Cheche Group Correlations

CCG Stock

0.84 0.02 2.33%

The current 90-days correlation between Cheche Group Class and Vivid Seats is 0.12 (i.e., Average 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

Modest diversification

The correlation between Cheche Group Class and DJI is 0.22 (i.e., Modest 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.

Build AI portfolio with Cheche Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cheche Group Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Cheche Stock

0.86	PRHI	Presurance Holdings Symbol Change	Pair Corr
0.71	AIFU	Fanhua Inc	Pair Corr

Moving against Cheche Stock

0.77	GSTX	Graphene Solar Techn	Pair Corr
0.56	AON	Aon PLC	Pair Corr
0.4	IRNRF	Iron Road Limited	Pair Corr
0.32	GSHD	Goosehead Insurance Normal Trading	Pair Corr
0.87	NLY	Annaly Capital Management	Pair Corr
0.74	PRAA	PRA Group	Pair Corr
0.73	RHHBY	Roche Holding	Pair Corr
0.73	ECRFF	Cartier Resources	Pair Corr
0.72	TWLO	Twilio Inc	Pair Corr
0.7	FBLA	FB Bancorp Common	Pair Corr
0.7	CPSS	Consumer Portfolio	Pair Corr
0.67	IOVA	Iovance Biotherapeutics	Pair Corr
0.67	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.66	MITK	Mitek Systems	Pair Corr
0.65	EXCE	EXCO Resources	Pair Corr
0.6	GT	Goodyear Tire Rubber	Pair Corr
0.52	TDC	Teradata Corp	Pair Corr
0.48	MODG	Callaway Golf	Pair Corr
0.42	MGYR	Magyar Bancorp	Pair Corr
0.83	NMR	Nomura Holdings ADR	Pair Corr
0.81	SPG	Simon Property Group Sell-off Trend	Pair Corr
0.8	ENVA	Enova International	Pair Corr
0.8	DX	Dynex Capital	Pair Corr
0.78	WDC	Western Digital	Pair Corr
0.76	INFFF	Intact Financial	Pair Corr

Related Correlations Analysis

	SEAT	ILLR	IZEA	NAMI	MCHX	FNGR	PODC	BZFD	MNY	SGA
SEAT		0.41	0.69	0.7	0.62	0.59	-0.53	0.93	-0.18	0.75	SEAT
ILLR	0.41		0.58	0.39	0.28	0.69	-0.67	0.5	0.03	0.57	ILLR
IZEA	0.69	0.58		0.34	0.26	0.49	-0.46	0.63	-0.09	0.83	IZEA
NAMI	0.7	0.39	0.34		0.67	0.68	-0.54	0.79	-0.26	0.45	NAMI
MCHX	0.62	0.28	0.26	0.67		0.62	-0.56	0.74	-0.23	0.34	MCHX
FNGR	0.59	0.69	0.49	0.68	0.62		-0.64	0.71	-0.18	0.53	FNGR
PODC	-0.53	-0.67	-0.46	-0.54	-0.56	-0.64		-0.66	0.23	-0.61	PODC
BZFD	0.93	0.5	0.63	0.79	0.74	0.71	-0.66		-0.29	0.72	BZFD
MNY	-0.18	0.03	-0.09	-0.26	-0.23	-0.18	0.23	-0.29		-0.2	MNY
SGA	0.75	0.57	0.83	0.45	0.34	0.53	-0.61	0.72	-0.2		SGA
	SEAT	ILLR	IZEA	NAMI	MCHX	FNGR	PODC	BZFD	MNY	SGA

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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

BZFD	+ 0.93	SEAT
SGA	+ 0.83	IZEA
BZFD	+ 0.79	NAMI
SGA	+ 0.75	SEAT
BZFD	+ 0.74	MCHX
SGA	+ 0.72	BZFD

High negative correlations

PODC	- 0.67	ILLR
BZFD	- 0.66	PODC
PODC	- 0.64	FNGR
SGA	- 0.61	PODC
PODC	- 0.56	MCHX
PODC	- 0.54	NAMI

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	3.99	(0.72)	0.00	(0.80)	0.00	0.00	6.86	(10.82)	24.24
ILLR	9.44	(3.15)	0.00	(0.95)	0.00	0.00	14.93	(27.14)	109.86
IZEA	2.69	(0.24)	0.00	(0.23)	0.00	0.00	5.26	(4.37)	19.83
NAMI	5.49	(0.30)	0.00	(0.09)	0.00	0.00	14.63	(9.76)	57.29
MCHX	1.80	(0.19)	0.00	(0.20)	0.00	0.00	2.60	(3.51)	13.32
FNGR	3.60	(0.39)	0.00	(0.43)	0.00	0.00	9.86	(6.94)	28.83
PODC	3.89	0.80	0.16	0.92	4.39	(4.41)	9.77	(7.95)	22.74
BZFD	3.45	(0.97)	0.00	(0.38)	0.00	0.00	6.25	(7.14)	39.16
MNY	3.57	0.00	0.01	0.09	4.59	(5.16)	9.85	(5.76)	39.95
SGA	1.30	(0.20)	0.00	(0.61)	0.00	0.00	3.12	(2.70)	9.45

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

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