Huize Holding Correlations

HUIZ Stock

USD 3.40 0.08 2.41%

The current 90-days correlation between Huize Holding and CorVel Corp is 0.1 (i.e., Average diversification). The correlation of Huize Holding 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.

Huize Holding Correlation With Market

Good diversification

The correlation between Huize Holding and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huize Holding and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Huize Stock

0.75	EHTH	eHealth	Pair Corr
0.7	SLQT	Selectquote Earnings Call This Week	Pair Corr

Moving against Huize Stock

0.82	ZBAO	Zhibao Technology Class	Pair Corr
0.79	BWIN	Baldwin Insurance Symbol Change	Pair Corr
0.77	MMC	Marsh McLennan Companies	Pair Corr
0.76	TWFG	TWFG, Class A	Pair Corr
0.74	BRO	Brown Brown	Pair Corr
0.71	AON	Aon PLC Earnings Call This Week	Pair Corr
0.57	ERIE	Erie Indemnity	Pair Corr
0.54	AIFU	Fanhua Inc Symbol Change	Pair Corr
0.48	AJG	Arthur J Gallagher	Pair Corr
0.34	RELIW	Reliance Global Group	Pair Corr
0.74	CB	Chubb Sell-off Trend	Pair Corr
0.58	DHIL	Diamond Hill Investment	Pair Corr
0.52	EG	Everest Group Earnings Call This Week	Pair Corr
0.43	FG	FG Annuities Life	Pair Corr
0.39	IX	Orix Corp Ads Earnings Call This Week	Pair Corr
0.37	AC	Associated Capital Earnings Call This Week	Pair Corr
0.35	AX	Axos Financial	Pair Corr

Related Correlations Analysis

	CRVL	ERIE	CRD-B	EHTH	FANH	CRD-A	BRP	BRO	AJG	RELI
CRVL		-0.09	-0.1	-0.16	-0.55	0.39	-0.62	0.58	0.6	-0.59	CRVL
ERIE	-0.09		-0.09	-0.65	-0.13	-0.06	-0.07	0.32	0.2	-0.05	ERIE
CRD-B	-0.1	-0.09		0.16	0.28	0.71	0.37	0.14	0.09	0.31	CRD-B
EHTH	-0.16	-0.65	0.16		0.28	0.05	0.41	-0.6	-0.27	0.41	EHTH
FANH	-0.55	-0.13	0.28	0.28		0.1	0.24	-0.13	-0.05	0.32	FANH
CRD-A	0.39	-0.06	0.71	0.05	0.1		-0.16	0.51	0.59	-0.09	CRD-A
BRP	-0.62	-0.07	0.37	0.41	0.24	-0.16		-0.62	-0.67	0.6	BRP
BRO	0.58	0.32	0.14	-0.6	-0.13	0.51	-0.62		0.83	-0.45	BRO
AJG	0.6	0.2	0.09	-0.27	-0.05	0.59	-0.67	0.83		-0.43	AJG
RELI	-0.59	-0.05	0.31	0.41	0.32	-0.09	0.6	-0.45	-0.43		RELI
	CRVL	ERIE	CRD-B	EHTH	FANH	CRD-A	BRP	BRO	AJG	RELI

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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

AJG	+ 0.83	BRO
CRD-A	+ 0.71	CRD-B
AJG	+ 0.6	CRVL
RELI	+ 0.6	BRP
AJG	+ 0.59	CRD-A
BRO	+ 0.58	CRVL

High negative correlations

AJG	- 0.67	BRP
EHTH	- 0.65	ERIE
BRO	- 0.62	BRP
BRP	- 0.62	CRVL
BRO	- 0.6	EHTH
RELI	- 0.59	CRVL

Risk-Adjusted Indicators

There is a big difference between Huize Stock performing well and Huize Holding 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 Huize Holding'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
CRVL	1.70	0.14	0.08	0.21	1.52	(2.15)	4.06	(2.49)	15.34
ERIE	1.49	(0.26)	0.00	(0.53)	0.00	0.00	2.48	(3.15)	10.77
CRD-B	1.78	0.08	0.02	0.29	2.05	(2.07)	4.66	(3.87)	11.72
EHTH	3.63	1.36	0.38	(0.85)	2.27	(4.45)	9.00	(4.81)	46.13
FANH	4.09	0.10	0.00	0.04	0.00	0.00	8.72	(9.09)	28.53
CRD-A	1.50	0.11	0.04	0.41	1.50	(1.73)	6.07	(2.86)	11.23
BRP	2.02	0.07	0.00	(2.05)	2.74	(1.92)	4.05	(4.84)	12.03
BRO	0.93	(0.08)	0.00	(0.08)	0.00	0.00	1.88	(2.18)	6.33
AJG	0.99	0.00	(0.04)	0.08	1.16	(1.06)	2.15	(1.87)	5.47
RELI	8.08	0.92	0.13	0.82	6.76	(15.05)	17.44	(11.17)	183.78

Huize Holding Corporate Management

Kwok Tam	CoChief Officer	Profile
Minghan Xiao	CoChief Officer	Profile
Cunjun Ma	Chairman Founder	Profile
Kai Ouyang	Chief Officer	Profile
Yongsheng Wang	Chief Officer	Profile
Haosheng Song	Chief Officer	Profile

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