MOGU Correlations

MOGU Stock

USD 2.13 0.09 4.41%

The current 90-days correlation between MOGU Inc and iPower Inc is 0.14 (i.e., Average diversification). The correlation of MOGU 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.

MOGU Correlation With Market

Modest diversification

The correlation between MOGU Inc and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MOGU Inc 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 MOGU 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 price.

Moving together with MOGU Stock

0.64

VIPS

Vipshop Holdings

Pair Corr

Moving against MOGU Stock

0.37

AKA

AKA Brands Holding

Pair Corr

Related Correlations Analysis

	IPW	LITB	QRTEB	PIK	NHTC	LQDT	SECO	HOUR	TKAT	WNW
IPW		0.19	0.56	-0.03	-0.12	-0.53	-0.06	-0.14	0.33	0.05	IPW
LITB	0.19		0.57	0.03	0.61	-0.42	0.1	-0.54	0.75	0.46	LITB
QRTEB	0.56	0.57		-0.11	0.24	-0.55	-0.03	-0.34	0.74	0.37	QRTEB
PIK	-0.03	0.03	-0.11		0.15	-0.14	-0.22	0.02	-0.08	0.04	PIK
NHTC	-0.12	0.61	0.24	0.15		-0.22	0.22	-0.67	0.64	0.27	NHTC
LQDT	-0.53	-0.42	-0.55	-0.14	-0.22		-0.22	0.5	-0.57	-0.07	LQDT
SECO	-0.06	0.1	-0.03	-0.22	0.22	-0.22		-0.22	0.26	-0.09	SECO
HOUR	-0.14	-0.54	-0.34	0.02	-0.67	0.5	-0.22		-0.55	-0.1	HOUR
TKAT	0.33	0.75	0.74	-0.08	0.64	-0.57	0.26	-0.55		0.48	TKAT
WNW	0.05	0.46	0.37	0.04	0.27	-0.07	-0.09	-0.1	0.48		WNW
	IPW	LITB	QRTEB	PIK	NHTC	LQDT	SECO	HOUR	TKAT	WNW

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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

TKAT	+ 0.75	LITB
TKAT	+ 0.74	QRTEB
TKAT	+ 0.64	NHTC
NHTC	+ 0.61	LITB
QRTEB	+ 0.57	LITB
QRTEB	+ 0.56	IPW

High negative correlations

HOUR	- 0.67	NHTC
TKAT	- 0.57	LQDT
TKAT	- 0.55	HOUR
LQDT	- 0.55	QRTEB
HOUR	- 0.54	LITB
LQDT	- 0.53	IPW

Risk-Adjusted Indicators

There is a big difference between MOGU Stock performing well and MOGU 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 MOGU'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
IPW	6.67	(0.91)	0.00	(0.33)	0.00	0.00	13.81	(16.18)	67.04
LITB	5.57	(0.11)	0.00	0.60	0.00	0.00	13.61	(8.89)	69.81
QRTEB	3.54	(0.18)	0.00	(0.11)	0.00	0.00	9.00	(6.62)	27.73
PIK	3.73	(0.14)	0.00	(0.23)	0.00	0.00	9.28	(9.35)	25.87
NHTC	1.60	(0.27)	0.00	(0.59)	0.00	0.00	2.85	(3.33)	13.19
LQDT	1.29	0.07	0.08	0.17	1.35	(1.36)	2.88	(2.17)	9.34
SECO	5.16	0.40	0.03	(0.52)	5.49	(6.88)	14.29	(10.00)	45.51
HOUR	2.51	0.13	0.02	0.33	3.59	(2.73)	4.40	(5.16)	42.64
TKAT	4.97	(0.93)	0.00	0.63	0.00	0.00	9.38	(13.16)	43.88
WNW	2.56	(0.11)	0.00	(0.03)	0.00	0.00	6.25	(5.81)	29.28

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