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.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XChange TECINC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
For more detail on how to invest in XChange Stock please use our How to Invest in XChange TECINC guide.

Moving together with XChange Stock

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Moving against XChange Stock

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Related Correlations Analysis

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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   
GLMFFASO
PLAYASO
ATGEUDMY
GLMFFPLAY
ATGEASO
UDMYASO
  
High negative correlations   
PLAYIMTE
IMTEASO
IMTEATGE
IMTEUDMY
GLMFFIMTE

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.

XChange TECINC Corporate Management

Jiamin ChenVP DepartmentProfile
Yong MaHead BusinessProfile
Zhichen SunChief OfficerProfile
Gang XieChief OfficerProfile
Zongquan YangSenior ManagementProfile