Origin Agritech Correlations

Origin Agritech Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Origin Agritech. 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 information on how to trade Origin Stock refer to our How to Trade Origin Stock guide.

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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    NCTY + 0.62 GRO CAAS + 0.53 KPLUY CAAS + 0.53 IPI BIOX + 0.52 KPLUY BIOX + 0.52 IPI IPI + 0.48 KPLUY

High negative correlations    NCTY - 0.72 KPLUY NCTY - 0.6 CAAS CAAS - 0.6 GRO GRO - 0.58 KPLUY GRO - 0.51 IPI CHNR - 0.4 ENFY

Risk-Adjusted Indicators

There is a big difference between Origin Stock performing well and Origin Agritech 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 Origin Agritech'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.