Zhibao Technology Correlations

ZBAO Stock

1.38 0.11 8.66%

The current 90-days correlation between Zhibao Technology Class and MagnaChip Semiconductor is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zhibao Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zhibao Technology Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Zhibao Technology Correlation With Market

Significant diversification

The correlation between Zhibao Technology Class and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhibao Technology 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 Zhibao Technology 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 nation.

Moving together with Zhibao Stock

0.79	AIFU	Fanhua Inc Symbol Change	Pair Corr
0.66	DHIL	Diamond Hill Investment	Pair Corr
0.69	AX	Axos Financial	Pair Corr
0.61	BX	Blackstone Group	Pair Corr
0.7	CM	Canadian Imperial Bank	Pair Corr

Moving against Zhibao Stock

0.71	BRO	Brown Brown	Pair Corr
0.7	AJG	Arthur J Gallagher Sell-off Trend	Pair Corr
0.7	MMC	Marsh McLennan Companies	Pair Corr
0.68	AON	Aon PLC	Pair Corr
0.61	WTW	Willis Towers Watson	Pair Corr
0.57	GSHD	Goosehead Insurance Normal Trading	Pair Corr
0.54	V	Visa Class A	Pair Corr
0.54	BK	Bank of New York	Pair Corr
0.42	TWFG	TWFG, Class A	Pair Corr
0.4	SLQT	Selectquote	Pair Corr
0.4	AB	AllianceBernstein	Pair Corr
0.38	GOCO	GoHealth	Pair Corr
0.38	L	Loews Corp	Pair Corr
0.83	GL	Globe Life	Pair Corr
0.78	TD	Toronto Dominion Bank	Pair Corr
0.75	DB	Deutsche Bank AG	Pair Corr
0.74	LX	Lexinfintech Holdings	Pair Corr
0.67	PT	Pintec Technology	Pair Corr
0.61	LU	Lufax Holding	Pair Corr
0.48	HG	Hamilton Insurance Group,	Pair Corr
0.36	CB	Chubb Sell-off Trend	Pair Corr

Related Correlations Analysis

	ALTR	MX	STM	CRUS	ARM	LASR	VSH	FNNNF
ALTR		0.4	0.06	0.24	-0.11	-0.39	0.15	0.63	ALTR
MX	0.4		0.13	0.75	0.43	0.1	0.59	0.04	MX
STM	0.06	0.13		0.34	-0.26	-0.12	0.47	0.19	STM
CRUS	0.24	0.75	0.34		0.31	0.02	0.82	0.05	CRUS
ARM	-0.11	0.43	-0.26	0.31		0.81	0.14	-0.65	ARM
LASR	-0.39	0.1	-0.12	0.02	0.81		-0.11	-0.85	LASR
VSH	0.15	0.59	0.47	0.82	0.14	-0.11		0.18	VSH
FNNNF	0.63	0.04	0.19	0.05	-0.65	-0.85	0.18		FNNNF
	ALTR	MX	STM	CRUS	ARM	LASR	VSH	FNNNF

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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

VSH	+ 0.82	CRUS
LASR	+ 0.81	ARM
CRUS	+ 0.75	MX
FNNNF	+ 0.63	ALTR
VSH	+ 0.59	MX
VSH	+ 0.47	STM

High negative correlations

FNNNF	- 0.85	LASR
FNNNF	- 0.65	ARM
LASR	- 0.39	ALTR
ARM	- 0.26	STM
LASR	- 0.12	STM
VSH	- 0.11	LASR

Risk-Adjusted Indicators

There is a big difference between Zhibao Stock performing well and Zhibao Technology 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 Zhibao Technology'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
ALTR	0.19	0.06	0.38	0.86	0.00	(0.23)	0.31	(0.19)	2.17
MX	2.36	0.04	0.02	0.02	2.51	(2.91)	5.93	(4.45)	18.86
STM	2.23	(0.01)	0.00	(0.05)	0.00	0.00	6.61	(4.28)	16.31
CRUS	1.69	0.01	0.00	(0.03)	0.00	0.00	2.80	(3.83)	14.61
ARM	3.36	(0.07)	0.00	(0.07)	0.00	0.00	6.47	(7.30)	26.12
LASR	2.66	(0.29)	0.00	(0.27)	0.00	0.00	5.67	(7.08)	16.59
VSH	1.85	0.03	0.01	(0.01)	2.30	(1.98)	2.83	(3.63)	16.46
FNNNF	1.57	0.73	0.00	(1.27)	0.00	0.00	6.38	0.00	20.75

Zhibao Technology Corporate Executives

Elected by the shareholders, the Zhibao Technology's board of directors comprises two types of representatives: Zhibao Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zhibao. The board's role is to monitor Zhibao Technology's management team and ensure that shareholders' interests are well served. Zhibao Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Zhibao Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.

Xiao Luo

CoFounder Officer

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