JD Correlations
| JDCO34 Stock | BRL 25.61 0.23 0.89% |
The correlation of JD 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JD moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JD Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between JD Inc and NYA 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 JD Inc and NYA in the same portfolio, assuming nothing else is changed.
JD |
The ability to find closely correlated positions to JD could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JD 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 JD - 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 JD Inc to buy it.
Moving together with JD Stock
| 0.71 | AMZO34 | Amazon Inc | PairCorr |
| 0.82 | S2EA34 | Sea Limited | PairCorr |
| 0.84 | EBAY34 | eBay Inc | PairCorr |
| 0.69 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.64 | B1SA34 | Banco Santander Chile | PairCorr |
| 0.65 | HOND34 | Honda Motor | PairCorr |
| 0.8 | S1MF34 | Sumitomo Mitsui Financial | PairCorr |
| 0.76 | H1DB34 | HDFC Bank Limited | PairCorr |
| 0.74 | NMRH34 | Nomura Holdings | PairCorr |
Moving against JD Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between JD Stock performing well and JD 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 JD'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| I1RM34 | 0.70 | 0.30 | 0.16 | (2.29) | 0.00 | 3.46 | 12.34 | |||
| GOAU4 | 1.15 | 0.09 | 0.03 | 0.27 | 1.26 | 2.32 | 6.58 | |||
| STMN34 | 0.71 | (0.10) | 0.00 | (0.43) | 0.00 | 2.59 | 10.49 | |||
| DBAG34 | 1.36 | 0.57 | 0.19 | (1.49) | 1.26 | 4.23 | 12.77 | |||
| T1TW34 | 1.35 | (0.16) | 0.00 | (0.57) | 0.00 | 2.28 | 11.95 | |||
| M1UF34 | 1.09 | 0.25 | 0.08 | 1.28 | 1.31 | 2.14 | 11.64 | |||
| USSX34 | 1.44 | (0.31) | 0.00 | 1.27 | 0.00 | 2.43 | 15.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in JD 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?
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Portfolio VolatilityCheck portfolio volatility and analyze historical return density to properly model market risk |
| All Next | Launch Module |
JD Corporate Management
Elected by the shareholders, the JD's board of directors comprises two types of representatives: JD inside directors who are chosen from within the company, and outside directors, selected externally and held independent of JD. The board's role is to monitor JD's management team and ensure that shareholders' interests are well served. JD's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, JD's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lei Xu | CEO Director | Profile | |
| Pang Zhang | Chief Officer | Profile | |
| Chen Zhang | Advisor | Profile | |
| Qiangdong Liu | Founder Chairman | Profile | |
| Sean Zhang | Director Relations | Profile | |
| YuanChing Shen | Pres Unit | Profile | |
| Ran Xu | Chief Officer | Profile |
Already Invested in JD Inc?
The danger of trading JD Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of JD is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than JD. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile JD Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JD Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the JD Inc information on this page should be used as a complementary analysis to other JD's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for JD Stock analysis
When running JD's price analysis, check to measure JD's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy JD is operating at the current time. Most of JD's value examination focuses on studying past and present price action to predict the probability of JD's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JD's price. Additionally, you may evaluate how the addition of JD to your portfolios can decrease your overall portfolio volatility.
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