Addentax Group Correlations
| ATXG Stock | USD 0.44 0.02 4.76% |
The correlation of Addentax Group 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.
Addentax Group Correlation With Market
Significant diversification
The correlation between Addentax Group Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Addentax Group Corp and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Addentax Stock
Moving against Addentax Stock
| 0.73 | UPS | UPS CDR | PairCorr |
| 0.71 | UPS | United Parcel Service | PairCorr |
| 0.52 | HUBG | Hub Group | PairCorr |
| 0.32 | XPO | XPO Logistics | PairCorr |
| 0.31 | 601156 | Eastern Air Logistics | PairCorr |
| 0.88 | PBCRY | Bank Central Asia | PairCorr |
| 0.85 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.7 | PBCRF | PT Bank Central | PairCorr |
| 0.57 | E | Eni SpA ADR | PairCorr |
| 0.55 | CHRW | CH Robinson Worldwide | PairCorr |
| 0.46 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.43 | CLS | Celestica | PairCorr |
| 0.34 | BKRKY | Bank Rakyat | PairCorr |
| 0.32 | FCSUF | Focus Minerals | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Addentax Stock performing well and Addentax Group 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 Addentax Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RFGPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PKSGY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ERDLF | 1.04 | 0.50 | 0.00 | 1.59 | 0.00 | 0.00 | 34.83 | |||
| EBYH | 0.19 | 0.07 | 0.00 | 0.40 | 0.00 | 0.00 | 6.25 | |||
| CPK | 0.87 | 0.12 | 0.07 | 5.94 | 0.91 | 1.78 | 5.53 | |||
| HTOCF | 0.09 | 0.03 | 0.00 | 4.92 | 0.00 | 0.00 | 1.52 | |||
| NRUC | 0.36 | (0.02) | 0.00 | (0.61) | 0.00 | 0.74 | 3.29 | |||
| CUPUF | 0.66 | 0.02 | (0.02) | 0.00 | 0.98 | 2.74 | 6.96 |
Addentax Group Corporate Executives
Elected by the shareholders, the Addentax Group's board of directors comprises two types of representatives: Addentax Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Addentax. The board's role is to monitor Addentax Group's management team and ensure that shareholders' interests are well served. Addentax Group'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, Addentax Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Huang Chao | CFO, Treasurer | Profile |