Kuaishou Technology Correlations

KUASF Stock

USD 5.78 0.00 0.00%

The current 90-days correlation between Kuaishou Technology and Baidu Inc is 0.16 (i.e., Average 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.

Kuaishou Technology Correlation With Market

Good diversification

The correlation between Kuaishou Technology and DJI is -0.03 (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.

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

0.76	META	Meta Platforms Aggressive Push	Pair Corr
0.83	TCTZF	Tencent Holdings	Pair Corr
0.84	TCEHY	Tencent Holdings	Pair Corr
0.84	PROSY	Prosus NV ADR	Pair Corr
0.87	PROSF	Prosus Earnings Call Today	Pair Corr
0.67	SSNLF	Samsung Electronics	Pair Corr
0.68	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.73	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.69	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.67	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.71	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Kuaishou Pink Sheet

0.48	NPSNY	Naspers Ltd ADR Earnings Call Today	Pair Corr
0.48	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	TCTZF	TRVG	YY	DOYU	BAIDF	PROSF	KSHTY	TME	MOMO	ZH
TCTZF		-0.57	0.0	-0.01	0.72	0.9	0.87	0.92	0.9	0.8	TCTZF
TRVG	-0.57		0.31	0.27	-0.29	-0.63	-0.46	-0.42	-0.43	-0.26	TRVG
YY	0.0	0.31		-0.09	0.08	-0.11	0.08	0.06	0.11	0.22	YY
DOYU	-0.01	0.27	-0.09		0.02	-0.06	0.09	0.08	0.17	-0.01	DOYU
BAIDF	0.72	-0.29	0.08	0.02		0.57	0.58	0.66	0.74	0.68	BAIDF
PROSF	0.9	-0.63	-0.11	-0.06	0.57		0.85	0.89	0.82	0.69	PROSF
KSHTY	0.87	-0.46	0.08	0.09	0.58	0.85		0.9	0.84	0.81	KSHTY
TME	0.92	-0.42	0.06	0.08	0.66	0.89	0.9		0.86	0.83	TME
MOMO	0.9	-0.43	0.11	0.17	0.74	0.82	0.84	0.86		0.78	MOMO
ZH	0.8	-0.26	0.22	-0.01	0.68	0.69	0.81	0.83	0.78		ZH
	TCTZF	TRVG	YY	DOYU	BAIDF	PROSF	KSHTY	TME	MOMO	ZH

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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

TME	+ 0.92	TCTZF
PROSF	+ 0.9	TCTZF
MOMO	+ 0.9	TCTZF
TME	+ 0.9	KSHTY
TME	+ 0.89	PROSF
KSHTY	+ 0.87	TCTZF

High negative correlations

PROSF	- 0.63	TRVG
TRVG	- 0.57	TCTZF
KSHTY	- 0.46	TRVG
MOMO	- 0.43	TRVG
TME	- 0.42	TRVG
BAIDF	- 0.29	TRVG

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	0.07	0.00	0.26	2.68	(2.36)	5.12	(3.77)	17.65
TRVG	1.55	0.16	0.01	(0.94)	1.47	(2.29)	6.55	(2.76)	11.03
YY	1.64	0.16	0.03	0.84	1.92	(1.79)	3.78	(3.82)	12.11
DOYU	4.26	(0.70)	0.00	(0.10)	0.00	0.00	7.90	(6.42)	52.69
BAIDF	5.69	0.34	0.02	(0.83)	6.91	(7.53)	14.94	(13.28)	37.27
PROSF	0.88	0.09	0.00	0.43	0.98	(3.37)	2.83	(2.48)	12.32
KSHTY	3.59	0.50	0.06	(4.33)	3.86	(6.13)	10.40	(6.12)	34.15
TME	2.37	0.14	0.04	0.33	2.27	(3.02)	5.81	(4.81)	21.86
MOMO	2.12	0.10	(0.03)	(0.17)	2.55	(2.25)	4.90	(4.28)	15.29
ZH	3.11	0.12	0.04	0.24	3.33	(3.93)	6.67	(5.19)	23.67

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kuaishou 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.

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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

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