Jd Inc Correlations

JD
 Stock
  

USD 59.09  2.82  4.55%   

The correlation of Jd Inc 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 Jd Inc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jd Inc ADR 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.
Please see Risk vs Return Analysis.
  
The ability to find closely correlated positions to Jd Inc 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 Inc 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 Inc - 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 Inc ADR to buy it.

Moving together with Jd Inc

0.84BABAAlibaba Group HoldingPairCorr
0.86BZUNBaozun Inc ADRPairCorr
0.65CHWYChewy Inc Upward RallyPairCorr
0.73DADADada NexusPairCorr

Moving against Jd Inc

0.81BOXDBoxed Inc Earnings Call  TomorrowPairCorr
0.59IMBIImedia BrandsPairCorr
0.55HOURHour LoopPairCorr

Related Correlations

BABA
SBUX
MSFT
HD
BAC
BABA
0.27-0.13-0.33-0.6
BABA
SBUX
0.270.580.62-0.12
SBUX
MSFT
-0.130.580.70.54
MSFT
HD
-0.330.620.70.57
HD
BAC
-0.6-0.120.540.57
BAC
BABA
SBUX
MSFT
HD
BAC
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
HDMSFT
HDSBUX
MSFTSBUX
BACHD
BACMSFT
SBUXBABA
  
High negative correlations   
BACBABA
HDBABA
MSFTBABA
BACSBUX

Jd Inc Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Jd Inc stock performing well and Jd Inc 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 Jd Inc'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jd Inc without increasing your portfolio risk or giving up 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 Inc Corporate Directors

Jd Inc corporate directors refer to members of a Jd Inc board of directors. The board of directors generally takes responsibility for the Jd Inc's 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 Inc's board members must vote for the resolution. The Jd Inc board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Dingbo Xu - Independent DirectorProfile
Louis Hsieh - Independent DirectorProfile
Chiping Lau - DirectorProfile
Chi Lau - DirectorProfile

Invested in Jd Inc ADR?

You need to understand the risk of investing before taking a position in Jd Inc. The danger of trading Jd Inc ADR 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 Inc 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 Inc. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Jd Inc ADR 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.
Please see Risk vs Return Analysis. Note that the Jd Inc ADR information on this page should be used as a complementary analysis to other Jd Inc's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Jd Inc Stock analysis

When running Jd Inc ADR price analysis, check to measure Jd Inc'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 Jd Inc is operating at the current time. Most of Jd Inc's value examination focuses on studying past and present price action to predict the probability of Jd Inc's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Jd Inc's price. Additionally, you may evaluate how the addition of Jd Inc to your portfolios can decrease your overall portfolio volatility.
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Is Jd Inc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Jd Inc. If investors know Jd Inc will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Jd Inc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
2.14
Market Capitalization
97.6 B
Quarterly Revenue Growth YOY
0.18
Return On Assets
0.0057
Return On Equity
-0.0482
The market value of Jd Inc ADR is measured differently than its book value, which is the value of Jd Inc that is recorded on the company's balance sheet. Investors also form their own opinion of Jd Inc's value that differs from its market value or its book value, called intrinsic value, which is Jd Inc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Jd Inc's market value can be influenced by many factors that don't directly affect Jd Inc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Jd Inc's value and its price as these two are different measures arrived at by different means. Investors typically determine Jd Inc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jd Inc'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.