Miniso Group Correlations

MNSO
 Stock
  

USD 11.35  0.19  1.70%   

The correlation of Miniso Group 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 Miniso Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Miniso Group HoldingLtd 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 Miniso Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Miniso Group 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 Miniso Group - 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 Miniso Group HoldingLtd to buy it.

Moving together with Miniso Group

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+0.64ANCTFAlimentation Couchen TardPairCorr
+0.74GPCGenuine PartsPairCorr
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+0.76ULTAUlta BeautyPairCorr
+0.75BBYBest BuyPairCorr
+0.94NCLTFNitori HoldingsPairCorr
+0.94NCLTYNitori HoldingsPairCorr
+0.76FLWS1-800 FLOWERSCOMPairCorr
+0.89ASXASE Industrial Holding Tech BoostPairCorr

Moving against Miniso Group

-0.68CNSRFCoinShares InternationalPairCorr
-0.66GOOLFAquarius AIPairCorr

Related Correlations

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Be your own money manager

Our tools can tell you how much better you can do entering a position in Miniso Group 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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Miniso Group Corporate Management

Elected by the shareholders, the Miniso Group's board of directors comprises two types of representatives: Miniso Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Miniso. The board's role is to monitor Miniso Group's management team and ensure that shareholders' interests are well served. Miniso Group'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, Miniso Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
Guofu Ye - Chairman FounderProfile
Eason Zhang - Director RelationsProfile
Na Dou - Ex VPProfile
Saiyin Zhang - Ex CFOProfile
Hoi Wong - Joint SecProfile
Minxin Li - Ex DirectorProfile

Invested in Miniso Group HoldingLtd?

The danger of trading Miniso Group HoldingLtd 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 Miniso Group 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 Miniso Group. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Miniso Group HoldingLtd 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running Miniso Group HoldingLtd price analysis, check to measure Miniso Group'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 Miniso Group is operating at the current time. Most of Miniso Group's value examination focuses on studying past and present price action to predict the probability of Miniso Group's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Miniso Group's price. Additionally, you may evaluate how the addition of Miniso Group to your portfolios can decrease your overall portfolio volatility.
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Is Miniso Group'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 Miniso Group. If investors know Miniso 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 Miniso Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Miniso Group HoldingLtd is measured differently than its book value, which is the value of Miniso that is recorded on the company's balance sheet. Investors also form their own opinion of Miniso Group's value that differs from its market value or its book value, called intrinsic value, which is Miniso Group'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 Miniso Group's market value can be influenced by many factors that don't directly affect Miniso Group'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 Miniso Group's value and its price as these two are different measures arrived at by different means. Investors typically determine Miniso Group value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Miniso Group'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.