Kingsoft Cloud Correlations

KC Stock

USD 18.80 0.35 1.90%

The current 90-days correlation between Kingsoft Cloud Holdings and Oneconnect Financial Technology is 0.04 (i.e., Significant diversification). The correlation of Kingsoft Cloud 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.

Kingsoft Cloud Correlation With Market

Average diversification

The correlation between Kingsoft Cloud Holdings and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kingsoft Cloud Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingsoft Cloud Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Kingsoft Stock

0.83	G	Genpact Limited Sell-off Trend	Pair Corr
0.64	BR	Broadridge Financial	Pair Corr
0.8	LZ	LegalZoom	Pair Corr
0.77	MG	Mistras Group Earnings Call This Week	Pair Corr
0.78	EXLS	ExlService Holdings Earnings Call Tomorrow	Pair Corr
0.82	IIIV	i3 Verticals	Pair Corr

Moving against Kingsoft Stock

0.93	DLHC	DLH Holdings Corp	Pair Corr
0.87	BTM	Bitcoin Depot	Pair Corr
0.84	WLDN	Willdan Group Earnings Call Next Week	Pair Corr
0.84	DLX	Deluxe	Pair Corr
0.78	VLTO	Veralto	Pair Corr
0.76	BV	BrightView Holdings	Pair Corr
0.76	WEX	Wex Inc Buyout Trend	Pair Corr
0.73	NL	NL Industries Earnings Call This Week	Pair Corr
0.7	HNI	HNI Corp	Pair Corr
0.67	SOS	SOS Limited	Pair Corr
0.65	EXPO	Exponent	Pair Corr
0.62	VCIG	VCI Global Limited	Pair Corr
0.55	FTEK	Fuel Tech	Pair Corr
0.49	ACU	Acme United Earnings Call This Week	Pair Corr
0.48	VIRC	Virco Manufacturing	Pair Corr
0.46	VSEC	VSE Corporation Earnings Call This Week	Pair Corr
0.37	FVRR	Fiverr International	Pair Corr
0.93	CMPR	Cimpress NV	Pair Corr
0.89	IMXI	International Money	Pair Corr
0.77	TILE	Interface	Pair Corr
0.75	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.74	LICY	LiCycle Holdings Corp	Pair Corr
0.71	EVGOW	EVgo Equity Warrants	Pair Corr
0.66	RPAY	Repay Holdings Corp Earnings Call Tomorrow	Pair Corr
0.62	YXT	YXTCOM GROUP HOLDING	Pair Corr

Related Correlations Analysis

	OCFT	GBTG	ALIT	LAW	HTCR	KBNT	IFBD	MVLA	WETG
OCFT		-0.47	-0.47	-0.25	-0.17	0.0	-0.32	0.0	0.0	OCFT
GBTG	-0.47		0.55	0.51	0.04	0.0	0.53	0.0	0.0	GBTG
ALIT	-0.47	0.55		0.7	-0.21	0.0	0.27	0.0	0.0	ALIT
LAW	-0.25	0.51	0.7		-0.19	0.0	0.34	0.0	0.0	LAW
HTCR	-0.17	0.04	-0.21	-0.19		0.0	0.42	0.0	0.0	HTCR
KBNT	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	KBNT
IFBD	-0.32	0.53	0.27	0.34	0.42	0.0		0.0	0.0	IFBD
MVLA	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	MVLA
WETG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		WETG
	OCFT	GBTG	ALIT	LAW	HTCR	KBNT	IFBD	MVLA	WETG

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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

LAW	+ 0.7	ALIT
ALIT	+ 0.55	GBTG
IFBD	+ 0.53	GBTG
LAW	+ 0.51	GBTG
IFBD	+ 0.42	HTCR
IFBD	+ 0.34	LAW

High negative correlations

ALIT	- 0.47	OCFT
GBTG	- 0.47	OCFT
IFBD	- 0.32	OCFT
LAW	- 0.25	OCFT
HTCR	- 0.21	ALIT
HTCR	- 0.19	LAW

Risk-Adjusted Indicators

There is a big difference between Kingsoft Stock performing well and Kingsoft Cloud 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 Kingsoft Cloud'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
OCFT	4.82	1.11	0.21	0.63	4.60	(6.01)	14.32	(7.33)	36.20
GBTG	1.02	(0.06)	0.00	(0.10)	0.00	0.00	2.16	(2.21)	7.45
ALIT	1.13	(0.15)	0.00	(0.24)	0.00	0.00	1.80	(2.46)	6.45
LAW	2.03	(0.06)	0.00	(0.15)	0.00	0.00	5.00	(3.89)	17.13
HTCR	6.77	0.77	0.08	0.95	8.85	(6.98)	10.27	(15.12)	78.60
KBNT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IFBD	4.70	0.33	0.05	(0.73)	6.13	(5.20)	8.64	(7.76)	65.71
MVLA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WETG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Kingsoft Cloud Corporate Management

Shouhu Wang	President	Profile
Nicole Shan	Investor Officer	Profile
Haijian He	Chief Officer	Profile
ACIS ACS	Company Secretary	Profile
Shouxing Liang	Chief Officer	Profile

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