High Templar Correlations

HTT Stock

2.68 0.01 0.37%

The current 90-days correlation between High Templar Tech and Lexinfintech Holdings is 0.47 (i.e., Very weak diversification). The correlation of High Templar 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.

High Templar Correlation With Market

Pay attention - limited upside

The correlation between High Templar Tech and DJI is -0.86 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding High Templar Tech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with High Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in High Templar Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with High Stock

0.8	LX	Lexinfintech Holdings	Pair Corr
0.73	HYQ	Hypoport SE	Pair Corr
0.98	1QU	Qudian Inc	Pair Corr
0.74	WRLD	World Acceptance	Pair Corr
0.75	HYQ	Hypoport SE	Pair Corr
0.78	PYPL	PayPal Holdings CDR	Pair Corr
0.67	SLM	SLM Corp	Pair Corr

Moving against High Stock

0.94	SUS	SU plc	Pair Corr
0.88	3I8	International Personal	Pair Corr
0.81	FCFS	FirstCash	Pair Corr
0.77	EZPW	EZCORP Inc Normal Trading	Pair Corr
0.73	ECPG	Encore Capital Group	Pair Corr
0.73	FA	Fountain Asset Corp	Pair Corr
0.56	LU	Lufax Holding	Pair Corr
0.53	FINV	FinVolution Group	Pair Corr
0.51	CFXE	CAPITAL ONE FIN	Pair Corr
0.49	ENVA	Enova International	Pair Corr
0.48	2D5	CRED ACC P	Pair Corr
0.33	FRS	FORIS AG	Pair Corr
0.32	BFH	Bread Financial Holdings	Pair Corr
0.87	JSE	Japan Securities Finance	Pair Corr
0.85	B28	B2Holding ASA	Pair Corr
0.8	5B4	MITSUBISHI HC CAPITAL	Pair Corr
0.79	EZ2A	EZCORP Inc	Pair Corr
0.77	PRG	PROG Holdings	Pair Corr
0.77	W3U	Western Union	Pair Corr
0.76	CGG	Shougang Concord Grand	Pair Corr
0.62	6DR	HARMONEY P LTD	Pair Corr
0.6	B5D1	TIME FINANCE LS	Pair Corr

Related Correlations Analysis

	LX	ATLC	NRDS	WRLD	BOW	ESQ	TIGR	BBDC	CFFN	HAFC
LX		0.59	0.73	0.75	0.73	-0.67	0.42	-0.34	-0.69	0.22	LX
ATLC	0.59		0.6	0.65	0.72	-0.22	0.68	0.12	-0.45	0.44	ATLC
NRDS	0.73	0.6		0.78	0.65	-0.49	0.56	-0.26	-0.81	0.46	NRDS
WRLD	0.75	0.65	0.78		0.63	-0.57	0.47	-0.25	-0.69	0.44	WRLD
BOW	0.73	0.72	0.65	0.63		-0.43	0.32	-0.33	-0.41	0.26	BOW
ESQ	-0.67	-0.22	-0.49	-0.57	-0.43		-0.25	0.35	0.64	0.19	ESQ
TIGR	0.42	0.68	0.56	0.47	0.32	-0.25		0.39	-0.66	0.2	TIGR
BBDC	-0.34	0.12	-0.26	-0.25	-0.33	0.35	0.39		0.11	0.13	BBDC
CFFN	-0.69	-0.45	-0.81	-0.69	-0.41	0.64	-0.66	0.11		-0.25	CFFN
HAFC	0.22	0.44	0.46	0.44	0.26	0.19	0.2	0.13	-0.25		HAFC
	LX	ATLC	NRDS	WRLD	BOW	ESQ	TIGR	BBDC	CFFN	HAFC

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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

WRLD	+ 0.78	NRDS
WRLD	+ 0.75	LX
NRDS	+ 0.73	LX
BOW	+ 0.73	LX
BOW	+ 0.72	ATLC
TIGR	+ 0.68	ATLC

High negative correlations

CFFN	- 0.81	NRDS
CFFN	- 0.69	WRLD
CFFN	- 0.69	LX
ESQ	- 0.67	LX
CFFN	- 0.66	TIGR
ESQ	- 0.57	WRLD

Risk-Adjusted Indicators

There is a big difference between High Stock performing well and High Templar 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 High Templar'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
LX	2.13	(0.31)	0.00	(0.36)	0.00	0.00	6.04	(3.99)	17.52
ATLC	2.31	(0.20)	0.00	(0.01)	0.00	0.00	4.77	(5.55)	14.61
NRDS	2.49	(0.46)	0.00	(0.22)	0.00	0.00	4.14	(5.68)	13.16
WRLD	2.44	(0.18)	0.00	(0.01)	0.00	0.00	4.48	(5.39)	23.16
BOW	1.79	(0.12)	0.00	(0.45)	0.00	0.00	2.94	(4.28)	11.67
ESQ	1.62	(0.08)	(0.03)	0.02	1.95	(1.76)	3.91	(3.58)	9.78
TIGR	2.24	(0.17)	0.00	(0.03)	0.00	0.00	5.44	(4.84)	16.96
BBDC	0.88	(0.08)	0.00	(0.06)	0.00	0.00	1.49	(2.24)	5.75
CFFN	1.25	0.12	0.07	0.21	1.46	(1.46)	2.85	(2.47)	10.77
HAFC	1.34	(0.11)	0.00	(0.03)	0.00	0.00	3.27	(2.05)	18.20

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