XChange TECINC Correlations

XHG Stock

0.99 0.26 35.62%

The current 90-days correlation between XChange TECINC and Titan International is 0.1 (i.e., Average diversification). The correlation of XChange TECINC 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.

XChange TECINC Correlation With Market

Significant diversification

The correlation between XChange TECINC and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XChange TECINC and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XChange TECINC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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

Moving together with XChange Stock

0.7	MDV	Modiv Inc	Pair Corr
0.76	GIPR	Generationome Properties	Pair Corr
0.65	O	Realty Income Earnings Call This Week	Pair Corr
0.79	HR	Healthcare Realty Trust	Pair Corr
0.87	KW	Kennedy Wilson Holdings Earnings Call This Week	Pair Corr
0.74	PK	Park Hotels Resorts	Pair Corr
0.65	RC	Ready Capital Corp	Pair Corr
0.81	UE	Urban Edge Properties	Pair Corr
0.8	ADC-PA	Agree Realty	Pair Corr
0.67	VICI	VICI Properties Earnings Call This Week	Pair Corr
0.77	ELME	Elme Communities Upward Rally	Pair Corr
0.71	EPRT	Essential Properties	Pair Corr
0.74	ESBA	Empire State Realty	Pair Corr

Moving against XChange Stock

0.64	DX	Dynex Capital	Pair Corr
0.49	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.72	MITT-PC	AG Mortgage Investment Earnings Call This Week	Pair Corr
0.64	CDR-PC	Cedar Realty Trust Downward Rally	Pair Corr
0.41	VTMX	Corporacin Inmobiliaria Earnings Call This Week	Pair Corr
0.36	ACR	Acres Commercial Realty	Pair Corr

Related Correlations Analysis

	KSRBF	RBC	PH	VMI	WMG	TWI	SAND	ZM
KSRBF		-0.01	-0.55	-0.57	-0.32	0.3	0.21	0.07	KSRBF
RBC	-0.01		0.68	0.42	0.64	0.71	0.8	0.46	RBC
PH	-0.55	0.68		0.86	0.61	0.4	0.34	0.33	PH
VMI	-0.57	0.42	0.86		0.3	0.21	0.11	0.07	VMI
WMG	-0.32	0.64	0.61	0.3		0.41	0.47	0.42	WMG
TWI	0.3	0.71	0.4	0.21	0.41		0.72	0.51	TWI
SAND	0.21	0.8	0.34	0.11	0.47	0.72		0.26	SAND
ZM	0.07	0.46	0.33	0.07	0.42	0.51	0.26		ZM
	KSRBF	RBC	PH	VMI	WMG	TWI	SAND	ZM

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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

VMI	+ 0.86	PH
SAND	+ 0.8	RBC
SAND	+ 0.72	TWI
TWI	+ 0.71	RBC
PH	+ 0.68	RBC
WMG	+ 0.64	RBC

High negative correlations

VMI	- 0.57	KSRBF
PH	- 0.55	KSRBF
WMG	- 0.32	KSRBF
RBC	- 0.01	KSRBF

Risk-Adjusted Indicators

There is a big difference between XChange Stock performing well and XChange TECINC 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 XChange TECINC'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
KSRBF	0.49	0.24	0.00	2.06	0.00	0.00	0.00	0.00	8.70
RBC	1.11	0.20	0.19	0.40	0.84	(1.32)	3.72	(1.60)	9.43
PH	0.94	0.01	0.01	0.02	1.12	(1.02)	1.77	(1.59)	7.31
VMI	0.99	(0.09)	0.00	(0.15)	0.00	0.00	2.31	(2.02)	7.49
WMG	1.24	0.16	0.08	(3.49)	1.82	(1.26)	2.91	(2.05)	9.64
TWI	2.73	0.37	0.10	0.43	3.20	(3.37)	6.16	(4.49)	41.41
SAND	1.44	0.16	0.07	0.33	2.01	(1.49)	3.18	(3.65)	8.00
ZM	1.66	0.08	0.04	0.10	1.94	(1.86)	3.67	(3.13)	12.08

XChange TECINC Corporate Management

Jiamin Chen	VP Department	Profile
Yong Ma	Head Business	Profile
Zhichen Sun	Chief Officer	Profile
Gang Xie	Chief Officer	Profile
Zongquan Yang	Senior Management	Profile

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