Aurora Mobile Correlations

JG Stock

USD 8.25 0.43 4.95%

The current 90-days correlation between Aurora Mobile and Alarum Technologies is -0.01 (i.e., Good diversification). The correlation of Aurora Mobile 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.

Aurora Mobile Correlation With Market

Weak diversification

The correlation between Aurora Mobile and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aurora Mobile and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Aurora Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Aurora Mobile. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more detail on how to invest in Aurora Stock please use our How to Invest in Aurora Mobile guide.

Moving together with Aurora Stock

0.8	EXFY	Expensify	Pair Corr
0.79	CRM	Salesforce	Pair Corr
0.82	MRT	Marti Technologies	Pair Corr
0.65	INUV	Inuvo Inc	Pair Corr
0.78	CRM	SalesforceCom CDR	Pair Corr
0.71	MNDY	MondayCom	Pair Corr
0.71	MSTR	MicroStrategy Incorporated	Pair Corr
0.67	NCNO	nCino Inc	Pair Corr

Moving against Aurora Stock

0.61	LNU	Linius Technologies	Pair Corr
0.53	PD	Pagerduty	Pair Corr
0.43	MSFT	Microsoft Corp CDR	Pair Corr
0.35	DAY	Dayforce	Pair Corr
0.65	PHX	Pharmx Technologies	Pair Corr
0.64	VR1	Vection Technologies	Pair Corr
0.51	PAYTM	One 97 Communications	Pair Corr
0.43	HSN	Hansen Technologies	Pair Corr
0.76	JAN	Janison Education	Pair Corr
0.64	HTG	Harvest Technology	Pair Corr
0.53	PRCH	Porch Group	Pair Corr

Related Correlations Analysis

	ALAR	CISO	TAOP	NXTP	BLIN	AACG	YJ	CLPS	TOUR
ALAR		0.0	-0.74	0.22	-0.61	0.73	-0.17	0.34	0.19	ALAR
CISO	0.0		-0.13	0.44	-0.2	0.03	0.58	0.3	0.64	CISO
TAOP	-0.74	-0.13		-0.2	0.65	-0.64	-0.1	-0.49	-0.41	TAOP
NXTP	0.22	0.44	-0.2		-0.3	0.38	-0.04	0.39	0.31	NXTP
BLIN	-0.61	-0.2	0.65	-0.3		-0.56	0.2	-0.51	-0.39	BLIN
AACG	0.73	0.03	-0.64	0.38	-0.56		-0.37	0.4	0.12	AACG
YJ	-0.17	0.58	-0.1	-0.04	0.2	-0.37		0.02	0.47	YJ
CLPS	0.34	0.3	-0.49	0.39	-0.51	0.4	0.02		0.69	CLPS
TOUR	0.19	0.64	-0.41	0.31	-0.39	0.12	0.47	0.69		TOUR
	ALAR	CISO	TAOP	NXTP	BLIN	AACG	YJ	CLPS	TOUR

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

AACG	+ 0.73	ALAR
TOUR	+ 0.69	CLPS
BLIN	+ 0.65	TAOP
TOUR	+ 0.64	CISO
YJ	+ 0.58	CISO
TOUR	+ 0.47	YJ

High negative correlations

TAOP	- 0.74	ALAR
AACG	- 0.64	TAOP
BLIN	- 0.61	ALAR
AACG	- 0.56	BLIN
CLPS	- 0.51	BLIN
CLPS	- 0.49	TAOP

Risk-Adjusted Indicators

There is a big difference between Aurora Stock performing well and Aurora Mobile 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 Aurora Mobile'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
ALAR	3.07	0.20	0.06	0.11	3.71	(3.42)	6.22	(4.53)	22.68
CISO	4.09	0.30	0.08	0.28	3.72	(5.73)	10.19	(6.72)	27.48
TAOP	4.03	(0.71)	0.00	(0.34)	0.00	0.00	5.94	(10.56)	29.35
NXTP	295.50	152.48	0.00	(0.74)	0.00	0.00	0.00	0.00	9,999
BLIN	2.28	(0.04)	0.00	(0.04)	0.00	0.00	4.96	(4.20)	22.67
AACG	8.26	1.28	0.11	0.35	10.15	(9.52)	30.59	(13.41)	91.60
YJ	2.58	0.15	0.04	0.74	3.03	(3.20)	6.59	(5.24)	13.85
CLPS	2.00	0.10	0.03	(1.11)	2.08	(2.56)	4.17	(3.77)	12.79
TOUR	1.89	(0.12)	0.00	(0.09)	0.00	0.00	4.40	(3.61)	12.28

Aurora Mobile Corporate Management

ShanNen Bong	Chief Officer	Profile
Weidong Luo	Chairman CoFounder	Profile
Qing Zhang	Deputy Officer	Profile
Guoxiao Ben	Chief Officer	Profile

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