360 Finance Correlations

360 Finance Correlation With Market

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in 360 Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in 360 Stock, please use our How to Invest in 360 Finance guide.

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 LU + 0.9 FINV MSDL + 0.46 AGM BLX + 0.38 AGM BLX + 0.38 MSDL

High negative correlations AGM - 0.69 FINV LU - 0.56 AGM MSDL - 0.43 FINV MSDL - 0.3 LU BLX - 0.15 FINV BLX - 0.09 LU

Risk-Adjusted Indicators

There is a big difference between 360 Stock performing well and 360 Finance 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 360 Finance'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.