Cheche Group Correlations

CCG Stock

0.79 0.01 1.25%

The current 90-days correlation between Cheche Group Class and Vivid Seats is -0.21 (i.e., Very good 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

Excellent diversification

The correlation between Cheche Group Class and DJI is -0.64 (i.e., Excellent 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 against Cheche Stock

0.82	BA	Boeing	Pair Corr
0.57	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.56	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.54	GE	GE Aerospace	Pair Corr
0.51	BFDE	Bedford Energy	Pair Corr
0.49	MRK	Merck Company Earnings Call This Week	Pair Corr
0.48	WMT	Walmart Common Stock	Pair Corr
0.41	JNJ	Johnson Johnson	Pair Corr
0.37	COHG	Cheetah Oil Gas	Pair Corr
0.37	CAT	Caterpillar	Pair Corr
0.36	HD	Home Depot	Pair Corr

Related Correlations Analysis

	SEAT	ILLR	IZEA	NAMI	MCHX	FNGR	PODC	BZFD	MNY	SGA
SEAT		0.19	-0.03	0.65	-0.06	-0.03	-0.47	0.92	0.2	0.42	SEAT
ILLR	0.19		0.66	0.19	-0.35	0.75	-0.47	0.15	0.34	0.57	ILLR
IZEA	-0.03	0.66		-0.08	-0.54	0.64	-0.18	-0.18	0.21	0.6	IZEA
NAMI	0.65	0.19	-0.08		0.1	0.21	-0.55	0.74	0.15	0.06	NAMI
MCHX	-0.06	-0.35	-0.54	0.1		-0.27	0.25	0.12	-0.18	-0.43	MCHX
FNGR	-0.03	0.75	0.64	0.21	-0.27		-0.33	-0.04	0.09	0.31	FNGR
PODC	-0.47	-0.47	-0.18	-0.55	0.25	-0.33		-0.48	-0.37	-0.27	PODC
BZFD	0.92	0.15	-0.18	0.74	0.12	-0.04	-0.48		0.08	0.27	BZFD
MNY	0.2	0.34	0.21	0.15	-0.18	0.09	-0.37	0.08		0.11	MNY
SGA	0.42	0.57	0.6	0.06	-0.43	0.31	-0.27	0.27	0.11		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	+ 0.92	SEAT
FNGR	+ 0.75	ILLR
BZFD	+ 0.74	NAMI
IZEA	+ 0.66	ILLR
NAMI	+ 0.65	SEAT
FNGR	+ 0.64	IZEA

High negative correlations

PODC	- 0.55	NAMI
MCHX	- 0.54	IZEA
BZFD	- 0.48	PODC
PODC	- 0.47	ILLR
PODC	- 0.47	SEAT
SGA	- 0.43	MCHX

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	3.85	(0.84)	0.00	(4.50)	0.00	0.00	6.34	(10.82)	22.35
ILLR	16.08	2.82	0.11	(1.49)	20.37	(21.53)	36.59	(40.32)	197.33
IZEA	2.14	(0.55)	0.00	(0.73)	0.00	0.00	4.58	(4.35)	11.34
NAMI	5.25	(0.54)	0.00	(0.18)	0.00	0.00	14.63	(9.76)	57.29
MCHX	1.57	(0.12)	0.00	(0.19)	0.00	0.00	2.52	(3.51)	14.87
FNGR	3.47	(0.34)	0.00	(0.16)	0.00	0.00	8.26	(6.67)	28.83
PODC	4.02	0.42	0.07	(0.85)	4.65	(4.69)	10.59	(8.30)	24.81
BZFD	3.50	(0.73)	0.00	4.45	0.00	0.00	6.67	(7.14)	39.16
MNY	2.79	(0.06)	0.00	(0.02)	0.00	0.00	9.76	(5.76)	39.95
SGA	1.23	(0.02)	0.00	0.08	0.00	0.00	2.64	(2.84)	9.37

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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