Cheche Group Correlations
| CCG Stock | 0.81 0.02 2.41% |
The current 90-days correlation between Cheche Group Class and Vivid Seats is 0.25 (i.e., Modest diversification). The correlation of Cheche Group 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.
Cheche Group Correlation With Market
Good diversification
The correlation between Cheche Group Class 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 Cheche Group Class and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Cheche Stock
| 0.64 | BRO | Brown Brown | PairCorr |
| 0.66 | HIT | Health In Tech Tech Boost | PairCorr |
| 0.75 | HIPO | Hippo Holdings | PairCorr |
| 0.83 | PRHI | Presurance Holdings Symbol Change | PairCorr |
| 0.8 | AIFU | Fanhua Inc | PairCorr |
Moving against Cheche Stock
| 0.62 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.53 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.47 | GSHD | Goosehead Insurance | PairCorr |
| 0.65 | PAAS | Pan American Silver | PairCorr |
| 0.62 | STX | Seagate Technology PLC | PairCorr |
| 0.61 | SATS | EchoStar | PairCorr |
| 0.59 | JBL | Jabil Circuit | PairCorr |
| 0.58 | ARMP | Armata Pharmaceuticals | PairCorr |
| 0.55 | PTAIY | Astra International Tbk | PairCorr |
| 0.55 | BRC | Brady | PairCorr |
| 0.54 | VLY | Valley National Bancorp Potential Growth | PairCorr |
| 0.5 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.45 | AMGN | Amgen 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
There is a big difference between Cheche Stock performing well and Cheche Group 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 Cheche Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SEAT | 4.15 | (1.11) | 0.00 | (1.86) | 0.00 | 6.34 | 24.24 | |||
| ILLR | 8.48 | (3.34) | 0.00 | (1.39) | 0.00 | 13.11 | 109.86 | |||
| IZEA | 3.13 | 0.38 | 0.07 | (0.17) | 3.05 | 6.44 | 33.70 | |||
| NAMI | 5.34 | (0.18) | 0.00 | (0.01) | 0.00 | 14.63 | 57.29 | |||
| MCHX | 1.82 | (0.08) | 0.00 | 0.50 | 0.00 | 2.60 | 16.42 | |||
| FNGR | 3.99 | (0.29) | 0.00 | (0.64) | 0.00 | 9.87 | 32.17 | |||
| PODC | 3.69 | 0.69 | 0.12 | (1.96) | 4.18 | 9.77 | 22.74 | |||
| BZFD | 3.56 | (0.86) | 0.00 | (0.56) | 0.00 | 6.25 | 39.16 | |||
| MNY | 3.71 | (0.08) | 0.00 | (0.49) | 0.00 | 9.85 | 39.95 | |||
| SGA | 1.20 | (0.16) | 0.00 | 1.74 | 0.00 | 3.01 | 7.86 |
Cheche Group Corporate Management
| Cheng Zhong | CoChief Officer | Profile | |
| Wenting Ji | Chief Officer | Profile | |
| Yanjun Liu | Chief Officer | Profile | |
| Jianxiang Zhou | Chief Officer | Profile | |
| Weiqing Xiang | Financial Controller | Profile | |
| Ting Lin | Chief Officer | Profile |