Cheche Group Correlations

CCG Stock

1.00 0.15 13.04%

The current 90-days correlation between Cheche Group Class and eHealth is -0.01 (i.e., Good diversification). The correlation of Cheche Group 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.

Cheche Group Correlation With Market

Significant diversification

The correlation between Cheche Group Class and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cheche Group Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cheche Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cheche Group 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 population.

Moving together with Cheche Stock

0.79	HIPO	Hippo Holdings	Pair Corr
0.61	ZBAO	Zhibao Technology Class	Pair Corr
0.83	DENN	Dennys Corp	Pair Corr
0.72	ORCL	Oracle Aggressive Push	Pair Corr
0.8	WYNN	Wynn Resorts Limited	Pair Corr
0.61	CINF	Cincinnati Financial	Pair Corr
0.89	GS	Goldman Sachs Group Earnings Call Tomorrow	Pair Corr
0.76	AGXPF	Silver X Mining	Pair Corr
0.66	RBLX	Roblox Corp	Pair Corr
0.73	FCFS	FirstCash	Pair Corr
0.73	ASR	Grupo Aeroportuario del	Pair Corr

Moving against Cheche Stock

0.65	MMC	Marsh McLennan Companies Earnings Call This Week	Pair Corr
0.62	RYAN	Ryan Specialty Group	Pair Corr
0.61	GSHD	Goosehead Insurance	Pair Corr
0.6	BWIN	Baldwin Insurance	Pair Corr
0.44	BRO	Brown Brown	Pair Corr
0.43	POLICYBZR	PB Fintech Limited	Pair Corr
0.8	ATNFW	ATNFW Old Symbol Change	Pair Corr
0.52	SIGL	Signal Advance	Pair Corr
0.31	GLUC	Glucose Health	Pair Corr

Related Correlations Analysis

	EHTH	AJG	AON	BRO	HIT	MMC	GSHD	SDF	HIPO
EHTH		0.5	0.02	-0.03	0.29	-0.06	-0.62	0.11	0.47	EHTH
AJG	0.5		-0.06	0.66	0.01	0.43	-0.05	-0.12	0.12	AJG
AON	0.02	-0.06		-0.03	0.34	0.39	-0.09	0.51	0.15	AON
BRO	-0.03	0.66	-0.03		-0.52	0.79	0.59	-0.4	-0.5	BRO
HIT	0.29	0.01	0.34	-0.52		-0.29	-0.61	0.7	0.8	HIT
MMC	-0.06	0.43	0.39	0.79	-0.29		0.48	-0.1	-0.46	MMC
GSHD	-0.62	-0.05	-0.09	0.59	-0.61	0.48		-0.3	-0.67	GSHD
SDF	0.11	-0.12	0.51	-0.4	0.7	-0.1	-0.3		0.67	SDF
HIPO	0.47	0.12	0.15	-0.5	0.8	-0.46	-0.67	0.67		HIPO
	EHTH	AJG	AON	BRO	HIT	MMC	GSHD	SDF	HIPO

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

HIPO	+ 0.8	HIT
MMC	+ 0.79	BRO
SDF	+ 0.7	HIT
HIPO	+ 0.67	SDF
BRO	+ 0.66	AJG
GSHD	+ 0.59	BRO

High negative correlations

HIPO	- 0.67	GSHD
GSHD	- 0.62	EHTH
GSHD	- 0.61	HIT
HIT	- 0.52	BRO
HIPO	- 0.5	BRO
HIPO	- 0.46	MMC

Risk-Adjusted Indicators

There is a big difference between Cheche Stock performing well and Cheche Group 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 Cheche Group'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
EHTH	4.00	0.51	0.08	2.17	5.12	(4.38)	7.69	(6.25)	68.25
AJG	0.90	(0.03)	0.00	0.31	0.00	0.00	1.53	(1.78)	8.69
AON	0.81	0.04	0.01	(0.11)	1.14	(0.83)	1.96	(1.46)	8.67
BRO	0.93	(0.15)	0.00	1.02	0.00	0.00	1.42	(1.68)	11.14
HIT	6.43	2.00	0.36	0.89	4.47	(8.01)	23.31	(9.18)	37.23
MMC	0.66	(0.02)	0.00	0.10	0.00	0.00	1.58	(1.63)	4.79
GSHD	1.99	(0.46)	0.00	0.36	0.00	0.00	3.42	(4.65)	19.01
SDF	0.95	0.08	0.05	(0.39)	1.03	(1.10)	2.11	(1.77)	5.06
HIPO	2.05	0.34	0.15	0.18	2.05	(2.24)	5.47	(3.71)	19.42

Cheche Group Corporate Management

Cheng Zhong	CoChief Officer	Profile
Wenting Ji	Chief Officer	Profile
Yanjun Liu	Chief Officer	Profile
Jianxiang Zhou	Chief Officer	Profile
Weiqing Xiang	Financial Controller	Profile
Ting Lin	Chief Officer	Profile

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