Lexinfintech Holdings Correlations

LX Stock

USD 10.77 0.25 2.38%

The current 90-days correlation between Lexinfintech Holdings and 360 Finance is 0.72 (i.e., Poor diversification). The correlation of Lexinfintech Holdings 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.

Lexinfintech Holdings Correlation With Market

Average diversification

The correlation between Lexinfintech Holdings and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lexinfintech 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 Lexinfintech 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 interest.

For more information on how to buy Lexinfintech Stock please use our How to Invest in Lexinfintech Holdings guide.

Moving together with Lexinfintech Stock

0.73	V	Visa Class A	Pair Corr
0.63	RENEW	Cartesian Growth	Pair Corr
0.69	COOP	Mr Cooper Group	Pair Corr
0.66	BK	Bank of New York	Pair Corr
0.64	CB	Chubb	Pair Corr
0.93	DB	Deutsche Bank AG	Pair Corr
0.89	GL	Globe Life	Pair Corr

Moving against Lexinfintech Stock

0.83	PYPL	PayPal Holdings	Pair Corr
0.82	CODI	Compass Diversified	Pair Corr
0.72	BX	Blackstone Group	Pair Corr
0.71	SYF	Synchrony Financial	Pair Corr
0.68	AX	Axos Financial	Pair Corr
0.63	DHIL	Diamond Hill Investment	Pair Corr
0.61	ECPG	Encore Capital Group	Pair Corr
0.6	SOFI	SoFi Technologies	Pair Corr
0.5	AXP	American Express	Pair Corr
0.41	BY	Byline Bancorp	Pair Corr
0.36	BN	Brookfield Corp	Pair Corr
0.34	UPST	Upstart Holdings	Pair Corr
0.87	LC	LendingClub Corp	Pair Corr
0.78	CM	Canadian Imperial Bank	Pair Corr
0.68	WD	Walker Dunlop	Pair Corr
0.62	RY	Royal Bank	Pair Corr
0.59	MC	Moelis	Pair Corr
0.57	CG	Carlyle Group	Pair Corr
0.57	RF	Regions Financial	Pair Corr
0.54	KB	KB Financial Group	Pair Corr
0.52	PX	P10 Inc	Pair Corr
0.45	SF	Stifel Financial	Pair Corr
0.36	PB	Prosperity Bancshares	Pair Corr
0.31	RM	Regional Management Corp	Pair Corr

Related Correlations Analysis

	QFIN	ATLC	QD	ENVA	XYF	LC	FINV	YRD	NAVI	SNTG
QFIN		-0.16	0.52	0.15	0.71	-0.62	0.89	0.84	0.08	-0.12	QFIN
ATLC	-0.16		0.46	0.75	-0.67	0.7	-0.42	-0.43	0.29	0.14	ATLC
QD	0.52	0.46		0.56	0.06	0.04	0.3	0.33	0.17	0.13	QD
ENVA	0.15	0.75	0.56		-0.48	0.28	-0.07	-0.09	0.34	0.07	ENVA
XYF	0.71	-0.67	0.06	-0.48		-0.8	0.86	0.86	-0.06	-0.14	XYF
LC	-0.62	0.7	0.04	0.28	-0.8		-0.8	-0.83	0.19	0.31	LC
FINV	0.89	-0.42	0.3	-0.07	0.86	-0.8		0.92	0.03	-0.17	FINV
YRD	0.84	-0.43	0.33	-0.09	0.86	-0.83	0.92		0.06	-0.18	YRD
NAVI	0.08	0.29	0.17	0.34	-0.06	0.19	0.03	0.06		0.18	NAVI
SNTG	-0.12	0.14	0.13	0.07	-0.14	0.31	-0.17	-0.18	0.18		SNTG
	QFIN	ATLC	QD	ENVA	XYF	LC	FINV	YRD	NAVI	SNTG

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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

YRD	+ 0.92	FINV
FINV	+ 0.89	QFIN
FINV	+ 0.86	XYF
YRD	+ 0.86	XYF
YRD	+ 0.84	QFIN
ENVA	+ 0.75	ATLC

High negative correlations

YRD	- 0.83	LC
FINV	- 0.8	LC
LC	- 0.8	XYF
XYF	- 0.67	ATLC
LC	- 0.62	QFIN
XYF	- 0.48	ENVA

Risk-Adjusted Indicators

There is a big difference between Lexinfintech Stock performing well and Lexinfintech Holdings 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 Lexinfintech Holdings' 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
QFIN	2.57	0.33	0.11	0.29	2.86	(2.84)	6.06	(5.18)	14.61
ATLC	2.42	(0.08)	0.00	(0.10)	0.00	0.00	4.49	(5.83)	15.30
QD	2.60	0.15	0.05	0.06	2.80	(3.38)	5.54	(5.05)	20.79
ENVA	1.67	0.08	0.00	(0.02)	0.00	0.00	3.54	(3.25)	8.86
XYF	3.13	1.00	0.23	0.52	3.49	(3.35)	8.61	(6.18)	21.85
LC	2.68	(0.42)	0.00	(0.29)	0.00	0.00	5.71	(6.16)	22.88
FINV	2.03	0.65	0.32	1.93	1.71	(2.57)	4.75	(3.36)	23.39
YRD	3.29	0.78	0.14	0.41	4.67	(3.76)	7.63	(5.92)	31.21
NAVI	1.52	(0.07)	0.00	(0.13)	0.00	0.00	2.47	(3.48)	9.49
SNTG	3.65	0.03	0.00	(0.02)	0.00	0.00	9.25	(5.79)	30.48

Lexinfintech Holdings Corporate Management

Tony Hung	Investor Contact	Profile
Ming Zhao	Chief Officer	Profile
Yong Lu	Chief Officer	Profile
Jamie Wang	Investor Mang	Profile
Yunwen Yang	Chief Officer	Profile

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