UCloud Technology Correlations
| 688158 Stock | 14.84 0.29 1.92% |
The current 90-days correlation between UCloud Technology and BeiGene is 0.62 (i.e., Poor diversification). The correlation of UCloud Technology 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.
UCloud Technology Correlation With Market
Good diversification
The correlation between UCloud Technology Co and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UCloud Technology Co and DJI in the same portfolio, assuming nothing else is changed.
UCloud |
The ability to find closely correlated positions to UCloud Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UCloud Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UCloud Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UCloud Technology Co to buy it.
Moving together with UCloud Stock
| 0.62 | 601668 | China State Construction | PairCorr |
| 0.76 | 601390 | China Railway Group | PairCorr |
| 0.74 | 000661 | Changchun High New | PairCorr |
| 0.72 | 601636 | Zhuzhou Kibing Group | PairCorr |
| 0.82 | 600584 | JCET Group | PairCorr |
| 0.91 | 300815 | Eit Environmental | PairCorr |
| 0.76 | 603800 | Suzhou Douson Drilling | PairCorr |
| 0.77 | 002847 | Yankershop Food | PairCorr |
| 0.76 | 002998 | Elite Color Environmental | PairCorr |
| 0.69 | 603610 | Keeson Technology Corp | PairCorr |
| 0.74 | 601002 | Gem Year Industrial | PairCorr |
| 0.75 | 600084 | Citic Guoan Wine | PairCorr |
| 0.63 | 000036 | China Union Holdings | PairCorr |
| 0.65 | 601865 | Flat Glass Group | PairCorr |
| 0.74 | 605168 | Threes Company | PairCorr |
| 0.84 | 002555 | 37 Interactive Enter | PairCorr |
| 0.64 | 603365 | Shanghai Shuixing Home | PairCorr |
| 0.77 | 002295 | Guangdong Jingyi Metal | PairCorr |
| 0.83 | 000963 | Huadong Medicine | PairCorr |
| 0.95 | 301379 | Techshine Electronics | PairCorr |
| 0.79 | 300599 | Guangdong Xiongsu | PairCorr |
| 0.88 | 002152 | GRG Banking Equipment | PairCorr |
| 0.88 | 300939 | Shenzhen AV Display | PairCorr |
| 0.72 | 600363 | Jiangxi Lianchuang Opto | PairCorr |
| 0.74 | 600719 | Dalian Thermal Power | PairCorr |
| 0.78 | 000761 | Bengang Steel Plates | PairCorr |
| 0.76 | 001323 | De Rucci Healthy | PairCorr |
| 0.7 | 002303 | Shenzhen MYS Environ | PairCorr |
Moving against UCloud Stock
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between UCloud Stock performing well and UCloud Technology 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 UCloud Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 688235 | 2.22 | 0.14 | 0.05 | 0.37 | 2.40 | 5.84 | 18.86 | |||
| 600519 | 1.62 | 0.30 | 0.15 | 1.01 | 1.57 | 6.55 | 16.71 | |||
| 688169 | 2.98 | (0.07) | 0.00 | 0.69 | 0.00 | 5.74 | 34.80 | |||
| 603444 | 2.48 | 0.21 | 0.06 | (1.29) | 3.14 | 5.75 | 18.75 | |||
| 600941 | 1.05 | 0.19 | 0.15 | (4.63) | 0.94 | 3.09 | 8.38 | |||
| 688399 | 2.03 | (0.22) | 0.00 | 0.43 | 0.00 | 4.04 | 20.86 | |||
| 000661 | 2.28 | 0.40 | 0.17 | 3.70 | 2.00 | 7.55 | 17.13 | |||
| 002371 | 2.49 | 0.56 | 0.20 | 1.70 | 2.20 | 9.80 | 15.93 | |||
| 300750 | 2.74 | 0.60 | 0.17 | (3.11) | 2.99 | 7.94 | 33.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in UCloud Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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UCloud Technology Corporate Executives
Elected by the shareholders, the UCloud Technology's board of directors comprises two types of representatives: UCloud Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of UCloud. The board's role is to monitor UCloud Technology's management team and ensure that shareholders' interests are well served. UCloud Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, UCloud Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.