ZW Data Correlations

CNET Stock

USD 1.04 0.35 50.72%

The current 90-days correlation between ZW Data Action and Baosheng Media Group is 0.22 (i.e., Modest diversification). The correlation of ZW Data 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ZW Data Correlation With Market

Pay attention - limited upside

The correlation between ZW Data Action and DJI is -0.71 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZW Data Action and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CNET Stock

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

Moving together with CNET Stock

0.61	NCMI	National CineMedia	Pair Corr
0.72	SPN	Snipp Interactive	Pair Corr
0.7	CDLX	Cardlytics	Pair Corr
0.76	MSFT	Microsoft Sell-off Trend	Pair Corr

Moving against CNET Stock

0.81	BMYMP	Bristol Myers Squibb	Pair Corr
0.77	GOOG	Alphabet Class C	Pair Corr
0.72	CCO	Clear Channel Outdoor Buyout Trend	Pair Corr
0.67	FLNT	Fluent Inc	Pair Corr
0.62	EEX	Emerald Expositions Earnings Call This Week	Pair Corr
0.58	META	Meta Platforms	Pair Corr
0.48	VSME	VS Media Holdings	Pair Corr
0.4	MCHX	Marchex	Pair Corr
0.38	GKO	Geekco Technologies Corp	Pair Corr
0.84	FIBK	First Interstate Ban	Pair Corr
0.84	OBYCF	Obayashi	Pair Corr
0.8	BNKHF	BOC Hong Kong	Pair Corr
0.74	ENS	Enersys Earnings Call Tomorrow	Pair Corr
0.72	THO	Thor Industries	Pair Corr
0.69	YLLXF	Yellow Cake plc	Pair Corr
0.65	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.63	NFG	National Fuel Gas	Pair Corr
0.61	PGEZF	Group Ten Metals	Pair Corr
0.6	APETF	Alpha Esports Tech	Pair Corr
0.6	AROC	Archrock Symbol Change	Pair Corr
0.58	FCAP	First Capital	Pair Corr
0.58	SECVY	Seche Environnement	Pair Corr

Related Correlations Analysis

	BAOS	CMCM	ONFO	STFS	CHR	LCFY	LDWY	SWAG
BAOS		0.23	-0.17	-0.22	-0.22	0.17	-0.37	-0.13	BAOS
CMCM	0.23		0.56	0.57	0.56	0.54	-0.03	0.41	CMCM
ONFO	-0.17	0.56		0.84	0.81	0.65	0.29	0.73	ONFO
STFS	-0.22	0.57	0.84		0.85	0.57	0.46	0.64	STFS
CHR	-0.22	0.56	0.81	0.85		0.66	0.36	0.52	CHR
LCFY	0.17	0.54	0.65	0.57	0.66		0.14	0.5	LCFY
LDWY	-0.37	-0.03	0.29	0.46	0.36	0.14		0.38	LDWY
SWAG	-0.13	0.41	0.73	0.64	0.52	0.5	0.38		SWAG
	BAOS	CMCM	ONFO	STFS	CHR	LCFY	LDWY	SWAG

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

CHR	+ 0.85	STFS
STFS	+ 0.84	ONFO
CHR	+ 0.81	ONFO
SWAG	+ 0.73	ONFO
LCFY	+ 0.66	CHR
LCFY	+ 0.65	ONFO

High negative correlations

LDWY	- 0.37	BAOS
CHR	- 0.22	BAOS
STFS	- 0.22	BAOS
ONFO	- 0.17	BAOS
SWAG	- 0.13	BAOS
LDWY	- 0.03	CMCM

Risk-Adjusted Indicators

There is a big difference between CNET Stock performing well and ZW Data 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 ZW Data'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
BAOS	4.17	0.13	0.03	0.24	4.17	(5.12)	8.01	(7.28)	45.92
CMCM	2.88	(0.34)	0.00	(0.12)	0.00	0.00	7.02	(7.41)	35.79
ONFO	4.28	(1.10)	0.00	(0.52)	0.00	0.00	10.61	(8.62)	34.12
STFS	3.87	(0.80)	0.00	(0.58)	0.00	0.00	9.09	(9.09)	36.67
CHR	6.29	(1.08)	0.00	(0.54)	0.00	0.00	13.67	(20.00)	50.00
LCFY	3.97	(0.34)	0.00	(0.06)	0.00	0.00	7.00	(8.93)	61.19
LDWY	4.66	0.38	0.07	0.38	5.65	(5.97)	13.35	(11.89)	40.34
SWAG	4.83	(0.17)	0.01	0.04	6.63	(5.01)	9.00	(12.12)	63.62

ZW Data Corporate Management

Mingyu Chang	Chief Officer	Profile
Wa Chi	Chief Officer	Profile
Ken Wu	Chief Officer	Profile
Zhongyi Liu	Chief Strategy Officer	Profile
Yingguo Guo	Chief Officer	Profile

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