ZW Data Correlations
| CNET Stock | USD 1.30 0.01 0.78% |
The current 90-days correlation between ZW Data Action and Baosheng Media Group is 0.5 (i.e., Very weak 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
Significant diversification
The correlation between ZW Data Action and DJI is 0.05 (i.e., Significant diversification) 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.
Moving together with CNET Stock
| 0.76 | IBTA | Ibotta | PairCorr |
| 0.63 | MNTN | MNTN Inc | PairCorr |
| 0.68 | NEXN | Nexxen International | PairCorr |
| 0.75 | SBDS | Silver Bullet Data | PairCorr |
| 0.79 | TNMG | TNL Mediagene Ordinary Trending | PairCorr |
| 0.63 | PTAIF | PT Astra International | PairCorr |
Moving against CNET Stock
| 0.61 | 000917 | Hunan TV Broadcast | PairCorr |
| 0.41 | 605168 | Threes Company | PairCorr |
| 0.4 | 300071 | Spearhead Integrated | PairCorr |
| 0.34 | IAS | Integral Ad Science | PairCorr |
| 0.33 | OMC | Omnicom Group | PairCorr |
| 0.82 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.8 | OXBC | Oxford Bank | PairCorr |
| 0.76 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.72 | PTAIY | Astra International Tbk | PairCorr |
| 0.67 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.4 | 300058 | BlueFocus Communication | 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 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 | 3.68 | (0.37) | 0.00 | (0.07) | 0.00 | 6.29 | 44.14 | |||
| CMCM | 3.05 | (0.24) | 0.00 | (0.03) | 0.00 | 6.15 | 35.79 | |||
| KUKE | 40.80 | 9.19 | 0.23 | 0.58 | 29.20 | 152.94 | 382.50 | |||
| ONFO | 4.26 | (0.66) | 0.00 | (0.16) | 0.00 | 11.69 | 35.69 | |||
| STFS | 4.68 | (0.40) | 0.00 | 2.51 | 0.00 | 7.69 | 59.82 | |||
| CHR | 7.46 | (1.48) | 0.00 | (2.58) | 0.00 | 13.67 | 58.33 | |||
| LCFY | 3.26 | (0.14) | 0.00 | (0.09) | 0.00 | 4.64 | 15.64 | |||
| HOFV | 5.03 | (0.70) | 0.00 | (0.18) | 0.00 | 12.50 | 30.28 | |||
| LDWY | 3.59 | (0.23) | 0.00 | (0.07) | 0.00 | 8.08 | 40.34 | |||
| SWAG | 4.42 | 0.08 | 0.06 | 0.11 | 6.29 | 8.85 | 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 |