HUYA Correlations

HUYA Stock

USD 3.88 0.15 4.02%

The current 90-days correlation between HUYA Inc and Roku Inc is 0.35 (i.e., Weak diversification). The correlation of HUYA 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.

HUYA Correlation With Market

Significant diversification

The correlation between HUYA Inc 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 HUYA Inc 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 HUYA Inc. 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 together with HUYA Stock

0.76	SE	Sea	Pair Corr
0.66	PSO	Pearson PLC ADR	Pair Corr
0.68	KRKR	36Kr Holdings	Pair Corr
0.71	MGNI	Magnite	Pair Corr
0.81	NFLX	Netflix	Pair Corr

Moving against HUYA Stock

0.68	EVC	Entravision Communications	Pair Corr
0.58	AMC	AMC Entertainment Aggressive Push	Pair Corr
0.49	WLYB	John Wiley Sons	Pair Corr
0.4	CCO	Clear Channel Outdoor Earnings Call This Week	Pair Corr
0.32	DLPN	Dolphin Entertainment	Pair Corr
0.58	GCI	Gannett Earnings Call This Week	Pair Corr
0.5	CMCSA	Comcast Corp Aggressive Push	Pair Corr
0.37	RSVRW	Reservoir Media Mana	Pair Corr
0.56	SBGI	Sinclair Broadcast	Pair Corr
0.41	SCHL	Scholastic	Pair Corr
0.4	RSVR	Reservoir Media	Pair Corr
0.39	NXST	Nexstar Broadcasting	Pair Corr
0.37	ABTS	Abits Group	Pair Corr
0.31	STGW	Stagwell Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ROKU	PARA	MANU	WBD	SBGI	FOXA	LGF-A	FWONA	NXST	CNK
ROKU		0.24	-0.38	0.32	-0.33	0.6	0.48	0.72	-0.41	-0.15	ROKU
PARA	0.24		0.23	0.28	0.23	-0.11	0.08	-0.1	0.41	0.29	PARA
MANU	-0.38	0.23		0.22	0.67	-0.66	-0.31	-0.59	0.69	0.52	MANU
WBD	0.32	0.28	0.22		0.47	0.02	0.09	0.35	0.25	0.23	WBD
SBGI	-0.33	0.23	0.67	0.47		-0.64	-0.16	-0.4	0.85	0.76	SBGI
FOXA	0.6	-0.11	-0.66	0.02	-0.64		0.64	0.85	-0.71	-0.42	FOXA
LGF-A	0.48	0.08	-0.31	0.09	-0.16	0.64		0.64	-0.26	0.1	LGF-A
FWONA	0.72	-0.1	-0.59	0.35	-0.4	0.85	0.64		-0.6	-0.29	FWONA
NXST	-0.41	0.41	0.69	0.25	0.85	-0.71	-0.26	-0.6		0.81	NXST
CNK	-0.15	0.29	0.52	0.23	0.76	-0.42	0.1	-0.29	0.81		CNK
	ROKU	PARA	MANU	WBD	SBGI	FOXA	LGF-A	FWONA	NXST	CNK

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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

NXST	+ 0.85	SBGI
FWONA	+ 0.85	FOXA
CNK	+ 0.81	NXST
CNK	+ 0.76	SBGI
FWONA	+ 0.72	ROKU
NXST	+ 0.69	MANU

High negative correlations

NXST	- 0.71	FOXA
FOXA	- 0.66	MANU
FOXA	- 0.64	SBGI
NXST	- 0.6	FWONA
FWONA	- 0.59	MANU
CNK	- 0.42	FOXA

Risk-Adjusted Indicators

There is a big difference between HUYA Stock performing well and HUYA 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 HUYA'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
ROKU	2.80	0.51	0.18	2.72	2.62	(3.58)	7.49	(4.59)	17.49
PARA	1.61	0.05	0.02	0.12	1.95	(1.67)	3.95	(2.91)	9.18
MANU	1.27	(0.20)	0.00	1.94	0.00	0.00	2.37	(2.88)	7.42
WBD	2.09	0.21	0.08	0.27	2.50	(2.25)	3.97	(3.89)	21.78
SBGI	1.75	(0.05)	0.00	(0.12)	0.00	0.00	3.74	(4.77)	10.70
FOXA	1.06	0.34	0.29	(2.38)	0.86	(1.33)	2.67	(1.64)	7.54
LGF-A	2.72	0.46	0.17	(3.83)	2.47	(3.36)	6.35	(4.71)	16.42
FWONA	1.16	0.32	0.21	0.83	1.12	(1.22)	3.62	(2.34)	8.37
NXST	1.01	(0.09)	0.00	(0.12)	0.00	0.00	1.51	(2.33)	7.50
CNK	1.28	0.05	0.03	0.21	1.64	(1.23)	3.66	(2.03)	9.88

HUYA Corporate Executives

Elected by the shareholders, the HUYA's board of directors comprises two types of representatives: HUYA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HUYA. The board's role is to monitor HUYA's management team and ensure that shareholders' interests are well served. HUYA'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, HUYA's outside directors are responsible for providing unbiased perspectives on the board's policies.

Xin Wu	Acting Chief Financial Officer	Profile
Xiaozheng Liu	Chief Financial Officer	Profile
Ligao Lai	Chief Technology Officer	Profile

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