XChange TECINC Correlations
XHG Stock | 1.33 0.10 6.99% |
The current 90-days correlation between XChange TECINC and Glacier Media is 0.11 (i.e., Average diversification). The correlation of XChange TECINC 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.
XChange TECINC Correlation With Market
Significant diversification
The correlation between XChange TECINC and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XChange TECINC and DJI in the same portfolio, assuming nothing else is changed.
Moving together with XChange Stock
0.62 | MDV | Modiv Inc | PairCorr |
0.75 | NEN | New England Realty | PairCorr |
0.67 | OMH | Ohmyhome Limited Ordinary | PairCorr |
0.73 | VRE | Veris Residential Earnings Call This Week | PairCorr |
Moving against XChange Stock
0.86 | DOUG | Douglas Elliman | PairCorr |
0.84 | ARL | American Realty Investors | PairCorr |
0.83 | FTHM | Fathom Holdings | PairCorr |
0.81 | CBL | CBL Associates Properties | PairCorr |
0.79 | CWK | Cushman Wakefield plc | PairCorr |
0.78 | OZ | Belpointe PREP LLC | PairCorr |
0.76 | LRE | Lead Real Estate | PairCorr |
0.75 | MLP | Maui Land Pineapple | PairCorr |
0.72 | BHM | Bluerock Homes Trust | PairCorr |
0.68 | FSV | FirstService Corp Earnings Call This Week | PairCorr |
0.65 | ONL | Orion Office Reit | PairCorr |
0.64 | ZG | Zillow Group | PairCorr |
0.63 | JLL | Jones Lang LaSalle | PairCorr |
0.43 | VTMX | Corporacin Inmobiliaria Earnings Call This Week | PairCorr |
0.43 | FOR | Forestar Group | PairCorr |
0.38 | HHH | Howard Hughes | PairCorr |
0.37 | KW | Kennedy Wilson Holdings | PairCorr |
0.87 | TCI | Transcontinental Realty | PairCorr |
0.74 | PKST | Peakstone Realty Trust | PairCorr |
0.7 | RMR | RMR Group | PairCorr |
0.66 | HOUS | Anywhere Real Estate | PairCorr |
0.66 | NXDT | NexPoint Strategic | PairCorr |
0.65 | STHO | Star Holdings | PairCorr |
0.61 | NMRK | Newmark Group Potential Growth | PairCorr |
0.58 | RMAX | Re Max Holding | PairCorr |
0.49 | ASPS | Altisource Portfolio Earnings Call This Week | PairCorr |
0.44 | SRG | Seritage Growth Prop | PairCorr |
0.38 | RFL | Rafael Holdings, | PairCorr |
Related Correlations Analysis
0.32 | 0.41 | -0.42 | 0.79 | 0.86 | ASO | ||
0.32 | 0.68 | -0.41 | 0.26 | 0.26 | UDMY | ||
0.41 | 0.68 | -0.41 | 0.26 | 0.3 | ATGE | ||
-0.42 | -0.41 | -0.41 | -0.74 | -0.36 | IMTE | ||
0.79 | 0.26 | 0.26 | -0.74 | 0.66 | PLAY | ||
0.86 | 0.26 | 0.3 | -0.36 | 0.66 | GLMFF | ||
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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 XChange Stock performing well and XChange TECINC 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 XChange TECINC'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ASO | 2.02 | 0.76 | 0.23 | (0.70) | 1.67 | 5.24 | 23.42 | |||
UDMY | 1.79 | 0.03 | 0.04 | 0.15 | 1.98 | 4.75 | 13.30 | |||
ATGE | 1.82 | 0.10 | 0.03 | 0.26 | 2.22 | 3.33 | 22.91 | |||
IMTE | 2.74 | 0.14 | 0.00 | 3.02 | 2.82 | 5.93 | 12.46 | |||
PLAY | 3.13 | 0.69 | 0.26 | 0.61 | 2.34 | 9.24 | 22.98 | |||
GLMFF | 1.14 | 0.62 | 0.00 | (2.00) | 0.00 | 0.00 | 18.18 |
XChange TECINC Corporate Management
Jiamin Chen | VP Department | Profile | |
Yong Ma | Head Business | Profile | |
Zhichen Sun | Chief Officer | Profile | |
Gang Xie | Chief Officer | Profile | |
Zongquan Yang | Senior Management | Profile |