U Power Correlations
| UCAR Stock | 2.82 0.27 10.59% |
The current 90-days correlation between U Power Limited and Kaixin Auto Holdings is 0.12 (i.e., Average diversification). The correlation of U Power 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.
U Power Correlation With Market
Average diversification
The correlation between U Power Limited and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding U Power Limited and DJI in the same portfolio, assuming nothing else is changed.
UCAR |
Moving together with UCAR Stock
| 0.77 | DBI | Designer Brands | PairCorr |
| 0.71 | PLCE | Childrens Place | PairCorr |
| 0.65 | CMG | Chipotle Mexican Grill | PairCorr |
| 0.68 | CRI | Carters | PairCorr |
| 0.74 | DHI | DR Horton | PairCorr |
| 0.83 | NVR | NVR Inc | PairCorr |
| 0.8 | WHR | Whirlpool | PairCorr |
| 0.73 | WWW | Wolverine World Wide | PairCorr |
| 0.89 | GOLF | Acushnet Holdings Corp | PairCorr |
| 0.84 | JOUT | Johnson Outdoors | PairCorr |
| 0.66 | PLAY | Dave Busters Enterta | PairCorr |
Moving against UCAR Stock
| 0.84 | PDD | PDD Holdings Aggressive Push | PairCorr |
| 0.8 | JD | JD Inc Adr | PairCorr |
| 0.8 | AZO | AutoZone | PairCorr |
| 0.68 | BZUN | Baozun Inc | PairCorr |
| 0.61 | HAS | Hasbro Inc | PairCorr |
| 0.79 | LTH | Life Time Group | PairCorr |
| 0.76 | MAT | Mattel Inc | PairCorr |
| 0.71 | MCD | McDonalds | PairCorr |
| 0.31 | NKE | Nike Inc Downward Rally | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between UCAR Stock performing well and U Power 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 U Power'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KXIN | 3.70 | (0.74) | 0.00 | 0.87 | 0.00 | 6.08 | 66.69 | |||
| CZOO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UXIN | 3.80 | 0.06 | 0.02 | 0.02 | 5.04 | 6.61 | 22.49 | |||
| SDA | 3.46 | (0.73) | 0.00 | (1.01) | 0.00 | 5.49 | 47.88 | |||
| CVNA | 3.38 | (0.46) | 0.00 | 0.90 | 0.00 | 6.60 | 23.11 | |||
| SFT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KMX | 1.42 | (0.19) | 0.00 | (0.21) | 0.00 | 3.17 | 9.29 | |||
| VRM | 12.92 | 5.58 | 1.09 | (0.81) | 2.58 | 4.42 | 437.18 | |||
| CWH | 2.20 | (0.32) | 0.00 | (0.30) | 0.00 | 4.07 | 15.01 |