HUYA Correlations

HUYA Stock

USD 3.72 0.06 1.64%

The current 90-days correlation between HUYA Inc and Roku Inc is 0.32 (i.e., Weak diversification). The correlation of HUYA 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.

HUYA Correlation With Market

Average diversification

The correlation between HUYA Inc and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HUYA Inc 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 HUYA Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with HUYA Stock

0.63	SE	Sea Sell-off Trend	Pair Corr
0.67	LYV	Live Nation Entertainment	Pair Corr

Moving against HUYA Stock

0.48	AMC	AMC Entertainment	Pair Corr
0.31	SJ	Scienjoy Holding Corp	Pair Corr
0.52	EVC	Entravision Communications	Pair Corr
0.51	GCI	Gannett	Pair Corr
0.49	HAO	Haoxi Health Technology	Pair Corr
0.42	EEX	Emerald Expositions	Pair Corr
0.38	LEE	Lee Enterprises	Pair Corr
0.48	WOW	WideOpenWest	Pair Corr
0.36	WLY	John Wiley Sons	Pair Corr

Related Correlations Analysis

	ROKU	PARA	MANU	WBD	SBGI	FOXA	LGF-A	FWONA	NXST	CNK
ROKU		0.24	-0.21	0.44	-0.19	0.42	0.11	0.66	-0.3	-0.24	ROKU
PARA	0.24		0.27	0.27	0.24	-0.15	0.24	-0.09	0.44	0.28	PARA
MANU	-0.21	0.27		0.19	0.61	-0.56	0.09	-0.47	0.64	0.61	MANU
WBD	0.44	0.27	0.19		0.46	0.14	0.41	0.57	0.22	0.23	WBD
SBGI	-0.19	0.24	0.61	0.46		-0.57	0.38	-0.2	0.82	0.85	SBGI
FOXA	0.42	-0.15	-0.56	0.14	-0.57		0.15	0.75	-0.66	-0.64	FOXA
LGF-A	0.11	0.24	0.09	0.41	0.38	0.15		0.28	0.18	0.12	LGF-A
FWONA	0.66	-0.09	-0.47	0.57	-0.2	0.75	0.28		-0.48	-0.41	FWONA
NXST	-0.3	0.44	0.64	0.22	0.82	-0.66	0.18	-0.48		0.91	NXST
CNK	-0.24	0.28	0.61	0.23	0.85	-0.64	0.12	-0.41	0.91		CNK
	ROKU	PARA	MANU	WBD	SBGI	FOXA	LGF-A	FWONA	NXST	CNK

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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

CNK	+ 0.91	NXST
CNK	+ 0.85	SBGI
NXST	+ 0.82	SBGI
FWONA	+ 0.75	FOXA
FWONA	+ 0.66	ROKU
NXST	+ 0.64	MANU

High negative correlations

NXST	- 0.66	FOXA
CNK	- 0.64	FOXA
FOXA	- 0.57	SBGI
FOXA	- 0.56	MANU
NXST	- 0.48	FWONA
FWONA	- 0.47	MANU

Risk-Adjusted Indicators

There is a big difference between HUYA Stock performing well and HUYA 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 HUYA'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
ROKU	2.63	0.21	0.07	0.43	2.81	(3.22)	7.49	(5.88)	17.49
PARA	1.64	(0.03)	0.00	(0.04)	0.00	0.00	3.95	(3.54)	9.18
MANU	1.32	(0.17)	0.00	1.10	0.00	0.00	3.05	(3.17)	7.42
WBD	2.18	0.20	0.07	0.28	2.69	(2.30)	4.74	(4.28)	21.78
SBGI	1.76	(0.14)	0.00	(0.32)	0.00	0.00	4.12	(5.05)	10.70
FOXA	1.06	0.35	0.29	(1.57)	0.81	(1.38)	2.76	(1.64)	6.54
LGF-A	2.55	0.11	0.03	0.46	2.64	(2.91)	6.35	(4.93)	12.89
FWONA	1.11	0.26	0.17	0.70	1.13	(1.16)	3.62	(2.34)	8.37
NXST	1.03	(0.13)	0.00	(0.16)	0.00	0.00	1.51	(2.34)	7.50
CNK	1.32	(0.05)	0.00	(0.17)	0.00	0.00	4.08	(2.63)	9.88

HUYA Corporate Executives

Elected by the shareholders, the HUYA's board of directors comprises two types of representatives: HUYA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HUYA. The board's role is to monitor HUYA's management team and ensure that shareholders' interests are well served. HUYA'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, HUYA's outside directors are responsible for providing unbiased perspectives on the board's policies.

Xin Wu	Acting Chief Financial Officer	Profile
Xiaozheng Liu	Chief Financial Officer	Profile
Ligao Lai	Chief Technology Officer	Profile

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