Qudian Correlations

QD Stock

USD 2.88 0.01 0.35%

The current 90-days correlation between Qudian Inc and Visa Class A is 0.26 (i.e., Modest diversification). The correlation of Qudian 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.

Qudian Correlation With Market

Very weak diversification

The correlation between Qudian Inc and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qudian Inc 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 Qudian Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Qudian Stock

0.8	V	Visa Class A	Pair Corr
0.86	AB	AllianceBernstein	Pair Corr
0.75	AC	Associated Capital	Pair Corr
0.9	BN	Brookfield Corp	Pair Corr
0.67	BX	Blackstone Group	Pair Corr
0.77	CG	Carlyle Group	Pair Corr
0.89	DB	Deutsche Bank AG	Pair Corr
0.88	GS	Goldman Sachs Group	Pair Corr
0.65	LC	LendingClub Corp	Pair Corr
0.64	LU	Lufax Holding	Pair Corr
0.9	MA	Mastercard	Pair Corr
0.68	MC	Moelis	Pair Corr
0.88	MS	Morgan Stanley	Pair Corr
0.7	SF	Stifel Financial	Pair Corr
0.63	TW	Tradeweb Markets Normal Trading	Pair Corr
0.83	WT	WisdomTree	Pair Corr
0.83	XP	Xp Inc	Pair Corr
0.73	DMYY	dMY Squared Technology	Pair Corr
0.71	DOMH	Dominari Holdings	Pair Corr
0.86	VCTR	Victory Capital Holdings	Pair Corr
0.74	VIRT	Virtu Financial Normal Trading	Pair Corr
0.74	VRTS	Virtus Investment	Pair Corr
0.61	EMCGR	Embrace Change Acqui	Pair Corr
0.85	EARN	Ellington Residential	Pair Corr

Moving against Qudian Stock

0.49	PT	Pintec Technology	Pair Corr
0.35	RM	Regional Management Corp	Pair Corr
0.68	EZPW	EZCORP Inc	Pair Corr
0.49	ANSCW	Agriculture Natural	Pair Corr
0.35	LGHLW	Lion Financial Group	Pair Corr

Related Correlations Analysis

	V	PYPL	UPST	MA	ALLY	SYF
V		0.8	0.58	0.9	0.65	0.84	V
PYPL	0.8		0.84	0.91	0.81	0.96	PYPL
UPST	0.58	0.84		0.72	0.78	0.81	UPST
MA	0.9	0.91	0.72		0.69	0.94	MA
ALLY	0.65	0.81	0.78	0.69		0.8	ALLY
SYF	0.84	0.96	0.81	0.94	0.8		SYF
	V	PYPL	UPST	MA	ALLY	SYF

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Risk-Adjusted Indicators

There is a big difference between Qudian Stock performing well and Qudian 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 Qudian'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
V	1.18	0.13	0.04	(0.89)	2.02	(1.11)	2.45	(2.35)	12.83
PYPL	1.70	0.02	0.01	0.04	2.63	(1.72)	2.92	(5.32)	16.71
UPST	4.22	0.22	0.05	0.11	5.59	(4.53)	6.72	(9.65)	30.84
MA	1.15	0.10	0.04	0.12	2.10	(1.03)	2.08	(3.07)	12.19
ALLY	1.90	0.09	0.03	0.10	2.81	(1.99)	3.93	(4.85)	15.48
SYF	2.23	0.19	0.06	0.13	3.51	(2.35)	4.02	(4.34)	22.79

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