SohuCom Correlations

SOHU Stock

USD 14.43 0.21 1.48%

The correlation of SohuCom 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.

SohuCom Correlation With Market

Weak diversification

The correlation between SohuCom and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SohuCom and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SohuCom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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

Moving together with SohuCom Stock

0.73	BILI	Bilibili	Pair Corr
0.7	TTWO	Take Two Interactive	Pair Corr
0.76	IQ	iQIYI Inc Aggressive Push	Pair Corr

Moving against SohuCom Stock

0.46	GIGM	Giga Media	Pair Corr
0.39	GMHS	Gamehaus Holdings Class	Pair Corr
0.33	MSGM	Motorsport Gaming	Pair Corr
0.31	RBLX	Roblox Corp	Pair Corr
0.44	TC	TuanChe ADR	Pair Corr
0.31	TRUG	Trugolf	Pair Corr
0.5	WBTN	WEBTOON Entertainment	Pair Corr

Related Correlations Analysis

	SCPL	SNAL	MYPS	PLTK	DDI	GDEV	BILI	EA	TTWO	ATVI
SCPL		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SCPL
SNAL	0.0		0.04	0.38	-0.11	-0.6	-0.47	-0.5	0.09	0.0	SNAL
MYPS	0.0	0.04		0.84	0.73	0.52	-0.3	0.44	-0.53	0.0	MYPS
PLTK	0.0	0.38	0.84		0.65	0.16	-0.42	0.18	-0.42	0.0	PLTK
DDI	0.0	-0.11	0.73	0.65		0.54	-0.16	0.71	-0.49	0.0	DDI
GDEV	0.0	-0.6	0.52	0.16	0.54		0.21	0.7	-0.27	0.0	GDEV
BILI	0.0	-0.47	-0.3	-0.42	-0.16	0.21		0.2	0.66	0.0	BILI
EA	0.0	-0.5	0.44	0.18	0.71	0.7	0.2		-0.35	0.0	EA
TTWO	0.0	0.09	-0.53	-0.42	-0.49	-0.27	0.66	-0.35		0.0	TTWO
ATVI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ATVI
	SCPL	SNAL	MYPS	PLTK	DDI	GDEV	BILI	EA	TTWO	ATVI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

PLTK	+ 0.84	MYPS
DDI	+ 0.73	MYPS
EA	+ 0.71	DDI
EA	+ 0.7	GDEV
TTWO	+ 0.66	BILI
DDI	+ 0.65	PLTK

High negative correlations

GDEV	- 0.6	SNAL
TTWO	- 0.53	MYPS
EA	- 0.5	SNAL
TTWO	- 0.49	DDI
BILI	- 0.47	SNAL
TTWO	- 0.42	PLTK

Risk-Adjusted Indicators

There is a big difference between SohuCom Stock performing well and SohuCom 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 SohuCom'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
SCPL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNAL	7.23	0.88	0.09	0.44	8.47	(7.74)	16.67	(13.53)	46.46
MYPS	2.91	(0.66)	0.00	(0.46)	0.00	0.00	5.65	(5.91)	20.72
PLTK	1.95	(0.80)	0.00	(1.32)	0.00	0.00	2.19	(4.78)	21.07
DDI	2.30	(0.24)	0.00	(0.65)	0.00	0.00	4.62	(5.68)	14.65
GDEV	3.66	(0.57)	0.00	0.31	0.00	0.00	5.56	(6.49)	65.73
BILI	3.33	0.06	0.03	0.04	4.21	(3.58)	6.36	(6.50)	20.98
EA	1.40	(0.19)	0.00	(42.17)	0.00	0.00	2.72	(2.58)	17.97
TTWO	1.38	0.19	0.15	0.42	1.51	(1.46)	3.00	(2.79)	17.26
ATVI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

SohuCom Corporate Management

Yi Zeng	Vice Marketing	Profile
Eric Yuan	Director Relations	Profile
Xiufeng Deng	VP Fin	Profile
Yanfeng Lv	Chief Officer	Profile
Chaoyang Zhang	Chairman Founder	Profile
Linda Bergkamp	Investor Professional	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC