JLEN Environmental Correlations

JLEN Stock

64.90 0.70 1.07%

The current 90-days correlation between JLEN Environmental Assets and Toyota Motor Corp is -0.17 (i.e., Good diversification). The correlation of JLEN Environmental 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. If the correlation is 0, the equities are not correlated; they are entirely random.

JLEN Environmental Correlation With Market

Average diversification

The correlation between JLEN Environmental Assets and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JLEN Environmental Assets and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to JLEN Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JLEN Environmental 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 JLEN Environmental - 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 JLEN Environmental Assets to buy it.

Moving together with JLEN Stock

0.73

ROCK

Rockfire Resources plc

Pair Corr

Moving against JLEN Stock

0.71	NBPE	NB Private Equity	Pair Corr
0.63	EJFI	EJF Investments	Pair Corr
0.59	SGRO	Segro Plc	Pair Corr
0.58	0HYE	Cincinnati Financial Corp	Pair Corr
0.57	CLA	CAP LEASE AVIATION	Pair Corr
0.55	SSIT	Seraphim Space Investment	Pair Corr
0.5	ALK	Alkemy Capital Inves	Pair Corr
0.47	ZIOC	Zanaga Iron Ore	Pair Corr
0.4	DIG	Dunedin Income Growth	Pair Corr
0.4	VOD	Vodafone Group PLC	Pair Corr
0.39	0RMV	TechnipFMC PLC	Pair Corr
0.35	0R0A	Hecla Mining	Pair Corr
0.34	GMET	Golden Metal Resources	Pair Corr
0.34	HE1	Helium One Global	Pair Corr
0.68	0LJL	Universal Health Services	Pair Corr
0.62	BIOG	Biotech Growth	Pair Corr
0.56	0R29	Intuitive Surgical	Pair Corr
0.55	SAFE	Safestore Holdings Plc	Pair Corr
0.52	MVI	Marwyn Value Investors	Pair Corr
0.5	0HRS	CVS Health Corp	Pair Corr
0.45	0W19	Datagroup SE	Pair Corr
0.38	0LEE	Teradata Corp	Pair Corr
0.34	WEIR	Weir Group PLC	Pair Corr

Related Correlations Analysis

	TYT	0R15	0R1E	0HWH	0J8P	0HBH	0P4F	0LC3	0R29
TYT		0.74	0.36	-0.73	0.53	-0.65	0.84	0.33	0.81	TYT
0R15	0.74		0.4	-0.78	0.71	-0.63	0.78	0.13	0.85	0R15
0R1E	0.36	0.4		-0.29	0.13	-0.43	0.32	-0.18	0.41	0R1E
0HWH	-0.73	-0.78	-0.29		-0.77	0.76	-0.83	-0.58	-0.86	0HWH
0J8P	0.53	0.71	0.13	-0.77		-0.36	0.7	0.54	0.81	0J8P
0HBH	-0.65	-0.63	-0.43	0.76	-0.36		-0.58	-0.23	-0.6	0HBH
0P4F	0.84	0.78	0.32	-0.83	0.7	-0.58		0.52	0.91	0P4F
0LC3	0.33	0.13	-0.18	-0.58	0.54	-0.23	0.52		0.48	0LC3
0R29	0.81	0.85	0.41	-0.86	0.81	-0.6	0.91	0.48		0R29
	TYT	0R15	0R1E	0HWH	0J8P	0HBH	0P4F	0LC3	0R29

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

0R29	+ 0.91	0P4F
0R29	+ 0.85	0R15
0P4F	+ 0.84	TYT
0R29	+ 0.81	TYT
0R29	+ 0.81	0J8P
0P4F	+ 0.78	0R15

High negative correlations

0R29	- 0.86	0HWH
0P4F	- 0.83	0HWH
0HWH	- 0.78	0R15
0J8P	- 0.77	0HWH
0HWH	- 0.73	TYT
0HBH	- 0.65	TYT

Risk-Adjusted Indicators

There is a big difference between JLEN Stock performing well and JLEN Environmental 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 JLEN Environmental'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
TYT	1.16	0.19	0.06	0.75	1.42	(1.58)	3.36	(2.89)	10.12
0R15	4.36	1.50	0.21	(2.16)	5.42	(4.54)	10.13	(8.38)	31.38
0R1E	2.61	(0.01)	0.00	0.11	0.00	0.00	6.83	(5.76)	22.36
0HWH	0.89	(0.34)	0.00	(2.66)	0.00	0.00	1.66	(2.14)	5.35
0J8P	1.43	0.19	0.07	(0.69)	1.25	(1.79)	2.86	(2.07)	17.25
0HBH	1.34	(0.33)	0.00	(0.36)	0.00	0.00	2.66	(3.22)	20.35
0P4F	1.47	0.18	0.10	0.20	1.57	(1.68)	3.87	(2.40)	17.68
0LC3	1.33	0.05	0.05	0.10	1.65	(1.35)	2.95	(2.82)	8.22
0R29	1.35	0.28	0.17	2.40	1.06	(1.72)	3.02	(2.07)	15.46

Be your own money manager

Our tools can tell you how much better you can do entering a position in JLEN Environmental 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.

Did you try this?

Run Risk-Return Analysis Now

Risk-Return Analysis

View associations between returns expected from investment and the risk you assume

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC