Jerash Holdings Correlations

JRSH Stock

USD 3.41 0.18 5.57%

The current 90-days correlation between Jerash Holdings and Vince Holding Corp is 0.39 (i.e., 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

Very weak diversification

The correlation between Jerash Holdings and DJI is 0.49 (i.e., Very weak 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

0.7	RL	Ralph Lauren Corp	Pair Corr
0.69	VEEE	Twin Vee Powercats	Pair Corr
0.77	VUZI	Vuzix Corp Cmn	Pair Corr
0.69	WLDS	Wearable Devices	Pair Corr
0.87	FOSL	Fossil Group	Pair Corr
0.81	GIL	Gildan Activewear	Pair Corr
0.87	HWH	HWH International	Pair Corr
0.62	KTB	Kontoor Brands	Pair Corr
0.77	SKX	Skechers USA	Pair Corr
0.81	TPR	Tapestry	Pair Corr
0.88	VFC	VF Corporation	Pair Corr
0.85	VRA	Vera Bradley	Pair Corr
0.76	GIII	G III Apparel	Pair Corr
0.77	GOOS	Canada Goose Holdings Earnings Call Tomorrow	Pair Corr
0.69	LEVI	Levi Strauss	Pair Corr
0.8	MBUU	Malibu Boats	Pair Corr
0.81	MCFT	MCBC Holdings	Pair Corr
0.79	RCKY	Rocky Brands	Pair Corr
0.84	SHOO	Steven Madden Buyout Trend	Pair Corr
0.92	COLM	Columbia Sportswear	Pair Corr
0.8	H	Hyatt Hotels	Pair Corr
0.8	BQ	Boqii Holding Limited	Pair Corr
0.92	FL	Foot Locker	Pair Corr
0.66	HD	Home Depot	Pair Corr
0.82	JD	JD Inc Adr Earnings Call Tomorrow	Pair Corr
0.82	JL	J Long Group	Pair Corr
0.92	LE	Lands End	Pair Corr
0.82	RH	RH Buyout Trend	Pair Corr
0.69	SG	Sweetgreen	Pair Corr

Moving against Jerash Stock

0.7	AREBW	American Rebel Holdings	Pair Corr
0.39	LIVE	Live Ventures Trending	Pair Corr

Related Correlations Analysis

	VNCE	OXM	GIL	COLM	KTB	SGC	LAKE	GIII	JXJT	DLA
VNCE		0.88	0.86	0.77	0.79	0.94	0.91	0.8	0.0	0.0	VNCE
OXM	0.88		0.79	0.81	0.87	0.85	0.92	0.93	0.0	0.0	OXM
GIL	0.86	0.79		0.82	0.74	0.88	0.84	0.7	0.0	0.0	GIL
COLM	0.77	0.81	0.82		0.59	0.86	0.9	0.65	0.0	0.0	COLM
KTB	0.79	0.87	0.74	0.59		0.74	0.77	0.89	0.0	0.0	KTB
SGC	0.94	0.85	0.88	0.86	0.74		0.91	0.72	0.0	0.0	SGC
LAKE	0.91	0.92	0.84	0.9	0.77	0.91		0.82	0.0	0.0	LAKE
GIII	0.8	0.93	0.7	0.65	0.89	0.72	0.82		0.0	0.0	GIII
JXJT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	JXJT
DLA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		DLA
	VNCE	OXM	GIL	COLM	KTB	SGC	LAKE	GIII	JXJT	DLA

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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

SGC	+ 0.94	VNCE
GIII	+ 0.93	OXM
LAKE	+ 0.92	OXM
LAKE	+ 0.91	VNCE
LAKE	+ 0.91	SGC
LAKE	+ 0.9	COLM

High negative correlations

DLA	- 0.0	JXJT
DLA	- 0.0	GIII
JXJT	- 0.0	GIII
DLA	- 0.0	LAKE
JXJT	- 0.0	LAKE
DLA	- 0.0	SGC

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VNCE	4.31	(0.72)	(0.51)	7.14	(10.12)	27.78
OXM	3.13	(0.13)	(0.16)	7.45	(7.18)	25.53
GIL	1.73	0.01	(0.07)	3.26	(3.80)	11.99
COLM	2.23	(0.07)	(0.14)	4.21	(4.78)	18.19
KTB	2.68	(0.10)	(0.16)	4.79	(6.88)	18.10
SGC	1.95	(0.43)	(0.53)	2.55	(4.51)	17.88
LAKE	2.66	(0.25)	(0.25)	5.04	(5.38)	26.75
GIII	2.02	0.03	(0.05)	3.59	(4.54)	14.89
JXJT	0.00	0.00	0.00	0.00	0.00	0.00
DLA	0.00	0.00	0.00	0.00	0.00	0.00

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