Shengfeng Development Correlations

SFWL Stock

1.22 0.04 3.39%

The current 90-days correlation between Shengfeng Development and Jayud Global Logistics is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shengfeng Development moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shengfeng Development Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Shengfeng Development Correlation With Market

Modest diversification

The correlation between Shengfeng Development Limited and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shengfeng Development Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shengfeng Development 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 housing.

Moving against Shengfeng Stock

0.55	HUBG	Hub Group	Pair Corr
0.55	CRGO	Freightos Limited	Pair Corr
0.55	G	Genpact Limited	Pair Corr
0.43	FDX	FedEx	Pair Corr
0.36	JYD	Jayud Global Logistics	Pair Corr
0.31	CRGOW	Freightos Limited	Pair Corr
0.66	BE	Bloom Energy Corp	Pair Corr
0.58	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.57	PL	Planet Labs PBC Earnings Call This Week	Pair Corr
0.56	BR	Broadridge Financial	Pair Corr
0.51	CR	Crane Company	Pair Corr
0.5	HI	Hillenbrand	Pair Corr
0.46	R	Ryder System	Pair Corr
0.45	AL	Air Lease	Pair Corr

Related Correlations Analysis

	JYD	CRGO	AIRT	PGUUF	FWRD	HUBG	LSTR	CHRW	EXPD
JYD		0.7	-0.3	-0.54	0.2	0.69	0.24	0.49	-0.36	JYD
CRGO	0.7		0.08	-0.51	-0.2	0.86	0.31	0.24	-0.27	CRGO
AIRT	-0.3	0.08		-0.15	-0.63	0.09	-0.24	-0.66	0.1	AIRT
PGUUF	-0.54	-0.51	-0.15		-0.04	-0.58	-0.04	-0.05	0.05	PGUUF
FWRD	0.2	-0.2	-0.63	-0.04		-0.09	0.31	0.54	-0.12	FWRD
HUBG	0.69	0.86	0.09	-0.58	-0.09		0.38	0.21	-0.12	HUBG
LSTR	0.24	0.31	-0.24	-0.04	0.31	0.38		0.46	0.18	LSTR
CHRW	0.49	0.24	-0.66	-0.05	0.54	0.21	0.46		-0.03	CHRW
EXPD	-0.36	-0.27	0.1	0.05	-0.12	-0.12	0.18	-0.03		EXPD
	JYD	CRGO	AIRT	PGUUF	FWRD	HUBG	LSTR	CHRW	EXPD

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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

HUBG	+ 0.86	CRGO
CRGO	+ 0.7	JYD
HUBG	+ 0.69	JYD
CHRW	+ 0.54	FWRD
CHRW	+ 0.49	JYD
CHRW	+ 0.46	LSTR

High negative correlations

CHRW	- 0.66	AIRT
FWRD	- 0.63	AIRT
HUBG	- 0.58	PGUUF
PGUUF	- 0.54	JYD
PGUUF	- 0.51	CRGO
EXPD	- 0.36	JYD

Risk-Adjusted Indicators

There is a big difference between Shengfeng Stock performing well and Shengfeng Development 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 Shengfeng Development'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
JYD	5.28	0.78	0.15	1.28	4.27	(7.85)	11.54	(8.42)	41.47
CRGO	4.70	0.28	0.08	0.26	4.52	(7.01)	14.38	(9.37)	40.90
AIRT	3.42	(0.26)	0.00	(0.14)	0.00	0.00	7.17	(7.31)	31.28
PGUUF	0.05	(0.01)	0.00	0.35	0.00	0.00	0.00	0.00	1.64
FWRD	2.46	0.09	0.03	0.21	2.77	(2.69)	4.39	(4.35)	12.56
HUBG	1.39	0.00	0.05	0.13	1.29	(1.59)	3.32	(2.46)	11.93
LSTR	1.20	(0.12)	(0.07)	0.03	1.33	(1.28)	2.39	(2.27)	8.45
CHRW	0.95	(0.05)	(0.07)	0.05	1.36	(1.05)	2.16	(1.28)	8.29
EXPD	0.88	(0.05)	0.00	(0.06)	0.00	0.00	1.89	(2.13)	4.65

Shengfeng Development Corporate Executives

Elected by the shareholders, the Shengfeng Development's board of directors comprises two types of representatives: Shengfeng Development inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shengfeng. The board's role is to monitor Shengfeng Development's management team and ensure that shareholders' interests are well served. Shengfeng Development'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, Shengfeng Development's outside directors are responsible for providing unbiased perspectives on the board's policies.

Guoping Zheng

VP CFO

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