HUYA Correlations
| HUYA Stock | USD 3.34 0.09 2.77% |
The current 90-days correlation between HUYA Inc and Imax Corp is 0.08 (i.e., Significant diversification). The correlation of HUYA 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.
HUYA Correlation With Market
Significant diversification
The correlation between HUYA Inc 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 HUYA Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving together with HUYA Stock
| 0.68 | EVC | Entravision Communications | PairCorr |
| 0.73 | TSQ | Townsquare Media | PairCorr |
| 0.78 | WBD | Warner Bros Discovery Aggressive Push | PairCorr |
| 0.74 | MGNI | Magnite | PairCorr |
Moving against HUYA Stock
| 0.65 | DUO | Fangdd Network Group | PairCorr |
| 0.65 | HHS | Harte Hanks | PairCorr |
| 0.5 | BOC | Boston Omaha Corp | PairCorr |
| 0.36 | WIMI | WiMi Hologram Cloud | PairCorr |
| 0.58 | PSO | Pearson PLC ADR | PairCorr |
| 0.58 | WPP | WPP PLC ADR | PairCorr |
| 0.55 | XHLD | TEN Holdings, Common | PairCorr |
| 0.47 | KUKE | Kuke Music Holding | PairCorr |
| 0.32 | MCTR | CTRL Group Limited | PairCorr |
| 0.55 | NCMI | National CineMedia | PairCorr |
| 0.34 | NCTY | The9 Ltd ADR | PairCorr |
| 0.32 | ABLV | Able View Global | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between HUYA Stock performing well and HUYA 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 HUYA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IQ | 2.13 | 0.09 | 0.06 | 0.19 | 2.42 | 5.06 | 15.94 | |||
| AMCX | 2.31 | (0.04) | (0.04) | 0.02 | 2.99 | 4.50 | 12.70 | |||
| IMAX | 1.37 | 0.37 | 0.19 | 1.14 | 1.21 | 3.60 | 8.55 | |||
| MCS | 1.40 | 0.05 | 0.02 | 0.18 | 1.74 | 3.48 | 13.97 | |||
| SBGI | 1.82 | (0.06) | (0.02) | 0.07 | 2.33 | 3.56 | 10.63 | |||
| DOYU | 2.06 | 0.25 | 0.07 | 0.48 | 2.73 | 5.53 | 18.39 | |||
| BILI | 2.24 | 0.51 | 0.20 | 0.67 | 1.89 | 7.35 | 12.55 | |||
| MOMO | 1.85 | 0.74 | 0.40 | 2.51 | 1.09 | 5.05 | 16.57 | |||
| BZUN | 2.86 | 0.52 | 0.12 | 4.35 | 2.90 | 7.58 | 19.43 |
HUYA Corporate Executives
Elected by the shareholders, the HUYA's board of directors comprises two types of representatives: HUYA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HUYA. The board's role is to monitor HUYA's management team and ensure that shareholders' interests are well served. HUYA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, HUYA's outside directors are responsible for providing unbiased perspectives on the board's policies.