Pintec Technology Correlations

PT Stock

USD 0.94 0.06 6.82%

The current 90-days correlation between Pintec Technology and Mastercard is 0.04 (i.e., Significant diversification). The correlation of Pintec Technology 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.

Pintec Technology Correlation With Market

Average diversification

The correlation between Pintec Technology Holdings and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pintec Technology Holdings and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pintec Technology Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving against Pintec Stock

0.41	OPFI	OppFi Inc	Pair Corr
0.38	V	Visa Class A	Pair Corr
0.38	MA	Mastercard	Pair Corr
0.32	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.45	HG	Hamilton Insurance Group,	Pair Corr
0.36	CB	Chubb Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	MA	V	COF	PYPL	ALLY	GS	CAT
MA		0.97	0.44	0.74	0.37	0.36	0.42	MA
V	0.97		0.46	0.77	0.44	0.42	0.47	V
COF	0.44	0.46		0.89	0.97	0.97	0.97	COF
PYPL	0.74	0.77	0.89		0.86	0.86	0.88	PYPL
ALLY	0.37	0.44	0.97	0.86		0.98	0.97	ALLY
GS	0.36	0.42	0.97	0.86	0.98		0.98	GS
CAT	0.42	0.47	0.97	0.88	0.97	0.98		CAT
	MA	V	COF	PYPL	ALLY	GS	CAT

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Risk-Adjusted Indicators

There is a big difference between Pintec Stock performing well and Pintec Technology 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 Pintec Technology'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
MA	0.98	(0.01)	(0.01)	0.12	1.60	(0.93)	2.11	(1.99)	8.93
V	0.96	(0.07)	(0.04)	0.06	1.72	(0.86)	1.64	(2.33)	8.52
COF	1.34	0.28	0.21	0.33	1.16	(1.52)	3.77	(2.13)	11.09
PYPL	1.34	0.11	0.07	0.22	1.70	(1.43)	2.80	(2.84)	9.43
ALLY	1.42	0.13	0.11	0.21	1.55	(1.56)	3.53	(2.37)	10.02
GS	1.16	0.38	0.33	0.47	0.67	(1.42)	2.87	(1.82)	6.43
CAT	1.13	0.36	0.36	0.45	0.56	(1.45)	2.92	(1.57)	7.20

Pintec Technology Corporate Management

Joyce Tang	Investor Relations	Profile
Xin Yang	Chief Officer	Profile
Hefei Xu	Chief Officer	Profile
Huike Li	CEO CFO	Profile
Jing Zhou	Advisor	Profile
Chen Bingqing	Chief Officer	Profile

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