Fangdd Network Correlations

DUO Stock

USD 2.25 0.18 8.70%

The current 90-days correlation between Fangdd Network Group and Dolphin Entertainment is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fangdd Network moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fangdd Network Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fangdd Network Correlation With Market

Weak diversification

The correlation between Fangdd Network Group and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fangdd Network Group and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fangdd Network Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Fangdd Stock

0.81	WIMI	WiMi Hologram Cloud	Pair Corr
0.63	FLNT	Fluent Inc	Pair Corr
0.65	OMC	Omnicom Group	Pair Corr
0.74	PSO	Pearson PLC ADR	Pair Corr

Moving against Fangdd Stock

0.82	TV	Grupo Televisa SAB	Pair Corr
0.77	BATRK	Atlanta Braves Holdings,	Pair Corr
0.72	BATRA	Atlanta Braves Holdings,	Pair Corr
0.61	DLPN	Dolphin Entertainment	Pair Corr
0.56	TC	TuanChe ADR	Pair Corr
0.52	SE	Sea	Pair Corr
0.45	VSME	VS Media Holdings	Pair Corr
0.44	ADD	Color Star Technology	Pair Corr
0.42	AMC	AMC Entertainment	Pair Corr
0.4	ADV	Advantage Solutions	Pair Corr
0.68	DIS	Walt Disney	Pair Corr
0.68	EVC	Entravision Communications	Pair Corr
0.66	LYV	Live Nation Entertainment	Pair Corr
0.63	EEX	Emerald Expositions	Pair Corr
0.55	CNK	Cinemark Holdings	Pair Corr
0.46	LVO	LiveOne	Pair Corr
0.45	CCO	Clear Channel Outdoor	Pair Corr
0.42	CHR	Cheer Holding	Pair Corr
0.42	GTN	Gray Television	Pair Corr
0.39	FOXA	Fox Corp Class	Pair Corr
0.38	GCI	Gannett	Pair Corr
0.38	MCS	Marcus	Pair Corr
0.36	IAS	Integral Ad Science	Pair Corr
0.35	FOX	Fox Corp Class	Pair Corr
0.67	TKO	TKO Group Holdings,	Pair Corr
0.62	HUYA	HUYA Inc	Pair Corr
0.6	WBD	Warner Bros Discovery	Pair Corr
0.59	SGA	Saga Communications	Pair Corr

Related Correlations Analysis

	CURIW	IQ	SE	TC	TV	DLPN	DRCT	VSME	EDHL	ANGHW
CURIW		-0.16	0.77	0.62	0.3	0.29	-0.43	-0.14	-0.37	-0.3	CURIW
IQ	-0.16		-0.16	-0.2	-0.27	-0.09	0.55	0.12	-0.03	0.36	IQ
SE	0.77	-0.16		0.79	0.68	0.69	-0.32	0.21	-0.16	-0.36	SE
TC	0.62	-0.2	0.79		0.68	0.51	-0.56	0.46	0.22	-0.41	TC
TV	0.3	-0.27	0.68	0.68		0.67	-0.36	0.53	0.22	-0.43	TV
DLPN	0.29	-0.09	0.69	0.51	0.67		0.02	0.44	-0.14	-0.39	DLPN
DRCT	-0.43	0.55	-0.32	-0.56	-0.36	0.02		-0.1	-0.26	0.16	DRCT
VSME	-0.14	0.12	0.21	0.46	0.53	0.44	-0.1		0.41	-0.31	VSME
EDHL	-0.37	-0.03	-0.16	0.22	0.22	-0.14	-0.26	0.41		0.02	EDHL
ANGHW	-0.3	0.36	-0.36	-0.41	-0.43	-0.39	0.16	-0.31	0.02		ANGHW
	CURIW	IQ	SE	TC	TV	DLPN	DRCT	VSME	EDHL	ANGHW

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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

TC	+ 0.79	SE
SE	+ 0.77	CURIW
DLPN	+ 0.69	SE
TV	+ 0.68	SE
TV	+ 0.68	TC
DLPN	+ 0.67	TV

High negative correlations

DRCT	- 0.56	TC
ANGHW	- 0.43	TV
DRCT	- 0.43	CURIW
ANGHW	- 0.41	TC
ANGHW	- 0.39	DLPN
EDHL	- 0.37	CURIW

Risk-Adjusted Indicators

There is a big difference between Fangdd Stock performing well and Fangdd Network 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 Fangdd Network'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
CURIW	21.95	6.13	0.37	2.33	13.51	(34.45)	25.63	(28.47)	495.07
IQ	2.68	(0.50)	0.00	(0.17)	0.00	0.00	5.85	(5.46)	21.14
SE	2.23	0.24	0.03	(2.68)	3.55	(2.11)	3.26	(4.68)	17.49
TC	3.72	0.22	0.02	(1.40)	4.19	(4.93)	7.59	(7.02)	28.10
TV	2.23	0.46	0.11	(1.53)	2.47	(2.61)	5.33	(4.27)	13.15
DLPN	2.44	0.14	0.03	0.26	3.00	(3.01)	5.94	(6.67)	21.89
DRCT	5.49	(0.07)	(0.01)	0.02	7.20	(6.28)	13.73	(12.33)	48.73
VSME	5.78	0.25	0.03	0.31	7.78	(6.55)	15.58	(11.24)	45.47
EDHL	3.43	0.88	0.22	(11.11)	3.11	(4.36)	11.32	(5.47)	27.54
ANGHW	8.58	0.26	0.02	0.25	12.03	(10.94)	21.54	(20.93)	77.67

Fangdd Network Corporate Management

Li Xiao	VP Director	Profile
Jiaorong Pan	COO Director	Profile
Yi Duan	CoFounder Director	Profile
Linda Li	Director Department	Profile
Xi Zeng	CEO CoFounder	Profile
Shuiying Chen	Principal Controller	Profile

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