ZW Data Correlations

CNET Stock

USD 1.48 0.09 5.73%

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

Good diversification

The correlation between ZW Data Action and DJI is -0.01 (i.e., Good 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.

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 income.

Moving together with CNET Stock

0.81	TC	TuanChe ADR	Pair Corr
0.77	DRCT	Direct Digital Holdings	Pair Corr
0.77	VSME	VS Media Holdings	Pair Corr
0.64	ANGHW	Anghami Warrants	Pair Corr
0.73	WIMI	WiMi Hologram Cloud	Pair Corr
0.81	ADD	Color Star Technology	Pair Corr
0.72	ADV	Advantage Solutions	Pair Corr
0.83	AMC	AMC Entertainment	Pair Corr
0.68	CCO	Clear Channel Outdoor	Pair Corr
0.67	CHR	Cheer Holding	Pair Corr
0.7	CNK	Cinemark Holdings	Pair Corr
0.61	DIS	Walt Disney	Pair Corr
0.69	DUO	Fangdd Network Group	Pair Corr
0.76	EEX	Emerald Expositions	Pair Corr
0.61	EVC	Entravision Communications	Pair Corr
0.77	GCI	Gannett	Pair Corr
0.76	HAO	Haoxi Health Technology	Pair Corr
0.8	LEE	Lee Enterprises	Pair Corr
0.77	LVO	LiveOne	Pair Corr
0.67	MCS	Marcus	Pair Corr

Moving against CNET Stock

0.69	SE	Sea	Pair Corr
0.57	BATRA	Atlanta Braves Holdings,	Pair Corr
0.53	BATRK	Atlanta Braves Holdings,	Pair Corr
0.47	IQ	iQIYI Inc	Pair Corr
0.32	CURIW	CuriosityStream	Pair Corr
0.6	GTN	Gray Television	Pair Corr
0.58	FOXA	Fox Corp Class	Pair Corr
0.52	FOX	Fox Corp Class	Pair Corr
0.34	OCG	Oriental Culture Holding	Pair Corr
0.31	PSO	Pearson PLC ADR	Pair Corr

Related Correlations Analysis

	MOXC	FLNT	GSMG	SRAX	MOBQ	QNST	DRCT	DMS
MOXC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MOXC
FLNT	0.0		0.0	0.0	0.0	0.76	0.49	0.0	FLNT
GSMG	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GSMG
SRAX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SRAX
MOBQ	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MOBQ
QNST	0.0	0.76	0.0	0.0	0.0		0.68	0.0	QNST
DRCT	0.0	0.49	0.0	0.0	0.0	0.68		0.0	DRCT
DMS	0.0	0.0	0.0	0.0	0.0	0.0	0.0		DMS
	MOXC	FLNT	GSMG	SRAX	MOBQ	QNST	DRCT	DMS

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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

QNST	+ 0.76	FLNT
DRCT	+ 0.68	QNST
DRCT	+ 0.49	FLNT
FLNT	+ 0.0	MOXC
GSMG	+ 0.0	MOXC
SRAX	+ 0.0	MOXC

High negative correlations

DMS	- 0.0	DRCT
DMS	- 0.0	QNST
DMS	- 0.0	MOBQ
DRCT	- 0.0	MOBQ
QNST	- 0.0	MOBQ
DMS	- 0.0	SRAX

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MOXC	0.00	0.00	0.00	0.00	0.00	0.00
FLNT	2.62	(0.03)	(0.12)	5.39	(4.75)	24.39
GSMG	0.00	0.00	0.00	0.00	0.00	0.00
SRAX	0.00	0.00	0.00	0.00	0.00	0.00
MOBQ	0.00	0.00	0.00	0.00	0.00	0.00
QNST	2.06	(0.35)	(0.27)	3.34	(4.47)	16.28
DRCT	6.46	(1.38)	(3.34)	7.87	(12.63)	115.63
DMS	0.00	0.00	0.00	0.00	0.00	0.00

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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