Shengfeng Development Correlations

SFWL Stock

1.00 0.01 0.99%

The current 90-days correlation between Shengfeng Development and Jayud Global Logistics is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shengfeng Development moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shengfeng Development Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Shengfeng Development Correlation With Market

Average diversification

The correlation between Shengfeng Development Limited and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shengfeng Development Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shengfeng Development Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Shengfeng Stock

0.63

Babcock Wilcox Enter

Pair Corr

Moving against Shengfeng Stock

0.62	PBI	Pitney Bowes	Pair Corr
0.59	PBI-PB	Pitney Bowes NT	Pair Corr
0.5	EXPD	Expeditors International	Pair Corr
0.48	PAL	Proficient Auto Logi Downward Rally	Pair Corr
0.48	CRGOW	Freightos Limited	Pair Corr
0.45	JYD	Jayud Global Logistics Trending	Pair Corr
0.35	AIRTP	Air T Inc	Pair Corr
0.69	DE	Deere Company	Pair Corr
0.67	GE	GE Aerospace	Pair Corr
0.56	G	Genpact Limited	Pair Corr
0.44	CP	Canadian Pacific Railway	Pair Corr
0.44	EH	Ehang Holdings	Pair Corr
0.36	CR	Crane Company	Pair Corr

Related Correlations Analysis

	JYD	CRGO	AIRT	PGUUF	FWRD	HUBG	LSTR	CHRW	EXPD
JYD		-0.01	-0.5	0.0	-0.43	-0.54	-0.66	-0.36	0.51	JYD
CRGO	-0.01		0.69	0.0	0.76	0.67	0.42	0.0	-0.47	CRGO
AIRT	-0.5	0.69		0.0	0.84	0.86	0.76	0.29	-0.7	AIRT
PGUUF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PGUUF
FWRD	-0.43	0.76	0.84	0.0		0.94	0.81	0.44	-0.76	FWRD
HUBG	-0.54	0.67	0.86	0.0	0.94		0.92	0.55	-0.67	HUBG
LSTR	-0.66	0.42	0.76	0.0	0.81	0.92		0.71	-0.6	LSTR
CHRW	-0.36	0.0	0.29	0.0	0.44	0.55	0.71		-0.22	CHRW
EXPD	0.51	-0.47	-0.7	0.0	-0.76	-0.67	-0.6	-0.22		EXPD
	JYD	CRGO	AIRT	PGUUF	FWRD	HUBG	LSTR	CHRW	EXPD

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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

HUBG	+ 0.94	FWRD
LSTR	+ 0.92	HUBG
HUBG	+ 0.86	AIRT
FWRD	+ 0.84	AIRT
LSTR	+ 0.81	FWRD
FWRD	+ 0.76	CRGO

High negative correlations

EXPD	- 0.76	FWRD
EXPD	- 0.7	AIRT
EXPD	- 0.67	HUBG
LSTR	- 0.66	JYD
EXPD	- 0.6	LSTR
HUBG	- 0.54	JYD

Risk-Adjusted Indicators

There is a big difference between Shengfeng Stock performing well and Shengfeng Development 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 Shengfeng Development'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
JYD	6.76	2.37	0.28	25.21	5.89	(7.60)	17.59	(12.88)	55.39
CRGO	4.54	0.17	0.03	0.06	5.35	(5.48)	9.90	(8.71)	30.74
AIRT	1.69	(0.19)	0.00	0.49	0.00	0.00	3.17	(3.47)	20.36
PGUUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FWRD	2.67	(0.49)	0.00	(0.37)	0.00	0.00	6.61	(6.28)	21.86
HUBG	1.36	(0.22)	0.00	(0.23)	0.00	0.00	2.17	(3.33)	7.02
LSTR	1.10	(0.20)	0.00	(0.32)	0.00	0.00	1.94	(2.17)	8.73
CHRW	1.13	(0.02)	0.00	(0.05)	0.00	0.00	2.40	(2.02)	8.72
EXPD	1.05	0.12	0.09	0.15	1.26	(1.19)	2.17	(2.47)	8.61

Shengfeng Development Corporate Executives

Elected by the shareholders, the Shengfeng Development's board of directors comprises two types of representatives: Shengfeng Development inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shengfeng. The board's role is to monitor Shengfeng Development's management team and ensure that shareholders' interests are well served. Shengfeng Development's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Shengfeng Development's outside directors are responsible for providing unbiased perspectives on the board's policies.

Guoping Zheng

VP CFO

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