Meituan ADR Correlations

MPNGY Stock

USD 41.70 3.34 7.42%

The current 90-days correlation between Meituan ADR and PDD Holdings is 0.69 (i.e., Poor diversification). The correlation of Meituan ADR 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Meituan ADR Correlation With Market

Significant diversification

The correlation between Meituan ADR and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meituan ADR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Meituan ADR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Meituan ADR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Meituan ADR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Meituan ADR to buy it.

Moving together with Meituan Pink Sheet

0.83	BABAF	Alibaba Group Holding	Pair Corr
0.78	BABA	Alibaba Group Holding Aggressive Push	Pair Corr
0.83	PDD	PDD Holdings	Pair Corr
0.95	MPNGF	Meituan	Pair Corr
0.87	JDCMF	Jd Com Inc	Pair Corr
0.66	SE	Sea Potential Growth	Pair Corr
0.96	JD	JD Inc Adr Aggressive Push	Pair Corr
0.79	DDD	3D Systems	Pair Corr
0.74	GARPF	Golden Agri Resources	Pair Corr
0.93	CIADY	China Mengniu Dairy	Pair Corr
0.66	AUR	Aurora Innovation Sell-off Trend	Pair Corr

Moving against Meituan Pink Sheet

0.86	MULN	Mullen Automotive	Pair Corr
0.58	AHT	Ashford Hospitality Trust	Pair Corr
0.53	HMTLF	Hitachi Metals	Pair Corr
0.48	SGD	Safe and Green	Pair Corr
0.43	UDR	UDR Inc	Pair Corr
0.4	QLGN	Qualigen Therapeutics	Pair Corr

Related Correlations Analysis

	PDD	JD	BZUN	GLBE	SE	MELI	ETSY
PDD		0.91	0.93	-0.11	0.34	-0.13	-0.47	PDD
JD	0.91		0.86	0.19	0.59	-0.16	-0.5	JD
BZUN	0.93	0.86		-0.15	0.23	0.07	-0.45	BZUN
GLBE	-0.11	0.19	-0.15		0.83	-0.13	0.01	GLBE
SE	0.34	0.59	0.23	0.83		-0.25	-0.3	SE
MELI	-0.13	-0.16	0.07	-0.13	-0.25		0.18	MELI
ETSY	-0.47	-0.5	-0.45	0.01	-0.3	0.18		ETSY
	PDD	JD	BZUN	GLBE	SE	MELI	ETSY

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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

BZUN	+ 0.93	PDD
JD	+ 0.91	PDD
BZUN	+ 0.86	JD
SE	+ 0.83	GLBE
SE	+ 0.59	JD
SE	+ 0.34	PDD

High negative correlations

ETSY	- 0.5	JD
ETSY	- 0.47	PDD
ETSY	- 0.45	BZUN
ETSY	- 0.3	SE
MELI	- 0.25	SE
MELI	- 0.16	JD

Risk-Adjusted Indicators

There is a big difference between Meituan Pink Sheet performing well and Meituan ADR 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 Meituan ADR'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
PDD	2.48	0.20	0.02	(1.02)	3.18	(2.82)	4.85	(5.75)	24.21
JD	2.74	0.55	0.14	1.10	2.94	(3.09)	6.76	(6.99)	23.41
BZUN	3.42	0.27	0.04	0.89	4.14	(3.74)	7.67	(7.14)	27.28
GLBE	1.68	0.54	0.29	0.61	1.21	(1.98)	4.70	(2.91)	12.67
SE	1.63	0.51	0.22	3.72	1.44	(1.95)	4.65	(2.83)	13.28
MELI	1.68	(0.11)	(0.03)	0.02	3.63	(1.46)	4.61	(3.09)	20.82
ETSY	1.70	(0.09)	(0.05)	0.01	2.27	(1.77)	3.43	(4.28)	13.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in Meituan ADR without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Meituan ADR Corporate Management

Rongjun Mu	Sr CoFounder	Profile
Shaohui Chen	CFO VP	Profile
Tao Zhang	Cofounder	Profile
Sijia Xu	Head VP	Profile
Liang Chen	VP	Profile
Xing Wang	Chairman CoFounder	Profile
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