Autohome Correlations

Stocks . USA . 
Stock . Autohome
ATHM Stock  USD 27.60  0.45  1.60%   
The current 90-days correlation between Autohome and Twilio Inc is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Autohome moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Autohome moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Autohome Correlation With Market

Significant diversification

The correlation between Autohome and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Autohome 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 Autohome. 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.
To learn how to invest in Autohome Stock, please use our How to Invest in Autohome guide.

Moving together with Autohome Stock

  0.85BZ Kanzhun Ltd ADRPairCorr
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  0.84ZH Zhihu Inc ADR Earnings Call This WeekPairCorr
  0.84TME Tencent Music EntertPairCorr
  0.8JFIN Jiayin GroupPairCorr
  0.69META Meta PlatformsPairCorr

Moving against Autohome Stock

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  0.44DOYU DouYu InternationalPairCorr
  0.43OB OutbrainPairCorr
  0.33FVRR Fiverr InternationalPairCorr
  0.32EVER EverQuote Class APairCorr
  0.59SEATW Vivid Seats WarrantPairCorr
  0.56GRPN GrouponPairCorr
  0.55GIFT RDE, Inc Symbol ChangePairCorr
  0.5MNYWW MoneyHero LimitedPairCorr
  0.44SLE Super League EnterprisePairCorr
  0.4TEM Tempus AI, Class Buyout TrendPairCorr
  0.68PERI Perion NetworkPairCorr
  0.32PODC Courtside Group, CommonPairCorr

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   
TCEHY
+ 0.91
BIDU
META
+ 0.81
SNAP
TCEHY
+ 0.81
META
TWLO
+ 0.8
GOOG
SNAP
+ 0.76
GOOG
SNAP
+ 0.66
TWLO
  
High negative correlations   
BIDU
- 0.14
TWLO

Risk-Adjusted Indicators

There is a big difference between Autohome Stock performing well and Autohome 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 Autohome'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.

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