Huize Holding Correlations

HUIZ Stock

USD 3.21 0.04 1.23%

The current 90-days correlation between Huize Holding and CorVel Corp is 0.03 (i.e., Significant diversification). The correlation of Huize Holding 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.

Huize Holding Correlation With Market

Average diversification

The correlation between Huize Holding and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huize Holding 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 Huize Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Huize Stock please use our How to Invest in Huize Holding guide.

Moving against Huize Stock

0.44	AX	Axos Financial	Pair Corr
0.34	BX	Blackstone Group Normal Trading	Pair Corr
0.32	CM	Canadian Imperial Bank	Pair Corr
0.38	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.33	KB	KB Financial Group	Pair Corr

Related Correlations Analysis

	CRVL	ERIE	CRD-B	EHTH	FANH	CRD-A	BRP	BRO	AJG	RELI
CRVL		-0.28	0.31	0.14	0.0	0.39	0.0	-0.41	-0.18	0.08	CRVL
ERIE	-0.28		-0.15	-0.58	0.0	-0.21	0.0	0.48	0.28	-0.25	ERIE
CRD-B	0.31	-0.15		0.49	0.0	0.94	0.0	0.16	0.38	0.05	CRD-B
EHTH	0.14	-0.58	0.49		0.0	0.52	0.0	-0.17	0.09	0.37	EHTH
FANH	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FANH
CRD-A	0.39	-0.21	0.94	0.52	0.0		0.0	0.1	0.38	0.03	CRD-A
BRP	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BRP
BRO	-0.41	0.48	0.16	-0.17	0.0	0.1	0.0		0.91	-0.65	BRO
AJG	-0.18	0.28	0.38	0.09	0.0	0.38	0.0	0.91		-0.59	AJG
RELI	0.08	-0.25	0.05	0.37	0.0	0.03	0.0	-0.65	-0.59		RELI
	CRVL	ERIE	CRD-B	EHTH	FANH	CRD-A	BRP	BRO	AJG	RELI

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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

CRD-A	+ 0.94	CRD-B
AJG	+ 0.91	BRO
CRD-A	+ 0.52	EHTH
EHTH	+ 0.49	CRD-B
BRO	+ 0.48	ERIE
CRD-A	+ 0.39	CRVL

High negative correlations

RELI	- 0.65	BRO
RELI	- 0.59	AJG
EHTH	- 0.58	ERIE
BRO	- 0.41	CRVL
ERIE	- 0.28	CRVL
RELI	- 0.25	ERIE

Risk-Adjusted Indicators

There is a big difference between Huize Stock performing well and Huize Holding 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 Huize Holding'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
CRVL	1.80	(0.02)	0.00	(0.09)	0.00	0.00	3.74	(4.37)	12.81
ERIE	1.52	0.07	0.05	0.11	2.30	(1.49)	3.22	(4.13)	11.24
CRD-B	1.94	0.09	0.00	(0.02)	0.00	0.00	4.59	(3.89)	18.05
EHTH	3.82	0.49	0.18	(0.91)	3.16	(5.20)	8.96	(6.03)	48.01
FANH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRD-A	1.49	0.03	0.00	(0.05)	0.00	0.00	2.91	(3.46)	11.25
BRP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRO	0.79	0.24	0.27	0.59	0.76	(0.83)	1.75	(1.45)	4.81
AJG	1.00	0.23	0.19	0.91	1.27	(1.02)	1.93	(1.87)	6.86
RELI	7.47	1.31	0.16	0.24	6.09	(13.93)	8.82	(10.53)	183.78

Huize Holding Corporate Management

Kwok Tam	CoChief Officer	Profile
Minghan Xiao	CoChief Officer	Profile
Cunjun Ma	Chairman Founder	Profile
Kai Ouyang	Chief Officer	Profile
Yongsheng Wang	Chief Officer	Profile
Haosheng Song	Chief Officer	Profile

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