XChange TECINC Correlations

XHG Stock

0.83 0.02 2.35%

The correlation of XChange TECINC 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.

XChange TECINC Correlation With Market

Significant diversification

The correlation between XChange TECINC and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XChange TECINC and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XChange TECINC. 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 detail on how to invest in XChange Stock please use our How to Invest in XChange TECINC guide.

Moving together with XChange Stock

0.63	KW	Kennedy Wilson Holdings	Pair Corr
0.61	IRS	IRSA Inversiones Y	Pair Corr
0.61	RMR	RMR Group Earnings Call This Week	Pair Corr
0.64	OPAD	Offerpad Solutions	Pair Corr
0.63	OPEN	Opendoor Technologies	Pair Corr

Moving against XChange Stock

0.49	NYC	New York City	Pair Corr
0.7	MAYS	J W Mays Potential Growth	Pair Corr
0.4	ASPS	Altisource Portfolio	Pair Corr

Related Correlations Analysis

	CPA	FMX	WEYS	GIL	IPAR	SCSC	KTB	ARW
CPA		0.69	-0.46	0.51	0.08	-0.68	-0.47	-0.45	CPA
FMX	0.69		-0.76	0.06	-0.34	-0.75	-0.84	-0.68	FMX
WEYS	-0.46	-0.76		0.23	0.47	0.49	0.82	0.58	WEYS
GIL	0.51	0.06	0.23		0.72	-0.38	0.09	-0.02	GIL
IPAR	0.08	-0.34	0.47	0.72		0.17	0.44	0.45	IPAR
SCSC	-0.68	-0.75	0.49	-0.38	0.17		0.69	0.86	SCSC
KTB	-0.47	-0.84	0.82	0.09	0.44	0.69		0.79	KTB
ARW	-0.45	-0.68	0.58	-0.02	0.45	0.86	0.79		ARW
	CPA	FMX	WEYS	GIL	IPAR	SCSC	KTB	ARW

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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

ARW	+ 0.86	SCSC
KTB	+ 0.82	WEYS
ARW	+ 0.79	KTB
IPAR	+ 0.72	GIL
FMX	+ 0.69	CPA
KTB	+ 0.69	SCSC

High negative correlations

KTB	- 0.84	FMX
WEYS	- 0.76	FMX
SCSC	- 0.75	FMX
ARW	- 0.68	FMX
SCSC	- 0.68	CPA
KTB	- 0.47	CPA

Risk-Adjusted Indicators

There is a big difference between XChange Stock performing well and XChange TECINC 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 XChange TECINC'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
CPA	1.44	0.15	0.10	0.15	1.63	(1.50)	3.84	(2.68)	7.43
FMX	1.27	0.20	0.17	0.79	1.33	(1.41)	2.99	(2.25)	7.97
WEYS	1.59	(0.09)	0.00	(0.19)	0.00	0.00	3.32	(2.99)	9.79
GIL	1.09	(0.01)	0.00	(0.09)	0.00	0.00	2.54	(2.56)	8.64
IPAR	1.57	(0.07)	0.00	(0.13)	0.00	0.00	2.91	(3.28)	9.65
SCSC	1.43	(0.47)	0.00	(0.79)	0.00	0.00	2.41	(3.66)	18.40
KTB	1.88	(0.40)	0.00	(0.49)	0.00	0.00	3.75	(3.96)	17.80
ARW	1.12	(0.13)	0.00	(0.23)	0.00	0.00	1.76	(2.53)	6.75

XChange TECINC Corporate Management

Jiamin Chen	VP Department	Profile
Yong Ma	Head Business	Profile
Zhichen Sun	Chief Officer	Profile
Gang Xie	Chief Officer	Profile
Zongquan Yang	Senior Management	Profile

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