Kingold Jewelry Related Correlations

Summary

KGJIDelisted Stock

USD 0.0002 0.00 0.00%

Generate correlation matrix for Kingold Jewelry and other related equities to check the degree to which Kingold Jewelry price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Kingold Jewelry. To filter out specific equities, please toggle its corresponding legend item. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.

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Please note, there is a significant difference between Kingold Jewelry's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kingold Jewelry is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kingold Jewelry'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.

Correlations

	PTLO	SMIZF	BC	PLYA	OHTR	LUXHP	ARKR
PTLO		-0.02	0.12	0.0	0.0	0.13	0.23	PTLO
SMIZF	-0.02		0.25	0.6	0.0	0.33	-0.57	SMIZF
BC	0.12	0.25		0.76	0.0	0.59	-0.52	BC
PLYA	0.0	0.6	0.76		0.0	0.71	-0.72	PLYA
OHTR	0.0	0.0	0.0	0.0		0.0	0.0	OHTR
LUXHP	0.13	0.33	0.59	0.71	0.0		-0.44	LUXHP
ARKR	0.23	-0.57	-0.52	-0.72	0.0	-0.44		ARKR
	PTLO	SMIZF	BC	PLYA	OHTR	LUXHP	ARKR

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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

PLYA	+ 0.76	BC
LUXHP	+ 0.71	PLYA
PLYA	+ 0.6	SMIZF
LUXHP	+ 0.59	BC
LUXHP	+ 0.33	SMIZF
BC	+ 0.25	SMIZF

High negative correlations

ARKR	- 0.72	PLYA
ARKR	- 0.57	SMIZF
ARKR	- 0.52	BC
ARKR	- 0.44	LUXHP
SMIZF	- 0.02	PTLO
ARKR	- 0.0	OHTR

Risk-Adjusted Indicators

There is a big difference between Kingold Stock performing well and Kingold Jewelry 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 Kingold Jewelry'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PTLO	2.36	(0.30)	0.00	(0.04)	0.00	0.00	4.33	(3.86)	21.90
SMIZF	0.97	0.44	0.00	0.65	0.00	0.00	0.00	0.00	20.83
BC	1.44	(0.14)	(0.04)	0.00	1.81	(1.45)	2.74	(3.05)	9.44
PLYA	0.98	0.03	0.06	0.10	1.02	(1.17)	2.17	(1.89)	6.06
OHTR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LUXHP	1.65	0.12	0.03	0.48	1.83	(2.10)	3.11	(3.03)	9.98
ARKR	1.34	(0.13)	0.00	(0.21)	0.00	0.00	2.30	(3.22)	9.76

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Kingold Jewelry Related Correlations

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