JX Luxventure Correlations

JXJT Stock

USD 1.25 0.05 3.85%

The current 90-days correlation between JX Luxventure Limited and Delta Apparel is -0.28 (i.e., Very good diversification). The correlation of JX Luxventure 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

JX Luxventure Correlation With Market

Good diversification

The correlation between JX Luxventure Limited and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JX Luxventure Limited and DJI 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 JX Luxventure Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with JXJT Stock

0.8	DOOO	BRP Inc Earnings Call Today	Pair Corr
0.62	BLD	Topbuild Corp	Pair Corr
0.79	CCS	Century Communities	Pair Corr
0.76	CRI	Carters	Pair Corr
0.82	DHI	DR Horton	Pair Corr
0.81	HAS	Hasbro Inc Sell-off Trend	Pair Corr
0.7	MTH	Meritage	Pair Corr
0.79	NKE	Nike Inc Aggressive Push	Pair Corr
0.77	SKX	Skechers USA	Pair Corr
0.62	TPH	TRI Pointe Homes	Pair Corr
0.86	GOOS	Canada Goose Holdings	Pair Corr
0.85	LEVI	Levi Strauss Fiscal Year End 23rd of January 2025	Pair Corr

Moving against JXJT Stock

0.69	DOGZ	Dogness International Upward Rally	Pair Corr
0.63	KTB	Kontoor Brands	Pair Corr
0.62	RL	Ralph Lauren Corp	Pair Corr
0.45	PVH	PVH Corp	Pair Corr
0.44	MPX	Marine Products Fiscal Year End 23rd of January 2025	Pair Corr
0.42	UA	Under Armour C	Pair Corr
0.4	REE	Ree Automotive Holding Earnings Call Today	Pair Corr
0.39	FOSL	Fossil Group	Pair Corr
0.82	LULU	Lululemon Athletica Earnings Call This Week	Pair Corr
0.78	SONO	Sonos Inc	Pair Corr
0.64	CVCO	Cavco Industries	Pair Corr
0.62	WWW	Wolverine World Wide	Pair Corr
0.57	BH	Biglari Holdings	Pair Corr
0.53	UAA	Under Armour A Aggressive Push	Pair Corr
0.47	MYTE	MYT Netherlands Parent	Pair Corr
0.47	TMHC	Taylor Morn Home	Pair Corr
0.39	ONON	On Holding Sell-off Trend	Pair Corr
0.38	F	Ford Motor Aggressive Push	Pair Corr

Related Correlations Analysis

	GIII	DLA	LAKE	OXM	SGC	JRSH	GIL	VNCE	ZGN	COLM
GIII		-0.3	-0.65	-0.18	0.32	0.09	0.31	0.38	-0.46	0.1	GIII
DLA	-0.3		0.16	0.72	-0.74	-0.71	-0.87	0.27	0.87	-0.08	DLA
LAKE	-0.65	0.16		0.42	-0.13	0.08	-0.3	-0.41	0.41	0.12	LAKE
OXM	-0.18	0.72	0.42		-0.3	-0.28	-0.64	0.0	0.68	0.31	OXM
SGC	0.32	-0.74	-0.13	-0.3		0.65	0.77	-0.14	-0.72	0.5	SGC
JRSH	0.09	-0.71	0.08	-0.28	0.65		0.58	-0.47	-0.55	0.4	JRSH
GIL	0.31	-0.87	-0.3	-0.64	0.77	0.58		-0.13	-0.88	0.13	GIL
VNCE	0.38	0.27	-0.41	0.0	-0.14	-0.47	-0.13		0.11	-0.05	VNCE
ZGN	-0.46	0.87	0.41	0.68	-0.72	-0.55	-0.88	0.11		-0.02	ZGN
COLM	0.1	-0.08	0.12	0.31	0.5	0.4	0.13	-0.05	-0.02		COLM
	GIII	DLA	LAKE	OXM	SGC	JRSH	GIL	VNCE	ZGN	COLM

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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

ZGN	+ 0.87	DLA
GIL	+ 0.77	SGC
OXM	+ 0.72	DLA
ZGN	+ 0.68	OXM
JRSH	+ 0.65	SGC
GIL	+ 0.58	JRSH

High negative correlations

ZGN	- 0.88	GIL
GIL	- 0.87	DLA
SGC	- 0.74	DLA
ZGN	- 0.72	SGC
JRSH	- 0.71	DLA
LAKE	- 0.65	GIII

Risk-Adjusted Indicators

There is a big difference between JXJT Stock performing well and JX Luxventure 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 JX Luxventure'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
GIII	2.03	0.17	0.06	0.37	1.92	(2.57)	3.72	(4.17)	26.82
DLA	7.34	(3.68)	0.00	(1.79)	0.00	0.00	8.03	(26.97)	38.74
LAKE	1.77	(0.13)	0.00	(0.15)	0.00	0.00	4.50	(3.73)	10.40
OXM	1.46	(0.23)	0.00	(0.05)	0.00	0.00	3.18	(3.12)	8.17
SGC	1.42	0.18	0.12	0.27	1.46	(1.59)	2.88	(2.60)	11.72
JRSH	0.97	0.19	0.06	1.85	0.99	(1.32)	2.04	(2.67)	12.64
GIL	0.78	0.16	0.07	0.82	0.75	(0.85)	2.01	(1.52)	5.23
VNCE	3.01	0.11	(0.01)	(0.30)	3.81	(3.77)	7.78	(7.25)	35.35
ZGN	2.23	(0.46)	0.00	(0.71)	0.00	0.00	4.20	(5.68)	14.37
COLM	1.25	0.00	(0.03)	0.13	1.55	(1.23)	2.53	(2.36)	7.71

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