Scienjoy Holding Correlations
| SJ Stock | USD 0.90 0.04 4.65% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Scienjoy Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scienjoy Holding Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Scienjoy Holding Correlation With Market
Significant diversification
The correlation between Scienjoy Holding Corp and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scienjoy Holding Corp and DJI in the same portfolio, assuming nothing else is changed.
Moving against Scienjoy Stock
| 0.53 | ZDGE | Zedge Inc | PairCorr |
| 0.37 | MNYWW | MoneyHero Limited | PairCorr |
| 0.35 | JOYY | JOYY Inc Symbol Change | PairCorr |
| 0.31 | KIND | Nextdoor Holdings | PairCorr |
| 0.47 | MOMO | Hello Group | PairCorr |
| 0.45 | RDDT | Reddit, | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | LPTV | ||
| 0.0 | 0.81 | -0.78 | 0.0 | 0.23 | -0.14 | SGA | ||
| 0.0 | 0.81 | -0.67 | 0.0 | 0.1 | -0.01 | SSP | ||
| 0.0 | -0.78 | -0.67 | 0.0 | -0.02 | -0.14 | NISN | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | WHLM | ||
| 0.0 | 0.23 | 0.1 | -0.02 | 0.0 | -0.03 | WAFU | ||
| 0.0 | -0.14 | -0.01 | -0.14 | 0.0 | -0.03 | ZCMD | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Scienjoy Stock performing well and Scienjoy Holding 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 Scienjoy Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LPTV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SGA | 1.50 | 0.26 | 0.06 | 1.53 | 2.01 | 3.37 | 12.54 | |||
| SSP | 4.78 | 0.57 | 0.14 | 0.36 | 5.02 | 10.77 | 37.37 | |||
| NISN | 4.71 | (0.17) | 0.00 | 0.45 | 0.00 | 10.13 | 27.26 | |||
| WHLM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WAFU | 2.46 | 0.11 | (0.01) | (0.73) | 2.51 | 4.96 | 15.73 | |||
| ZCMD | 5.12 | 0.05 | (0.02) | 0.00 | 6.17 | 13.04 | 41.89 |