DouYu International Correlations

DOYU Stock

USD 10.00 0.19 1.94%

The current 90-days correlation between DouYu International and Autohome is 0.3 (i.e., Weak diversification). The correlation of DouYu International 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.

DouYu International Correlation With Market

Weak diversification

The correlation between DouYu International Holdings and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DouYu International Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DouYu International Holdings. 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 against DouYu Stock

0.42

LCFY

Locafy

Pair Corr

Related Correlations Analysis

	YY	WB	TME	ATHM	TCEHY	MOMO	BIDU	LIZI	PGRU	YELP
YY		0.13	0.08	0.32	0.01	0.19	0.27	-0.53	-0.03	-0.03	YY
WB	0.13		0.95	0.86	0.92	0.88	0.87	0.51	0.44	0.09	WB
TME	0.08	0.95		0.83	0.9	0.86	0.86	0.48	0.36	0.09	TME
ATHM	0.32	0.86	0.83		0.83	0.82	0.93	0.27	0.26	-0.21	ATHM
TCEHY	0.01	0.92	0.9	0.83		0.86	0.84	0.53	0.44	0.05	TCEHY
MOMO	0.19	0.88	0.86	0.82	0.86		0.92	0.39	0.23	-0.04	MOMO
BIDU	0.27	0.87	0.86	0.93	0.84	0.92		0.25	0.12	-0.19	BIDU
LIZI	-0.53	0.51	0.48	0.27	0.53	0.39	0.25		0.5	-0.04	LIZI
PGRU	-0.03	0.44	0.36	0.26	0.44	0.23	0.12	0.5		0.47	PGRU
YELP	-0.03	0.09	0.09	-0.21	0.05	-0.04	-0.19	-0.04	0.47		YELP
	YY	WB	TME	ATHM	TCEHY	MOMO	BIDU	LIZI	PGRU	YELP

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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

TME	+ 0.95	WB
BIDU	+ 0.93	ATHM
TCEHY	+ 0.92	WB
BIDU	+ 0.92	MOMO
TCEHY	+ 0.9	TME
MOMO	+ 0.88	WB

High negative correlations

LIZI	- 0.53	YY
YELP	- 0.21	ATHM
YELP	- 0.19	BIDU
YELP	- 0.04	LIZI
YELP	- 0.04	MOMO
YELP	- 0.03	YY

Risk-Adjusted Indicators

There is a big difference between DouYu Stock performing well and DouYu International 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 DouYu International'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
YY	1.53	0.03	(0.02)	0.22	1.98	(1.61)	3.61	(3.82)	12.11
WB	2.80	0.28	0.05	0.95	3.20	(3.20)	7.48	(5.36)	23.98
TME	2.36	0.00	(0.01)	0.13	2.46	(2.89)	5.81	(4.93)	21.86
ATHM	1.75	0.14	0.01	1.23	2.02	(1.97)	3.42	(3.80)	11.76
TCEHY	1.84	0.16	(0.01)	(0.17)	2.19	(2.20)	4.43	(2.88)	17.33
MOMO	2.08	(0.02)	0.00	0.17	0.00	0.00	3.99	(4.28)	15.29
BIDU	2.07	(0.07)	0.00	(0.04)	0.00	0.00	4.40	(5.12)	16.49
LIZI	3.55	0.31	0.03	(1.08)	4.25	(4.32)	9.28	(8.70)	28.15
PGRU	0.13	0.00	(0.51)	0.06	0.10	(0.20)	0.30	(0.30)	1.06
YELP	1.26	(0.02)	(0.01)	0.10	1.33	(1.46)	3.13	(2.34)	8.65

DouYu International Corporate Management

Shaojie Chen	Chairman Founder	Profile
Mingming Su	Chief Director	Profile
Lingling Kong	Investor Director	Profile
Hao Cao	VP Director	Profile
Yang Deng	Vice Affairs	Profile
Chao Cheng	Chief Officer	Profile

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