Alibaba Group Correlations
| BABA34 Stock | BRL 23.84 -0.57 -2.34% |
Rolling correlation with major benchmarks shows how the stock's diversification benefit shifts over time. Current 90-days correlation between Alibaba Group Holding and Check Point Software is -0.1 (i.e., Excellent diversification).
Market Correlation Summary - Alibaba Group
Weak diversification
Alibaba Group currently posts a 0.5 correlation with Dow Jones, indicating a Weak diversification relationship for the active sample. This chart measures the degree of risk overlap between Alibaba Group and Dow Jones.
Alibaba Group |
Return correlation data for Alibaba Group reflects its behavior alongside similar assets. In some jurisdictions, wash sale rules restrict substantially identical replacements.
Moving Together With Alibaba Group Stock
| 0.94 | S2EA34 | Sea Limited | PairCorr |
| 0.85 | V1IP34 | Vipshop Holdings Limited Earnings Call This Week | PairCorr |
| 0.76 | CARE11 | Mxima Renda Corporativa Split | PairCorr |
Moving Differently From Alibaba Group Stock
| 0.76 | HGBS11 | HEDGE Brasil Shopping | PairCorr |
| 0.68 | SMTO3 | So Martinho SA | PairCorr |
| 0.66 | P2EN34 | PENN Entertainment | PairCorr |
| 0.61 | MBRF11 | Fundo De Investimento | PairCorr |
| 0.56 | HGLG11 | Cshg Logistica | PairCorr |
| 0.38 | EBAY34 | eBay Inc | PairCorr |
| 0.34 | JDCO34 | JD Inc | PairCorr |
Related Correlations Analysis
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
Strong recent returns in Alibaba Group Stock do not always mean Alibaba Group Company is outperforming peers on business quality. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CTSH34 | 1.59 | -0.80 | 0.00 | -1.79 | 0.00 | 0.27 | 31.14 | |||
| M2RV34 | 3.02 | 1.09 | 0.27 | -3.40 | 3.05 | 7.71 | 28.63 | |||
| A1LG34 | 1.23 | 0.05 | 0.01 | -0.31 | 1.84 | 4.02 | 16.00 | |||
| M1LM34 | 0.32 | -0.13 | 0.00 | -20.18 | 0.00 | 0.00 | 11.11 | |||
| Z1OM34 | 2.44 | 0.19 | 0.05 | -0.38 | 3.67 | 5.30 | 16.19 | |||
| T1AL34 | 2.17 | -0.30 | 0.00 | 2.29 | 0.00 | 4.85 | 13.97 | |||
| C1HK34 | 1.96 | -0.76 | 0.00 | -32.47 | 0.00 | 3.06 | 25.53 |
Be Your Own Money Manager
Optimization tools reveal whether capital allocated to Alibaba Group Holding is being used efficiently relative to other opportunities in the same equity universe. The practical goal is to remove redundancy, improve diversification, and keep risk aligned with the intended return target.
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Alibaba Group Corporate Management
Governance context around Alibaba Group Holding provides another way to assess whether decision-making power is balanced, accountable, and aligned with shareholder priorities. This becomes more valuable when seeking to compare oversight quality across firms that may otherwise look financially similar.