Real Messenger Correlations

RMSGW Stock

0.04 0 3.39%

The current 90-days correlation between Real Messenger and Kanzhun Ltd ADR is -0.05 (i.e., Good diversification). The correlation of Real Messenger 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.

Real Messenger Correlation With Market

Average diversification

The correlation between Real Messenger and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Real Messenger and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Real Stock

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

For more information on how to buy Real Stock please use our How to Invest in Real Messenger guide.

Moving against Real Stock

0.38	CCG	Cheche Group Class	Pair Corr
0.44	SEATW	Vivid Seats Warrant	Pair Corr
0.33	ZIP	Ziprecruiter	Pair Corr
0.33	NAMI	Jinxin Technology Holding	Pair Corr
0.31	GIBO	Global IBO Group	Pair Corr

Related Correlations Analysis

	BZ	EB	SJ	WB	ZH	DOYU	WBTN	EVER	FENG	CCG
BZ		0.67	-0.08	0.87	0.52	0.2	0.16	0.6	0.76	-0.7	BZ
EB	0.67		-0.35	0.75	0.28	-0.16	0.04	0.4	0.39	-0.72	EB
SJ	-0.08	-0.35		-0.28	-0.18	-0.07	-0.12	-0.03	-0.03	0.2	SJ
WB	0.87	0.75	-0.28		0.54	0.19	0.17	0.51	0.61	-0.72	WB
ZH	0.52	0.28	-0.18	0.54		0.73	0.72	0.44	0.47	-0.35	ZH
DOYU	0.2	-0.16	-0.07	0.19	0.73		0.69	0.37	0.4	0.0	DOYU
WBTN	0.16	0.04	-0.12	0.17	0.72	0.69		0.32	0.33	-0.02	WBTN
EVER	0.6	0.4	-0.03	0.51	0.44	0.37	0.32		0.48	-0.39	EVER
FENG	0.76	0.39	-0.03	0.61	0.47	0.4	0.33	0.48		-0.53	FENG
CCG	-0.7	-0.72	0.2	-0.72	-0.35	0.0	-0.02	-0.39	-0.53		CCG
	BZ	EB	SJ	WB	ZH	DOYU	WBTN	EVER	FENG	CCG

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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

WB	+ 0.87	BZ
FENG	+ 0.76	BZ
WB	+ 0.75	EB
DOYU	+ 0.73	ZH
WBTN	+ 0.72	ZH
WBTN	+ 0.69	DOYU

High negative correlations

CCG	- 0.72	WB
CCG	- 0.72	EB
CCG	- 0.7	BZ
CCG	- 0.53	FENG
CCG	- 0.39	EVER
CCG	- 0.35	ZH

Risk-Adjusted Indicators

There is a big difference between Real Stock performing well and Real Messenger 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 Real Messenger'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
BZ	1.92	0.28	0.16	0.36	1.62	(2.36)	4.77	(3.13)	16.12
EB	2.34	0.07	0.01	0.23	2.68	(2.68)	5.58	(5.36)	13.70
SJ	4.68	0.01	0.00	0.14	5.58	(5.63)	12.50	(10.68)	30.31
WB	1.45	0.40	0.22	2.38	0.94	(1.90)	4.28	(1.83)	9.01
ZH	2.06	0.27	0.11	0.39	1.97	(2.34)	6.13	(3.50)	11.38
DOYU	2.15	0.34	0.10	0.61	2.63	(2.33)	6.61	(4.80)	18.39
WBTN	2.29	0.10	0.04	0.21	3.89	(2.47)	4.71	(4.27)	22.99
EVER	1.88	0.12	0.05	0.22	2.79	(1.98)	4.09	(4.20)	22.44
FENG	3.63	0.53	0.10	1.72	3.63	(4.32)	9.26	(6.94)	25.00
CCG	2.37	0.19	0.00	0.01	0.00	0.00	5.19	(4.88)	33.77

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