Aurora Mobile Correlations

JG Stock

USD 8.19 0.90 12.35%

The current 90-days correlation between Aurora Mobile and Telos Corp is 0.06 (i.e., Significant diversification). The correlation of Aurora Mobile 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.

Aurora Mobile Correlation With Market

Significant diversification

The correlation between Aurora Mobile and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aurora Mobile 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 Aurora Mobile. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more detail on how to invest in Aurora Stock please use our How to Invest in Aurora Mobile guide.

Moving together with Aurora Stock

0.71	GCT	GigaCloud Technology	Pair Corr
0.67	XNET	Xunlei Ltd Adr	Pair Corr

Moving against Aurora Stock

0.66	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.53	VRAR	Glimpse Group	Pair Corr
0.33	EEFT	Euronet Worldwide	Pair Corr
0.52	PGY	Pagaya Technologies Tech Boost	Pair Corr

Related Correlations Analysis

	GCT	ARQQ	IRNT	TLS	CETX	HUBC	ZFOX	AUID	VHC	DTSS
GCT		-0.03	-0.79	0.33	-0.77	0.35	0.5	-0.54	-0.48	0.54	GCT
ARQQ	-0.03		-0.2	-0.19	-0.07	0.06	0.23	0.01	-0.53	0.29	ARQQ
IRNT	-0.79	-0.2		-0.19	0.82	-0.28	-0.53	0.6	0.72	-0.51	IRNT
TLS	0.33	-0.19	-0.19		-0.33	0.0	0.07	0.23	-0.12	0.23	TLS
CETX	-0.77	-0.07	0.82	-0.33		-0.19	-0.45	0.48	0.73	-0.62	CETX
HUBC	0.35	0.06	-0.28	0.0	-0.19		0.05	-0.51	-0.23	0.39	HUBC
ZFOX	0.5	0.23	-0.53	0.07	-0.45	0.05		-0.08	-0.33	0.23	ZFOX
AUID	-0.54	0.01	0.6	0.23	0.48	-0.51	-0.08		0.34	-0.37	AUID
VHC	-0.48	-0.53	0.72	-0.12	0.73	-0.23	-0.33	0.34		-0.64	VHC
DTSS	0.54	0.29	-0.51	0.23	-0.62	0.39	0.23	-0.37	-0.64		DTSS
	GCT	ARQQ	IRNT	TLS	CETX	HUBC	ZFOX	AUID	VHC	DTSS

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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

CETX	+ 0.82	IRNT
VHC	+ 0.73	CETX
VHC	+ 0.72	IRNT
AUID	+ 0.6	IRNT
DTSS	+ 0.54	GCT
ZFOX	+ 0.5	GCT

High negative correlations

IRNT	- 0.79	GCT
CETX	- 0.77	GCT
DTSS	- 0.64	VHC
DTSS	- 0.62	CETX
AUID	- 0.54	GCT
ZFOX	- 0.53	IRNT

Risk-Adjusted Indicators

There is a big difference between Aurora Stock performing well and Aurora Mobile 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 Aurora Mobile'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
GCT	4.86	0.17	0.04	0.24	4.85	(5.69)	9.70	(7.70)	30.15
ARQQ	8.82	1.15	0.17	0.40	7.76	(11.86)	25.56	(13.79)	58.48
IRNT	7.07	(0.28)	0.00	0.22	0.00	0.00	11.76	(13.04)	72.73
TLS	2.93	(0.20)	0.00	0.04	3.62	(3.04)	7.85	(5.90)	25.89
CETX	8.34	(5.78)	0.00	27.94	0.00	0.00	8.73	(33.92)	75.61
HUBC	4.02	(0.15)	(0.01)	0.03	4.17	(5.37)	9.09	(7.14)	19.94
ZFOX	3.61	(0.23)	0.00	(0.15)	0.00	0.00	10.09	(8.57)	23.43
AUID	3.65	(0.59)	0.00	(0.32)	0.00	0.00	8.74	(8.74)	29.47
VHC	1.96	(0.42)	0.00	(0.88)	0.00	0.00	3.88	(5.71)	14.02
DTSS	4.84	0.42	0.05	0.83	7.23	(5.33)	11.40	(9.20)	61.49

Aurora Mobile Corporate Management

ShanNen Bong	Chief Officer	Profile
Weidong Luo	Chairman CoFounder	Profile
Qing Zhang	Deputy Officer	Profile
Guoxiao Ben	Chief Officer	Profile

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