BingEx Correlations

FLX Stock

7.96 0.25 3.05%

The current 90-days correlation between BingEx and Datadog is 0.08 (i.e., Significant diversification). The correlation of BingEx 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.

BingEx Correlation With Market

Good diversification

The correlation between BingEx and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BingEx 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 BingEx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy BingEx Stock please use our How to Invest in BingEx guide.

Moving together with BingEx Stock

0.74	GVH	Globavend Holdings	Pair Corr
0.89	ZTO	ZTO Express	Pair Corr
0.8	PSIG	PS International	Pair Corr
0.7	CRGOW	Freightos Limited	Pair Corr
0.8	SFWL	Shengfeng Development	Pair Corr
0.69	BTOC	Armlogi Holding Corp	Pair Corr
0.61	BW	Babcock Wilcox Enter	Pair Corr

Moving against BingEx Stock

0.54	JYD	Jayud Global Logistics Buyout Trend	Pair Corr
0.39	HUBG	Hub Group	Pair Corr
0.38	FDX	FedEx	Pair Corr
0.34	PAL	Proficient Auto Logi	Pair Corr
0.73	BE	Bloom Energy Corp	Pair Corr
0.72	CRGO	Freightos Limited Trending	Pair Corr
0.69	BR	Broadridge Financial	Pair Corr
0.62	R	Ryder System	Pair Corr
0.61	G	Genpact Limited	Pair Corr
0.55	AL	Air Lease	Pair Corr
0.48	AZ	A2Z Smart Technologies	Pair Corr
0.47	B	Barnes Group Earnings Call This Week	Pair Corr
0.37	AP	Ampco Pittsburgh	Pair Corr
0.34	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.62	KC	Kingsoft Cloud Holdings	Pair Corr
0.56	HI	Hillenbrand	Pair Corr

Related Correlations Analysis

	STSFF	MMSI	NTSGF	APGE	DDOG	CAH	DH
STSFF		-0.15	-0.35	-0.41	0.02	0.28	-0.43	STSFF
MMSI	-0.15		0.18	-0.24	0.45	0.63	0.4	MMSI
NTSGF	-0.35	0.18		0.29	-0.14	-0.12	0.32	NTSGF
APGE	-0.41	-0.24	0.29		-0.55	-0.58	0.21	APGE
DDOG	0.02	0.45	-0.14	-0.55		0.51	0.43	DDOG
CAH	0.28	0.63	-0.12	-0.58	0.51		0.1	CAH
DH	-0.43	0.4	0.32	0.21	0.43	0.1		DH
	STSFF	MMSI	NTSGF	APGE	DDOG	CAH	DH

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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

CAH	+ 0.63	MMSI
CAH	+ 0.51	DDOG
DDOG	+ 0.45	MMSI
DH	+ 0.43	DDOG
DH	+ 0.4	MMSI
DH	+ 0.32	NTSGF

High negative correlations

CAH	- 0.58	APGE
DDOG	- 0.55	APGE
DH	- 0.43	STSFF
APGE	- 0.41	STSFF
NTSGF	- 0.35	STSFF
APGE	- 0.24	MMSI

Risk-Adjusted Indicators

There is a big difference between BingEx Stock performing well and BingEx 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 BingEx'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
STSFF	0.25	0.11	0.00	2.40	0.00	0.00	0.56	0.00	5.56
MMSI	0.97	0.10	0.08	0.25	1.08	(1.06)	2.38	(2.02)	7.20
NTSGF	1.85	(0.15)	0.00	6.54	0.00	0.00	5.41	(5.36)	30.87
APGE	3.26	(0.55)	0.00	(0.47)	0.00	0.00	5.29	(9.12)	29.03
DDOG	1.90	0.12	0.05	0.47	2.18	(1.98)	5.91	(4.06)	12.05
CAH	1.04	0.19	0.12	0.68	1.20	(1.09)	2.28	(2.07)	10.65
DH	1.84	(0.16)	0.00	(1.72)	0.00	0.00	3.86	(4.06)	12.70

BingEx Corporate Executives

Elected by the shareholders, the BingEx's board of directors comprises two types of representatives: BingEx inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BingEx. The board's role is to monitor BingEx's management team and ensure that shareholders' interests are well served. BingEx's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BingEx's outside directors are responsible for providing unbiased perspectives on the board's policies.

Hongjian Yu

Executive CoFounder

Profile

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