360 Finance Correlations

QFIN Stock

USD 42.28 0.28 0.67%

The current 90-days correlation between 360 Finance and Tenaris SA ADR is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 360 Finance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 360 Finance moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

360 Finance Correlation With Market

Very weak diversification

The correlation between 360 Finance and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 360 Finance and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with 360 Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in 360 Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in 360 Stock, please use our How to Invest in 360 Finance guide.

Moving together with 360 Stock

0.63	MA	Mastercard	Pair Corr
0.73	AXP	American Express	Pair Corr
0.69	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.71	OPFI	OppFi Inc	Pair Corr
0.78	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.61	L	Loews Corp	Pair Corr
0.8	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.68	AC	Associated Capital	Pair Corr
0.66	BK	Bank of New York	Pair Corr
0.69	BN	Brookfield Corp	Pair Corr
0.63	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.72	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.61	HG	Hamilton Insurance Group,	Pair Corr

Moving against 360 Stock

0.48	HRZN	Horizon Technology	Pair Corr
0.47	FG	FG Annuities Life	Pair Corr
0.37	EG	Everest Group	Pair Corr
0.33	PT	Pintec Technology	Pair Corr

Related Correlations Analysis

	MJDLF	BTBD	PDS	SDSDF	JVA	PTEN	BDL	TS
MJDLF		0.53	0.79	0.0	0.7	0.66	0.7	0.76	MJDLF
BTBD	0.53		0.61	0.0	0.61	0.28	0.72	0.62	BTBD
PDS	0.79	0.61		0.0	0.82	0.78	0.84	0.92	PDS
SDSDF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SDSDF
JVA	0.7	0.61	0.82	0.0		0.48	0.83	0.86	JVA
PTEN	0.66	0.28	0.78	0.0	0.48		0.46	0.68	PTEN
BDL	0.7	0.72	0.84	0.0	0.83	0.46		0.86	BDL
TS	0.76	0.62	0.92	0.0	0.86	0.68	0.86		TS
	MJDLF	BTBD	PDS	SDSDF	JVA	PTEN	BDL	TS

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

TS	+ 0.92	PDS
TS	+ 0.86	JVA
TS	+ 0.86	BDL
BDL	+ 0.84	PDS
BDL	+ 0.83	JVA
JVA	+ 0.82	PDS

High negative correlations

TS	- 0.0	SDSDF
BDL	- 0.0	SDSDF
PTEN	- 0.0	SDSDF
JVA	- 0.0	SDSDF
SDSDF	- 0.0	PDS
SDSDF	- 0.0	BTBD

Risk-Adjusted Indicators

There is a big difference between 360 Stock performing well and 360 Finance 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 360 Finance'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
MJDLF	1.62	0.38	0.05	(0.27)	1.70	(2.58)	3.68	(3.64)	18.45
BTBD	2.89	0.27	0.01	(0.31)	3.30	(3.87)	6.31	(6.57)	33.46
PDS	1.80	0.27	0.09	0.87	1.77	(2.00)	4.29	(3.60)	11.40
SDSDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JVA	3.77	0.46	0.11	0.57	4.10	(4.15)	7.97	(6.65)	26.90
PTEN	2.26	0.00	(0.01)	0.13	2.72	(2.51)	4.54	(4.88)	12.84
BDL	2.36	0.56	0.12	2.16	2.76	(3.54)	6.74	(3.32)	30.91
TS	1.21	0.23	0.11	1.16	0.94	(1.46)	2.43	(1.99)	8.08

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC