Jerash Holdings Correlations

JRSH Stock

USD 3.34 0.01 0.30%

The current 90-days correlation between Jerash Holdings and Crown Crafts is 0.48 (i.e., Very weak diversification). The correlation of Jerash Holdings 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.

Jerash Holdings Correlation With Market

Modest diversification

The correlation between Jerash Holdings and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jerash Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Jerash Stock

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

For more detail on how to invest in Jerash Stock please use our How to Invest in Jerash Holdings guide.

Moving together with Jerash Stock

0.82	AS	Amer Sports,	Pair Corr
0.82	BC	Brunswick Earnings Call This Week	Pair Corr
0.89	RL	Ralph Lauren Corp	Pair Corr
0.82	UA	Under Armour C	Pair Corr
0.71	DOOO	BRP Inc	Pair Corr
0.7	VUZI	Vuzix Corp Cmn	Pair Corr
0.84	BZH	Beazer Homes USA	Pair Corr
0.8	FOSL	Fossil Group	Pair Corr
0.92	MAT	Mattel Inc Earnings Call Today	Pair Corr
0.8	UAA	Under Armour A	Pair Corr
0.66	GPRO	GoPro Inc	Pair Corr
0.83	MBUU	Malibu Boats	Pair Corr
0.75	MCFT	MCBC Holdings	Pair Corr
0.61	MODG	Callaway Golf	Pair Corr
0.77	PLBY	Plby Group	Pair Corr
0.9	SONO	Sonos Inc	Pair Corr
0.71	BIRD	Allbirds	Pair Corr
0.78	F	Ford Motor Earnings Call Tomorrow	Pair Corr
0.9	H	Hyatt Hotels Earnings Call This Week	Pair Corr
0.83	W	Wayfair	Pair Corr
0.84	AN	AutoNation	Pair Corr

Moving against Jerash Stock

0.53	VNCE	Vince Holding Corp	Pair Corr
0.51	CRI	Carters Earnings Call This Week	Pair Corr
0.34	MSN	Emerson Radio	Pair Corr
0.32	ESCA	Escalade Incorporated Earnings Call This Week	Pair Corr
0.8	SG	Sweetgreen	Pair Corr
0.42	NWTG	Newton Golf Symbol Change	Pair Corr
0.36	TM	Toyota Motor	Pair Corr
0.33	JD	JD Inc Adr Aggressive Push	Pair Corr

Related Correlations Analysis

	GIII	LAKE	OXM	CRWS	LMB	PPIH	KFFB	CPHC
GIII		0.85	0.81	0.53	-0.24	-0.59	-0.46	-0.38	GIII
LAKE	0.85		0.89	0.62	-0.29	-0.77	-0.6	-0.58	LAKE
OXM	0.81	0.89		0.57	-0.2	-0.68	-0.57	-0.6	OXM
CRWS	0.53	0.62	0.57		0.27	-0.24	-0.52	-0.13	CRWS
LMB	-0.24	-0.29	-0.2	0.27		0.74	0.28	0.59	LMB
PPIH	-0.59	-0.77	-0.68	-0.24	0.74		0.66	0.84	PPIH
KFFB	-0.46	-0.6	-0.57	-0.52	0.28	0.66		0.57	KFFB
CPHC	-0.38	-0.58	-0.6	-0.13	0.59	0.84	0.57		CPHC
	GIII	LAKE	OXM	CRWS	LMB	PPIH	KFFB	CPHC

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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

OXM	+ 0.89	LAKE
LAKE	+ 0.85	GIII
CPHC	+ 0.84	PPIH
OXM	+ 0.81	GIII
PPIH	+ 0.74	LMB
KFFB	+ 0.66	PPIH

High negative correlations

PPIH	- 0.77	LAKE
PPIH	- 0.68	OXM
CPHC	- 0.6	OXM
KFFB	- 0.6	LAKE
PPIH	- 0.59	GIII
CPHC	- 0.58	LAKE

Risk-Adjusted Indicators

There is a big difference between Jerash Stock performing well and Jerash Holdings 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 Jerash Holdings' 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
GIII	1.76	(0.13)	0.00	(0.05)	0.00	0.00	3.71	(3.31)	24.59
LAKE	2.58	(0.29)	0.00	(0.08)	0.00	0.00	5.15	(5.29)	29.60
OXM	3.03	(0.37)	0.00	(0.07)	0.00	0.00	6.02	(7.61)	22.26
CRWS	1.61	(0.13)	(0.04)	0.02	2.48	(1.74)	3.14	(3.03)	16.51
LMB	2.15	0.74	0.26	0.88	2.00	(2.41)	6.48	(3.50)	17.89
PPIH	3.82	1.18	0.36	2.95	2.36	(5.13)	13.57	(5.78)	33.89
KFFB	2.20	0.15	0.02	0.52	3.32	(2.80)	4.96	(4.06)	22.45
CPHC	1.12	0.15	0.00	(1.71)	1.25	(1.57)	2.42	(2.19)	12.83

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