Didi Global Correlations

Summary

DIDIYDelisted Stock

USD 4.35 0.00 0.00%

The current 90-days correlation between Didi Global ADR and Unity Software is -0.08 (i.e., Good diversification). The correlation of Didi Global 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.

Didi Global Correlation With Market

Good diversification

The correlation between Didi Global ADR and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Didi Global ADR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Didi Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Didi Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Didi Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Didi Global ADR to buy it.

Moving together with Didi Pink Sheet

0.75	AZ	A2Z Smart Technologies	Pair Corr
0.71	BL	Blackline	Pair Corr
0.63	WK	Workiva	Pair Corr
0.7	ZM	Zoom Video Communications Earnings Call Today	Pair Corr
0.73	DOCU	DocuSign	Pair Corr
0.67	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.67	VERX	Vertex	Pair Corr
0.71	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.68	DUOL	Duolingo	Pair Corr
0.77	DUOT	Duos Technologies Downward Rally	Pair Corr
0.64	EGHT	8x8 Common Stock	Pair Corr
0.62	ENFN	Enfusion	Pair Corr

Moving against Didi Pink Sheet

0.65	DMAN	Innovativ Media Group	Pair Corr
0.56	VCSA	Vacasa Inc	Pair Corr
0.4	VERB	VERB TECHNOLOGY PANY Trending	Pair Corr
0.76	ELCO	Elcom International	Pair Corr
0.74	ETWO	E2open Parent Holdings	Pair Corr
0.71	EZFL	EzFill Holdings	Pair Corr
0.67	EVOL	Evolving Systems	Pair Corr
0.46	ILLRW	Triller Group Symbol Change	Pair Corr
0.43	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.33	SBIGW	SpringBig Holdings	Pair Corr

Related Correlations Analysis

	LYFT	U	UBER	APPS	ZM	SNOW	WDAY	AI	YMM	MCLD
LYFT		0.3	-0.08	-0.79	0.91	0.63	0.41	0.72	0.44	0.05	LYFT
U	0.3		0.51	-0.05	0.15	0.31	-0.42	0.45	0.76	0.57	U
UBER	-0.08	0.51		0.52	-0.21	-0.08	-0.58	0.03	0.44	0.43	UBER
APPS	-0.79	-0.05	0.52		-0.67	-0.54	-0.59	-0.52	-0.14	0.18	APPS
ZM	0.91	0.15	-0.21	-0.67		0.68	0.5	0.74	0.33	-0.05	ZM
SNOW	0.63	0.31	-0.08	-0.54	0.68		0.44	0.9	0.36	-0.09	SNOW
WDAY	0.41	-0.42	-0.58	-0.59	0.5	0.44		0.29	-0.41	-0.56	WDAY
AI	0.72	0.45	0.03	-0.52	0.74	0.9	0.29		0.53	0.03	AI
YMM	0.44	0.76	0.44	-0.14	0.33	0.36	-0.41	0.53		0.73	YMM
MCLD	0.05	0.57	0.43	0.18	-0.05	-0.09	-0.56	0.03	0.73		MCLD
	LYFT	U	UBER	APPS	ZM	SNOW	WDAY	AI	YMM	MCLD

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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

ZM	+ 0.91	LYFT
AI	+ 0.9	SNOW
YMM	+ 0.76	U
AI	+ 0.74	ZM
MCLD	+ 0.73	YMM
AI	+ 0.72	LYFT

High negative correlations

APPS	- 0.79	LYFT
ZM	- 0.67	APPS
WDAY	- 0.59	APPS
WDAY	- 0.58	UBER
MCLD	- 0.56	WDAY
SNOW	- 0.54	APPS

Risk-Adjusted Indicators

There is a big difference between Didi Pink Sheet performing well and Didi Global 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 Didi Global'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
LYFT	2.41	0.48	0.22	0.48	1.90	(2.86)	4.88	(3.31)	27.37
U	3.33	0.32	0.13	0.27	3.29	(3.78)	8.52	(5.61)	17.78
UBER	1.60	(0.14)	0.00	(0.02)	0.00	0.00	2.69	(2.44)	20.10
APPS	5.20	(1.22)	0.00	(0.35)	0.00	0.00	11.94	(8.47)	62.66
ZM	1.37	0.24	0.14	0.36	1.34	(1.50)	2.97	(2.72)	7.89
SNOW	2.09	0.40	0.24	0.32	1.62	(2.32)	4.20	(3.40)	8.92
WDAY	1.36	0.10	0.08	0.21	1.30	(1.55)	2.97	(1.91)	16.94
AI	2.52	0.51	0.21	0.39	2.23	(2.79)	6.94	(5.04)	26.01
YMM	2.33	0.29	0.10	0.57	2.19	(3.12)	5.58	(3.79)	16.27
MCLD	7.03	0.31	0.02	0.91	8.81	(9.30)	19.15	(13.79)	56.20

View Didi Global Related Equities

LYFT Inc Unity Software Uber Technologies Digital Turbine Zoom Video Communications Snowflake Workday C3 Ai Inc Full Truck Alliance MCloud Technologies Corp Domo Inc Latch Inc WeTrade Group Ordinary Exela Technologies CXApp Inc

Risk & Return

Correlation

Didi Global Corporate Management

Shu Sun	Chief Hailing	Profile
Qing Liu	Ex CoFounder	Profile
Min Li	VP Communications	Profile
Jingshi Zhu	Sr Director	Profile
Wei Cheng	Ex Founder	Profile
Rui Wu	CoFounder Compliance	Profile
Peng Xu	VP Markets	Profile

Still Interested in Didi Global ADR?

Investing in delisted pink sheets can be risky, as the pink sheet 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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