Cheche Group Correlations

CCG Stock

0.90 0.05 5.88%

The current 90-days correlation between Cheche Group Class and Zillow Group Class is 0.21 (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

Significant diversification

The correlation between Cheche Group Class and DJI is 0.09 (i.e., Significant 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.

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 main economic indicators.

Moving together with Cheche Stock

0.63

GOOG

Alphabet Class C

Pair Corr

Moving against Cheche Stock

0.33	MAX	MediaAlpha	Pair Corr
0.4	SFUNY	Fang Holdings	Pair Corr
0.56	RIME	Algorhythm Holdings, Symbol Change	Pair Corr

Related Correlations Analysis

	Z	OB	TC	WB	YY	ZG	ZH	DOYU	EVER	FENG
Z		0.21	-0.61	0.26	0.31	1.0	0.16	-0.31	-0.37	-0.36	Z
OB	0.21		-0.01	-0.35	0.23	0.21	-0.31	0.5	0.48	-0.09	OB
TC	-0.61	-0.01		0.0	0.21	-0.6	0.15	0.15	0.62	0.68	TC
WB	0.26	-0.35	0.0		0.14	0.27	0.9	-0.18	-0.51	0.29	WB
YY	0.31	0.23	0.21	0.14		0.32	0.26	-0.23	0.19	0.06	YY
ZG	1.0	0.21	-0.6	0.27	0.32		0.17	-0.31	-0.37	-0.35	ZG
ZH	0.16	-0.31	0.15	0.9	0.26	0.17		-0.27	-0.33	0.29	ZH
DOYU	-0.31	0.5	0.15	-0.18	-0.23	-0.31	-0.27		0.37	0.27	DOYU
EVER	-0.37	0.48	0.62	-0.51	0.19	-0.37	-0.33	0.37		0.22	EVER
FENG	-0.36	-0.09	0.68	0.29	0.06	-0.35	0.29	0.27	0.22		FENG
	Z	OB	TC	WB	YY	ZG	ZH	DOYU	EVER	FENG

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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

ZG	+ 1.0	Z
ZH	+ 0.9	WB
FENG	+ 0.68	TC
EVER	+ 0.62	TC
DOYU	+ 0.5	OB
EVER	+ 0.48	OB

High negative correlations

TC	- 0.61	Z
ZG	- 0.6	TC
EVER	- 0.51	WB
EVER	- 0.37	ZG
EVER	- 0.37	Z
FENG	- 0.36	Z

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
Z	2.19	0.57	0.24	2.42	1.62	(2.64)	4.77	(2.96)	25.67
OB	1.78	(0.09)	(0.02)	0.03	2.07	(1.95)	3.67	(3.96)	12.83
TC	4.59	(1.13)	0.00	(1.63)	0.00	0.00	6.90	(12.16)	32.75
WB	2.74	0.28	0.06	0.81	3.18	(3.13)	7.48	(5.36)	23.98
YY	1.50	0.04	0.00	0.18	1.78	(1.59)	3.61	(3.20)	8.81
ZG	2.22	0.58	0.23	3.27	1.71	(2.75)	4.82	(2.75)	26.75
ZH	3.01	0.22	0.07	0.25	3.09	(3.89)	6.49	(5.09)	23.67
DOYU	4.22	(0.93)	0.00	(0.21)	0.00	0.00	7.28	(6.42)	53.61
EVER	3.06	(0.40)	0.00	(0.07)	0.00	0.00	7.41	(5.25)	21.16
FENG	3.67	(0.40)	0.00	(0.36)	0.00	0.00	6.32	(8.27)	21.90

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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