Kingsoft Cloud Correlations

KC Stock

USD 15.76 0.33 2.14%

The current 90-days correlation between Kingsoft Cloud Holdings and Global Business Travel is 0.02 (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

Significant diversification

The correlation between Kingsoft Cloud Holdings and DJI is 0.04 (i.e., Significant 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

0.91	G	Genpact Limited	Pair Corr
0.69	MG	Mistras Group	Pair Corr
0.89	GDS	GDS Holdings	Pair Corr
0.72	WNS	WNS Holdings	Pair Corr
0.7	IIIV	i3 Verticals	Pair Corr
0.67	BZ	Kanzhun Ltd ADR	Pair Corr
0.77	DE	Deere Company	Pair Corr
0.93	EH	Ehang Holdings	Pair Corr

Moving against Kingsoft Stock

0.93	TTEK	Tetra Tech	Pair Corr
0.89	CMPR	Cimpress NV	Pair Corr
0.85	KBR	KBR Inc	Pair Corr
0.82	DLX	Deluxe	Pair Corr
0.79	MATW	Matthews International	Pair Corr
0.77	ASGN	ASGN Inc	Pair Corr
0.69	EVGOW	EVgo Equity Warrants	Pair Corr
0.68	J	Jacobs Solutions	Pair Corr
0.65	FVRR	Fiverr International	Pair Corr
0.62	GEO	Geo Group	Pair Corr
0.61	CLVT	CLARIVATE PLC	Pair Corr
0.6	CIX	CompX International	Pair Corr
0.59	NL	NL Industries	Pair Corr
0.55	RPAY	Repay Holdings Corp	Pair Corr
0.53	MSA	MSA Safety	Pair Corr
0.45	BRC	Brady	Pair Corr
0.78	BV	BrightView Holdings	Pair Corr
0.76	CW	Curtiss Wright	Pair Corr
0.75	BW	Babcock Wilcox Enter	Pair Corr
0.71	KE	Kimball Electronics	Pair Corr
0.66	IR	Ingersoll Rand	Pair Corr
0.64	OP	Oceanpal	Pair Corr
0.53	GD	General Dynamics	Pair Corr
0.37	AP	Ampco Pittsburgh	Pair Corr
0.37	DY	Dycom Industries	Pair Corr
0.36	FC	Franklin Covey Earnings Call Today	Pair Corr
0.34	FA	First Advantage Corp	Pair Corr

Related Correlations Analysis

	OCFT	GBTG	ALIT	LAW	HTCR	KBNT	IFBD	MVLA	WETG	SMAR
OCFT		-0.69	-0.79	-0.37	-0.73	0.0	-0.66	0.0	0.0	0.0	OCFT
GBTG	-0.69		0.66	0.78	0.68	0.0	0.81	0.0	0.0	0.0	GBTG
ALIT	-0.79	0.66		0.46	0.56	0.0	0.56	0.0	0.0	0.0	ALIT
LAW	-0.37	0.78	0.46		0.43	0.0	0.51	0.0	0.0	0.0	LAW
HTCR	-0.73	0.68	0.56	0.43		0.0	0.76	0.0	0.0	0.0	HTCR
KBNT	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	KBNT
IFBD	-0.66	0.81	0.56	0.51	0.76	0.0		0.0	0.0	0.0	IFBD
MVLA	0.0	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		0.0	WETG
SMAR	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SMAR
	OCFT	GBTG	ALIT	LAW	HTCR	KBNT	IFBD	MVLA	WETG	SMAR

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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

IFBD	+ 0.81	GBTG
LAW	+ 0.78	GBTG
IFBD	+ 0.76	HTCR
HTCR	+ 0.68	GBTG
ALIT	+ 0.66	GBTG
HTCR	+ 0.56	ALIT

High negative correlations

ALIT	- 0.79	OCFT
HTCR	- 0.73	OCFT
GBTG	- 0.69	OCFT
IFBD	- 0.66	OCFT
LAW	- 0.37	OCFT
SMAR	- 0.0	WETG

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	4.46	1.77	0.34	2.22	3.54	(5.39)	14.32	(5.76)	31.38
GBTG	1.32	(0.19)	0.00	(0.24)	0.00	0.00	2.33	(3.48)	8.24
ALIT	1.46	(0.14)	0.00	0.65	0.00	0.00	3.38	(3.14)	7.87
LAW	2.08	(0.35)	0.00	(0.51)	0.00	0.00	4.09	(4.79)	15.04
HTCR	6.55	(0.22)	0.00	(0.16)	0.00	0.00	9.64	(18.75)	78.60
KBNT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IFBD	3.77	(0.31)	0.00	(1.01)	0.00	0.00	7.14	(7.93)	32.77
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
SMAR	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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