Shineco Correlations

SISI Stock

USD 2.10 0.04 1.87%

The current 90-days correlation between Shineco and AppHarvest is -0.1 (i.e., Good diversification). The correlation of Shineco 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.

Shineco Correlation With Market

Weak diversification

The correlation between Shineco and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shineco 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 Shineco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more detail on how to invest in Shineco Stock please use our How to Invest in Shineco guide.

Moving together with Shineco Stock

0.67	BUD	Anheuser Busch Inbev Sell-off Trend	Pair Corr
0.79	FMX	Fomento Economico	Pair Corr
0.72	STZ	Constellation Brands	Pair Corr
0.76	ISPR	Ispire Technology Common	Pair Corr
0.76	OTLY	Oatly Group AB	Pair Corr
0.74	BG	Bunge Limited	Pair Corr
0.82	CL	Colgate Palmolive Sell-off Trend	Pair Corr
0.73	DG	Dollar General	Pair Corr
0.81	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.75	UG	United Guardian	Pair Corr
0.82	UL	Unilever PLC ADR	Pair Corr

Moving against Shineco Stock

0.79	SAM	Boston Beer	Pair Corr
0.75	TPB	Turning Point Brands	Pair Corr
0.63	TAP	Molson Coors Brewing	Pair Corr
0.6	PM	Philip Morris Intern	Pair Corr
0.56	CCU	Compania Cervecerias	Pair Corr
0.54	UVV	Universal	Pair Corr
0.37	PAVS	Paranovus Entertainment	Pair Corr
0.84	LW	Lamb Weston Holdings Buyout Trend	Pair Corr
0.74	BJ	BJs Wholesale Club	Pair Corr
0.67	KR	Kroger Company	Pair Corr
0.58	MO	Altria Group Sell-off Trend	Pair Corr
0.56	K	Kellanova Sell-off Trend	Pair Corr
0.5	JZ	Jianzhi Education	Pair Corr
0.46	GO	Grocery Outlet Holding	Pair Corr
0.67	EEIQ	Elite Education Group	Pair Corr
0.62	WILC	G Willi Food Earnings Call This Week	Pair Corr
0.47	FAMI	Farmmi Inc	Pair Corr

Related Correlations Analysis

	APPH	LMNR	APPHW	KALRQ	AGRI	SHMP	AASZF	VFF	AQB	AGRO
APPH		-0.11	0.83	0.0	0.61	-0.06	0.53	0.56	0.67	0.32	APPH
LMNR	-0.11		-0.22	0.0	-0.23	-0.15	-0.25	-0.29	-0.21	-0.18	LMNR
APPHW	0.83	-0.22		0.0	0.46	-0.23	0.65	0.62	0.49	0.16	APPHW
KALRQ	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	KALRQ
AGRI	0.61	-0.23	0.46	0.0		0.42	0.32	0.65	0.79	0.61	AGRI
SHMP	-0.06	-0.15	-0.23	0.0	0.42		-0.36	0.16	0.31	0.29	SHMP
AASZF	0.53	-0.25	0.65	0.0	0.32	-0.36		0.62	0.38	0.12	AASZF
VFF	0.56	-0.29	0.62	0.0	0.65	0.16	0.62		0.64	0.43	VFF
AQB	0.67	-0.21	0.49	0.0	0.79	0.31	0.38	0.64		0.58	AQB
AGRO	0.32	-0.18	0.16	0.0	0.61	0.29	0.12	0.43	0.58		AGRO
	APPH	LMNR	APPHW	KALRQ	AGRI	SHMP	AASZF	VFF	AQB	AGRO

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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

APPHW	+ 0.83	APPH
AQB	+ 0.79	AGRI
AQB	+ 0.67	APPH
AASZF	+ 0.65	APPHW
VFF	+ 0.65	AGRI
AQB	+ 0.64	VFF

High negative correlations

AASZF	- 0.36	SHMP
VFF	- 0.29	LMNR
AASZF	- 0.25	LMNR
SHMP	- 0.23	APPHW
AGRI	- 0.23	LMNR
APPHW	- 0.22	LMNR

Risk-Adjusted Indicators

There is a big difference between Shineco Stock performing well and Shineco 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 Shineco'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
APPH	5.95	(1.71)	0.00	(0.85)	0.00	0.00	8.57	(13.64)	31.70
LMNR	1.49	(0.05)	0.01	0.06	1.62	(1.76)	3.30	(3.01)	10.68
APPHW	11.60	(1.16)	0.00	(3.18)	0.00	0.00	17.07	(27.17)	85.32
KALRQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGRI	4.64	(1.41)	0.00	(0.58)	0.00	0.00	7.84	(11.86)	46.62
SHMP	8.30	1.09	0.04	(0.33)	9.18	(19.13)	25.00	(20.00)	61.90
AASZF	14.74	0.19	0.01	0.63	16.77	(18.94)	31.54	(34.75)	151.41
VFF	2.24	(0.17)	0.00	0.28	0.00	0.00	5.75	(6.74)	18.23
AQB	4.10	(0.71)	0.00	(0.66)	0.00	0.00	7.95	(9.09)	40.66
AGRO	1.34	(0.11)	0.00	(1.05)	0.00	0.00	2.96	(3.02)	8.94

Shineco Corporate Management

Fenming Liu	Chief Scientist	Profile
Jennifer Zhan	CEO Director	Profile
Xiqiao Liu	COO Director	Profile
Chi Yan	Chief Officer	Profile
Qiyin Sun	Chief Consultant	Profile
Sai Wang	CFO Director	Profile

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