Hello Correlations

MOMO Stock

USD 7.89 0.07 0.90%

The current 90-days correlation between Hello Group and Weibo Corp is 0.68 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hello moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hello Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hello Correlation With Market

Good diversification

The correlation between Hello Group and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hello Group 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 Hello Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Hello Stock

0.64	OB	Outbrain Earnings Call Today	Pair Corr
0.81	WB	Weibo Corp	Pair Corr
0.72	YY	YY Inc Class	Pair Corr
0.61	ZH	Zhihu Inc ADR	Pair Corr
0.61	TME	Tencent Music Entert	Pair Corr
0.66	GRPN	Groupon	Pair Corr
0.61	JFIN	Jiayin Group	Pair Corr
0.62	META	Meta Platforms	Pair Corr

Moving against Hello Stock

0.68	MNY	MoneyHero Limited Class	Pair Corr
0.52	GETY	Getty Images Holdings	Pair Corr
0.39	SLE	Super League Enterprise	Pair Corr
0.34	GITS	Global Interactive Symbol Change	Pair Corr
0.47	BZFDW	BuzzFeed	Pair Corr
0.43	NRDS	Nerdwallet	Pair Corr
0.42	SNAP	Snap Inc Sell-off Trend	Pair Corr
0.35	ANGI	ANGI Homeservices	Pair Corr

Related Correlations Analysis

	WB	ATHM	TME	DOYU	YY	BIDU	YELP	ZH	TCEHY	PROSY
WB		0.66	0.82	0.35	0.75	0.82	0.13	0.68	0.77	0.66	WB
ATHM	0.66		0.69	0.48	0.77	0.61	-0.04	0.68	0.7	0.44	ATHM
TME	0.82	0.69		0.13	0.63	0.76	-0.21	0.79	0.88	0.84	TME
DOYU	0.35	0.48	0.13		0.47	0.38	0.61	-0.05	0.06	-0.14	DOYU
YY	0.75	0.77	0.63	0.47		0.55	0.1	0.61	0.68	0.34	YY
BIDU	0.82	0.61	0.76	0.38	0.55		0.19	0.48	0.65	0.6	BIDU
YELP	0.13	-0.04	-0.21	0.61	0.1	0.19		-0.45	-0.36	-0.39	YELP
ZH	0.68	0.68	0.79	-0.05	0.61	0.48	-0.45		0.92	0.82	ZH
TCEHY	0.77	0.7	0.88	0.06	0.68	0.65	-0.36	0.92		0.85	TCEHY
PROSY	0.66	0.44	0.84	-0.14	0.34	0.6	-0.39	0.82	0.85		PROSY
	WB	ATHM	TME	DOYU	YY	BIDU	YELP	ZH	TCEHY	PROSY

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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

TCEHY	+ 0.92	ZH
TCEHY	+ 0.88	TME
PROSY	+ 0.85	TCEHY
PROSY	+ 0.84	TME
TME	+ 0.82	WB
BIDU	+ 0.82	WB

High negative correlations

ZH	- 0.45	YELP
PROSY	- 0.39	YELP
TCEHY	- 0.36	YELP
YELP	- 0.21	TME
PROSY	- 0.14	DOYU
ZH	- 0.05	DOYU

Risk-Adjusted Indicators

There is a big difference between Hello Stock performing well and Hello 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 Hello'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
WB	2.23	0.36	0.13	(2.54)	2.40	(2.34)	5.09	(4.30)	13.46
ATHM	1.57	0.12	0.05	0.23	1.97	(1.56)	3.57	(3.41)	9.63
TME	2.38	0.20	0.06	(0.38)	2.80	(2.65)	5.41	(5.02)	21.82
DOYU	3.52	(0.13)	0.00	(0.03)	0.00	0.00	11.80	(4.23)	82.92
YY	2.32	0.51	0.19	1.72	2.22	(2.59)	6.65	(4.68)	16.01
BIDU	2.26	0.09	0.03	0.29	3.18	(2.07)	5.07	(4.70)	15.16
YELP	1.42	(0.05)	0.00	(0.05)	0.00	0.00	2.23	(3.56)	11.91
ZH	2.76	0.72	0.29	1.20	2.09	(3.62)	7.40	(3.19)	21.35
TCEHY	1.72	0.29	0.12	3.45	2.07	(1.95)	3.87	(2.59)	14.09
PROSY	1.51	0.15	0.06	0.46	2.24	(1.58)	3.31	(2.84)	13.97

Hello Corporate Executives

Elected by the shareholders, the Hello's board of directors comprises two types of representatives: Hello inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hello. The board's role is to monitor Hello's management team and ensure that shareholders' interests are well served. Hello's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hello's outside directors are responsible for providing unbiased perspectives on the board's policies.

Xiaoliang Lei

Co-Founder and Co-Pres

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