ZW Data Correlations

CNET Stock

USD 1.19 0.08 6.30%

The current 90-days correlation between ZW Data Action and Baosheng Media Group is 0.36 (i.e., 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 0.08 (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.

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 consumer price index.

Moving together with CNET Stock

0.82	VSME	VS Media Holdings	Pair Corr
0.69	EPWK	EPWK Holdings	Pair Corr
0.63	HAO	Haoxi Health Technology	Pair Corr
0.88	XHLD	TEN Holdings, Common	Pair Corr
0.77	ILLM	illumin Holdings	Pair Corr
0.81	003010	Guangzhou Ruoyuchen	Pair Corr
0.73	IBTA	Ibotta,	Pair Corr
0.82	SAA	MC Saatchi	Pair Corr
0.88	LDWY	Lendway	Pair Corr

Moving against CNET Stock

0.81	CCO	Clear Channel Outdoor	Pair Corr
0.61	000917	Hunan TV Broadcast	Pair Corr
0.43	603598	Inly Media	Pair Corr
0.32	301313	Guangzhou Frontop Digital	Pair Corr
0.7	TAT	Tartana Minerals	Pair Corr
0.64	INTJ	Intelligent Group	Pair Corr
0.49	300612	Shunya International	Pair Corr
0.42	605168	Threes Company	Pair Corr
0.41	GKO	Geekco Technologies Corp	Pair Corr

Related Correlations Analysis

	BAOS	CMCM	KUKE	ONFO	STFS	CHR	LCFY	HOFV	LDWY	SWAG
BAOS		0.5	0.25	0.31	0.3	0.28	0.49	0.4	0.51	-0.41	BAOS
CMCM	0.5		0.52	0.69	0.59	0.4	0.78	0.75	0.75	-0.33	CMCM
KUKE	0.25	0.52		0.63	0.4	0.33	0.65	0.61	0.68	-0.33	KUKE
ONFO	0.31	0.69	0.63		0.75	0.41	0.69	0.7	0.82	-0.01	ONFO
STFS	0.3	0.59	0.4	0.75		0.44	0.59	0.51	0.74	-0.11	STFS
CHR	0.28	0.4	0.33	0.41	0.44		0.58	0.57	0.53	-0.28	CHR
LCFY	0.49	0.78	0.65	0.69	0.59	0.58		0.86	0.84	-0.38	LCFY
HOFV	0.4	0.75	0.61	0.7	0.51	0.57	0.86		0.77	-0.22	HOFV
LDWY	0.51	0.75	0.68	0.82	0.74	0.53	0.84	0.77		-0.38	LDWY
SWAG	-0.41	-0.33	-0.33	-0.01	-0.11	-0.28	-0.38	-0.22	-0.38		SWAG
	BAOS	CMCM	KUKE	ONFO	STFS	CHR	LCFY	HOFV	LDWY	SWAG

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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

HOFV	+ 0.86	LCFY
LDWY	+ 0.84	LCFY
LDWY	+ 0.82	ONFO
LCFY	+ 0.78	CMCM
LDWY	+ 0.77	HOFV
HOFV	+ 0.75	CMCM

High negative correlations

SWAG	- 0.41	BAOS
SWAG	- 0.38	LDWY
SWAG	- 0.38	LCFY
SWAG	- 0.33	KUKE
SWAG	- 0.33	CMCM
SWAG	- 0.28	CHR

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	4.89	(0.05)	0.01	0.05	5.16	(6.60)	7.58	(7.16)	66.17
CMCM	3.18	(0.56)	0.00	(0.13)	0.00	0.00	7.42	(8.94)	35.79
KUKE	31.51	8.01	0.20	(1.10)	25.62	(55.93)	150.00	(60.00)	382.50
ONFO	4.37	(0.95)	0.00	(0.24)	0.00	0.00	11.69	(9.23)	43.85
STFS	5.49	(1.03)	0.00	(1.13)	0.00	0.00	10.53	(11.11)	59.82
CHR	9.55	(3.43)	0.00	(18.10)	0.00	0.00	20.00	(20.00)	73.19
LCFY	3.12	(1.34)	0.00	(0.46)	0.00	0.00	3.77	(8.40)	28.63
HOFV	5.99	(0.86)	0.00	(10.04)	0.00	0.00	12.50	(13.21)	35.42
LDWY	3.43	(0.46)	0.00	(0.43)	0.00	0.00	7.89	(8.54)	40.34
SWAG	4.21	(0.11)	0.01	0.04	6.29	(4.36)	8.70	(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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