Senmiao Technology Correlations

AIHS Stock

USD 0.90 0.03 3.01%

The current 90-days correlation between Senmiao Technology and Pintec Technology Holdings is -0.11 (i.e., Good diversification). The correlation of Senmiao 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.

Senmiao Technology Correlation With Market

Good diversification

The correlation between Senmiao Technology and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Senmiao Technology and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Senmiao Technology. 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 information on how to buy Senmiao Stock please use our How to Invest in Senmiao Technology guide.

Moving together with Senmiao Stock

0.65	RM	Regional Management Corp	Pair Corr
0.62	BRACU	Broad Capital Acquisition	Pair Corr

Moving against Senmiao Stock

0.86	AB	AllianceBernstein	Pair Corr
0.85	CG	Carlyle Group	Pair Corr
0.81	AC	Associated Capital	Pair Corr
0.78	TW	Tradeweb Markets Normal Trading	Pair Corr
0.77	LC	LendingClub Corp	Pair Corr
0.77	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.76	QD	Qudian Inc	Pair Corr
0.75	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.75	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.72	LX	Lexinfintech Holdings	Pair Corr
0.71	BN	Brookfield Corp	Pair Corr
0.67	BX	Blackstone Group Normal Trading	Pair Corr
0.66	PX	P10 Inc	Pair Corr
0.65	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.64	MA	Mastercard	Pair Corr
0.61	WT	WisdomTree	Pair Corr
0.57	DIST	Distoken Acquisition	Pair Corr
0.54	DB	Deutsche Bank AG	Pair Corr
0.48	MC	Moelis Potential Growth	Pair Corr
0.42	GCMGW	GCM Grosvenor	Pair Corr
0.41	WD	Walker Dunlop	Pair Corr
0.39	V	Visa Class A	Pair Corr
0.83	WAVS	Western Acquisition	Pair Corr
0.82	EVGR	Evergreen Corp	Pair Corr
0.81	ANSCW	Agriculture Natural	Pair Corr
0.8	DYCQ	DT Cloud Acquisition	Pair Corr
0.71	ESHA	ESH Acquisition Corp	Pair Corr
0.7	VRTS	Virtus Investment	Pair Corr
0.69	DISTR	Distoken Acquisition	Pair Corr
0.68	ENVA	Enova International	Pair Corr
0.47	EMCG	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	XYF	YRD	PT	QD	ASFZ	AGM-PD	AGM-PG	AGRIP	AGM-A	FINV
XYF		0.87	-0.67	0.8	0.47	0.55	0.44	-0.03	0.29	0.87	XYF
YRD	0.87		-0.62	0.69	0.31	0.52	0.48	-0.07	0.3	0.91	YRD
PT	-0.67	-0.62		-0.67	-0.28	-0.14	-0.09	-0.17	-0.27	-0.59	PT
QD	0.8	0.69	-0.67		0.36	0.16	-0.04	0.0	0.35	0.76	QD
ASFZ	0.47	0.31	-0.28	0.36		0.16	0.13	-0.01	0.0	0.37	ASFZ
AGM-PD	0.55	0.52	-0.14	0.16	0.16		0.88	-0.21	0.13	0.49	AGM-PD
AGM-PG	0.44	0.48	-0.09	-0.04	0.13	0.88		-0.2	0.06	0.43	AGM-PG
AGRIP	-0.03	-0.07	-0.17	0.0	-0.01	-0.21	-0.2		0.11	-0.08	AGRIP
AGM-A	0.29	0.3	-0.27	0.35	0.0	0.13	0.06	0.11		0.34	AGM-A
FINV	0.87	0.91	-0.59	0.76	0.37	0.49	0.43	-0.08	0.34		FINV
	XYF	YRD	PT	QD	ASFZ	AGM-PD	AGM-PG	AGRIP	AGM-A	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

FINV	+ 0.91	YRD
AGM-PG	+ 0.88	AGM-PD
YRD	+ 0.87	XYF
FINV	+ 0.87	XYF
QD	+ 0.8	XYF
FINV	+ 0.76	QD

High negative correlations

QD	- 0.67	PT
PT	- 0.67	XYF
PT	- 0.62	YRD
FINV	- 0.59	PT
ASFZ	- 0.28	PT
AGM-A	- 0.27	PT

Risk-Adjusted Indicators

There is a big difference between Senmiao Stock performing well and Senmiao 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 Senmiao 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
XYF	3.08	0.67	0.16	(7.24)	3.03	(3.91)	9.28	(5.12)	27.09
YRD	3.68	0.28	0.03	1.52	5.35	(3.98)	8.75	(6.80)	46.34
PT	2.44	(0.05)	0.00	4.57	0.00	0.00	6.32	(5.26)	24.51
QD	2.55	0.61	0.13	(0.44)	2.63	(2.90)	6.54	(4.21)	15.86
ASFZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGM-PD	0.59	(0.04)	0.00	(0.31)	0.00	0.00	1.11	(1.54)	3.33
AGM-PG	0.77	(0.07)	0.00	0.41	0.00	0.00	1.57	(1.72)	5.44
AGRIP	0.36	(0.03)	0.00	(0.19)	0.00	0.00	1.75	(1.26)	5.28
AGM-A	1.15	0.27	0.08	(1.48)	1.05	(2.06)	3.43	(2.06)	12.97
FINV	1.93	0.17	0.05	0.43	2.42	(1.95)	3.81	(4.74)	13.22

Senmiao Technology Corporate Management

Xi Wen	CEO, Chairman	Profile
Chunhai Li	Chief Officer	Profile
Xiaoyuan Zhang	CFO Treasurer	Profile
Haitao Liu	Chief Officer	Profile
Xuedong CFA	Weitian Relations	Profile

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