Yunhong Green Correlations

Stocks . USA . 
Stock . Yunhong Green CTI
YHGJ Stock   1.12  0.08  7.69%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Yunhong Green moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yunhong Green CTI moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Yunhong Green Correlation With Market

Good diversification

The correlation between Yunhong Green CTI and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yunhong Green CTI 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 Yunhong Green CTI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving against Yunhong Stock

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Related Correlations Analysis

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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   
FMX
+ 0.95
CCU
FMX
+ 0.92
ABEV
CCU
+ 0.89
ABEV
CCU
+ 0.79
WM
FMX
+ 0.73
WM
TAP
+ 0.67
FMX
  
High negative correlations   
AMBI
- 0.59
CCU
AMBI
- 0.5
WM
FMX
- 0.48
AMBI
AMBI
- 0.41
ABEV
TAP
- 0.35
AMBI
TAP
- 0.0
GRMHF

Risk-Adjusted Indicators

There is a big difference between Yunhong Stock performing well and Yunhong Green 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 Yunhong Green'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.

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