	0.00	(0.04)	0.00	0.00	4.49	(5.11)	12.12
JBL	1.68	0.22	0.08	0.14	2.53	(1.65)	3.27	(3.42)	15.22
MSN	2.97	0.18	0.04	0.50	3.46	(5.08)	8.16	(6.12)	33.84
SONO	1.80	(0.23)	0.00	(0.22)	0.00	0.00	4.86	(4.13)	14.04
NTES	1.65	0.14	0.08	0.23	1.92	(1.72)	3.75	(3.10)	12.65
MJDLF	1.78	(0.15)	0.00	(2.19)	0.00	0.00	3.91	(5.39)	15.42
IPGP	1.87	(0.16)	0.00	(0.19)	0.00	0.00	4.47	(4.31)	9.93
MRAM	1.79	(0.28)	0.00	(0.30)	0.00	0.00	3.21	(3.58)	11.95

Jayud Global Corporate Management

Jianhong Huang	Chief Officer	Profile
Lin Bao	Chief Officer	Profile
Mengmeng HU	Chief Officer	Profile
Khim Tan	CoChief Officer	Profile

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