Meiwu Technology Correlations

WNW Stock

USD 0.15 0.01 7.14%

The correlation of Meiwu Technology 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.

Meiwu Technology Correlation With Market

Very good diversification

The correlation between Meiwu Technology Co and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meiwu Technology Co and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Meiwu Technology Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Meiwu Stock

0.61	DTCK	Davis Commodities	Pair Corr
0.65	AVO	Mission Produce	Pair Corr
0.61	HFFG	Hf Foods Group	Pair Corr
0.71	HITI	High Tide	Pair Corr

Moving against Meiwu Stock

0.7	BJ	BJs Wholesale Club	Pair Corr
0.59	ACI	Albertsons Companies	Pair Corr
0.52	KR	Kroger Company	Pair Corr
0.5	SFM	Sprouts Farmers Market	Pair Corr
0.49	SPTN	SpartanNash	Pair Corr
0.45	WBA	Walgreens Boots Alliance Earnings Call This Week	Pair Corr
0.43	WMK	Weis Markets	Pair Corr
0.41	WILC	G Willi Food	Pair Corr
0.31	ANDE	Andersons	Pair Corr
0.88	CCK	Crown Holdings	Pair Corr
0.78	DADA	Dada Nexus Earnings Call Tomorrow	Pair Corr
0.7	OI	O I Glass	Pair Corr
0.62	CHEF	Chefs Warehouse	Pair Corr
0.59	VLGEA	Village Super Market	Pair Corr
0.54	CYD	China Yuchai Interna	Pair Corr
0.48	EFOI	Energy Focu	Pair Corr
0.47	WPRT	Westport Fuel Systems Earnings Call Tomorrow	Pair Corr
0.41	COST	Costco Wholesale Corp	Pair Corr
0.36	CASY	Caseys General Stores	Pair Corr
0.36	DRVN	Driven Brands Holdings	Pair Corr
0.34	UNFI	United Natural Foods	Pair Corr

Related Correlations Analysis

	TKAT	MOGU	IPW	JFBR	PIK	QRTEB	NHTC	LQDT	SECO	AKA
TKAT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TKAT
MOGU	0.0		0.55	0.63	0.29	0.56	-0.2	0.57	0.0	0.44	MOGU
IPW	0.0	0.55		0.92	0.83	0.91	-0.76	0.4	0.0	0.84	IPW
JFBR	0.0	0.63	0.92		0.78	0.92	-0.65	0.43	0.0	0.78	JFBR
PIK	0.0	0.29	0.83	0.78		0.81	-0.88	0.0	0.0	0.74	PIK
QRTEB	0.0	0.56	0.91	0.92	0.81		-0.73	0.33	0.0	0.74	QRTEB
NHTC	0.0	-0.2	-0.76	-0.65	-0.88	-0.73		-0.1	0.0	-0.79	NHTC
LQDT	0.0	0.57	0.4	0.43	0.0	0.33	-0.1		0.0	0.33	LQDT
SECO	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SECO
AKA	0.0	0.44	0.84	0.78	0.74	0.74	-0.79	0.33	0.0		AKA
	TKAT	MOGU	IPW	JFBR	PIK	QRTEB	NHTC	LQDT	SECO	AKA

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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

JFBR	+ 0.92	IPW
QRTEB	+ 0.92	JFBR
QRTEB	+ 0.91	IPW
AKA	+ 0.84	IPW
PIK	+ 0.83	IPW
QRTEB	+ 0.81	PIK

High negative correlations

NHTC	- 0.88	PIK
AKA	- 0.79	NHTC
NHTC	- 0.76	IPW
NHTC	- 0.73	QRTEB
NHTC	- 0.65	JFBR
NHTC	- 0.2	MOGU

Risk-Adjusted Indicators

There is a big difference between Meiwu Stock performing well and Meiwu Technology 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 Meiwu Technology'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
TKAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MOGU	2.99	(0.03)	0.01	0.01	3.90	(3.18)	6.42	(7.94)	18.01
IPW	4.13	(0.44)	0.00	(0.32)	0.00	0.00	8.99	(8.33)	20.04
JFBR	3.81	(0.91)	0.00	(0.90)	0.00	0.00	8.10	(8.30)	21.15
PIK	12.35	(3.28)	0.00	(1.80)	0.00	0.00	27.75	(33.33)	120.55
QRTEB	4.01	(0.49)	0.00	(0.36)	0.00	0.00	7.87	(9.65)	28.95
NHTC	2.10	0.44	0.17	1.29	2.48	(2.29)	5.20	(4.24)	12.97
LQDT	2.05	(0.04)	0.00	(0.09)	0.00	0.00	3.94	(5.65)	11.31
SECO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AKA	3.88	(0.46)	0.00	(1.41)	0.00	0.00	7.98	(9.11)	29.79

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