Xunlei Correlations

XNET Stock

USD 5.10 0.03 0.59%

The current 90-days correlation between Xunlei Ltd Adr and Travelzoo is 0.36 (i.e., Weak diversification). The correlation of Xunlei 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.

Xunlei Correlation With Market

Significant diversification

The correlation between Xunlei Ltd Adr and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xunlei Ltd Adr 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 Xunlei Ltd Adr. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Xunlei Stock

0.62	JG	Aurora Mobile	Pair Corr
0.65	MQ	Marqeta	Pair Corr
0.88	VRSN	VeriSign	Pair Corr
0.68	EVTC	Evertec	Pair Corr
0.7	DOX	Amdocs Sell-off Trend	Pair Corr
0.7	HCP	Hashicorp	Pair Corr

Moving against Xunlei Stock

0.86	FLYW	Flywire Corp	Pair Corr
0.81	VRNS	Varonis Systems	Pair Corr
0.8	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.8	FIVN	Five9 Inc	Pair Corr
0.7	S	SentinelOne	Pair Corr
0.66	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.66	EVCM	EverCommerce	Pair Corr
0.65	FMTO	Femto Technologies Symbol Change	Pair Corr
0.64	VRAR	Glimpse Group Tech Boost	Pair Corr
0.64	DBX	Dropbox	Pair Corr
0.56	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.54	FOUR	Shift4 Payments	Pair Corr
0.45	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.91	RPD	Rapid7 Inc	Pair Corr
0.91	SOS	SOS Limited	Pair Corr
0.88	XYZ	Block, Inc Symbol Change	Pair Corr
0.87	TDC	Teradata Corp	Pair Corr
0.82	WIX	WixCom	Pair Corr
0.74	TLS	Telos Corp	Pair Corr
0.73	GDDY	Godaddy	Pair Corr
0.73	WEX	Wex Inc	Pair Corr
0.72	GCT	GigaCloud Technology	Pair Corr
0.54	DLO	Dlocal Tech Boost	Pair Corr
0.52	MDB	MongoDB	Pair Corr
0.31	YEXT	Yext Inc	Pair Corr

Related Correlations Analysis

	TZOO	CYPXF	EEX	ZD	DRCT	GSMGW	IFUS	MOBQ	BAOS
TZOO		0.0	0.75	0.88	0.3	0.34	-0.85	0.0	0.44	TZOO
CYPXF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CYPXF
EEX	0.75	0.0		0.9	0.41	0.24	-0.83	0.0	0.32	EEX
ZD	0.88	0.0	0.9		0.33	0.25	-0.88	0.0	0.31	ZD
DRCT	0.3	0.0	0.41	0.33		0.06	-0.31	0.0	0.43	DRCT
GSMGW	0.34	0.0	0.24	0.25	0.06		-0.35	0.0	0.25	GSMGW
IFUS	-0.85	0.0	-0.83	-0.88	-0.31	-0.35		0.0	-0.34	IFUS
MOBQ	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	MOBQ
BAOS	0.44	0.0	0.32	0.31	0.43	0.25	-0.34	0.0		BAOS
	TZOO	CYPXF	EEX	ZD	DRCT	GSMGW	IFUS	MOBQ	BAOS

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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

ZD	+ 0.9	EEX
ZD	+ 0.88	TZOO
EEX	+ 0.75	TZOO
BAOS	+ 0.44	TZOO
BAOS	+ 0.43	DRCT
DRCT	+ 0.41	EEX

High negative correlations

IFUS	- 0.88	ZD
IFUS	- 0.85	TZOO
IFUS	- 0.83	EEX
IFUS	- 0.35	GSMGW
BAOS	- 0.34	IFUS
IFUS	- 0.31	DRCT

Risk-Adjusted Indicators

There is a big difference between Xunlei Stock performing well and Xunlei 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 Xunlei'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
TZOO	3.73	(0.33)	0.00	(0.31)	0.00	0.00	6.69	(8.25)	25.28
CYPXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EEX	1.40	(0.15)	0.00	(1.65)	0.00	0.00	2.02	(3.12)	12.52
ZD	1.83	(0.41)	0.00	(0.41)	0.00	0.00	2.75	(3.91)	12.25
DRCT	27.77	11.82	1.03	0.64	7.66	(52.40)	7.87	(16.28)	932.55
GSMGW	35.80	11.78	0.29	0.35	22.30	(77.37)	100.00	(42.86)	142.86
IFUS	5.72	1.69	0.21	0.67	6.07	(6.61)	13.50	(10.21)	64.80
MOBQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BAOS	13.16	3.81	0.33	2.17	9.31	(17.81)	19.03	(17.30)	348.15

Xunlei Corporate Management

Luhan Tang	Investor Manager	Profile
CFA Naijiang	Chief Officer	Profile
Jinbo Li	Chairman CEO	Profile
Sean Zou	CoFounder Director	Profile
Peng Huang	Strategy Consultant	Profile
Charlene Lu	Investor Manager	Profile

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