Kuaishou Technology Correlations
| KSHTY Stock | USD 1.25 0.03 2.34% |
The current 90-days correlation between Kuaishou Technology and Tencent Music Entertainment is 0.46 (i.e., Very weak diversification). The correlation of Kuaishou 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Kuaishou Technology Correlation With Market
Good diversification
The correlation between Kuaishou Technology and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kuaishou Technology and DJI in the same portfolio, assuming nothing else is changed.
Kuaishou |
The ability to find closely correlated positions to Kuaishou 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 Kuaishou 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 Kuaishou 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 Kuaishou Technology to buy it.
Moving together with Kuaishou Pink Sheet
| 0.79 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.85 | TCTZF | Tencent Holdings | PairCorr |
| 0.87 | TCEHY | Tencent Holdings Sell-off Trend | PairCorr |
| 0.91 | PROSY | Prosus NV ADR | PairCorr |
| 0.84 | PROSF | Prosus | PairCorr |
| 0.74 | SSNLF | Samsung Electronics | PairCorr |
| 0.64 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.79 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.7 | HD | Home Depot | PairCorr |
| 0.78 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.67 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Moving against Kuaishou Pink Sheet
| 0.5 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.49 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.35 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Kuaishou Pink Sheet performing well and Kuaishou 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 Kuaishou 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TCTZF | 2.14 | 0.22 | 0.01 | (0.19) | 2.68 | 5.12 | 17.65 | |||
| DOYU | 4.40 | (0.50) | 0.00 | (0.06) | 0.00 | 7.90 | 51.56 | |||
| TME | 2.45 | 0.22 | 0.07 | 0.50 | 2.22 | 6.84 | 21.86 | |||
| WB | 2.81 | 0.45 | 0.10 | 2.20 | 3.17 | 7.48 | 23.98 | |||
| BAIDF | 5.34 | 0.08 | (0.01) | (0.02) | 6.93 | 11.80 | 37.27 | |||
| PROSF | 0.97 | 0.15 | 0.03 | 0.70 | 0.96 | 3.67 | 12.32 | |||
| KUASF | 1.50 | 0.31 | 0.00 | (3.34) | 0.00 | 7.79 | 37.32 | |||
| TRUE | 2.33 | 0.42 | 0.19 | 0.35 | 2.27 | 6.07 | 13.55 | |||
| LTRPA | 2.22 | 0.02 | 0.00 | 0.07 | 0.00 | 5.41 | 18.55 | |||
| THRY | 2.22 | (0.32) | 0.00 | (0.12) | 0.00 | 3.75 | 25.72 |
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Kuaishou Technology Corporate Management
| Dingjia Chen | Chief Officer | Profile | |
| Yik Chong | Advisor | Profile | |
| Bing Jin | Chief Officer | Profile | |
| Hua Su | CoFounder Chairman | Profile | |
| Yixiao Cheng | Ex CoFounder | Profile | |
| Hongyi Jia | Joint Sec | Profile | |
| Heather Diwu | Director IR | Profile |