Oneconnect Financial Correlations

OCFT Stock

USD 6.80 0.05 0.74%

The current 90-days correlation between Oneconnect Financial and Global Business Travel is 0.39 (i.e., Weak diversification). The correlation of Oneconnect Financial 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.

Oneconnect Financial Correlation With Market

Good diversification

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

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oneconnect Financial Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Oneconnect Stock

0.62

Kingsoft Cloud Holdings

Pair Corr

Moving against Oneconnect Stock

0.95	EB	Eventbrite Class A	Pair Corr
0.94	AI	C3 Ai Inc	Pair Corr
0.91	VERX	Vertex	Pair Corr
0.9	WBTN	WEBTOON Entertainment Downward Rally	Pair Corr
0.86	EGAN	eGain	Pair Corr
0.86	ELWS	Earlyworks Co, Tech Boost	Pair Corr
0.85	DSGX	Descartes Systems	Pair Corr
0.82	VMEO	Vimeo Inc	Pair Corr
0.81	BL	Blackline	Pair Corr
0.8	WK	Workiva	Pair Corr
0.8	VTEX	VTEX Tech Boost	Pair Corr
0.79	DV	DoubleVerify Holdings	Pair Corr
0.74	EGHT	8x8 Common Stock	Pair Corr
0.73	DOCU	DocuSign	Pair Corr
0.7	ZM	Zoom Video Communications	Pair Corr
0.69	DJCO	Daily Journal Corp	Pair Corr
0.66	VERB	Verb Technology Earnings Call This Week	Pair Corr
0.49	WDAY	Workday	Pair Corr
0.46	DT	Dynatrace Holdings LLC	Pair Corr
0.46	DUOL	Duolingo Downward Rally	Pair Corr
0.4	WALD	Waldencast Acquisition	Pair Corr
0.92	ANY	Sphere 3D Corp	Pair Corr
0.92	BSY	Bentley Systems	Pair Corr
0.92	DAY	Dayforce	Pair Corr
0.91	CRM	Salesforce	Pair Corr
0.91	DMN	Damon Common Stock	Pair Corr
0.88	HKD	AMTD Digital	Pair Corr
0.87	ETWO	E2open Parent Holdings	Pair Corr
0.85	FSLY	Fastly Inc	Pair Corr

Related Correlations Analysis

	PBTS	IDAI	AMST	MYSZ	KC	GBTG	ALIT	LAW	YMM	MCLD
PBTS		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PBTS
IDAI	0.0		0.71	0.81	-0.58	0.59	0.45	0.26	-0.63	0.0	IDAI
AMST	0.0	0.71		0.75	-0.68	0.77	0.51	0.5	-0.61	0.0	AMST
MYSZ	0.0	0.81	0.75		-0.56	0.65	0.48	0.33	-0.62	0.0	MYSZ
KC	0.0	-0.58	-0.68	-0.56		-0.57	-0.44	-0.23	0.77	0.0	KC
GBTG	0.0	0.59	0.77	0.65	-0.57		0.85	0.83	-0.74	0.0	GBTG
ALIT	0.0	0.45	0.51	0.48	-0.44	0.85		0.76	-0.67	0.0	ALIT
LAW	0.0	0.26	0.5	0.33	-0.23	0.83	0.76		-0.48	0.0	LAW
YMM	0.0	-0.63	-0.61	-0.62	0.77	-0.74	-0.67	-0.48		0.0	YMM
MCLD	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MCLD
	PBTS	IDAI	AMST	MYSZ	KC	GBTG	ALIT	LAW	YMM	MCLD

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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

ALIT	+ 0.85	GBTG
LAW	+ 0.83	GBTG
MYSZ	+ 0.81	IDAI
GBTG	+ 0.77	AMST
YMM	+ 0.77	KC
LAW	+ 0.76	ALIT

High negative correlations

YMM	- 0.74	GBTG
KC	- 0.68	AMST
YMM	- 0.67	ALIT
YMM	- 0.63	IDAI
YMM	- 0.62	MYSZ
YMM	- 0.61	AMST

Risk-Adjusted Indicators

There is a big difference between Oneconnect Stock performing well and Oneconnect Financial 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 Oneconnect Financial'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
PBTS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IDAI	7.35	(0.99)	0.00	0.87	0.00	0.00	20.11	(16.59)	95.40
AMST	4.54	(0.45)	0.00	(0.74)	0.00	0.00	8.50	(12.06)	53.11
MYSZ	10.56	2.38	0.23	0.55	8.57	(13.98)	12.47	(14.67)	247.07
KC	5.69	1.18	0.19	(2.18)	5.48	(6.30)	14.35	(10.38)	36.26
GBTG	1.31	(0.29)	0.00	0.65	0.00	0.00	2.33	(3.48)	8.24
ALIT	1.44	(0.14)	0.00	0.36	0.00	0.00	3.38	(3.14)	7.87
LAW	1.93	(0.23)	0.00	(0.25)	0.00	0.00	4.09	(3.73)	15.04
YMM	1.87	0.30	0.13	0.77	2.08	(2.16)	4.78	(3.43)	21.07
MCLD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Oneconnect Financial Corporate Management

Rubo Lin	Chief Officer	Profile
Yongtao Luo	Chief Officer	Profile
Wenwei Dou	Director	Profile
Fang Liu	Chief Assistant	Profile
Danielle Gao	Head Relations	Profile
Xuhua Chen	Chief Officer	Profile
Tsz Chan	Company Secretary	Profile

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