Nongfu Spring Correlations

NNFSF Stock

USD 6.40 0.00 0.00%

The current 90-days correlation between Nongfu Spring and Japan Tobacco ADR is -0.29 (i.e., Very good diversification). The correlation of Nongfu Spring 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.

Nongfu Spring Correlation With Market

Excellent diversification

The correlation between Nongfu Spring Co and DJI is -0.67 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nongfu Spring Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Nongfu Spring could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nongfu Spring when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nongfu Spring - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nongfu Spring Co to buy it.

Moving together with Nongfu Pink Sheet

0.88

GTEH

Gentech Holdings

Pair Corr

Moving against Nongfu Pink Sheet

0.67	SMFG	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.65	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.64	MNST	Monster Beverage Corp	Pair Corr
0.56	KDP	Keurig Dr Pepper Earnings Call Next Week	Pair Corr
0.53	MFG	Mizuho Financial	Pair Corr
0.51	KOF	Coca Cola Femsa Earnings Call This Week	Pair Corr
0.48	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.46	MBFJF	Mitsubishi UFJ Financial Downward Rally	Pair Corr
0.45	COCSF	Coca Cola FEMSA	Pair Corr
0.84	CRGGF	China Resources Gas	Pair Corr
0.74	GOOG	Alphabet Class C	Pair Corr
0.7	TBBB	BBB Foods	Pair Corr
0.64	CMI	Cummins	Pair Corr
0.54	CHEF	Chefs Warehouse Earnings Call This Week	Pair Corr
0.5	FDX	FedEx	Pair Corr
0.48	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.45	MCCK	Mestek Inc	Pair Corr
0.44	SPG	Simon Property Group	Pair Corr
0.36	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.65	NATL	NCR Atleos	Pair Corr
0.65	IBOC	International Bancshares	Pair Corr
0.64	CVLG	Covenant Logistics	Pair Corr
0.58	TGT	Target	Pair Corr
0.57	PILBF	Pilbara Minerals Earnings Call This Week	Pair Corr
0.56	CNI	Canadian National Railway	Pair Corr

Related Correlations Analysis

	JAPAY	JAPAF	GPDNF	DANOY	HEINY	HINKF	WMMVY	WMMVF	RBGLY	DGEAF
JAPAY		0.1	-0.05	-0.05	0.71	0.7	0.49	0.48	0.32	0.8	JAPAY
JAPAF	0.1		-0.13	-0.14	0.4	0.33	0.15	0.11	0.23	0.14	JAPAF
GPDNF	-0.05	-0.13		0.98	-0.29	-0.35	-0.38	-0.07	-0.58	-0.31	GPDNF
DANOY	-0.05	-0.14	0.98		-0.28	-0.34	-0.4	-0.08	-0.57	-0.29	DANOY
HEINY	0.71	0.4	-0.29	-0.28		0.95	0.33	0.22	0.65	0.73	HEINY
HINKF	0.7	0.33	-0.35	-0.34	0.95		0.34	0.15	0.69	0.71	HINKF
WMMVY	0.49	0.15	-0.38	-0.4	0.33	0.34		0.67	0.2	0.58	WMMVY
WMMVF	0.48	0.11	-0.07	-0.08	0.22	0.15	0.67		-0.14	0.49	WMMVF
RBGLY	0.32	0.23	-0.58	-0.57	0.65	0.69	0.2	-0.14		0.39	RBGLY
DGEAF	0.8	0.14	-0.31	-0.29	0.73	0.71	0.58	0.49	0.39		DGEAF
	JAPAY	JAPAF	GPDNF	DANOY	HEINY	HINKF	WMMVY	WMMVF	RBGLY	DGEAF

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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

DANOY	+ 0.98	GPDNF
HINKF	+ 0.95	HEINY
DGEAF	+ 0.8	JAPAY
DGEAF	+ 0.73	HEINY
HEINY	+ 0.71	JAPAY
DGEAF	+ 0.71	HINKF

High negative correlations

RBGLY	- 0.58	GPDNF
RBGLY	- 0.57	DANOY
WMMVY	- 0.4	DANOY
WMMVY	- 0.38	GPDNF
HINKF	- 0.35	GPDNF
HINKF	- 0.34	DANOY

Risk-Adjusted Indicators

There is a big difference between Nongfu Pink Sheet performing well and Nongfu Spring 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 Nongfu Spring'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
JAPAY	0.76	0.17	0.15	1.92	0.51	(1.01)	2.07	(1.21)	4.39
JAPAF	2.06	0.20	0.02	0.24	3.58	(2.88)	4.31	(8.32)	23.04
GPDNF	1.25	(0.08)	0.00	(3.93)	0.00	0.00	2.32	(2.69)	11.52
DANOY	1.00	(0.08)	0.00	0.93	0.00	0.00	1.84	(1.97)	9.35
HEINY	1.07	0.19	0.11	0.70	1.19	(1.19)	2.54	(1.49)	7.33
HINKF	1.22	0.27	0.10	1.09	1.29	(1.83)	4.01	(2.54)	10.01
WMMVY	1.09	0.03	0.00	0.12	1.33	(1.06)	2.48	(2.20)	6.64
WMMVF	2.33	0.06	0.00	0.24	2.74	(3.15)	6.86	(4.82)	24.77
RBGLY	0.77	0.19	0.18	1.00	0.49	(0.94)	1.65	(1.30)	3.74
DGEAF	1.65	0.06	0.02	0.13	1.99	(1.71)	3.45	(3.47)	9.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nongfu Spring without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Nongfu Spring Corporate Management

Zhen Guo	Deputy Director	Profile
Zhenhua Zhou	CFO Director	Profile
Li Zhou	Deputy Director	Profile
Xiyue Liu	Chief Supervisor	Profile
Shanshan Zhong	Chairman Founder	Profile
ACIS ACS	Joint Sec	Profile
Yuan Liao	GM Director	Profile

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