JIN MEDICAL Correlations

ZJYL Stock

0.91 0.07 7.14%

The current 90-days correlation between JIN MEDICAL INTERNATIONAL and Logan Ridge Finance is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JIN MEDICAL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JIN MEDICAL INTERNATIONAL moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

JIN MEDICAL Correlation With Market

Average diversification

The correlation between JIN MEDICAL INTERNATIONAL and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JIN MEDICAL INTERNATIONAL 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 JIN MEDICAL INTERNATIONAL. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with JIN Stock

0.84	VERO	Venus Concept	Pair Corr
0.92	EKSO	Ekso Bionics Holdings	Pair Corr
0.72	LIFWW	MSP Recovery	Pair Corr

Moving against JIN Stock

0.9	VREX	Varex Imaging Corp	Pair Corr
0.89	ELMD	Electromed	Pair Corr
0.82	MD	Mednax Inc	Pair Corr
0.78	OM	Outset Medical	Pair Corr
0.76	DXCM	DexCom Inc Sell-off Trend	Pair Corr
0.75	DOCS	Doximity	Pair Corr
0.71	GH	Guardant Health	Pair Corr
0.71	LH	Laboratory	Pair Corr
0.45	VEEV	Veeva Systems Class Earnings Call This Week	Pair Corr
0.43	EW	Edwards Lifesciences Corp	Pair Corr
0.92	LNSR	LENSAR Inc	Pair Corr
0.81	SYK	Stryker	Pair Corr
0.8	BSX	Boston Scientific Corp Sell-off Trend	Pair Corr
0.8	WGS	GeneDx Holdings Corp	Pair Corr
0.8	PODD	Insulet	Pair Corr
0.74	OFIX	Orthofix Medical	Pair Corr
0.71	MMSI	Merit Medical Systems	Pair Corr
0.68	NPCE	Neuropace	Pair Corr
0.61	ABT	Abbott Laboratories Sell-off Trend	Pair Corr
0.59	FNA	Paragon 28	Pair Corr
0.5	ENOV	Enovis Corp	Pair Corr
0.34	ZBH	Zimmer Biomet Holdings	Pair Corr
0.82	TCMD	Tactile Systems Tech	Pair Corr
0.8	CVRX	CVRx Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.7	AORT	Artivion	Pair Corr
0.67	VANI	Vivani Medical	Pair Corr
0.62	CTKB	Cytek Biosciences	Pair Corr
0.6	BWAY	Brainsway	Pair Corr

Related Correlations Analysis

	SEIC	FDUS	AKAN	WM	BK	LRFC	MMSI	NVNO
SEIC		0.74	-0.92	0.91	0.92	0.79	0.74	-0.65	SEIC
FDUS	0.74		-0.58	0.76	0.67	0.54	0.81	-0.26	FDUS
AKAN	-0.92	-0.58		-0.81	-0.83	-0.7	-0.63	0.62	AKAN
WM	0.91	0.76	-0.81		0.83	0.65	0.71	-0.53	WM
BK	0.92	0.67	-0.83	0.83		0.86	0.58	-0.77	BK
LRFC	0.79	0.54	-0.7	0.65	0.86		0.59	-0.74	LRFC
MMSI	0.74	0.81	-0.63	0.71	0.58	0.59		-0.17	MMSI
NVNO	-0.65	-0.26	0.62	-0.53	-0.77	-0.74	-0.17		NVNO
	SEIC	FDUS	AKAN	WM	BK	LRFC	MMSI	NVNO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BK	+ 0.92	SEIC
WM	+ 0.91	SEIC
LRFC	+ 0.86	BK
BK	+ 0.83	WM
MMSI	+ 0.81	FDUS
LRFC	+ 0.79	SEIC

High negative correlations

AKAN	- 0.92	SEIC
BK	- 0.83	AKAN
WM	- 0.81	AKAN
NVNO	- 0.77	BK
NVNO	- 0.74	LRFC
LRFC	- 0.7	AKAN

Risk-Adjusted Indicators

There is a big difference between JIN Stock performing well and JIN MEDICAL 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 JIN MEDICAL'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
SEIC	0.80	0.20	0.18	0.37	0.55	(0.94)	1.57	(1.56)	7.23
FDUS	0.54	0.08	0.00	0.38	0.43	(0.60)	1.20	(0.92)	3.15
AKAN	3.54	(0.53)	0.00	(0.23)	0.00	0.00	8.00	(6.67)	22.55
WM	0.78	0.07	0.01	0.25	0.84	(0.83)	1.67	(1.75)	7.17
BK	0.81	0.20	0.20	0.37	0.49	(0.96)	2.10	(1.32)	4.87
LRFC	1.02	0.31	0.18	(6.75)	0.61	(1.33)	2.65	(1.61)	12.76
MMSI	0.84	0.05	(0.01)	0.23	0.86	(0.90)	2.07	(1.23)	6.42
NVNO	2.77	(0.77)	0.00	(1.27)	0.00	0.00	4.22	(5.59)	33.20

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC