Dada Nexus Correlations

DADADelisted Stock

USD 1.96 0.01 0.51%

The current 90-days correlation between Dada Nexus and Beyond is 0.11 (i.e., Average diversification). The correlation of Dada Nexus 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.

Dada Nexus Correlation With Market

Poor diversification

The correlation between Dada Nexus and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dada Nexus and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with Dada Stock

0.73	CYD	China Yuchai Interna	Pair Corr
0.91	TATT	Tat Techno	Pair Corr
0.9	BLAGF	Blue Lagoon Resources	Pair Corr
0.76	SLSR	Solaris Resources	Pair Corr
0.78	NTZ	Natuzzi SpA	Pair Corr
0.74	BNEFF	Bonterra Energy Corp	Pair Corr
0.63	GRBK	Green Brick Partners	Pair Corr
0.66	JOE	St Joe Company	Pair Corr
0.82	INTC	Intel	Pair Corr
0.63	MEEEF	Metal Energy Corp	Pair Corr
0.61	BBDO	Banco Bradesco SA	Pair Corr
0.73	GS	Goldman Sachs Group	Pair Corr
0.77	CGECF	Cogeco Inc	Pair Corr
0.81	TOGOF	TomaGold	Pair Corr
0.83	YLLXF	Yellow Cake plc Downward Rally	Pair Corr
0.76	MTGRF	Mount Gibson Iron Earnings Call Today	Pair Corr
0.64	TORO	Toro	Pair Corr

Moving against Dada Stock

0.63	AFIIQ	Armstrong Flooring	Pair Corr
0.42	WELL	Welltower Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	BYON	EMPD	ALLGF	TAST	AGS	AIIO	GTX	FTCH	QVCGA
BYON		-0.47	0.0	0.0	0.68	-0.8	0.57	0.0	0.27	BYON
EMPD	-0.47		0.0	0.0	-0.44	0.59	-0.48	0.0	-0.14	EMPD
ALLGF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ALLGF
TAST	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TAST
AGS	0.68	-0.44	0.0	0.0		-0.9	0.86	0.0	-0.11	AGS
AIIO	-0.8	0.59	0.0	0.0	-0.9		-0.85	0.0	-0.07	AIIO
GTX	0.57	-0.48	0.0	0.0	0.86	-0.85		0.0	-0.28	GTX
FTCH	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FTCH
QVCGA	0.27	-0.14	0.0	0.0	-0.11	-0.07	-0.28	0.0		QVCGA
	BYON	EMPD	ALLGF	TAST	AGS	AIIO	GTX	FTCH	QVCGA

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

GTX	+ 0.86	AGS
AGS	+ 0.68	BYON
AIIO	+ 0.59	EMPD
GTX	+ 0.57	BYON
QVCGA	+ 0.27	BYON
ALLGF	+ 0.0	BYON

High negative correlations

AIIO	- 0.9	AGS
GTX	- 0.85	AIIO
AIIO	- 0.8	BYON
GTX	- 0.48	EMPD
EMPD	- 0.47	BYON
AGS	- 0.44	EMPD

Risk-Adjusted Indicators

There is a big difference between Dada Stock performing well and Dada Nexus 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 Dada Nexus' 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
BYON	4.53	0.85	0.17	(3.21)	4.06	(5.33)	11.17	(7.40)	32.14
EMPD	4.00	(0.86)	0.00	(0.21)	0.00	0.00	6.42	(9.46)	35.01
ALLGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TAST	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGS	0.23	0.04	(0.06)	(1.77)	0.29	(0.25)	0.49	(0.50)	1.85
AIIO	5.71	(2.07)	0.00	3.30	0.00	0.00	8.33	(12.86)	75.86
GTX	1.43	0.24	0.16	0.26	1.33	(1.74)	3.18	(2.62)	8.07
FTCH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QVCGA	6.10	0.15	0.01	0.22	12.97	(6.14)	14.97	(9.85)	88.94

Dada Nexus Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Dada Nexus stock to make a market-neutral strategy. Peer analysis of Dada Nexus could also be used in its relative valuation, which is a method of valuing Dada Nexus by comparing valuation metrics with similar companies.

Beyond Empery Digital Alligator Bioscience AB Carrols Restaurant Group PlayAGS Roboai Inc Garrett Motion Farfetch Ltd Class QVC Group American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

Dada Nexus Corporate Management

Zhaoming Chen	Chief Officer	Profile
Henry Mao	Chief Officer	Profile
Caroline Dong	Head Relations	Profile
Jun Yang	CoFounder CTO	Profile

Still Interested in Dada Nexus?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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