Kanzhun Correlations

BZ Stock

USD 12.58 0.40 3.28%

The current 90-days correlation between Kanzhun Ltd ADR and Robert Half International is 0.09 (i.e., Significant diversification). The correlation of Kanzhun 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.

Kanzhun Correlation With Market

Average diversification

The correlation between Kanzhun Ltd ADR and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kanzhun Ltd ADR 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 Kanzhun Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Kanzhun Stock

0.92	WB	Weibo Corp	Pair Corr
0.85	ZH	Zhihu Inc ADR	Pair Corr
0.92	TME	Tencent Music Entert	Pair Corr
0.89	JFIN	Jiayin Group	Pair Corr
0.71	META	Meta Platforms	Pair Corr

Moving against Kanzhun Stock

0.34	EVER	EverQuote Class A	Pair Corr
0.32	OB	Outbrain	Pair Corr
0.57	GIFT	RDE, Inc Symbol Change	Pair Corr
0.47	SEATW	Vivid Seats Warrant	Pair Corr
0.35	GRPN	Groupon	Pair Corr
0.33	SFUNY	Fang Holdings	Pair Corr
0.57	PODC	Courtside Group, Common	Pair Corr
0.44	PERI	Perion Network	Pair Corr

Related Correlations Analysis

	ZIP	ADP	RHI	TBI	TNET	MAN	KFRC	KELYA	HRT	KELYB
ZIP		0.23	0.22	0.45	0.3	0.15	0.16	0.12	-0.12	0.09	ZIP
ADP	0.23		0.91	-0.44	-0.38	-0.77	-0.44	-0.75	0.68	-0.77	ADP
RHI	0.22	0.91		-0.35	-0.32	-0.64	-0.25	-0.74	0.63	-0.77	RHI
TBI	0.45	-0.44	-0.35		0.39	0.57	0.55	0.64	-0.49	0.5	TBI
TNET	0.3	-0.38	-0.32	0.39		0.71	0.54	0.24	-0.37	0.25	TNET
MAN	0.15	-0.77	-0.64	0.57	0.71		0.53	0.71	-0.58	0.72	MAN
KFRC	0.16	-0.44	-0.25	0.55	0.54	0.53		0.18	-0.56	0.1	KFRC
KELYA	0.12	-0.75	-0.74	0.64	0.24	0.71	0.18		-0.52	0.96	KELYA
HRT	-0.12	0.68	0.63	-0.49	-0.37	-0.58	-0.56	-0.52		-0.43	HRT
KELYB	0.09	-0.77	-0.77	0.5	0.25	0.72	0.1	0.96	-0.43		KELYB
	ZIP	ADP	RHI	TBI	TNET	MAN	KFRC	KELYA	HRT	KELYB

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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

KELYB	+ 0.96	KELYA
RHI	+ 0.91	ADP
KELYB	+ 0.72	MAN
MAN	+ 0.71	TNET
KELYA	+ 0.71	MAN
HRT	+ 0.68	ADP

High negative correlations

KELYB	- 0.77	RHI
KELYB	- 0.77	ADP
MAN	- 0.77	ADP
KELYA	- 0.75	ADP
KELYA	- 0.74	RHI
MAN	- 0.64	RHI

Risk-Adjusted Indicators

There is a big difference between Kanzhun Stock performing well and Kanzhun 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 Kanzhun'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
ZIP	2.19	(0.28)	0.00	(0.06)	0.00	0.00	5.05	(5.35)	18.77
ADP	0.69	0.10	0.10	0.24	0.51	(0.83)	1.68	(1.25)	6.60
RHI	1.23	0.04	0.09	0.14	1.05	(1.51)	2.24	(2.07)	13.22
TBI	2.15	(0.41)	0.00	(0.08)	0.00	0.00	4.21	(4.52)	16.74
TNET	1.69	(0.34)	0.00	(0.05)	0.00	0.00	3.83	(3.24)	15.81
MAN	1.42	(0.36)	0.00	(0.15)	0.00	0.00	2.76	(2.84)	12.95
KFRC	1.31	(0.28)	0.00	(0.13)	0.00	0.00	2.48	(3.03)	9.02
KELYA	1.75	(0.69)	0.00	(0.29)	0.00	0.00	2.89	(4.04)	27.28
HRT	0.11	0.00	(0.62)	0.05	0.09	(0.16)	0.21	(0.21)	0.98
KELYB	1.43	(0.47)	0.00	(0.92)	0.00	0.00	2.55	(6.15)	17.93

Kanzhun Corporate Management

Xiehua Wang	VP Director	Profile
Tao Zhang	CTO Director	Profile
Wenbei Wang	Head Relations	Profile
Jonathan Zhao	Chairman CEO	Profile
Phil Zhang	CFO Director	Profile

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