JIN MEDICAL Correlations

ZJYL Stock

0.73 0.03 4.46%

The current 90-days correlation between JIN MEDICAL INTERNATIONAL and Alto Neuroscience, is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JIN MEDICAL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JIN MEDICAL INTERNATIONAL moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

JIN MEDICAL Correlation With Market

Average diversification

The correlation between JIN MEDICAL INTERNATIONAL 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 JIN MEDICAL INTERNATIONAL 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 JIN MEDICAL INTERNATIONAL. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with JIN Stock

0.61

KURA

Kura Oncology

Pair Corr

Moving against JIN Stock

0.44	A	Agilent Technologies Earnings Call Tomorrow	Pair Corr
0.38	ANGO	AngioDynamics	Pair Corr
0.35	EMBC	Embecta Corp	Pair Corr
0.33	IDXX	IDEXX Laboratories	Pair Corr
0.31	EXAS	EXACT Sciences	Pair Corr
0.71	FENC	Fennec Pharmaceuticals	Pair Corr
0.43	RNAC	Cartesian Therapeutics Earnings Call Next Week	Pair Corr
0.39	NTRA	Natera Inc Earnings Call Tomorrow	Pair Corr
0.37	LTRN	Lantern Pharma	Pair Corr
0.36	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.35	WAT	Waters	Pair Corr
0.32	TMO	Thermo Fisher Scientific	Pair Corr
0.31	PHGE	Biomx Inc	Pair Corr

Related Correlations Analysis

	CFRLF	ALNT	AMKR	ANRO	HTZWW	GNL-PD	NLOP	FMCKO
CFRLF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CFRLF
ALNT	0.0		-0.17	-0.26	0.65	0.45	0.54	0.05	ALNT
AMKR	0.0	-0.17		0.62	0.05	-0.03	-0.28	-0.3	AMKR
ANRO	0.0	-0.26	0.62		-0.08	0.06	-0.36	-0.25	ANRO
HTZWW	0.0	0.65	0.05	-0.08		0.53	0.5	-0.35	HTZWW
GNL-PD	0.0	0.45	-0.03	0.06	0.53		0.22	-0.01	GNL-PD
NLOP	0.0	0.54	-0.28	-0.36	0.5	0.22		-0.01	NLOP
FMCKO	0.0	0.05	-0.3	-0.25	-0.35	-0.01	-0.01		FMCKO
	CFRLF	ALNT	AMKR	ANRO	HTZWW	GNL-PD	NLOP	FMCKO

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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

HTZWW	+ 0.65	ALNT
ANRO	+ 0.62	AMKR
NLOP	+ 0.54	ALNT
GNL-PD	+ 0.53	HTZWW
NLOP	+ 0.5	HTZWW
GNL-PD	+ 0.45	ALNT

High negative correlations

NLOP	- 0.36	ANRO
FMCKO	- 0.35	HTZWW
FMCKO	- 0.3	AMKR
NLOP	- 0.28	AMKR
ANRO	- 0.26	ALNT
FMCKO	- 0.25	ANRO

Risk-Adjusted Indicators

There is a big difference between JIN Stock performing well and JIN MEDICAL 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 JIN MEDICAL'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
CFRLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALNT	1.79	0.13	0.05	0.08	2.60	(1.73)	3.22	(3.76)	13.19
AMKR	1.71	(0.19)	0.00	(0.94)	0.00	0.00	3.13	(3.35)	15.29
ANRO	3.49	(0.49)	0.00	(0.76)	0.00	0.00	5.44	(7.12)	17.97
HTZWW	3.40	0.09	0.02	0.05	4.03	(3.83)	8.44	(6.48)	23.58
GNL-PD	0.96	0.01	0.01	0.02	1.32	(1.05)	1.84	(2.58)	8.25
NLOP	1.37	0.04	0.03	0.06	1.52	(1.56)	2.97	(2.37)	7.22
FMCKO	1.76	0.39	0.16	2.02	1.73	(2.45)	4.63	(3.49)	17.48

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