Waterdrop ADR Correlations

WDH Stock

USD 1.40 0.05 3.70%

The current 90-days correlation between Waterdrop ADR and ChampionX is 0.39 (i.e., Weak diversification). The correlation of Waterdrop ADR 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.

Waterdrop ADR Correlation With Market

Very weak diversification

The correlation between Waterdrop ADR and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Waterdrop ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Waterdrop Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waterdrop ADR. 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.

For more detail on how to invest in Waterdrop Stock please use our How to Invest in Waterdrop ADR guide.

Moving together with Waterdrop Stock

0.66	FIHL	Fidelis Insurance	Pair Corr
0.72	AEG	Aegon NV ADR	Pair Corr
0.7	AIG	American International	Pair Corr
0.63	BNT	Brookfield Wealth Symbol Change	Pair Corr
0.67	SLF	Sun Life Financial	Pair Corr
0.68	ESGRP	Enstar Group	Pair Corr
0.69	ESGRO	Enstar Group Limited	Pair Corr
0.61	C	Citigroup Aggressive Push	Pair Corr
0.69	L	Loews Corp	Pair Corr
0.79	V	Visa Class A	Pair Corr
0.81	AC	Associated Capital	Pair Corr
0.72	BK	Bank of New York	Pair Corr
0.64	BN	Brookfield Corp	Pair Corr
0.67	CB	Chubb	Pair Corr
0.65	CG	Carlyle Group Normal Trading	Pair Corr

Moving against Waterdrop Stock

0.31

FG Annuities Life

Pair Corr

Related Correlations Analysis

	CHMN	CHX	LAC	PH	TWI	SSVRF	RBC
CHMN		0.0	0.0	0.0	0.0	0.0	0.0	CHMN
CHX	0.0		0.1	0.21	0.37	0.27	0.09	CHX
LAC	0.0	0.1		0.19	-0.25	-0.41	0.01	LAC
PH	0.0	0.21	0.19		0.68	0.27	0.95	PH
TWI	0.0	0.37	-0.25	0.68		0.79	0.69	TWI
SSVRF	0.0	0.27	-0.41	0.27	0.79		0.39	SSVRF
RBC	0.0	0.09	0.01	0.95	0.69	0.39		RBC
	CHMN	CHX	LAC	PH	TWI	SSVRF	RBC

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

RBC	+ 0.95	PH
SSVRF	+ 0.79	TWI
RBC	+ 0.69	TWI
TWI	+ 0.68	PH
RBC	+ 0.39	SSVRF
TWI	+ 0.37	CHX

High negative correlations

SSVRF	- 0.41	LAC
TWI	- 0.25	LAC
RBC	- 0.0	CHMN
SSVRF	- 0.0	CHMN
TWI	- 0.0	CHMN
PH	- 0.0	CHMN

Risk-Adjusted Indicators

There is a big difference between Waterdrop Stock performing well and Waterdrop ADR 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 Waterdrop ADR'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
CHMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHX	1.96	(0.30)	0.00	(0.10)	0.00	0.00	3.92	(5.80)	20.29
LAC	2.45	(0.09)	(0.02)	0.03	3.69	(2.49)	6.54	(5.19)	27.00
PH	1.59	0.13	0.06	0.18	2.59	(1.60)	3.14	(2.69)	19.46
TWI	3.29	0.29	0.09	0.25	3.95	(3.84)	10.39	(6.14)	27.80
SSVRF	3.59	0.25	0.04	0.35	3.70	(6.28)	10.53	(8.00)	21.64
RBC	1.44	0.19	0.11	0.29	1.51	(1.56)	3.28	(2.52)	13.18

Waterdrop ADR Corporate Management

Guang Yang	Director and General Manager of Insurance Marketplace	Profile
Xiaolei Sun	Vice Development	Profile
Heping Feng	Independent Director	Profile
Chenyang Wei	Independent Director	Profile
Hui Teng	Chief Actuary	Profile
Haiyang Yu	Director	Profile

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