Zepp Health Correlations

ZEPP Stock

USD 3.51 0.12 3.31%

The correlation of Zepp Health 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.

Zepp Health Correlation With Market

Good diversification

The correlation between Zepp Health Corp and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zepp Health Corp 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 Zepp Health Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving against Zepp Stock

0.41	MOVE	Movano Inc	Pair Corr
0.38	FIVN	Five9 Inc	Pair Corr
0.35	U	Unity Software Aggressive Push	Pair Corr
0.38	GBTG	Global Business Travel	Pair Corr
0.36	MDB	MongoDB	Pair Corr
0.32	CRM	Salesforce	Pair Corr

Related Correlations Analysis

	VOXX	LPL	VZIO	HEAR	MSN	UEIC	SONO	GPRO	SSNLF	SONY
VOXX		0.0	0.0	0.0	-0.31	-0.09	-0.2	-0.1	-0.42	0.32	VOXX
LPL	0.0		0.0	0.0	0.22	-0.22	-0.26	-0.32	0.18	0.51	LPL
VZIO	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	VZIO
HEAR	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HEAR
MSN	-0.31	0.22	0.0	0.0		0.15	0.08	0.05	0.46	-0.18	MSN
UEIC	-0.09	-0.22	0.0	0.0	0.15		0.87	0.92	-0.42	-0.76	UEIC
SONO	-0.2	-0.26	0.0	0.0	0.08	0.87		0.88	-0.29	-0.74	SONO
GPRO	-0.1	-0.32	0.0	0.0	0.05	0.92	0.88		-0.44	-0.82	GPRO
SSNLF	-0.42	0.18	0.0	0.0	0.46	-0.42	-0.29	-0.44		0.26	SSNLF
SONY	0.32	0.51	0.0	0.0	-0.18	-0.76	-0.74	-0.82	0.26		SONY
	VOXX	LPL	VZIO	HEAR	MSN	UEIC	SONO	GPRO	SSNLF	SONY

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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

GPRO	+ 0.92	UEIC
GPRO	+ 0.88	SONO
SONO	+ 0.87	UEIC
SONY	+ 0.51	LPL
SSNLF	+ 0.46	MSN
SONY	+ 0.32	VOXX

High negative correlations

SONY	- 0.82	GPRO
SONY	- 0.76	UEIC
SONY	- 0.74	SONO
SSNLF	- 0.44	GPRO
SSNLF	- 0.42	UEIC
SSNLF	- 0.42	VOXX

Risk-Adjusted Indicators

There is a big difference between Zepp Stock performing well and Zepp Health 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 Zepp Health'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
VOXX	0.40	(0.03)	0.00	(0.28)	0.00	0.00	0.55	(0.81)	10.49
LPL	1.57	0.07	0.04	0.02	2.14	(1.51)	2.75	(2.77)	10.87
VZIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HEAR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSN	2.69	0.23	0.05	0.32	3.12	(4.64)	6.38	(6.12)	33.84
UEIC	1.95	(0.71)	0.00	(0.59)	0.00	0.00	3.80	(4.51)	18.98
SONO	1.78	(0.22)	0.00	(0.25)	0.00	0.00	4.86	(4.13)	14.04
GPRO	2.90	(0.46)	0.00	(0.32)	0.00	0.00	8.99	(6.76)	29.04
SSNLF	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.62
SONY	1.43	0.24	0.13	0.18	1.63	(1.47)	3.22	(2.53)	10.94

Zepp Health Corporate Management

Xiaojun Zhang	VP Resources	Profile
Hui Wang	Vice President of Corporate Strategy and General Manager of Beijing Operations	Profile
Jimmy Lai	Independent Director	Profile
Hongjiang Zhang	Independent Director	Profile
De Liu	Director	Profile

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