JD Correlations

JD Stock

USD 29.67 0.64 2.20%

The current 90-days correlation between JD Inc Adr and eBay Inc is 0.32 (i.e., Weak diversification). The correlation of JD 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.

JD Correlation With Market

Very weak diversification

The correlation between JD Inc Adr and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JD Inc Adr and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with JD Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JD Inc Adr. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with JD Stock

0.64	OLLI	Ollies Bargain Outlet	Pair Corr
0.63	DOX	Amdocs	Pair Corr
0.92	KG	Kestrel Group Symbol Change	Pair Corr
0.71	JAKK	JAKKS Pacific	Pair Corr
0.75	LPG	Dorian LPG	Pair Corr

Moving against JD Stock

0.8	CUB	Lionheart Holdings	Pair Corr
0.74	LION	Lionsgate Studios Holding	Pair Corr
0.72	GLBE	Global E Online	Pair Corr
0.62	F	Ford Motor Aggressive Push	Pair Corr
0.47	DQ	Daqo New Energy	Pair Corr
0.47	NMIH	NMI Holdings	Pair Corr
0.4	SMEGF	Siemens Energy AG Downward Rally	Pair Corr
0.35	ATI	Allegheny Technologies	Pair Corr
0.33	BHKLY	BOC Hong Kong	Pair Corr
0.86	FYBR	Frontier Communications Sell-off Trend	Pair Corr
0.82	WEICF	Weichai Power	Pair Corr
0.72	WSFS	WSFS Financial	Pair Corr
0.67	TLSNY	Telia Company	Pair Corr
0.56	ACN	Accenture plc	Pair Corr
0.55	PNGZF	Paringa Resources	Pair Corr
0.55	LOCO	El Pollo Loco	Pair Corr
0.46	SANM	Sanmina	Pair Corr
0.41	BOF	BranchOut Food Common	Pair Corr
0.39	ACLLF	Atco	Pair Corr

Related Correlations Analysis

	EBAY	TCOM	DHI	F	ROST	CPNG	CMG	CPRT	LVS
EBAY		0.32	0.25	-0.3	-0.36	0.4	0.81	0.58	-0.63	EBAY
TCOM	0.32		-0.37	0.49	0.31	-0.39	0.13	-0.17	0.18	TCOM
DHI	0.25	-0.37		-0.08	0.09	0.16	0.35	0.13	-0.19	DHI
F	-0.3	0.49	-0.08		0.76	-0.7	-0.41	-0.55	0.72	F
ROST	-0.36	0.31	0.09	0.76		-0.91	-0.16	-0.74	0.64	ROST
CPNG	0.4	-0.39	0.16	-0.7	-0.91		0.18	0.71	-0.64	CPNG
CMG	0.81	0.13	0.35	-0.41	-0.16	0.18		0.31	-0.62	CMG
CPRT	0.58	-0.17	0.13	-0.55	-0.74	0.71	0.31		-0.85	CPRT
LVS	-0.63	0.18	-0.19	0.72	0.64	-0.64	-0.62	-0.85		LVS
	EBAY	TCOM	DHI	F	ROST	CPNG	CMG	CPRT	LVS

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

CMG	+ 0.81	EBAY
ROST	+ 0.76	F
LVS	+ 0.72	F
CPRT	+ 0.71	CPNG
LVS	+ 0.64	ROST
CPRT	+ 0.58	EBAY

High negative correlations

CPNG	- 0.91	ROST
LVS	- 0.85	CPRT
CPRT	- 0.74	ROST
CPNG	- 0.7	F
LVS	- 0.64	CPNG
LVS	- 0.63	EBAY

Risk-Adjusted Indicators

There is a big difference between JD Stock performing well and JD 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 JD'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
EBAY	1.41	(0.01)	0.00	0.07	3.28	(1.30)	2.97	(2.90)	19.83
TCOM	0.99	0.06	0.02	0.15	1.34	(0.97)	2.19	(2.23)	8.40
DHI	1.45	(0.14)	0.00	(0.04)	0.00	0.00	4.13	(3.28)	10.74
F	1.51	0.12	0.08	0.16	1.68	(1.68)	3.38	(2.63)	16.30
ROST	0.87	0.26	0.32	0.33	0.33	(1.05)	2.54	(1.26)	9.43
CPNG	1.48	(0.61)	0.00	(0.63)	0.00	0.00	2.25	(4.69)	8.69
CMG	1.62	(0.15)	0.00	(0.04)	0.00	0.00	3.76	(2.62)	21.12
CPRT	0.97	(0.21)	0.00	(0.70)	0.00	0.00	2.04	(3.52)	6.88
LVS	1.50	0.36	0.18	1.22	1.38	(1.91)	3.39	(2.09)	16.06

JD Corporate Management

Daxue Li	Advisor	Profile
Sean Zhang	Director Relations	Profile
YuanChing Shen	Pres Unit	Profile
Ran Xu	Chief Officer	Profile

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