Zhong Yang Correlations

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USD 1.22 0.01 0.81%

The current 90-days correlation between Zhong Yang Financial and Magic Empire Global is 0.2 (i.e., Modest diversification). The correlation of Zhong Yang 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.

Zhong Yang Correlation With Market

Modest diversification

The correlation between Zhong Yang Financial and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhong Yang Financial and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Zhong Yang Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Zhong Stock

0.65

Visa Class A

Pair Corr

Moving against Zhong Stock

0.56	EZPW	EZCORP Inc	Pair Corr
0.34	MKTX	MarketAxess Holdings	Pair Corr
0.33	SRL	Scully Royalty	Pair Corr
0.52	AMRK	Amark Preci	Pair Corr
0.39	ORGN	Origin Materials	Pair Corr

Related Correlations Analysis

	MEGL	NCPL	APLD	HUDI	CXAI	GDC	HKD
MEGL		0.36	0.3	-0.05	-0.45	0.31	-0.42	MEGL
NCPL	0.36		0.46	-0.49	-0.45	0.82	-0.68	NCPL
APLD	0.3	0.46		-0.13	-0.55	0.46	-0.48	APLD
HUDI	-0.05	-0.49	-0.13		0.1	-0.51	0.44	HUDI
CXAI	-0.45	-0.45	-0.55	0.1		-0.54	0.6	CXAI
GDC	0.31	0.82	0.46	-0.51	-0.54		-0.69	GDC
HKD	-0.42	-0.68	-0.48	0.44	0.6	-0.69		HKD
	MEGL	NCPL	APLD	HUDI	CXAI	GDC	HKD

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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

GDC	+ 0.82	NCPL
HKD	+ 0.6	CXAI
APLD	+ 0.46	NCPL
GDC	+ 0.46	APLD
HKD	+ 0.44	HUDI
NCPL	+ 0.36	MEGL

High negative correlations

HKD	- 0.69	GDC
HKD	- 0.68	NCPL
CXAI	- 0.55	APLD
GDC	- 0.54	CXAI
GDC	- 0.51	HUDI
HUDI	- 0.49	NCPL

Risk-Adjusted Indicators

There is a big difference between Zhong Stock performing well and Zhong Yang 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 Zhong Yang'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
MEGL	5.03	0.58	0.15	0.47	3.80	(7.41)	7.08	(6.67)	78.45
NCPL	7.81	1.45	0.12	2.41	9.29	(9.21)	20.83	(13.00)	67.95
APLD	5.75	2.07	0.47	4.75	3.33	(7.38)	14.76	(6.06)	59.09
HUDI	2.63	(0.11)	0.00	(24.16)	0.00	0.00	6.06	(5.41)	14.35
CXAI	3.54	(0.40)	0.00	(0.01)	0.00	0.00	6.67	(5.41)	39.09
GDC	5.16	0.33	0.07	0.28	6.12	(5.76)	12.08	(7.95)	39.43
HKD	3.23	(0.28)	0.00	(0.03)	0.00	0.00	5.00	(4.98)	55.10

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