Chagee Holdings Correlations

Stocks . USA . 
Stock . Chagee Holdings Limited
CHA Stock  USD 24.55  1.62  6.19%   
The current 90-days correlation between Chagee Holdings and Regeneron Pharmaceuticals is 0.16 (i.e., Average diversification). The correlation of Chagee Holdings 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.

Chagee Holdings Correlation With Market

Significant diversification

The correlation between Chagee Holdings Limited and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chagee Holdings Limited and DJI in the same portfolio, assuming nothing else is changed.
  
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Moving against Chagee Stock

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Related Correlations Analysis

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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   
APAM
+ 0.68
ZH
APAM
+ 0.66
ABOS
ABOS
+ 0.65
ZH
ZH
+ 0.53
GMOYF
APAM
+ 0.5
GMOYF
ABOS
+ 0.19
GMOYF
  
High negative correlations   
WM
- 0.41
ZH
WM
- 0.32
REGN
WM
- 0.28
ABOS
APAM
- 0.25
REGN
ABOS
- 0.25
REGN
WM
- 0.24
APAM

Risk-Adjusted Indicators

There is a big difference between Chagee Stock performing well and Chagee Holdings 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 Chagee Holdings' 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.

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