Waterdrop ADR Correlations

WDH Stock

USD 1.71 0.04 2.40%

The current 90-days correlation between Waterdrop ADR and Bank of the is 0.11 (i.e., Average diversification). The correlation of Waterdrop ADR 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.

Waterdrop ADR Correlation With Market

Very weak diversification

The correlation between Waterdrop ADR and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Waterdrop ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Waterdrop Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waterdrop ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

For more detail on how to invest in Waterdrop Stock please use our How to Invest in Waterdrop ADR guide.

Moving together with Waterdrop Stock

0.7

WTM

White Mountains Insurance

Pair Corr

Moving against Waterdrop Stock

0.49	AII	American Integrity	Pair Corr
0.42	WRB	W R Berkley	Pair Corr
0.57	MHLA	Maiden Holdings	Pair Corr
0.46	MSPR	MSP Recovery	Pair Corr
0.43	ITIC	Investors Title	Pair Corr
0.33	BEZ	Beazley plc	Pair Corr

Related Correlations Analysis

	AAME	CASH	OAKU	CPBI	BAYA	ASRV	UBCP	CLST	HFBL	BOTJ
AAME		-0.03	-0.3	0.24	0.13	0.17	0.06	-0.21	-0.18	-0.18	AAME
CASH	-0.03		-0.05	0.79	0.71	0.61	0.59	0.58	0.72	0.66	CASH
OAKU	-0.3	-0.05		-0.16	-0.25	0.09	-0.22	0.18	0.13	-0.03	OAKU
CPBI	0.24	0.79	-0.16		0.87	0.7	0.78	0.68	0.77	0.74	CPBI
BAYA	0.13	0.71	-0.25	0.87		0.58	0.84	0.77	0.79	0.84	BAYA
ASRV	0.17	0.61	0.09	0.7	0.58		0.47	0.48	0.64	0.46	ASRV
UBCP	0.06	0.59	-0.22	0.78	0.84	0.47		0.73	0.74	0.82	UBCP
CLST	-0.21	0.58	0.18	0.68	0.77	0.48	0.73		0.83	0.91	CLST
HFBL	-0.18	0.72	0.13	0.77	0.79	0.64	0.74	0.83		0.81	HFBL
BOTJ	-0.18	0.66	-0.03	0.74	0.84	0.46	0.82	0.91	0.81		BOTJ
	AAME	CASH	OAKU	CPBI	BAYA	ASRV	UBCP	CLST	HFBL	BOTJ

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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

BOTJ	+ 0.91	CLST
BAYA	+ 0.87	CPBI
UBCP	+ 0.84	BAYA
BOTJ	+ 0.84	BAYA
HFBL	+ 0.83	CLST
BOTJ	+ 0.82	UBCP

High negative correlations

OAKU	- 0.3	AAME
BAYA	- 0.25	OAKU
UBCP	- 0.22	OAKU
CLST	- 0.21	AAME
BOTJ	- 0.18	AAME
HFBL	- 0.18	AAME

Risk-Adjusted Indicators

There is a big difference between Waterdrop Stock performing well and Waterdrop ADR 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 Waterdrop ADR'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
AAME	3.21	(0.09)	0.00	(0.05)	0.00	0.00	5.88	(7.80)	39.81
CASH	1.32	0.23	0.17	0.32	1.03	(1.55)	3.43	(1.75)	7.62
OAKU	0.36	0.03	(0.02)	(0.30)	0.62	(1.03)	1.24	(0.83)	6.66
CPBI	0.73	0.13	0.05	0.69	1.11	(0.76)	1.68	(1.19)	6.35
BAYA	0.46	0.08	0.02	(3.48)	0.41	(0.85)	1.89	(1.06)	4.21
ASRV	1.40	0.07	0.01	0.32	1.86	(1.54)	2.89	(3.13)	8.63
UBCP	1.21	0.15	0.06	0.59	1.37	(1.31)	2.86	(2.56)	8.48
CLST	0.74	0.24	0.16	3.88	0.65	(0.89)	1.90	(1.08)	7.82
HFBL	2.49	0.57	0.12	(0.94)	3.20	(2.67)	6.92	(3.72)	21.76
BOTJ	1.20	0.28	0.13	(1.05)	1.20	(1.38)	2.78	(2.51)	9.56

Waterdrop ADR Corporate Management

Guang Yang	Director and General Manager of Insurance Marketplace	Profile
Xiaolei Sun	Vice Development	Profile
Heping Feng	Independent Director	Profile
Chenyang Wei	Independent Director	Profile
Hui Teng	Chief Actuary	Profile
Haiyang Yu	Director	Profile

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