KingsoftLimited Correlations
| KSFTF Stock | USD 3.69 0.00 0.00% |
The correlation of KingsoftLimited 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.
KingsoftLimited Correlation With Market
Excellent diversification
The correlation between Kingsoft Limited and DJI is -0.61 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kingsoft Limited and DJI in the same portfolio, assuming nothing else is changed.
KingsoftLimited |
The ability to find closely correlated positions to KingsoftLimited could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KingsoftLimited when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back KingsoftLimited - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kingsoft Limited to buy it.
Moving together with KingsoftLimited Pink Sheet
| 0.81 | NTES | NetEase Earnings Call This Week | PairCorr |
| 0.75 | RBLX | Roblox Corp | PairCorr |
| 0.64 | NTDOF | Nintendo | PairCorr |
| 0.65 | NTDOY | Nintendo Co ADR | PairCorr |
| 0.7 | TTWO | Take Two Interactive | PairCorr |
Moving against KingsoftLimited Pink Sheet
| 0.93 | KEP | Korea Electric Power | PairCorr |
| 0.86 | EC | Ecopetrol SA ADR | PairCorr |
| 0.79 | BILI | Bilibili Earnings Call This Week | PairCorr |
| 0.42 | PTITF | PT Indosat Tbk | PairCorr |
| 0.36 | NEXOF | NEXON Co | PairCorr |
| 0.95 | TLOFF | Talon Metals Corp | PairCorr |
| 0.8 | YLLXF | Yellow Cake plc Downward Rally | PairCorr |
| 0.78 | NNBR | NN Inc | PairCorr |
| 0.75 | BLAGF | Blue Lagoon Resources | PairCorr |
| 0.74 | NTZ | Natuzzi SpA | PairCorr |
| 0.73 | EMMA | Emmaus Life Sciences | PairCorr |
| 0.65 | SHIP | Seanergy Maritime | PairCorr |
| 0.57 | MS-PF | Morgan Stanley | PairCorr |
| 0.42 | FRFFF | Fairfax Financial | PairCorr |
| 0.39 | UMAC | Unusual Machines | PairCorr |
| 0.38 | ZDZT | Zhengduozhe Technology | PairCorr |
| 0.37 | PNRG | PrimeEnergy | PairCorr |
| 0.92 | BBDO | Banco Bradesco SA | PairCorr |
| 0.88 | TOGOF | TomaGold | PairCorr |
| 0.84 | MXCHY | Orbia Advance Corp | PairCorr |
| 0.82 | BNEFF | Bonterra Energy Corp | PairCorr |
| 0.8 | AES | AES Aggressive Push | PairCorr |
| 0.78 | JOE | St Joe Company | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between KingsoftLimited Pink Sheet performing well and KingsoftLimited 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 KingsoftLimited'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SQNXF | 1.11 | (0.07) | 0.00 | (3.32) | 0.00 | 2.42 | 23.06 | |||
| SQNNY | 3.08 | (0.03) | 0.00 | 0.28 | 0.00 | 12.03 | 29.71 | |||
| OTGLY | 2.13 | 0.04 | 0.01 | 0.11 | 2.83 | 4.61 | 15.93 | |||
| SHMZF | 0.15 | 0.07 | 0.00 | (0.46) | 0.00 | 0.00 | 5.43 | |||
| TMSNY | 1.47 | (0.18) | 0.00 | (0.21) | 0.00 | 2.70 | 9.73 | |||
| NEXXY | 1.19 | (0.32) | 0.00 | (0.92) | 0.00 | 3.60 | 7.59 | |||
| TMICY | 1.32 | (0.54) | 0.00 | (1.51) | 0.00 | 2.78 | 12.51 | |||
| OTGLF | 0.61 | 0.09 | 0.00 | 0.59 | 0.00 | 3.50 | 13.62 | |||
| TMICF | 0.60 | (0.24) | 0.00 | 0.90 | 0.00 | 0.00 | 13.58 | |||
| AACAF | 0.30 | (0.08) | 0.00 | 3.01 | 0.00 | 0.00 | 14.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in KingsoftLimited without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio Holdings Now
Portfolio HoldingsCheck your current holdings and cash postion to detemine if your portfolio needs rebalancing |
| All Next | Launch Module |
KingsoftLimited Corporate Management
| ACA FCCA | Joint Sec | Profile | |
| Francie Lu | IR Director | Profile | |
| Weiwei Guo | VP | Profile | |
| Yi Li | VP CFO | Profile | |
| Quanguo Wang | VP | Profile |