J Long Correlations

Stocks . USA . 
Stock . J Long Group Limited
JL Stock   3.61  0.05  1.40%   
The current 90-days correlation between J Long Group and Franklin Wireless Corp is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as J Long moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if J Long Group Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

J Long Correlation With Market

Very weak diversification

The correlation between J Long Group Limited and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding J Long Group Limited and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with J Long Stock
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in J Long Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with J Long Stock

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  0.73RH RHPairCorr
  0.64DLTH Duluth HoldingsPairCorr
  0.8DXLG Destination XL GroupPairCorr
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  0.64EDUC Educational DevelopmentPairCorr
  0.62WEYS Weyco GroupPairCorr
  0.62ETSY Etsy IncPairCorr
  0.61FIVE Five BelowPairCorr
  0.65FLWS 1 800 FLOWERSCOMPairCorr
  0.66AAP Advance Auto PartsPairCorr
  0.66ABG Asbury AutomotivePairCorr
  0.68AEO American Eagle OutfittersPairCorr
  0.73AKA AKA Brands HoldingPairCorr
  0.67ANF Abercrombie Fitch Sell-off TrendPairCorr
  0.8ASO Academy Sports OutdoorsPairCorr
  0.74FNKO Funko IncPairCorr
  0.75BBY Best BuyPairCorr
  0.66BGI Birks GroupPairCorr
  0.74BKE Buckle IncPairCorr
  0.76CWH Camping World HoldingsPairCorr

Moving against J Long Stock

  0.72AZI Autozi Internet TechPairCorr
  0.51AZO AutoZonePairCorr
  0.4WOOF Pet Acquisition LLCPairCorr

Related Correlations Analysis

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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   
PWWRF
+ 1.0
TFSVF
BNTX
+ 0.55
POCI
HAE
+ 0.45
FKWL
POCI
+ 0.45
HAE
BNTX
+ 0.42
FKWL
POCI
+ 0.28
FKWL
  
High negative correlations   
AIHS
- 0.1
FKWL
AIHS
- 0.0
PWWRF
BNTX
- 0.0
PWWRF
POCI
- 0.0
PWWRF
HAE
- 0.0
PWWRF
PWWRF
- 0.0
FKWL

Risk-Adjusted Indicators

There is a big difference between J Long Stock performing well and J Long 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 J Long'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.

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