Zhong Yang Correlations

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USD 1.27 0.02 1.60%

The current 90-days correlation between Zhong Yang Financial and Netcapital is 0.28 (i.e., Modest diversification). The correlation of Zhong Yang 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.

Zhong Yang Correlation With Market

Good diversification

The correlation between Zhong Yang Financial and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhong Yang Financial 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 Zhong Yang Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Zhong Stock

0.64	BN	Brookfield Corp	Pair Corr
0.68	BX	Blackstone Group	Pair Corr
0.74	CG	Carlyle Group	Pair Corr
0.66	LC	LendingClub Corp	Pair Corr
0.72	MC	Moelis	Pair Corr
0.67	PX	P10 Inc	Pair Corr
0.61	RM	Regional Management Corp	Pair Corr
0.7	SF	Stifel Financial	Pair Corr
0.7	ECPG	Encore Capital Group	Pair Corr
0.64	AMP	Ameriprise Financial	Pair Corr
0.71	AXP	American Express	Pair Corr

Moving against Zhong Stock

0.62	DB	Deutsche Bank AG	Pair Corr
0.61	LU	Lufax Holding	Pair Corr
0.54	LX	Lexinfintech Holdings	Pair Corr
0.33	V	Visa Class A	Pair Corr
0.6	WU	Western Union	Pair Corr
0.6	XP	Xp Inc	Pair Corr
0.53	ARI	Apollo Commercial Real	Pair Corr
0.43	WSBF	Waterstone Financial	Pair Corr
0.41	TW	Tradeweb Markets	Pair Corr
0.37	DOMH	Dominari Holdings Earnings Call This Week	Pair Corr
0.62	PFX	Phenixfin	Pair Corr
0.39	BLX	Foreign Trade Bank	Pair Corr

Related Correlations Analysis

	NCPL	SAI	GHL	TCJH	APLD	MEGL	LAZ	MARA	RIOT
NCPL		0.0	0.0	0.0	0.46	0.09	0.61	0.14	0.3	NCPL
SAI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SAI
GHL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GHL
TCJH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TCJH
APLD	0.46	0.0	0.0	0.0		0.41	0.42	0.47	0.64	APLD
MEGL	0.09	0.0	0.0	0.0	0.41		0.34	0.68	0.72	MEGL
LAZ	0.61	0.0	0.0	0.0	0.42	0.34		0.63	0.7	LAZ
MARA	0.14	0.0	0.0	0.0	0.47	0.68	0.63		0.89	MARA
RIOT	0.3	0.0	0.0	0.0	0.64	0.72	0.7	0.89		RIOT
	NCPL	SAI	GHL	TCJH	APLD	MEGL	LAZ	MARA	RIOT

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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

RIOT	+ 0.89	MARA
RIOT	+ 0.72	MEGL
RIOT	+ 0.7	LAZ
MARA	+ 0.68	MEGL
RIOT	+ 0.64	APLD
MARA	+ 0.63	LAZ

High negative correlations

RIOT	- 0.0	TCJH
MARA	- 0.0	TCJH
LAZ	- 0.0	TCJH
MEGL	- 0.0	TCJH
APLD	- 0.0	TCJH
RIOT	- 0.0	GHL

Risk-Adjusted Indicators

There is a big difference between Zhong Stock performing well and Zhong Yang 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 Zhong Yang'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
NCPL	3.11	(0.28)	0.00	0.33	0.00	0.00	6.45	(6.11)	19.61
SAI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GHL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TCJH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APLD	5.79	0.12	0.02	1.81	8.69	(5.47)	11.13	(14.00)	44.47
MEGL	4.76	(0.16)	0.00	0.66	0.00	0.00	8.70	(9.30)	78.68
LAZ	1.96	(0.16)	0.00	(0.64)	0.00	0.00	4.04	(4.56)	14.41
MARA	3.69	(0.63)	0.00	1.73	0.00	0.00	8.23	(8.09)	30.41
RIOT	4.03	(0.39)	0.00	0.87	0.00	0.00	8.06	(8.56)	33.41

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