Boqii Holding Correlations

BQ Stock

USD 0.44 0 0.68%

The current 90-days correlation between Boqii Holding Limited and Card Factory plc is -0.04 (i.e., Good diversification). The correlation of Boqii Holding 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.

Boqii Holding Correlation With Market

Good diversification

The correlation between Boqii Holding 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 Boqii Holding Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boqii Holding 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 producer price index.

Moving together with Boqii Stock

0.78	HD	Home Depot Sell-off Trend	Pair Corr
0.77	LOW	Lowes Companies	Pair Corr

Moving against Boqii Stock

0.58	CAL	Continental	Pair Corr
0.57	BGI	Birks Group	Pair Corr
0.56	LKQ	LKQ Corporation	Pair Corr
0.53	ZUMZ	Zumiez Inc	Pair Corr
0.41	AAP	Advance Auto Parts	Pair Corr
0.38	DIT	AMCON Distributing	Pair Corr
0.34	RAY	Raytech Holding	Pair Corr
0.32	ASO	Academy Sports Outdoors Earnings Call Today	Pair Corr
0.32	DBI	Designer Brands Earnings Call This Week	Pair Corr
0.32	HVT	Haverty Furniture	Pair Corr
0.65	VC	Visteon Corp	Pair Corr
0.59	NEGG	Newegg Commerce	Pair Corr
0.57	ROST	Ross Stores	Pair Corr
0.52	ARHS	Arhaus Inc	Pair Corr
0.47	JILL	JJill Inc Earnings Call This Week	Pair Corr
0.43	GV	Visionary Education	Pair Corr
0.35	SCVL	Shoe Carnival	Pair Corr
0.32	BURL	Burlington Stores	Pair Corr

Related Correlations Analysis

	CRFCF	BOMH	SCOO	MTTRY	BWTL	WINA	BWMX	ARKO	POL
CRFCF		0.73	0.0	-0.12	0.21	-0.73	0.14	-0.08	-0.09	CRFCF
BOMH	0.73		0.0	0.11	0.16	-0.63	0.37	0.12	0.08	BOMH
SCOO	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SCOO
MTTRY	-0.12	0.11	0.0		-0.46	0.38	-0.13	0.66	0.34	MTTRY
BWTL	0.21	0.16	0.0	-0.46		-0.33	0.0	-0.57	-0.38	BWTL
WINA	-0.73	-0.63	0.0	0.38	-0.33		-0.19	0.53	0.34	WINA
BWMX	0.14	0.37	0.0	-0.13	0.0	-0.19		0.04	0.02	BWMX
ARKO	-0.08	0.12	0.0	0.66	-0.57	0.53	0.04		0.41	ARKO
POL	-0.09	0.08	0.0	0.34	-0.38	0.34	0.02	0.41		POL
	CRFCF	BOMH	SCOO	MTTRY	BWTL	WINA	BWMX	ARKO	POL

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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

BOMH	+ 0.73	CRFCF
ARKO	+ 0.66	MTTRY
ARKO	+ 0.53	WINA
POL	+ 0.41	ARKO
WINA	+ 0.38	MTTRY
BWMX	+ 0.37	BOMH

High negative correlations

WINA	- 0.73	CRFCF
WINA	- 0.63	BOMH
ARKO	- 0.57	BWTL
BWTL	- 0.46	MTTRY
POL	- 0.38	BWTL
WINA	- 0.33	BWTL

Risk-Adjusted Indicators

There is a big difference between Boqii Stock performing well and Boqii Holding 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 Boqii Holding'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
CRFCF	0.92	0.03	0.00	0.85	0.00	0.00	0.00	0.00	51.36
BOMH	1.49	(0.50)	0.00	(1.38)	0.00	0.00	0.00	0.00	53.33
SCOO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MTTRY	2.93	0.20	0.02	2.37	3.15	(6.67)	9.80	(6.56)	29.46
BWTL	0.60	(0.12)	0.00	(0.26)	0.00	0.00	1.01	(2.50)	18.45
WINA	1.50	0.07	0.06	0.17	1.56	(1.56)	3.21	(3.04)	7.82
BWMX	1.76	(0.23)	0.00	(0.11)	0.00	0.00	4.17	(3.67)	15.98
ARKO	1.95	0.05	0.06	0.15	1.87	(2.25)	4.26	(3.07)	11.68
POL	3.78	0.30	0.05	0.56	3.99	(5.20)	7.14	(6.67)	25.93

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