BingEx Correlations

FLX Stock

3.16 0.04 1.28%

The current 90-days correlation between BingEx and Bridger Aerospace Group is 0.19 (i.e., Average 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

Very good diversification

The correlation between BingEx and DJI is -0.23 (i.e., Very 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.

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 bureau of economic analysis.

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

Moving against BingEx Stock

0.77	CTKB	Cytek Biosciences	Pair Corr
0.73	H	Hyatt Hotels	Pair Corr
0.67	EXPD	Expeditors International	Pair Corr
0.51	ZTO	ZTO Express	Pair Corr
0.5	CHRW	CH Robinson Worldwide	Pair Corr
0.45	UPS	United Parcel Service	Pair Corr
0.45	MBGAF	Mercedes Benz Group	Pair Corr
0.38	I9V	TITANIUM TRANSPORTGROUP	Pair Corr
0.31	FHRT	First Hartford	Pair Corr
0.63	EPD	Enterprise Products Earnings Call Today	Pair Corr
0.5	TTFNF	TotalEnergies SE	Pair Corr
0.47	FRFC	First Robinson Financial	Pair Corr
0.47	SPGX	Sustainable Projects	Pair Corr
0.45	CHOLF	China Oilfield Services	Pair Corr
0.41	CUEN	Cuentas	Pair Corr
0.34	SLB	Schlumberger NV Sell-off Trend	Pair Corr
0.33	210518DE3	US210518DE35	Pair Corr

Related Correlations Analysis

	XCH	SFWL	OPTT	BAER	RYM	CBAT	SHIM	NNBR	SUGP	DHX
XCH		0.07	0.16	-0.43	0.76	0.54	-0.57	0.62	0.3	0.47	XCH
SFWL	0.07		0.05	0.07	0.14	-0.01	0.11	0.09	-0.03	-0.01	SFWL
OPTT	0.16	0.05		0.52	0.07	-0.12	0.15	0.54	0.1	0.55	OPTT
BAER	-0.43	0.07	0.52		-0.45	-0.71	0.79	0.17	-0.05	-0.09	BAER
RYM	0.76	0.14	0.07	-0.45		0.52	-0.45	0.66	0.16	0.44	RYM
CBAT	0.54	-0.01	-0.12	-0.71	0.52		-0.67	0.12	0.38	0.28	CBAT
SHIM	-0.57	0.11	0.15	0.79	-0.45	-0.67		-0.1	0.01	-0.43	SHIM
NNBR	0.62	0.09	0.54	0.17	0.66	0.12	-0.1		0.2	0.66	NNBR
SUGP	0.3	-0.03	0.1	-0.05	0.16	0.38	0.01	0.2		0.04	SUGP
DHX	0.47	-0.01	0.55	-0.09	0.44	0.28	-0.43	0.66	0.04		DHX
	XCH	SFWL	OPTT	BAER	RYM	CBAT	SHIM	NNBR	SUGP	DHX

Please upgrade your account to get full access to Macroaxis premium features

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

SHIM	+ 0.79	BAER
RYM	+ 0.76	XCH
NNBR	+ 0.66	RYM
DHX	+ 0.66	NNBR
NNBR	+ 0.62	XCH
DHX	+ 0.55	OPTT

High negative correlations

CBAT	- 0.71	BAER
SHIM	- 0.67	CBAT
SHIM	- 0.57	XCH
SHIM	- 0.45	RYM
RYM	- 0.45	BAER
DHX	- 0.43	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	4.33	(0.58)	0.00	(1.80)	0.00	0.00	8.76	(8.50)	32.99
SFWL	2.95	0.14	0.02	(2.34)	3.78	(4.57)	5.56	(5.21)	43.33
OPTT	5.94	0.18	0.03	0.09	6.95	(7.85)	22.81	(9.52)	38.97
BAER	3.58	0.87	0.24	0.94	2.84	(4.79)	10.84	(5.35)	19.74
RYM	5.72	(0.93)	0.00	1.78	0.00	0.00	10.94	(15.38)	63.12
CBAT	1.80	(0.30)	0.00	(0.33)	0.00	0.00	2.38	(3.30)	7.92
SHIM	4.23	0.84	0.20	0.44	4.01	(5.57)	12.69	(6.83)	26.47
NNBR	3.24	(0.34)	0.00	(0.31)	0.00	0.00	5.43	(5.59)	21.64
SUGP	6.19	(0.01)	0.00	0.01	6.08	(8.53)	17.52	(9.68)	43.26
DHX	2.49	(0.21)	0.00	(1.01)	0.00	0.00	4.44	(5.06)	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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC