Senmiao Technology Correlations

AIHS Stock

USD 0.31 0.01 3.13%

The current 90-days correlation between Senmiao Technology and Mastercard is 0.37 (i.e., Weak diversification). The correlation of Senmiao Technology 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.

Senmiao Technology Correlation With Market

Average diversification

The correlation between Senmiao Technology and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Senmiao Technology and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Senmiao Technology. 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 information on how to buy Senmiao Stock please use our How to Invest in Senmiao Technology guide.

Moving against Senmiao Stock

0.77	CSWC	Capital Southwest	Pair Corr
0.73	GS	Goldman Sachs Group	Pair Corr
0.72	SCM	Stellus Capital Inve	Pair Corr
0.72	MAIN	Main Street Capital	Pair Corr
0.69	ALLY	Ally Financial	Pair Corr
0.68	C	Citigroup Aggressive Push	Pair Corr
0.66	HTGC	Hercules Capital	Pair Corr
0.65	AX	Axos Financial	Pair Corr
0.64	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.62	TSLX	Sixth Street Specialty	Pair Corr
0.62	L	Loews Corp	Pair Corr
0.58	GLAD	Gladstone Capital	Pair Corr
0.57	PFLT	PennantPark Floating Rate	Pair Corr
0.57	ARCC	Ares Capital	Pair Corr
0.57	DHIL	Diamond Hill Investment	Pair Corr
0.56	AXP	American Express	Pair Corr
0.54	TPVG	Triplepoint Venture	Pair Corr
0.4	GAIN	Gladstone Investment	Pair Corr
0.36	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.33	OPFI	OppFi Inc	Pair Corr
0.74	LC	LendingClub Corp	Pair Corr
0.67	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.67	IX	Orix Corp Ads	Pair Corr
0.66	RF	Regions Financial Buyout Trend	Pair Corr
0.64	CM	Canadian Imperial Bank	Pair Corr
0.63	MC	Moelis Earnings Call This Week	Pair Corr
0.62	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.61	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.59	BN	Brookfield Corp	Pair Corr
0.58	BX	Blackstone Group Normal Trading	Pair Corr
0.55	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.52	QD	Qudian Inc	Pair Corr
0.51	BK	Bank of New York	Pair Corr

Related Correlations Analysis

	MA	V	COF	PYPL	ALLY	GS	CAT
MA		0.97	0.44	0.74	0.37	0.36	0.42	MA
V	0.97		0.46	0.77	0.44	0.42	0.47	V
COF	0.44	0.46		0.89	0.97	0.97	0.97	COF
PYPL	0.74	0.77	0.89		0.86	0.86	0.88	PYPL
ALLY	0.37	0.44	0.97	0.86		0.98	0.97	ALLY
GS	0.36	0.42	0.97	0.86	0.98		0.98	GS
CAT	0.42	0.47	0.97	0.88	0.97	0.98		CAT
	MA	V	COF	PYPL	ALLY	GS	CAT

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Risk-Adjusted Indicators

There is a big difference between Senmiao Stock performing well and Senmiao 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 Senmiao 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
MA	0.98	(0.01)	(0.01)	0.12	1.60	(0.93)	2.11	(1.99)	8.93
V	0.96	(0.07)	(0.04)	0.06	1.72	(0.86)	1.64	(2.33)	8.52
COF	1.34	0.28	0.21	0.33	1.16	(1.52)	3.77	(2.13)	11.09
PYPL	1.34	0.11	0.07	0.22	1.70	(1.43)	2.80	(2.84)	9.43
ALLY	1.42	0.13	0.11	0.21	1.55	(1.56)	3.53	(2.37)	10.02
GS	1.16	0.38	0.33	0.47	0.67	(1.42)	2.87	(1.82)	6.43
CAT	1.13	0.36	0.36	0.45	0.56	(1.45)	2.92	(1.57)	7.20

Senmiao Technology Corporate Management

Xi Wen	CEO, Chairman	Profile
Chunhai Li	Chief Officer	Profile
Xiaoyuan Zhang	CFO Treasurer	Profile
Haitao Liu	Chief Officer	Profile
Xuedong CFA	Weitian Relations	Profile

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