Boqii Holding Correlations

BQ Stock

USD 7.80 0.45 5.45%

The current 90-days correlation between Boqii Holding Limited and E Home Household Service is 0.06 (i.e., Significant diversification). The correlation of Boqii Holding 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.

Boqii Holding Correlation With Market

Significant diversification

The correlation between Boqii Holding Limited and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boqii Holding Limited and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Boqii Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boqii Holding Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Boqii Stock

0.73	YJ	Yunji Inc	Pair Corr
0.81	IPX	IperionX Limited American	Pair Corr
0.61	BEP	Brookfield Renewable	Pair Corr
0.82	FMANF	Freeman Gold Corp Earnings Call Today	Pair Corr
0.91	TAKMF	Takamatsu Construction	Pair Corr

Moving against Boqii Stock

0.86	GLUC	Glucose Health	Pair Corr
0.63	QVCGB	QVC Group Symbol Change	Pair Corr
0.6	OLLI	Ollies Bargain Outlet	Pair Corr
0.54	GRPN	Groupon	Pair Corr
0.31	HEPS	D MARKET Electronic	Pair Corr
0.62	CBDW	1606 Corp	Pair Corr
0.36	MCD	McDonalds Sell-off Trend	Pair Corr

Related Correlations Analysis

	JWEL	JFBR	EJH	NAAS	ECDA	WBUY	FTEL	WNW	CJET	NVVE
JWEL		0.71	0.78	-0.52	0.75	0.59	0.66	-0.45	0.81	0.8	JWEL
JFBR	0.71		0.8	-0.69	0.84	0.55	0.76	-0.41	0.93	0.93	JFBR
EJH	0.78	0.8		-0.65	0.85	0.66	0.74	-0.3	0.82	0.86	EJH
NAAS	-0.52	-0.69	-0.65		-0.67	-0.26	-0.56	0.24	-0.71	-0.7	NAAS
ECDA	0.75	0.84	0.85	-0.67		0.76	0.86	-0.24	0.84	0.93	ECDA
WBUY	0.59	0.55	0.66	-0.26	0.76		0.78	-0.01	0.52	0.68	WBUY
FTEL	0.66	0.76	0.74	-0.56	0.86	0.78		-0.06	0.7	0.77	FTEL
WNW	-0.45	-0.41	-0.3	0.24	-0.24	-0.01	-0.06		-0.52	-0.43	WNW
CJET	0.81	0.93	0.82	-0.71	0.84	0.52	0.7	-0.52		0.94	CJET
NVVE	0.8	0.93	0.86	-0.7	0.93	0.68	0.77	-0.43	0.94		NVVE
	JWEL	JFBR	EJH	NAAS	ECDA	WBUY	FTEL	WNW	CJET	NVVE

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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

NVVE	+ 0.94	CJET
CJET	+ 0.93	JFBR
NVVE	+ 0.93	JFBR
NVVE	+ 0.93	ECDA
NVVE	+ 0.86	EJH
FTEL	+ 0.86	ECDA

High negative correlations

CJET	- 0.71	NAAS
NVVE	- 0.7	NAAS
NAAS	- 0.69	JFBR
ECDA	- 0.67	NAAS
NAAS	- 0.65	EJH
FTEL	- 0.56	NAAS

Risk-Adjusted Indicators

There is a big difference between Boqii Stock performing well and Boqii Holding 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 Boqii Holding'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
JWEL	3.69	(0.17)	0.00	(0.04)	0.00	0.00	7.10	(8.16)	21.42
JFBR	4.19	(0.80)	0.00	(0.35)	0.00	0.00	11.19	(8.72)	28.61
EJH	3.37	(1.03)	0.00	1.47	0.00	0.00	4.14	(7.96)	39.84
NAAS	5.39	0.47	0.08	0.30	6.68	(5.45)	9.16	(13.18)	30.85
ECDA	6.33	(2.13)	0.00	(0.60)	0.00	0.00	10.20	(14.78)	43.37
WBUY	3.45	(1.60)	0.00	(0.47)	0.00	0.00	5.48	(7.41)	39.18
FTEL	6.38	(0.96)	0.00	0.50	0.00	0.00	12.73	(13.53)	60.13
WNW	3.52	0.05	0.02	0.10	4.89	(4.20)	6.95	(5.62)	63.20
CJET	11.75	(2.32)	0.00	(1.19)	0.00	0.00	13.25	(28.00)	224.48
NVVE	6.02	(1.86)	0.00	(0.79)	0.00	0.00	15.09	(14.52)	44.46

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