Yunji Correlations

YJ Stock

USD 1.68 0.02 1.18%

The current 90-days correlation between Yunji Inc and Kidpik Corp is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Yunji moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yunji Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Yunji Correlation With Market

Significant diversification

The correlation between Yunji Inc and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yunji Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Yunji Inc. 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 Yunji Stock

0.7	AEO	American Eagle Outfitters	Pair Corr
0.63	ASO	Academy Sports Outdoors Earnings Call Today	Pair Corr
0.64	DBI	Designer Brands Earnings Call This Week	Pair Corr
0.69	HVT	Haverty Furniture	Pair Corr
0.68	BOOT	Boot Barn Holdings	Pair Corr

Moving against Yunji Stock

0.72	VSCO	Victorias Secret	Pair Corr
0.71	ABG	Asbury Automotive	Pair Corr
0.7	WEYS	Weyco Group	Pair Corr
0.7	GME	GameStop Corp Earnings Call This Week	Pair Corr
0.54	EYE	National Vision Holdings	Pair Corr
0.46	GLBE	Global E Online	Pair Corr
0.39	GAP	Gap, Symbol Change	Pair Corr
0.64	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.62	BH	Biglari Holdings	Pair Corr
0.47	F	Ford Motor Aggressive Push	Pair Corr
0.44	RL	Ralph Lauren Corp	Pair Corr
0.42	JFBR	Jeffs Brands	Pair Corr
0.38	UA	Under Armour C	Pair Corr
0.34	CATO	Cato Downward Rally	Pair Corr

Related Correlations Analysis

	JFBR	JMIA	PIK	QRTEB	NHTC	LQDT	W	PDD	VIPS	ETSY
JFBR		-0.59	0.01	-0.59	-0.39	0.71	-0.27	-0.15	-0.17	-0.09	JFBR
JMIA	-0.59		-0.09	0.73	-0.15	-0.68	0.74	0.58	0.62	-0.08	JMIA
PIK	0.01	-0.09		-0.16	0.05	-0.07	-0.21	-0.21	-0.33	-0.01	PIK
QRTEB	-0.59	0.73	-0.16		0.28	-0.61	0.56	0.14	0.21	0.29	QRTEB
NHTC	-0.39	-0.15	0.05	0.28		-0.26	-0.31	-0.74	-0.69	0.54	NHTC
LQDT	0.71	-0.68	-0.07	-0.61	-0.26		-0.32	-0.12	-0.12	0.1	LQDT
W	-0.27	0.74	-0.21	0.56	-0.31	-0.32		0.52	0.61	0.03	W
PDD	-0.15	0.58	-0.21	0.14	-0.74	-0.12	0.52		0.97	-0.47	PDD
VIPS	-0.17	0.62	-0.33	0.21	-0.69	-0.12	0.61	0.97		-0.38	VIPS
ETSY	-0.09	-0.08	-0.01	0.29	0.54	0.1	0.03	-0.47	-0.38		ETSY
	JFBR	JMIA	PIK	QRTEB	NHTC	LQDT	W	PDD	VIPS	ETSY

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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

VIPS	+ 0.97	PDD
W	+ 0.74	JMIA
QRTEB	+ 0.73	JMIA
LQDT	+ 0.71	JFBR
VIPS	+ 0.62	JMIA
VIPS	+ 0.61	W

High negative correlations

PDD	- 0.74	NHTC
VIPS	- 0.69	NHTC
LQDT	- 0.68	JMIA
LQDT	- 0.61	QRTEB
QRTEB	- 0.59	JFBR
JMIA	- 0.59	JFBR

Risk-Adjusted Indicators

There is a big difference between Yunji Stock performing well and Yunji 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 Yunji'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
JFBR	30.65	18.02	1.93	(0.80)	6.11	(44.54)	27.27	(10.53)	991.17
JMIA	3.35	(0.62)	0.00	(0.15)	0.00	0.00	7.14	(6.04)	28.82
PIK	3.90	(0.05)	(0.02)	0.03	5.45	(3.93)	9.38	(9.35)	25.87
QRTEB	3.32	(0.61)	0.00	(1.77)	0.00	0.00	6.47	(6.62)	23.12
NHTC	1.62	(0.30)	0.00	(0.79)	0.00	0.00	2.85	(3.33)	13.19
LQDT	1.24	0.03	0.05	0.14	1.37	(1.27)	2.19	(2.17)	9.34
W	2.78	0.01	(0.01)	0.14	3.67	(2.71)	5.74	(6.15)	16.38
PDD	2.59	0.06	(0.02)	(0.97)	3.56	(2.82)	4.85	(6.03)	24.21
VIPS	1.85	0.02	(0.01)	0.14	2.23	(2.36)	4.34	(4.47)	17.40
ETSY	1.68	(0.08)	(0.05)	0.01	2.27	(1.75)	3.43	(4.28)	13.37

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