INLIF LIMITED Correlations

INLF Stock

0.68 0.01 1.49%

The current 90-days correlation between INLIF LIMITED Ordinary and Li Bang International is 0.17 (i.e., Average diversification). The correlation of INLIF LIMITED 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.

INLIF LIMITED Correlation With Market

Significant diversification

The correlation between INLIF LIMITED Ordinary and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding INLIF LIMITED Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with INLIF Stock

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

Moving together with INLIF Stock

0.65	AZ	A2Z Smart Technologies	Pair Corr
0.61	600666	Aurora Optoelectronics	Pair Corr
0.64	EAAS	Eenergy Group PLC	Pair Corr
0.77	301317	Xinlei Compressor	Pair Corr

Moving against INLIF Stock

0.68	PL	Planet Labs PBC	Pair Corr
0.5	HI	Hillenbrand	Pair Corr
0.47	RR	Richtech Robotics Class	Pair Corr
0.39	601608	CITIC Heavy Industries	Pair Corr
0.57	DPRO	Draganfly Buyout Trend	Pair Corr
0.52	688190	Qingdao Yunlu Advanced	Pair Corr
0.5	RNO	Renold	Pair Corr
0.39	688392	SBT Ultrasonic Technology	Pair Corr
0.31	688776	Guoguang Electric	Pair Corr
0.51	601100	Jiangsu Hengli Hydraulic	Pair Corr
0.5	WATR	Current Water Techno	Pair Corr
0.34	002795	Yorhe Fluid Intelligent	Pair Corr

Related Correlations Analysis

	CETY	LBGJ	EHGO	SFHG	YGMZ	POLA	MNTS	HXHX	NCEW	UUU
CETY		0.67	0.76	0.92	0.72	-0.27	0.48	0.61	0.58	0.2	CETY
LBGJ	0.67		0.52	0.62	0.48	-0.65	0.02	0.01	0.26	0.01	LBGJ
EHGO	0.76	0.52		0.81	0.87	-0.33	0.71	0.6	0.79	-0.13	EHGO
SFHG	0.92	0.62	0.81		0.78	-0.2	0.59	0.65	0.58	0.14	SFHG
YGMZ	0.72	0.48	0.87	0.78		-0.16	0.65	0.63	0.65	0.04	YGMZ
POLA	-0.27	-0.65	-0.33	-0.2	-0.16		0.3	0.33	-0.12	0.47	POLA
MNTS	0.48	0.02	0.71	0.59	0.65	0.3		0.72	0.73	0.02	MNTS
HXHX	0.61	0.01	0.6	0.65	0.63	0.33	0.72		0.62	0.27	HXHX
NCEW	0.58	0.26	0.79	0.58	0.65	-0.12	0.73	0.62		-0.17	NCEW
UUU	0.2	0.01	-0.13	0.14	0.04	0.47	0.02	0.27	-0.17		UUU
	CETY	LBGJ	EHGO	SFHG	YGMZ	POLA	MNTS	HXHX	NCEW	UUU

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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

SFHG	+ 0.92	CETY
YGMZ	+ 0.87	EHGO
SFHG	+ 0.81	EHGO
NCEW	+ 0.79	EHGO
YGMZ	+ 0.78	SFHG
EHGO	+ 0.76	CETY

High negative correlations

POLA	- 0.65	LBGJ
POLA	- 0.33	EHGO
POLA	- 0.27	CETY
POLA	- 0.2	SFHG
UUU	- 0.17	NCEW
POLA	- 0.16	YGMZ

Risk-Adjusted Indicators

There is a big difference between INLIF Stock performing well and INLIF LIMITED 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 INLIF LIMITED'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
CETY	4.76	(1.50)	0.00	(0.86)	0.00	0.00	7.38	(13.82)	46.01
LBGJ	5.83	(0.58)	0.00	(0.15)	0.00	0.00	7.69	(9.37)	67.52
EHGO	3.57	(1.03)	0.00	0.97	0.00	0.00	5.56	(7.69)	31.35
SFHG	3.33	(0.66)	0.00	1.38	0.00	0.00	8.33	(6.52)	29.39
YGMZ	9.47	(1.63)	0.00	0.36	0.00	0.00	21.79	(18.40)	102.30
POLA	6.17	0.86	0.13	0.47	6.41	(7.28)	13.39	(10.12)	48.43
MNTS	4.40	(0.87)	0.00	(0.22)	0.00	0.00	7.76	(9.87)	34.97
HXHX	5.63	0.08	0.01	0.07	7.15	(6.60)	13.33	(15.29)	39.39
NCEW	3.63	(0.61)	0.00	0.43	0.00	0.00	4.13	(10.26)	51.31
UUU	7.77	1.11	0.12	(1.98)	8.20	(9.10)	15.95	(11.82)	98.58

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