Miniso Group Correlations

MNSO Stock

USD 18.94 1.85 8.90%

The current 90-days correlation between Miniso Group Holding and ODP Corp is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Miniso Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Miniso Group Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Miniso Group Correlation With Market

Modest diversification

The correlation between Miniso Group Holding and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Miniso Group Holding and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miniso Group Holding. 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.

Moving together with Miniso Stock

0.78	M	Macys Inc	Pair Corr
0.76	RH	RH Earnings Call This Week	Pair Corr
0.86	VSCO	Victorias Secret	Pair Corr
0.67	ETSY	Etsy Inc	Pair Corr
0.8	XELB	Xcel Brands	Pair Corr
0.73	KSS	Kohls Corp	Pair Corr
0.72	GLBE	Global E Online	Pair Corr
0.86	KIRK	Kirklands	Pair Corr
0.86	RENT	Rent the Runway	Pair Corr
0.8	UA	Under Armour C	Pair Corr
0.78	WING	Wingstop	Pair Corr
0.7	BZH	Beazer Homes USA	Pair Corr
0.82	CMG	Chipotle Mexican Grill	Pair Corr
0.73	DIN	Dine Brands Global	Pair Corr
0.76	HOV	Hovnanian Enterprises	Pair Corr
0.65	KBH	KB Home	Pair Corr
0.75	KTB	Kontoor Brands	Pair Corr

Moving against Miniso Stock

0.84	BABA	Alibaba Group Holding	Pair Corr
0.78	VIPS	Vipshop Holdings	Pair Corr
0.75	AZO	AutoZone	Pair Corr
0.74	MELI	MercadoLibre	Pair Corr
0.73	PDD	PDD Holdings	Pair Corr
0.69	JD	JD Inc Adr	Pair Corr
0.47	JWN	Nordstrom	Pair Corr
0.78	YUM	Yum Brands	Pair Corr
0.67	MCD	McDonalds	Pair Corr
0.45	DRI	Darden Restaurants	Pair Corr

Related Correlations Analysis

	LESL	SBH	ODP	FLWS	CASY	EYE	SPWH	BGFV	BBW	WSM
LESL		0.9	0.95	0.7	0.13	-0.77	0.95	0.94	0.67	0.51	LESL
SBH	0.9		0.95	0.5	0.01	-0.69	0.86	0.84	0.61	0.34	SBH
ODP	0.95	0.95		0.65	0.12	-0.73	0.91	0.91	0.58	0.46	ODP
FLWS	0.7	0.5	0.65		0.53	-0.38	0.68	0.68	0.44	0.88	FLWS
CASY	0.13	0.01	0.12	0.53		0.32	0.09	0.12	-0.04	0.62	CASY
EYE	-0.77	-0.69	-0.73	-0.38	0.32		-0.78	-0.73	-0.57	-0.13	EYE
SPWH	0.95	0.86	0.91	0.68	0.09	-0.78		0.95	0.79	0.42	SPWH
BGFV	0.94	0.84	0.91	0.68	0.12	-0.73	0.95		0.72	0.48	BGFV
BBW	0.67	0.61	0.58	0.44	-0.04	-0.57	0.79	0.72		0.22	BBW
WSM	0.51	0.34	0.46	0.88	0.62	-0.13	0.42	0.48	0.22		WSM
	LESL	SBH	ODP	FLWS	CASY	EYE	SPWH	BGFV	BBW	WSM

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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

ODP	+ 0.95	LESL
SPWH	+ 0.95	LESL
ODP	+ 0.95	SBH
BGFV	+ 0.95	SPWH
BGFV	+ 0.94	LESL
SPWH	+ 0.91	ODP

High negative correlations

SPWH	- 0.78	EYE
EYE	- 0.77	LESL
BGFV	- 0.73	EYE
EYE	- 0.73	ODP
EYE	- 0.69	SBH
BBW	- 0.57	EYE

Risk-Adjusted Indicators

There is a big difference between Miniso Stock performing well and Miniso Group 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 Miniso Group'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
LESL	3.69	(1.41)	0.00	(0.65)	0.00	0.00	5.48	(7.27)	33.16
SBH	2.12	(0.48)	0.00	(0.63)	0.00	0.00	4.00	(5.17)	10.83
ODP	2.96	(0.83)	0.00	(1.49)	0.00	0.00	6.19	(6.61)	27.92
FLWS	2.76	(0.32)	0.00	(0.31)	0.00	0.00	5.36	(6.68)	15.19
CASY	1.45	0.01	0.00	(0.06)	0.00	0.00	2.76	(3.55)	10.41
EYE	2.20	0.31	0.11	0.20	2.50	(2.38)	4.71	(4.45)	16.13
SPWH	3.34	(1.25)	0.00	(0.92)	0.00	0.00	5.61	(6.69)	24.18
BGFV	3.09	(0.64)	0.00	0.66	0.00	0.00	5.32	(4.97)	52.38
BBW	2.21	(0.04)	0.00	(0.10)	0.00	0.00	4.55	(5.00)	13.31
WSM	1.92	(0.17)	0.00	(0.21)	0.00	0.00	3.45	(5.56)	10.71

Miniso Group Corporate Management

Guofu Ye	Chairman Founder	Profile
AllisYueling Chen	Investor Specialist	Profile
Eason Zhang	Director Relations	Profile
Saiyin Zhang	Ex CFO	Profile
Hoi Wong	Joint Secretary	Profile

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