Nongfu Spring Correlations

NNFSF Stock  USD 5.76  0.00  0.00%   
The correlation of Nongfu Spring is a statistical measure of how it moves in relation to other equities. 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 Nongfu Spring moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nongfu Spring Co 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.
Additionally, see Correlation Analysis.
  
The ability to find closely correlated positions to Nongfu Spring could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nongfu Spring 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 Nongfu Spring - 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 Nongfu Spring Co to buy it.

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
IJHIJR
IJHOALC
GSBUXOALC
GSBUXCCEP
IJROALC
OALCCCEP
  
High negative correlations   
BRRAYKO
BRRAYCCEP
GSBUXBRRAY
BRRAYVZ
IJRKO
BRRAYOALC

Risk-Adjusted Indicators

Nowadays, there is a big difference between Nongfu Pink Sheet performing well and Nongfu Spring company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Nongfu Spring's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
KO 0.75 (0.06) (0.09)  0.07  0.92 (0.09) (0.76)  1.93 (1.38)  6.61 
CCEP 0.92  0.23  0.18  0.47  0.65  0.15 (1.07)  2.39 (1.58)  5.97 
VZ 1.03  0.16  0.07  0.45  1.02  0.07 (1.15)  2.17 (2.00)  7.03 
OALC 1.08  0.03  0.05  0.18  0.99  0.0457 (1.20)  2.50 (1.55)  8.19 
BRRAY 7.29  1.01  0.04 (0.57)  9.72  0.05 (13.43)  28.82 (18.07)  68.95 
IJR 1.08 (0.04)  0.00  0.12  1.23 (0.0016) (1.17)  2.35 (2.32)  8.68 
IJH 1.07  0.00  0.03  0.15  1.11  0.0271 (1.13)  2.26 (2.10)  8.24 
GSBUX 0.42  0.12 (0.09) (1.45)  0.26 (0.07) (0.48)  0.79 (0.72)  3.51 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nongfu Spring 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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Nongfu Spring Corporate Management

Elected by the shareholders, the Nongfu Spring's board of directors comprises two types of representatives: Nongfu Spring inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nongfu. The board's role is to monitor Nongfu Spring's management team and ensure that shareholders' interests are well served. Nongfu Spring's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nongfu Spring's outside directors are responsible for providing unbiased perspectives on the board's policies.
Zhen Guo - Deputy DirectorProfile
Zhenhua Zhou - CFO DirectorProfile
Li Zhou - Deputy DirectorProfile
Xiyue Liu - Chief SupervisorProfile
Shanshan Zhong - Chairman FounderProfile
ACIS ACS - Joint SecProfile
Yuan Liao - GM DirectorProfile

Invested in Nongfu Spring Co?

The danger of trading Nongfu Spring Co 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 Nongfu Spring 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 Nongfu Spring. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nongfu Spring 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.
Additionally, see Correlation Analysis. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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