Oneconnect Financial Correlations
| OCFTDelisted Stock | USD 7.89 0.00 0.00% |
The current 90-days correlation between Oneconnect Financial and ALT5 Sigma is -0.11 (i.e., Good diversification). The correlation of Oneconnect Financial 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.
Oneconnect Financial Correlation With Market
Very poor diversification
The correlation between Oneconnect Financial Technolog and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oneconnect Financial Technolog and DJI in the same portfolio, assuming nothing else is changed.
Oneconnect |
Moving together with Oneconnect Stock
| 0.77 | XOM | Exxon Mobil Corp | PairCorr |
| 0.83 | MRK | Merck Company Earnings Call Tomorrow | PairCorr |
| 0.74 | INTC | Intel | PairCorr |
| 0.76 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.94 | AA | Alcoa Corp | PairCorr |
| 0.78 | JNJ | Johnson Johnson | PairCorr |
| 0.84 | CAT | Caterpillar | PairCorr |
Moving against Oneconnect Stock
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
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Risk-Adjusted Indicators
There is a big difference between Oneconnect Stock performing well and Oneconnect Financial 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 Oneconnect Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALTS | 6.00 | 0.08 | 0.02 | 0.06 | 5.93 | 15.07 | 40.07 | |||
| SMRT | 2.33 | 0.18 | 0.07 | 0.29 | 2.16 | 5.75 | 21.69 | |||
| FRGE | 3.02 | 1.67 | 1.70 | (0.86) | 0.00 | 8.91 | 69.57 | |||
| AZ | 3.58 | (0.12) | 0.00 | (0.01) | 0.00 | 7.60 | 25.03 | |||
| TRAK | 1.59 | (0.57) | 0.00 | (0.52) | 0.00 | 2.07 | 9.78 | |||
| GPRO | 3.00 | (0.91) | 0.00 | (0.43) | 0.00 | 4.64 | 18.60 | |||
| EGHT | 2.48 | (0.24) | 0.00 | (0.09) | 0.00 | 4.40 | 34.75 | |||
| ONTF | 2.15 | 0.61 | 0.29 | 0.57 | 1.42 | 4.60 | 38.78 | |||
| DGXX | 5.91 | (0.88) | 0.00 | 2.18 | 0.00 | 15.26 | 46.52 | |||
| MRT | 2.10 | (0.24) | 0.00 | (0.82) | 0.00 | 4.98 | 20.93 |
Oneconnect Financial Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Oneconnect Financial stock to make a market-neutral strategy. Peer analysis of Oneconnect Financial could also be used in its relative valuation, which is a method of valuing Oneconnect Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Oneconnect Financial Corporate Management
| Rubo Lin | Chief Officer | Profile | |
| Yongtao Luo | Chief Officer | Profile | |
| Wenwei Dou | Director | Profile | |
| Fang Liu | Chief Assistant | Profile | |
| Danielle Gao | Head Relations | Profile | |
| Xuhua Chen | Chief Officer | Profile | |
| Tsz Chan | Company Secretary | Profile |
Still Interested in Oneconnect Financial Technology?
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