FinVolution Correlations

FINV Stock

USD 10.04 0.05 0.50%

The current 90-days correlation between FinVolution Group and 360 Finance is 0.51 (i.e., Very weak diversification). The correlation of FinVolution 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.

FinVolution Correlation With Market

Significant diversification

The correlation between FinVolution Group and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FinVolution Group 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 FinVolution Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with FinVolution Stock

0.66	V	Visa Class A	Pair Corr
0.63	RENEW	Cartesian Growth	Pair Corr
0.63	COOP	Mr Cooper Group	Pair Corr
0.61	CB	Chubb	Pair Corr
0.88	DB	Deutsche Bank AG	Pair Corr
0.82	GL	Globe Life	Pair Corr

Moving against FinVolution Stock

0.78	PYPL	PayPal Holdings	Pair Corr
0.75	CODI	Compass Diversified	Pair Corr
0.67	SYF	Synchrony Financial	Pair Corr
0.66	BX	Blackstone Group	Pair Corr
0.62	AX	Axos Financial	Pair Corr
0.6	DHIL	Diamond Hill Investment	Pair Corr
0.55	ECPG	Encore Capital Group	Pair Corr
0.54	SOFI	SoFi Technologies	Pair Corr
0.48	AXP	American Express	Pair Corr
0.38	BY	Byline Bancorp	Pair Corr
0.31	BN	Brookfield Corp	Pair Corr
0.8	LC	LendingClub Corp	Pair Corr
0.71	CM	Canadian Imperial Bank	Pair Corr
0.64	WD	Walker Dunlop	Pair Corr
0.57	MC	Moelis	Pair Corr
0.56	RY	Royal Bank	Pair Corr
0.54	CG	Carlyle Group	Pair Corr
0.53	RF	Regions Financial	Pair Corr
0.51	KB	KB Financial Group	Pair Corr
0.48	PX	P10 Inc	Pair Corr
0.43	SF	Stifel Financial	Pair Corr
0.36	PB	Prosperity Bancshares	Pair Corr
0.31	RM	Regional Management Corp	Pair Corr

Related Correlations Analysis

	QFIN	LU	QD	XYF	ATLCP	IX	AGM	ENVA	YRD	LX
QFIN		0.58	0.52	0.71	0.55	0.15	0.25	0.15	0.84	0.85	QFIN
LU	0.58		0.11	0.85	0.61	-0.13	0.23	-0.39	0.82	0.78	LU
QD	0.52	0.11		0.06	0.03	0.01	0.23	0.56	0.33	0.24	QD
XYF	0.71	0.85	0.06		0.55	0.09	0.11	-0.48	0.86	0.87	XYF
ATLCP	0.55	0.61	0.03	0.55		-0.07	0.48	0.04	0.66	0.69	ATLCP
IX	0.15	-0.13	0.01	0.09	-0.07		0.09	-0.04	-0.13	0.0	IX
AGM	0.25	0.23	0.23	0.11	0.48	0.09		0.22	0.23	0.15	AGM
ENVA	0.15	-0.39	0.56	-0.48	0.04	-0.04	0.22		-0.09	-0.08	ENVA
YRD	0.84	0.82	0.33	0.86	0.66	-0.13	0.23	-0.09		0.94	YRD
LX	0.85	0.78	0.24	0.87	0.69	0.0	0.15	-0.08	0.94		LX
	QFIN	LU	QD	XYF	ATLCP	IX	AGM	ENVA	YRD	LX

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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

LX	+ 0.94	YRD
LX	+ 0.87	XYF
YRD	+ 0.86	XYF
LX	+ 0.85	QFIN
XYF	+ 0.85	LU
YRD	+ 0.84	QFIN

High negative correlations

ENVA	- 0.48	XYF
ENVA	- 0.39	LU
YRD	- 0.13	IX
IX	- 0.13	LU
YRD	- 0.09	ENVA
LX	- 0.08	ENVA

Risk-Adjusted Indicators

There is a big difference between FinVolution Stock performing well and FinVolution 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 FinVolution'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
QFIN	2.57	0.33	0.11	0.29	2.86	(2.84)	6.06	(5.18)	14.61
LU	2.93	0.21	0.07	(4.14)	3.80	(3.35)	5.44	(5.70)	21.78
QD	2.60	0.15	0.05	0.06	2.80	(3.38)	5.54	(5.05)	20.79
XYF	3.13	1.00	0.23	0.52	3.49	(3.35)	8.61	(6.18)	21.85
ATLCP	0.55	0.02	0.12	(0.41)	0.65	(0.59)	1.33	(1.15)	3.04
IX	0.95	0.04	0.00	(0.02)	0.00	0.00	1.82	(2.17)	7.70
AGM	1.07	(0.07)	0.00	(0.17)	0.00	0.00	2.62	(2.65)	10.51
ENVA	1.67	0.08	0.00	(0.02)	0.00	0.00	3.54	(3.25)	8.86
YRD	3.29	0.78	0.14	0.41	4.67	(3.76)	7.63	(5.92)	31.21
LX	3.88	1.12	0.27	0.89	3.64	(4.86)	13.01	(5.61)	31.45

FinVolution Corporate Management

Bing Xiang	Independent Director	Profile
Tiezheng Li	President Vice Chairman of the Board, Co-Founder	Profile
Shaofeng Gu	Chairman of the Board, Co-Founder, Chief Innovation Officer	Profile
Jimmy Lai	Independent Director	Profile

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