ZW Data Correlations

CNET Stock

USD 0.74 0.03 3.90%

The current 90-days correlation between ZW Data Action and Baosheng Media Group is 0.06 (i.e., Significant 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

Excellent diversification

The correlation between ZW Data Action and DJI is -0.66 (i.e., Excellent 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.

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 housing.

Moving together with CNET Stock

0.91	YOC	YOC AG	Pair Corr
0.78	EDHL	Everbright Digital	Pair Corr
0.82	PUB	Publicis Groupe SA	Pair Corr
0.71	CHR	Cheer Holding	Pair Corr
0.7	HHS	Harte Hanks Earnings Call This Week	Pair Corr
0.62	WPP	WPP PLC ADR	Pair Corr
0.76	TAT	Tartana Minerals Earnings Call This Week	Pair Corr
0.62	YDKG	Yueda Digital Holding Symbol Change	Pair Corr
0.61	HCO	High Co SA	Pair Corr
0.61	EBQ	Ebiquity Plc	Pair Corr
0.91	INF	Informa PLC Earnings Call This Week	Pair Corr
0.75	INTJ	Intelligent Group	Pair Corr
0.82	GTN	GTN	Pair Corr

Moving against CNET Stock

0.85	CCO	Clear Channel Outdoor	Pair Corr
0.61	FLNT	Fluent Inc	Pair Corr
0.57	VSME	VS Media Holdings	Pair Corr
0.46	EEX	Emerald Expositions	Pair Corr
0.53	GKO	Geekco Technologies Corp	Pair Corr
0.5	ALMKS	Making Science Group	Pair Corr
0.49	ALINV	Invibes Advertising	Pair Corr

Related Correlations Analysis

	BAOS	CMCM	KUKE	ONFO	STFS	CHR	LCFY	LDWY	SWAG
BAOS		0.67	0.17	0.64	0.7	0.65	-0.06	0.18	0.64	BAOS
CMCM	0.67		0.34	0.75	0.63	0.64	0.06	0.31	0.65	CMCM
KUKE	0.17	0.34		0.55	0.32	0.32	-0.28	0.13	-0.05	KUKE
ONFO	0.64	0.75	0.55		0.67	0.72	-0.22	0.15	0.63	ONFO
STFS	0.7	0.63	0.32	0.67		0.62	-0.07	0.32	0.56	STFS
CHR	0.65	0.64	0.32	0.72	0.62		0.11	0.36	0.54	CHR
LCFY	-0.06	0.06	-0.28	-0.22	-0.07	0.11		0.57	-0.03	LCFY
LDWY	0.18	0.31	0.13	0.15	0.32	0.36	0.57		0.01	LDWY
SWAG	0.64	0.65	-0.05	0.63	0.56	0.54	-0.03	0.01		SWAG
	BAOS	CMCM	KUKE	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

ONFO	+ 0.75	CMCM
CHR	+ 0.72	ONFO
STFS	+ 0.7	BAOS
CMCM	+ 0.67	BAOS
STFS	+ 0.67	ONFO
CHR	+ 0.65	BAOS

High negative correlations

LCFY	- 0.28	KUKE
LCFY	- 0.22	ONFO
LCFY	- 0.07	STFS
LCFY	- 0.06	BAOS
SWAG	- 0.05	KUKE
SWAG	- 0.03	LCFY

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	3.52	(0.28)	0.00	0.51	0.00	0.00	6.49	(7.28)	22.92
CMCM	2.72	(0.09)	0.00	(0.02)	0.00	0.00	7.02	(6.86)	16.61
KUKE	31.51	7.83	0.20	(0.85)	25.62	(55.93)	150.00	(60.00)	382.50
ONFO	3.85	(0.48)	0.00	(0.38)	0.00	0.00	10.20	(7.81)	28.08
STFS	4.31	(0.30)	0.00	0.46	0.00	0.00	12.36	(13.33)	42.00
CHR	4.90	(0.60)	0.00	(0.30)	0.00	0.00	12.50	(10.61)	50.00
LCFY	4.52	0.57	0.12	0.23	4.77	(5.44)	8.65	(8.93)	61.19
LDWY	4.66	0.44	0.07	0.35	5.65	(5.97)	13.35	(11.89)	40.34
SWAG	3.18	(0.23)	0.00	(0.10)	0.00	0.00	7.78	(7.22)	18.32

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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