Ming Shing Correlations

Correlation to Market: Ming Shing

Ming Shing has a market cap of 14.92 M, operating margin of -41.1%, ROE of -5.78%. Correlation Analysis can help frame allocation decisions. The allocation includes a position in Ming Shing Group within the portfolio mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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 XTIA + 0.78 MGN TOPS + 0.78 QRHC STI + 0.73 NIXX STI + 0.7 SGRP STI + 0.69 QRHC TOPS + 0.63 SGRP

High negative correlations TOPS - 0.71 XTIA QRHC - 0.7 XTIA QRHC - 0.66 MGN NIXX - 0.59 XTIA GLBS - 0.57 STI STI - 0.56 MGN

Risk-Adjusted Indicators

There is a big difference between Ming Stock performing well and Ming Shing 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 Ming Shing'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.