ZW Data Correlations

CNET Stock

USD 1.26 0.02 1.56%

The current 90-days correlation between ZW Data Action and Baosheng Media Group is 0.1 (i.e., Average diversification). The correlation of ZW Data 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.

ZW Data Correlation With Market

Average diversification

The correlation between ZW Data Action and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZW Data Action and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CNET Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ZW Data Action. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in consumer price index.

Moving together with CNET Stock

0.84	NEXN	Nexxen International	Pair Corr
0.85	SBDS	Silver Bullet Data	Pair Corr
0.64	TNMG	TNL Mediagene Ordinary	Pair Corr
0.65	OML	OohMedia	Pair Corr
0.93	TRNR	Interactive Strength	Pair Corr

Moving against CNET Stock

0.46	PERI	Perion Network	Pair Corr
0.82	BVFL	BV Financial, Common	Pair Corr
0.71	MCHB	Mechanics Bank Symbol Change	Pair Corr
0.68	NOEM	CO2 Energy Transition	Pair Corr
0.62	OBIO	Orchestra BioMed Holdings	Pair Corr
0.59	KODK	Eastman Kodak	Pair Corr
0.5	ALRS	Alerus Financial Corp	Pair Corr
0.45	CVNA	Carvana	Pair Corr
0.43	LPAAW	Launch One Acquisition	Pair Corr
0.42	SBKFF	State Bank	Pair Corr
0.35	TORO	Toro	Pair Corr
0.33	ORHB	ORHub Inc	Pair Corr
0.76	ATRO	Astronics	Pair Corr
0.75	FCBBF	FinecoBank Banca Fineco	Pair Corr
0.72	EXPE	Expedia Group	Pair Corr
0.72	CKNHF	Clarkson PLC	Pair Corr
0.67	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.65	THH	TryHard Holdings Trending	Pair Corr

Related Correlations Analysis

	BAOS	CMCM	KUKE	ONFO	STFS	CHR	LCFY	HOFV	LDWY	SWAG
BAOS		0.56	0.21	0.3	0.38	0.19	0.5	0.42	0.47	-0.41	BAOS
CMCM	0.56		0.27	0.64	0.7	0.28	0.63	0.71	0.73	-0.24	CMCM
KUKE	0.21	0.27		0.43	0.4	0.57	0.49	0.27	0.48	-0.35	KUKE
ONFO	0.3	0.64	0.43		0.85	0.24	0.68	0.64	0.81	0.0	ONFO
STFS	0.38	0.7	0.4	0.85		0.33	0.76	0.7	0.82	-0.12	STFS
CHR	0.19	0.28	0.57	0.24	0.33		0.62	0.36	0.37	-0.36	CHR
LCFY	0.5	0.63	0.49	0.68	0.76	0.62		0.73	0.76	-0.39	LCFY
HOFV	0.42	0.71	0.27	0.64	0.7	0.36	0.73		0.78	-0.22	HOFV
LDWY	0.47	0.73	0.48	0.81	0.82	0.37	0.76	0.78		-0.33	LDWY
SWAG	-0.41	-0.24	-0.35	0.0	-0.12	-0.36	-0.39	-0.22	-0.33		SWAG
	BAOS	CMCM	KUKE	ONFO	STFS	CHR	LCFY	HOFV	LDWY	SWAG

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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

STFS	+ 0.85	ONFO
LDWY	+ 0.82	STFS
LDWY	+ 0.81	ONFO
LDWY	+ 0.78	HOFV
LCFY	+ 0.76	STFS
LDWY	+ 0.76	LCFY

High negative correlations

SWAG	- 0.41	BAOS
SWAG	- 0.39	LCFY
SWAG	- 0.36	CHR
SWAG	- 0.35	KUKE
SWAG	- 0.33	LDWY
SWAG	- 0.24	CMCM

Risk-Adjusted Indicators

There is a big difference between CNET Stock performing well and ZW Data 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 ZW Data'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
BAOS	4.93	0.09	0.02	0.15	5.20	(6.73)	7.58	(7.16)	66.17
CMCM	3.29	(0.49)	0.00	(0.11)	0.00	0.00	7.42	(8.94)	35.79
KUKE	31.52	7.90	0.21	(1.12)	25.62	(55.93)	150.00	(60.00)	382.50
ONFO	4.48	(0.87)	0.00	(0.66)	0.00	0.00	11.69	(9.23)	43.85
STFS	5.60	(0.85)	0.00	(1.46)	0.00	0.00	10.53	(11.11)	59.82
CHR	8.37	(3.10)	0.00	1.03	0.00	0.00	12.50	(19.25)	78.28
LCFY	3.16	(1.25)	0.00	(1.54)	0.00	0.00	3.77	(8.40)	28.63
HOFV	5.89	(0.94)	0.00	(2.33)	0.00	0.00	10.77	(13.21)	35.42
LDWY	3.49	(0.55)	0.00	(0.51)	0.00	0.00	7.89	(8.54)	40.34
SWAG	4.26	(0.03)	0.02	0.05	6.41	(4.42)	8.70	(12.12)	63.62

ZW Data Corporate Management

Mingyu Chang	Chief Officer	Profile
Wa Chi	Chief Officer	Profile
Ken Wu	Chief Officer	Profile
Zhongyi Liu	Chief Strategy Officer	Profile
Yingguo Guo	Chief Officer	Profile

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