BingEx Correlations

FLX Stock

3.22 0.04 1.26%

The current 90-days correlation between BingEx and Bridger Aerospace Group is 0.3 (i.e., Weak 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

Weak diversification

The correlation between BingEx and DJI is 0.32 (i.e., Weak 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.

Build AI portfolio with BingEx Stock

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 board of governors.

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

Moving together with BingEx Stock

0.62	GVH	Globavend Holdings	Pair Corr
0.61	000099	Citic Offshore Helicopter	Pair Corr

Moving against BingEx Stock

0.56	EXPD	Expeditors International	Pair Corr
0.51	FDX	FedEx	Pair Corr
0.51	FWRD	Forward Air	Pair Corr
0.46	ZTO	ZTO Express	Pair Corr
0.46	TTNM	Titanium Transportation	Pair Corr
0.45	601156	Eastern Air Logistics	Pair Corr
0.42	HUBG	Hub Group	Pair Corr
0.42	CHRW	CH Robinson Worldwide	Pair Corr
0.35	UPS	United Parcel Service	Pair Corr
0.35	UPS	UPS CDR	Pair Corr
0.32	RLGT	Radiant Logistics	Pair Corr
0.59	NRC	National Research Corp	Pair Corr
0.53	TZPC	ThermaFreeze Products	Pair Corr
0.49	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.41	EC	Ecopetrol SA ADR	Pair Corr
0.4	KB	KB Financial Group	Pair Corr
0.4	MEOAF	Melbana Energy	Pair Corr
0.39	RMDFF	Richmond Minerals	Pair Corr
0.38	TLK	Telkom Indonesia Tbk	Pair Corr
0.37	WF	Woori Financial Group	Pair Corr
0.34	SHG	Shinhan Financial	Pair Corr
0.32	FQVLF	First Quantum Minerals	Pair Corr
0.32	STLFF	Stillfront Group	Pair Corr

Related Correlations Analysis

	XCH	SFWL	OPTT	BAER	RYM	CBAT	SHIM	NNBR	SUGP	DHX
XCH		0.07	0.46	-0.16	0.55	0.47	-0.39	0.56	0.41	0.24	XCH
SFWL	0.07		0.15	0.11	0.36	0.05	0.05	0.32	-0.05	0.4	SFWL
OPTT	0.46	0.15		-0.12	0.71	0.66	-0.24	0.84	0.53	0.8	OPTT
BAER	-0.16	0.11	-0.12		-0.41	-0.26	0.06	-0.18	-0.26	0.05	BAER
RYM	0.55	0.36	0.71	-0.41		0.59	-0.07	0.91	0.51	0.7	RYM
CBAT	0.47	0.05	0.66	-0.26	0.59		-0.17	0.55	0.63	0.38	CBAT
SHIM	-0.39	0.05	-0.24	0.06	-0.07	-0.17		-0.18	-0.02	0.02	SHIM
NNBR	0.56	0.32	0.84	-0.18	0.91	0.55	-0.18		0.47	0.84	NNBR
SUGP	0.41	-0.05	0.53	-0.26	0.51	0.63	-0.02	0.47		0.27	SUGP
DHX	0.24	0.4	0.8	0.05	0.7	0.38	0.02	0.84	0.27		DHX
	XCH	SFWL	OPTT	BAER	RYM	CBAT	SHIM	NNBR	SUGP	DHX

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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

NNBR	+ 0.91	RYM
NNBR	+ 0.84	OPTT
DHX	+ 0.84	NNBR
DHX	+ 0.8	OPTT
RYM	+ 0.71	OPTT
DHX	+ 0.7	RYM

High negative correlations

RYM	- 0.41	BAER
SHIM	- 0.39	XCH
SUGP	- 0.26	BAER
CBAT	- 0.26	BAER
SHIM	- 0.24	OPTT
NNBR	- 0.18	SHIM

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
XCH	7.28	0.68	0.07	(0.70)	7.80	(9.88)	15.79	(10.66)	122.83
SFWL	3.01	(0.16)	0.00	(5.20)	0.00	0.00	3.90	(7.14)	43.33
OPTT	4.83	(0.65)	0.00	(0.12)	0.00	0.00	7.69	(8.82)	48.21
BAER	2.85	(0.08)	0.00	0.02	3.29	(3.53)	7.51	(5.35)	17.28
RYM	5.96	(0.71)	0.00	0.50	0.00	0.00	11.54	(15.38)	63.12
CBAT	2.76	(0.11)	(0.01)	0.01	2.97	(3.39)	4.55	(4.20)	22.75
SHIM	3.56	0.23	0.05	0.99	3.67	(4.96)	12.26	(5.68)	26.47
NNBR	3.27	(0.66)	0.00	(0.36)	0.00	0.00	6.29	(5.22)	21.64
SUGP	7.27	0.74	0.10	0.91	6.72	(9.33)	20.21	(12.45)	69.41
DHX	2.39	(0.78)	0.00	(3.48)	0.00	0.00	4.35	(5.99)	13.34

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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