Jianpu Technology Related Correlations

Summary

JTDelisted Stock

USD 0.78 0.03 4.00%

Generate correlation matrix for Jianpu Technology and other related equities to check the degree to which Jianpu Technology price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Jianpu Technology. To filter out specific equities, please toggle its corresponding legend item. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

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Please note, there is a significant difference between Jianpu Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jianpu Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jianpu Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	ASFZ	AMSA	YRD	AGM-PD	SNTG	LX	LU	QD	XYF	FINV
ASFZ		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ASFZ
AMSA	0.0		0.25	-0.67	-0.72	-0.31	0.74	0.33	-0.28	0.37	AMSA
YRD	0.0	0.25		0.18	-0.16	0.38	0.2	0.5	0.38	0.69	YRD
AGM-PD	0.0	-0.67	0.18		0.29	0.28	-0.37	0.18	0.41	0.14	AGM-PD
SNTG	0.0	-0.72	-0.16	0.29		0.29	-0.62	-0.25	0.25	-0.24	SNTG
LX	0.0	-0.31	0.38	0.28	0.29		-0.11	0.03	0.47	0.02	LX
LU	0.0	0.74	0.2	-0.37	-0.62	-0.11		0.5	-0.12	0.41	LU
QD	0.0	0.33	0.5	0.18	-0.25	0.03	0.5		0.25	0.63	QD
XYF	0.0	-0.28	0.38	0.41	0.25	0.47	-0.12	0.25		0.1	XYF
FINV	0.0	0.37	0.69	0.14	-0.24	0.02	0.41	0.63	0.1		FINV
	ASFZ	AMSA	YRD	AGM-PD	SNTG	LX	LU	QD	XYF	FINV

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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

LU	+ 0.74	AMSA
FINV	+ 0.69	YRD
FINV	+ 0.63	QD
QD	+ 0.5	YRD
QD	+ 0.5	LU
XYF	+ 0.47	LX

High negative correlations

SNTG	- 0.72	AMSA
AGM-PD	- 0.67	AMSA
LU	- 0.62	SNTG
LU	- 0.37	AGM-PD
LX	- 0.31	AMSA
XYF	- 0.28	AMSA

Risk-Adjusted Indicators

There is a big difference between Jianpu Stock performing well and Jianpu 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 Jianpu 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
ASFZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMSA	12.43	5.30	0.31	0.79	7.69	(25.01)	28.57	(15.38)	211.12
YRD	3.67	0.17	0.07	0.13	4.51	(4.23)	7.60	(7.89)	29.03
AGM-PD	0.62	(0.09)	0.00	(0.12)	0.00	0.00	1.13	(1.28)	3.85
SNTG	4.45	(0.50)	0.00	(5.91)	0.00	0.00	10.62	(7.38)	32.30
LX	2.71	(0.13)	0.00	(0.01)	0.00	0.00	6.04	(6.11)	20.26
LU	3.73	1.01	0.26	0.43	3.66	(4.52)	9.06	(4.94)	54.45
QD	1.66	0.14	0.03	20.47	2.19	(1.81)	3.88	(3.64)	10.22
XYF	1.98	0.08	(0.01)	(0.07)	4.14	(2.30)	3.66	(3.07)	27.92
FINV	1.37	0.05	0.02	0.14	1.75	(1.41)	2.89	(2.75)	7.83

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Jianpu Technology Related Correlations

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