Jowell Global Correlations

JWEL Stock

USD 2.40 0.15 6.67%

The current 90-days correlation between Jowell Global and Meiwu Technology Co is -0.25 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jowell Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jowell Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Jowell Global Correlation With Market

Significant diversification

The correlation between Jowell Global and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jowell Global and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Jowell Stock

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

For more information on how to buy Jowell Stock please use our How to buy in Jowell Stock guide.

Moving together with Jowell Stock

0.75	M	Macys Inc	Pair Corr
0.7	AN	AutoNation	Pair Corr
0.67	LE	Lands End	Pair Corr
0.64	DLTH	Duluth Holdings	Pair Corr
0.68	WEYS	Weyco Group	Pair Corr
0.69	ABG	Asbury Automotive	Pair Corr
0.71	ANF	Abercrombie Fitch	Pair Corr
0.8	FND	Floor Decor Holdings	Pair Corr

Moving against Jowell Stock

0.37

AZI

Autozi Internet Tech

Pair Corr

Related Correlations Analysis

	WNW	AKA	BABAF	JFBR	CNEY	HUDI	BAOS	JZXN	EJH
WNW		-0.48	0.32	0.6	0.4	0.03	-0.48	0.09	0.42	WNW
AKA	-0.48		-0.06	-0.63	-0.56	0.5	0.63	0.05	-0.55	AKA
BABAF	0.32	-0.06		0.34	0.58	0.34	-0.14	0.06	-0.01	BABAF
JFBR	0.6	-0.63	0.34		0.64	-0.04	-0.66	0.24	0.42	JFBR
CNEY	0.4	-0.56	0.58	0.64		0.02	-0.42	0.14	0.14	CNEY
HUDI	0.03	0.5	0.34	-0.04	0.02		0.06	0.55	0.05	HUDI
BAOS	-0.48	0.63	-0.14	-0.66	-0.42	0.06		-0.19	-0.59	BAOS
JZXN	0.09	0.05	0.06	0.24	0.14	0.55	-0.19		0.48	JZXN
EJH	0.42	-0.55	-0.01	0.42	0.14	0.05	-0.59	0.48		EJH
	WNW	AKA	BABAF	JFBR	CNEY	HUDI	BAOS	JZXN	EJH

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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

CNEY	+ 0.64	JFBR
BAOS	+ 0.63	AKA
JFBR	+ 0.6	WNW
CNEY	+ 0.58	BABAF
JZXN	+ 0.55	HUDI
HUDI	+ 0.5	AKA

High negative correlations

BAOS	- 0.66	JFBR
JFBR	- 0.63	AKA
EJH	- 0.59	BAOS
CNEY	- 0.56	AKA
EJH	- 0.55	AKA
BAOS	- 0.48	WNW

Risk-Adjusted Indicators

There is a big difference between Jowell Stock performing well and Jowell Global 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 Jowell Global'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
WNW	5.72	0.56	0.16	0.27	5.30	(7.31)	12.07	(7.39)	111.46
AKA	4.36	0.73	0.19	1.29	3.14	(6.58)	8.29	(7.39)	67.96
BABAF	3.28	0.18	0.02	1.25	3.91	(3.82)	7.01	(7.46)	21.20
JFBR	8.53	(0.21)	0.00	0.23	0.00	0.00	15.23	(21.31)	121.97
CNEY	4.04	(0.25)	0.00	(0.05)	0.00	0.00	9.51	(6.82)	38.04
HUDI	2.63	(0.11)	0.00	(24.16)	0.00	0.00	6.06	(5.41)	14.35
BAOS	5.19	0.83	0.19	0.50	4.60	(6.62)	11.62	(6.74)	67.60
JZXN	7.89	(1.86)	0.00	(2.31)	0.00	0.00	13.27	(22.88)	72.58
EJH	9.57	(3.79)	0.00	(1.54)	0.00	0.00	15.83	(29.73)	71.04

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