Cango Correlations
| CANG Stock | USD 4.66 0.40 9.39% |
The current 90-days correlation between Cango Inc and Cars Inc is 0.01 (i.e., Significant diversification). The correlation of Cango 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.
Cango Correlation With Market
Good diversification
The correlation between Cango Inc and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cango Inc and DJI in the same portfolio, assuming nothing else is changed.
Cango |
Moving together with Cango Stock
| 0.71 | FL | Foot Locker | PairCorr |
| 0.61 | RH | RH Earnings Call This Week | PairCorr |
| 0.72 | VSCO | Victorias Secret | PairCorr |
| 0.64 | ETSY | Etsy Inc | PairCorr |
| 0.75 | WINA | Winmark | PairCorr |
| 0.68 | WOOF | Pet Acquisition LLC | PairCorr |
| 0.65 | FIVE | Five Below | PairCorr |
| 0.7 | AEO | American Eagle Outfitters | PairCorr |
| 0.69 | AKA | AKA Brands Holding | PairCorr |
| 0.69 | ANF | Abercrombie Fitch | PairCorr |
| 0.65 | ASO | Academy Sports Outdoors Earnings Call Today | PairCorr |
| 0.67 | AZI | Autozi Internet Tech | PairCorr |
| 0.63 | BGI | Birks Group | PairCorr |
| 0.68 | BKE | Buckle Inc | PairCorr |
Moving against Cango Stock
| 0.6 | VIPS | Vipshop Holdings | PairCorr |
| 0.47 | JD | JD Inc Adr Aggressive Push | PairCorr |
| 0.31 | EBAY | eBay Inc | PairCorr |
| 0.58 | AZO | AutoZone | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cango Stock performing well and Cango 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 Cango'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KFSYF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CARS | 2.35 | (0.55) | 0.00 | (0.39) | 0.00 | 4.51 | 25.98 | |||
| KAR | 1.32 | 0.09 | 0.00 | (0.01) | 0.00 | 2.50 | 7.85 | |||
| RUSHB | 1.54 | 0.07 | 0.00 | (0.03) | 0.00 | 2.78 | 8.87 | |||
| RUSHA | 1.50 | (0.08) | 0.00 | (0.16) | 0.00 | 2.91 | 10.06 | |||
| SAH | 1.43 | (0.03) | 0.00 | (0.12) | 0.00 | 2.72 | 11.27 | |||
| LAD | 1.50 | (0.22) | 0.00 | (0.27) | 0.00 | 3.40 | 10.18 | |||
| AN | 1.29 | 0.03 | 0.00 | (0.08) | 0.00 | 2.26 | 8.00 | |||
| ABG | 1.64 | 0.01 | 0.00 | (0.09) | 0.00 | 2.92 | 18.09 |
Cango Corporate Management
| Ming Chi | Independent Director | Profile | |
| Xiaojun Zhang | CoFounder Chairman | Profile | |
| Zhou Langlang | Director | Profile | |
| Yongyi Zhang | CFO Director | Profile | |
| Liu Rong | Independent Director | Profile |