FinVolution Correlations

FINV Stock

USD 5.18 0.08 1.52%

The current 90-days correlation between FinVolution Group and 360 Finance is 0.77 (i.e., Poor diversification). The correlation of FinVolution 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.

FinVolution Correlation With Market

Average diversification

The correlation between FinVolution Group and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FinVolution Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FinVolution Stock

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

Moving against FinVolution Stock

0.83	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.76	WSFS	WSFS Financial	Pair Corr
0.69	ATI	Allegheny Technologies	Pair Corr
0.64	ACN	Accenture plc	Pair Corr
0.62	ACR-PC	ACRES Commercial Realty	Pair Corr
0.61	F	Ford Motor	Pair Corr
0.6	NMIH	NMI Holdings	Pair Corr
0.59	KB	KB Financial Group	Pair Corr
0.59	WF	Woori Financial Group	Pair Corr
0.58	BOF	BranchOut Food Common	Pair Corr
0.55	SHG	Shinhan Financial	Pair Corr
0.54	AXP	American Express	Pair Corr
0.44	PTBRY	Bank Negara Indonesia Normal Trading	Pair Corr
0.38	ASXSF	Elysee Development Corp	Pair Corr

Related Correlations Analysis

	QFIN	LU	QD	XYF	ATLCP	IX	AGM	ENVA	YRD	LX
QFIN		0.86	-0.17	0.89	-0.62	-0.77	-0.68	-0.75	0.92	0.92	QFIN
LU	0.86		-0.43	0.73	-0.32	-0.55	-0.55	-0.57	0.8	0.81	LU
QD	-0.17	-0.43		-0.23	-0.25	-0.05	0.3	0.04	-0.21	-0.23	QD
XYF	0.89	0.73	-0.23		-0.73	-0.91	-0.86	-0.85	0.97	0.9	XYF
ATLCP	-0.62	-0.32	-0.25	-0.73		0.88	0.69	0.82	-0.71	-0.64	ATLCP
IX	-0.77	-0.55	-0.05	-0.91	0.88		0.84	0.94	-0.89	-0.8	IX
AGM	-0.68	-0.55	0.3	-0.86	0.69	0.84		0.81	-0.82	-0.77	AGM
ENVA	-0.75	-0.57	0.04	-0.85	0.82	0.94	0.81		-0.87	-0.78	ENVA
YRD	0.92	0.8	-0.21	0.97	-0.71	-0.89	-0.82	-0.87		0.92	YRD
LX	0.92	0.81	-0.23	0.9	-0.64	-0.8	-0.77	-0.78	0.92		LX
	QFIN	LU	QD	XYF	ATLCP	IX	AGM	ENVA	YRD	LX

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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

YRD	+ 0.97	XYF
ENVA	+ 0.94	IX
YRD	+ 0.92	QFIN
LX	+ 0.92	QFIN
LX	+ 0.92	YRD
LX	+ 0.9	XYF

High negative correlations

IX	- 0.91	XYF
YRD	- 0.89	IX
YRD	- 0.87	ENVA
AGM	- 0.86	XYF
ENVA	- 0.85	XYF
YRD	- 0.82	AGM

Risk-Adjusted Indicators

There is a big difference between FinVolution Stock performing well and FinVolution 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 FinVolution'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
QFIN	2.32	(0.73)	0.00	(0.78)	0.00	0.00	2.84	(5.69)	27.66
LU	2.05	(0.64)	0.00	(0.47)	0.00	0.00	2.80	(4.81)	16.24
QD	2.58	0.03	(0.03)	(0.03)	3.41	(2.68)	4.82	(6.62)	17.86
XYF	2.62	(1.23)	0.00	(1.64)	0.00	0.00	4.00	(6.10)	19.69
ATLCP	0.40	0.04	(0.11)	0.80	0.37	(0.44)	0.85	(0.84)	2.64
IX	0.95	0.23	0.19	0.34	0.83	(1.12)	1.83	(1.66)	7.42
AGM	1.20	(0.01)	(0.01)	0.09	1.59	(1.32)	2.36	(2.85)	9.39
ENVA	1.80	0.63	0.28	1.55	1.34	(1.98)	4.24	(2.81)	13.77
YRD	1.98	(0.72)	0.00	(0.53)	0.00	0.00	3.77	(3.75)	13.29
LX	3.02	(0.59)	0.00	(1.60)	0.00	0.00	4.39	(8.84)	34.72

FinVolution Corporate Management

Bing Xiang	Independent Director	Profile
Yam Cheng	Head Markets	Profile
Tiezheng Li	President Vice Chairman of the Board, Co-Founder	Profile
Aayush Jhunjhunwala	Chief Officer	Profile
Shaofeng Gu	Chairman of the Board, Co-Founder, Chief Innovation Officer	Profile

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