JD Sports Correlations

JDDSF Stock  USD 1.57  0.00  0.00%   
The correlation of JD Sports 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 Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JD Sports Fashion 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 Sports Fashion and NYA is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JD Sports Fashion and NYA in the same portfolio, assuming nothing else is changed.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JD Sports Fashion. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
  
The ability to find closely correlated positions to JD Sports 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 Sports 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 Sports - 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 Sports Fashion to buy it.

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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   
ARKOARKOW
OLPXARKO
AMBBFARKO
CONNAMBBF
OLPXARKOW
OLPXAMBBF
  
High negative correlations   
CASYAMBBF
CONNCASY
OLPXCASY
CASYARKO
MUSAAMBBF
CASYARKOW

Risk-Adjusted Indicators

There is a big difference between JDDSF Pink Sheet performing well and JD Sports 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 Sports' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ARKOW  6.60 (1.80) 0.00  5.26  0.00 
 11.11 
 45.00 
ARKO  2.06 (0.96) 0.00 (0.31) 0.00 
 2.61 
 19.07 
AMBBF  11.31  0.34  0.02  0.22  14.47 
 32.37 
 88.06 
SPWH  2.99 (0.36) 0.00 (0.24) 0.00 
 6.53 
 27.32 
MUSA  1.09  0.15  0.07  0.56  1.28 
 2.07 
 12.77 
CASY  1.02  0.05  0.03  0.13  1.50 
 2.23 
 10.72 
OLPX  3.35 (0.59) 0.00  0.97  0.00 
 5.17 
 19.79 
BNED  5.69 (1.65) 0.00 (0.52) 0.00 
 10.17 
 83.52 
SBH  2.36 (0.31) 0.00 (0.04) 0.00 
 4.64 
 16.08 
CONN  3.09 (0.37) 0.00 (0.24) 0.00 
 5.88 
 30.23 

Be your own money manager

Our tools can tell you how much better you can do entering a position in JD Sports 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.

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JD Sports Corporate Directors

JD Sports corporate directors refer to members of a JD Sports board of directors. The board of directors generally takes responsibility for the JD Sports' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of JD Sports' board members must vote for the resolution. The JD Sports board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Brian SmallCFO, Executive DirectorProfile
Neil GreenhalghCFO DirectorProfile
Martin DaviesIndependent Non-Executive DirectorProfile
Andrew RubinNon-Executive DirectorProfile

Already Invested in JD Sports Fashion?

The danger of trading JD Sports Fashion 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 Sports 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 Sports. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile JD Sports Fashion 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 Sports Fashion. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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When running JD Sports' price analysis, check to measure JD Sports' 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 Sports is operating at the current time. Most of JD Sports' value examination focuses on studying past and present price action to predict the probability of JD Sports' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JD Sports' price. Additionally, you may evaluate how the addition of JD Sports to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between JD Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if JD Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JD Sports' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.