IQIYI Correlations

IQ Stock

USD 2.16 0.01 0.47%

The current 90-days correlation between iQIYI Inc and Imax Corp is 0.19 (i.e., Average diversification). The correlation of IQIYI 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.

IQIYI Correlation With Market

Average diversification

The correlation between iQIYI Inc and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iQIYI 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 iQIYI 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 producer price index.

Moving together with IQIYI Stock

0.87	TV	Grupo Televisa SAB	Pair Corr
0.85	DUO	Fangdd Network Group	Pair Corr
0.85	HUYA	HUYA Inc	Pair Corr
0.94	BZ	Kanzhun Ltd ADR Buyout Trend	Pair Corr
0.85	WB	Weibo Corp	Pair Corr

Moving against IQIYI Stock

0.61	LVO	LiveOne	Pair Corr
0.4	CNK	Cinemark Holdings	Pair Corr
0.38	CHTR	Charter Communications	Pair Corr
0.37	DJCO	Daily Journal Corp	Pair Corr
0.36	MANU	Manchester United	Pair Corr
0.35	WOW	WideOpenWest	Pair Corr
0.34	NWS	News Corp B	Pair Corr
0.34	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.55	ZD	Ziff Davis	Pair Corr
0.46	NPSNY	Naspers Ltd ADR Earnings Call This Week	Pair Corr
0.45	OB	Outbrain	Pair Corr
0.39	EA	Electronic Arts	Pair Corr

Related Correlations Analysis

	AMCX	IMAX	MCS	SBGI	NFLX	DIS	PARA	AMC	WBD	ROKU
AMCX		0.46	0.29	-0.15	0.34	0.38	0.25	0.45	0.49	-0.51	AMCX
IMAX	0.46		0.93	0.47	0.83	0.78	0.69	0.13	0.79	-0.42	IMAX
MCS	0.29	0.93		0.63	0.91	0.84	0.76	-0.1	0.81	-0.18	MCS
SBGI	-0.15	0.47	0.63		0.64	0.61	0.44	-0.57	0.41	0.25	SBGI
NFLX	0.34	0.83	0.91	0.64		0.95	0.58	-0.08	0.86	-0.11	NFLX
DIS	0.38	0.78	0.84	0.61	0.95		0.49	-0.02	0.89	-0.13	DIS
PARA	0.25	0.69	0.76	0.44	0.58	0.49		-0.11	0.67	-0.04	PARA
AMC	0.45	0.13	-0.1	-0.57	-0.08	-0.02	-0.11		0.16	-0.53	AMC
WBD	0.49	0.79	0.81	0.41	0.86	0.89	0.67	0.16		-0.14	WBD
ROKU	-0.51	-0.42	-0.18	0.25	-0.11	-0.13	-0.04	-0.53	-0.14		ROKU
	AMCX	IMAX	MCS	SBGI	NFLX	DIS	PARA	AMC	WBD	ROKU

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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

DIS	+ 0.95	NFLX
MCS	+ 0.93	IMAX
NFLX	+ 0.91	MCS
WBD	+ 0.89	DIS
WBD	+ 0.86	NFLX
DIS	+ 0.84	MCS

High negative correlations

AMC	- 0.57	SBGI
ROKU	- 0.53	AMC
ROKU	- 0.51	AMCX
ROKU	- 0.42	IMAX
ROKU	- 0.18	MCS
SBGI	- 0.15	AMCX

Risk-Adjusted Indicators

There is a big difference between IQIYI Stock performing well and IQIYI 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 IQIYI'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
AMCX	2.64	(0.11)	0.00	(0.13)	0.00	0.00	6.36	(5.20)	17.97
IMAX	1.64	0.36	0.14	2.13	1.52	(1.91)	3.24	(2.16)	13.67
MCS	1.42	0.69	0.55	1.44	0.23	(1.82)	4.35	(1.58)	12.61
SBGI	1.80	0.28	0.14	0.33	1.84	(1.99)	4.34	(2.91)	12.18
NFLX	1.31	0.33	0.17	0.66	1.30	(1.46)	2.80	(2.47)	14.67
DIS	0.97	0.34	0.28	0.73	0.48	(1.12)	2.34	(1.34)	7.57
PARA	1.43	(0.06)	(0.04)	0.05	1.94	(1.39)	2.82	(2.81)	9.14
AMC	1.93	(0.06)	(0.02)	0.07	2.22	(2.30)	4.33	(3.73)	11.40
WBD	2.28	0.30	0.13	0.36	2.21	(2.65)	5.42	(3.45)	18.30
ROKU	2.39	(0.08)	(0.01)	0.07	4.13	(2.37)	4.96	(4.28)	24.17

IQIYI Corporate Management

Jun Wang	Chief Officer	Profile
Tim Yu	CEO Founder	Profile
Xiangjun Wang	Chief Officer	Profile
Kris Wu	Chief Officer	Profile
Wenfeng Liu	Chief Officer	Profile
Xianghua Yang	Senior Group	Profile

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