Hesai Group Correlations

HSAI Stock

6.86 0.49 6.67%

The current 90-days correlation between Hesai Group American and Lindblad Expeditions Holdings is -0.03 (i.e., Good diversification). The correlation of Hesai Group 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.

Hesai Group Correlation With Market

Good diversification

The correlation between Hesai Group American and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hesai Group American and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hesai Group American. 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 Hesai Stock

0.68	LI	Li Auto Buyout Trend	Pair Corr
0.64	ZK	ZEEKR Intelligent	Pair Corr
0.72	HD	Home Depot Sell-off Trend	Pair Corr

Moving against Hesai Stock

0.58	VLCN	Volcon Inc	Pair Corr
0.42	FRSX	Foresight Autonomous	Pair Corr
0.37	TM	Toyota Motor	Pair Corr
0.31	VC	Visteon Corp	Pair Corr
0.61	VFSWW	VinFast Auto	Pair Corr
0.58	MULN	Mullen Automotive	Pair Corr
0.54	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.46	SRI	Stoneridge	Pair Corr
0.33	LCID	Lucid Group Aggressive Push	Pair Corr
0.4	DNUT	Krispy Kreme	Pair Corr
0.37	GV	Visionary Education	Pair Corr
0.37	DOOO	BRP Inc Earnings Call Today	Pair Corr

Related Correlations Analysis

	LIND	MMSI	UAL	ACCO	TTC	PSTL	FSTR
LIND		0.86	0.74	0.87	0.0	-0.17	0.8	LIND
MMSI	0.86		0.68	0.79	-0.04	-0.15	0.83	MMSI
UAL	0.74	0.68		0.51	-0.4	-0.24	0.74	UAL
ACCO	0.87	0.79	0.51		0.21	-0.19	0.72	ACCO
TTC	0.0	-0.04	-0.4	0.21		0.11	-0.01	TTC
PSTL	-0.17	-0.15	-0.24	-0.19	0.11		-0.43	PSTL
FSTR	0.8	0.83	0.74	0.72	-0.01	-0.43		FSTR
	LIND	MMSI	UAL	ACCO	TTC	PSTL	FSTR

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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

ACCO	+ 0.87	LIND
MMSI	+ 0.86	LIND
FSTR	+ 0.83	MMSI
FSTR	+ 0.8	LIND
ACCO	+ 0.79	MMSI
UAL	+ 0.74	LIND

High negative correlations

FSTR	- 0.43	PSTL
TTC	- 0.4	UAL
PSTL	- 0.24	UAL
PSTL	- 0.19	ACCO
PSTL	- 0.17	LIND
PSTL	- 0.15	MMSI

Risk-Adjusted Indicators

There is a big difference between Hesai Stock performing well and Hesai Group 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 Hesai Group'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
LIND	2.45	0.03	0.07	0.13	2.32	(3.68)	4.63	(3.83)	29.57
MMSI	0.87	0.09	0.03	0.30	0.77	(0.95)	2.11	(1.23)	6.42
UAL	1.92	1.07	0.79	0.67	0.38	(2.54)	6.47	(1.92)	16.43
ACCO	1.66	0.11	0.01	0.52	1.75	(1.92)	4.55	(3.11)	10.48
TTC	1.20	(0.16)	0.00	(0.05)	0.00	0.00	2.23	(2.19)	11.13
PSTL	0.77	(0.06)	0.00	(0.03)	0.00	0.00	1.76	(1.61)	5.81
FSTR	2.10	0.40	0.25	0.33	1.59	(2.48)	6.37	(3.40)	14.55

Hesai Group Corporate Executives

Elected by the shareholders, the Hesai Group's board of directors comprises two types of representatives: Hesai Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hesai. The board's role is to monitor Hesai Group's management team and ensure that shareholders' interests are well served. Hesai Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hesai Group's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Shaoqing Xiang	CTO CoFounder	Profile
	Kai Sun	Chief CoFounder	Profile

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