Youdao Correlations

DAO Stock

USD 5.18 0.03 0.58%

The current 90-days correlation between Youdao Inc and American Public Education is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Youdao moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Youdao Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Youdao Correlation With Market

Good diversification

The correlation between Youdao Inc and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Youdao Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Youdao Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Youdao Stock

0.72	JZ	Jianzhi Education	Pair Corr
0.94	QSG	QuantaSing Group	Pair Corr
0.87	TAL	TAL Education Group	Pair Corr
0.66	LTRE	Learning Tree Intern	Pair Corr
0.92	AACG	ATA Creativity Global	Pair Corr

Moving against Youdao Stock

0.69	GV	Visionary Education	Pair Corr
0.62	EDTK	Skillful Craftsman	Pair Corr
0.37	GNS	Genius Group	Pair Corr
0.89	GSUN	Golden Sun Education	Pair Corr
0.67	ZVOI	Zovio Inc	Pair Corr
0.77	ASPU	Aspen Group	Pair Corr
0.7	COUR	Coursera	Pair Corr
0.59	CHGG	Chegg Inc Buyout Trend	Pair Corr
0.33	STRA	Strategic Education	Pair Corr

Related Correlations Analysis

	APEI	LINC	ATGE
APEI		0.85	0.85	APEI
LINC	0.85		0.95	LINC
ATGE	0.85	0.95		ATGE
	APEI	LINC	ATGE

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Risk-Adjusted Indicators

There is a big difference between Youdao Stock performing well and Youdao 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 Youdao'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
APEI	2.14	0.23	0.14	0.23	2.19	(2.47)	6.03	(3.55)	21.66
LINC	1.85	0.18	0.15	0.20	1.86	(2.17)	3.65	(4.04)	14.22
ATGE	1.45	0.13	0.10	0.20	1.61	(1.60)	2.81	(2.83)	15.11

Youdao Corporate Management

Lei Ding	Director	Profile
Renlei Liu	Vice President - Marketing	Profile
Lei Jin	Vice President	Profile
Jeffrey Wang	Investor Director	Profile
Yongwei Li	VP Controller	Profile
Heung Shum	Independent Director	Profile

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