Lexinfintech Holdings Correlations

LX Stock

USD 8.20 0.43 4.98%

The current 90-days correlation between Lexinfintech Holdings and Mastercard is 0.17 (i.e., Average diversification). The correlation of Lexinfintech Holdings 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.

Lexinfintech Holdings Correlation With Market

Significant diversification

The correlation between Lexinfintech Holdings and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lexinfintech Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lexinfintech Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

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

Moving together with Lexinfintech Stock

0.8	AXP	American Express	Pair Corr
0.75	HNNA	Hennessy Ad	Pair Corr
0.84	C	Citigroup Aggressive Push	Pair Corr
0.82	V	Visa Class A	Pair Corr
0.71	BK	Bank of New York	Pair Corr
0.85	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.71	GL	Globe Life	Pair Corr
0.64	GS	Goldman Sachs Group	Pair Corr
0.73	MA	Mastercard Sell-off Trend	Pair Corr
0.69	QD	Qudian Inc Buyout Trend	Pair Corr
0.95	RM	Regional Management Corp	Pair Corr

Moving against Lexinfintech Stock

0.86	DHIL	Diamond Hill Investment	Pair Corr
0.72	AX	Axos Financial	Pair Corr
0.72	EG	Everest Group	Pair Corr
0.67	CB	Chubb	Pair Corr
0.61	KB	KB Financial Group	Pair Corr
0.51	BY	Byline Bancorp	Pair Corr
0.5	BX	Blackstone Group	Pair Corr
0.41	IX	Orix Corp Ads	Pair Corr
0.39	CM	Canadian Imperial Bank	Pair Corr
0.36	LC	LendingClub Corp Buyout Trend	Pair Corr
0.79	VALU	Value Line	Pair Corr
0.76	WT	WisdomTree	Pair Corr
0.72	WD	Walker Dunlop	Pair Corr
0.72	VABK	Virginia National	Pair Corr
0.7	VBNK	VersaBank	Pair Corr
0.63	VBTX	Veritex Holdings	Pair Corr
0.6	RF	Regions Financial Earnings Call This Week	Pair Corr
0.55	TW	Tradeweb Markets	Pair Corr
0.42	WF	Woori Financial Group	Pair Corr
0.41	XP	Xp Inc Normal Trading	Pair Corr
0.39	RY	Royal Bank Sell-off Trend	Pair Corr
0.35	PB	Prosperity Bancshares	Pair Corr

Related Correlations Analysis

	V	PYPL	COF	UPST	MA	ALLY	SOFI	SYF	DFS
V		-0.57	0.8	0.05	0.95	0.43	0.22	0.24	0.83	V
PYPL	-0.57		-0.26	-0.07	-0.51	0.04	0.42	0.5	-0.23	PYPL
COF	0.8	-0.26		0.05	0.8	0.79	0.37	0.58	0.98	COF
UPST	0.05	-0.07	0.05		0.21	0.34	0.15	-0.04	-0.11	UPST
MA	0.95	-0.51	0.8	0.21		0.54	0.2	0.26	0.78	MA
ALLY	0.43	0.04	0.79	0.34	0.54		0.52	0.68	0.7	ALLY
SOFI	0.22	0.42	0.37	0.15	0.2	0.52		0.76	0.41	SOFI
SYF	0.24	0.5	0.58	-0.04	0.26	0.68	0.76		0.61	SYF
DFS	0.83	-0.23	0.98	-0.11	0.78	0.7	0.41	0.61		DFS
	V	PYPL	COF	UPST	MA	ALLY	SOFI	SYF	DFS

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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

DFS	+ 0.98	COF
MA	+ 0.95	V
DFS	+ 0.83	V
COF	+ 0.8	V
MA	+ 0.8	COF
ALLY	+ 0.79	COF

High negative correlations

PYPL	- 0.57	V
MA	- 0.51	PYPL
COF	- 0.26	PYPL
DFS	- 0.23	PYPL
DFS	- 0.11	UPST
UPST	- 0.07	PYPL

Risk-Adjusted Indicators

There is a big difference between Lexinfintech Stock performing well and Lexinfintech Holdings 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 Lexinfintech Holdings' 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
V	0.67	0.21	0.24	0.51	0.57	(0.75)	1.44	(1.15)	4.00
PYPL	1.55	(0.07)	0.00	(0.14)	0.00	0.00	3.25	(2.59)	18.09
COF	1.20	0.14	0.10	0.14	1.30	(1.31)	2.70	(2.18)	6.42
UPST	3.87	0.19	0.04	0.22	4.62	(4.76)	8.00	(8.31)	37.02
MA	0.76	0.11	0.11	0.19	0.86	(0.81)	1.53	(1.81)	5.01
ALLY	1.27	0.05	0.03	0.04	1.73	(1.30)	3.38	(2.68)	10.08
SOFI	2.85	0.39	0.11	0.29	3.49	(3.17)	6.71	(4.45)	18.75
SYF	1.26	0.04	0.02	0.05	1.76	(1.20)	2.83	(2.92)	8.19
DFS	1.32	0.18	0.12	0.17	1.41	(1.47)	3.56	(2.18)	7.47

Lexinfintech Holdings Corporate Management

Tony Hung	Investor Contact	Profile
Ming Zhao	Chief Officer	Profile
Yong Lu	Chief Officer	Profile
Jamie Wang	Investor Mang	Profile
Yunwen Yang	Chief Officer	Profile

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