X Financial Correlations

XYF Stock

USD 7.43 0.16 2.20%

The current 90-days correlation between X Financial Class and Qudian Inc is 0.43 (i.e., Very weak diversification). The correlation of X 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.

X Financial Correlation With Market

Average diversification

The correlation between X Financial Class and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding X Financial Class 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 X Financial Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with XYF Stock

0.76	DX	Dynex Capital	Pair Corr
0.63	LC	LendingClub Corp	Pair Corr
0.87	LX	Lexinfintech Holdings Buyout Trend	Pair Corr
0.74	QD	Qudian Inc	Pair Corr
0.83	RM	Regional Management Corp Normal Trading	Pair Corr
0.63	DMYY	dMY Squared Technology	Pair Corr

Moving against XYF Stock

0.79	XP	Xp Inc	Pair Corr
0.54	WD	Walker Dunlop Normal Trading	Pair Corr
0.37	DHIL	Diamond Hill Investment	Pair Corr
0.32	AC	Associated Capital	Pair Corr
0.31	PT	Pintec Technology	Pair Corr
0.41	WAVS	Western Acquisition	Pair Corr

Related Correlations Analysis

	LMFA	DXF	SUNL	NISN	QD	FINV	AIHS	LX	QFIN	LU
LMFA		0.48	0.19	0.57	-0.3	-0.51	-0.23	-0.64	-0.51	0.35	LMFA
DXF	0.48		0.13	0.81	-0.67	-0.74	-0.04	-0.75	-0.64	0.61	DXF
SUNL	0.19	0.13		0.41	-0.43	-0.45	-0.47	-0.46	-0.48	0.3	SUNL
NISN	0.57	0.81	0.41		-0.74	-0.82	-0.14	-0.84	-0.74	0.71	NISN
QD	-0.3	-0.67	-0.43	-0.74		0.86	0.15	0.82	0.8	-0.55	QD
FINV	-0.51	-0.74	-0.45	-0.82	0.86		0.17	0.95	0.91	-0.47	FINV
AIHS	-0.23	-0.04	-0.47	-0.14	0.15	0.17		0.23	0.2	-0.31	AIHS
LX	-0.64	-0.75	-0.46	-0.84	0.82	0.95	0.23		0.88	-0.46	LX
QFIN	-0.51	-0.64	-0.48	-0.74	0.8	0.91	0.2	0.88		-0.35	QFIN
LU	0.35	0.61	0.3	0.71	-0.55	-0.47	-0.31	-0.46	-0.35		LU
	LMFA	DXF	SUNL	NISN	QD	FINV	AIHS	LX	QFIN	LU

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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

LX	+ 0.95	FINV
QFIN	+ 0.91	FINV
QFIN	+ 0.88	LX
FINV	+ 0.86	QD
LX	+ 0.82	QD
NISN	+ 0.81	DXF

High negative correlations

LX	- 0.84	NISN
FINV	- 0.82	NISN
LX	- 0.75	DXF
QFIN	- 0.74	NISN
QD	- 0.74	NISN
FINV	- 0.74	DXF

Risk-Adjusted Indicators

There is a big difference between XYF Stock performing well and X 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 X 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
LMFA	4.55	(0.24)	0.00	(0.30)	0.00	0.00	10.38	(7.89)	32.43
DXF	6.12	(2.11)	0.00	(16.84)	0.00	0.00	12.50	(18.75)	50.18
SUNL	5.51	0.82	0.13	0.39	5.05	(7.87)	11.43	(8.70)	57.39
NISN	5.00	(1.19)	0.00	(0.47)	0.00	0.00	14.58	(11.91)	31.71
QD	3.14	0.58	0.19	5.43	2.62	(4.13)	6.93	(4.76)	39.24
FINV	1.69	0.21	0.07	2.61	2.17	(1.76)	3.80	(3.82)	10.35
AIHS	2.86	(0.04)	0.00	(0.04)	0.00	0.00	5.68	(6.45)	17.05
LX	3.84	1.08	0.23	10.00	4.07	(4.85)	8.91	(5.75)	31.34
QFIN	2.37	0.27	0.09	3.37	2.75	(2.72)	5.41	(5.35)	14.46
LU	2.68	(0.39)	0.00	(0.75)	0.00	0.00	5.26	(6.52)	22.97

X Financial Corporate Management

Kan Li	Chief Risk Officer	Profile
Shengwen Rong	Independent Director	Profile
Zheng Xue	Independent Director	Profile
Yufan Jiang	Chief Officer	Profile

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