YY Correlations

YY Stock

USD 46.88 0.81 1.70%

The current 90-days correlation between YY Inc Class and Weibo Corp is 0.39 (i.e., Weak diversification). The correlation of YY 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.

YY Correlation With Market

Modest diversification

The correlation between YY Inc Class and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YY Inc Class 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 YY Inc Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with YY Stock

0.75	BZ	Kanzhun Ltd ADR	Pair Corr
0.74	WB	Weibo Corp	Pair Corr
0.8	ZH	Zhihu Inc ADR Earnings Call This Week	Pair Corr
0.79	EVER	EverQuote Class A	Pair Corr
0.74	TME	Tencent Music Entert	Pair Corr
0.83	JFIN	Jiayin Group Trending	Pair Corr

Moving against YY Stock

0.82	DJT	Trump Media Technology Symbol Change	Pair Corr
0.77	WBTN	WEBTOON Entertainment	Pair Corr
0.76	SLE	Super League Enterprise Earnings Call This Week	Pair Corr
0.71	MNY	MoneyHero Limited Class	Pair Corr
0.7	DJTWW	Trump Media Technology Symbol Change	Pair Corr
0.61	OB	Outbrain	Pair Corr
0.37	MAX	MediaAlpha	Pair Corr
0.86	GITS	Global Interactive Symbol Change	Pair Corr
0.7	BZFDW	BuzzFeed	Pair Corr
0.66	NAMI	Jinxin Technology Holding	Pair Corr
0.64	YELP	Yelp Inc	Pair Corr
0.62	GOOG	Alphabet Class C	Pair Corr
0.61	NRDS	Nerdwallet Potential Growth	Pair Corr
0.45	MNYWW	MoneyHero Limited	Pair Corr
0.41	GETY	Getty Images Holdings	Pair Corr
0.31	LCFY	Locafy Upward Rally	Pair Corr

Related Correlations Analysis

	WB	DOYU	TME	ATHM	MOMO	BIDU	YELP	PROSY	BAIDF	AREN
WB		-0.13	0.87	0.74	0.66	0.84	-0.44	0.77	-0.03	0.5	WB
DOYU	-0.13		-0.27	-0.16	-0.01	-0.07	0.78	-0.58	-0.07	-0.32	DOYU
TME	0.87	-0.27		0.77	0.6	0.8	-0.57	0.81	0.04	0.42	TME
ATHM	0.74	-0.16	0.77		0.33	0.69	-0.58	0.62	-0.11	0.18	ATHM
MOMO	0.66	-0.01	0.6	0.33		0.43	-0.14	0.52	0.1	0.35	MOMO
BIDU	0.84	-0.07	0.8	0.69	0.43		-0.31	0.66	0.06	0.46	BIDU
YELP	-0.44	0.78	-0.57	-0.58	-0.14	-0.31		-0.72	0.01	-0.28	YELP
PROSY	0.77	-0.58	0.81	0.62	0.52	0.66	-0.72		0.18	0.54	PROSY
BAIDF	-0.03	-0.07	0.04	-0.11	0.1	0.06	0.01	0.18		0.14	BAIDF
AREN	0.5	-0.32	0.42	0.18	0.35	0.46	-0.28	0.54	0.14		AREN
	WB	DOYU	TME	ATHM	MOMO	BIDU	YELP	PROSY	BAIDF	AREN

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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

TME	+ 0.87	WB
BIDU	+ 0.84	WB
PROSY	+ 0.81	TME
BIDU	+ 0.8	TME
YELP	+ 0.78	DOYU
PROSY	+ 0.77	WB

High negative correlations

PROSY	- 0.72	YELP
YELP	- 0.58	ATHM
PROSY	- 0.58	DOYU
YELP	- 0.57	TME
YELP	- 0.44	WB
AREN	- 0.32	DOYU

Risk-Adjusted Indicators

There is a big difference between YY Stock performing well and YY 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 YY'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
WB	2.18	0.11	0.07	2.37	2.61	(2.16)	4.82	(4.94)	11.06
DOYU	3.85	0.27	0.00	(0.01)	0.00	0.00	9.82	(5.45)	82.92
TME	2.60	0.32	0.14	(1.21)	2.81	(3.01)	6.56	(5.13)	21.82
ATHM	1.52	0.28	0.15	0.34	1.79	(1.57)	3.57	(3.41)	8.70
MOMO	2.07	(0.07)	0.00	(0.55)	0.00	0.00	4.40	(4.15)	14.12
BIDU	2.31	0.30	0.11	0.43	2.65	(2.30)	5.43	(4.58)	13.40
YELP	1.37	(0.13)	0.00	(0.25)	0.00	0.00	2.93	(3.56)	11.91
PROSY	1.73	0.20	0.11	0.99	2.32	(1.86)	4.12	(3.32)	13.97
BAIDF	5.45	0.50	0.05	0.39	7.34	(5.69)	10.89	(12.35)	36.58
AREN	4.43	(0.04)	0.00	1.99	0.00	0.00	10.77	(8.07)	23.55

YY Corporate Management

Rongjie Dong	Executive VP	Profile
Tingzhen Xie	Investor Manager	Profile
Fuyong Liu	Vice Finance	Profile
Zhou Chen	Strategic Advisor	Profile

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