Full Truck Correlations

YMM Stock

USD 11.26 0.07 0.63%

The current 90-days correlation between Full Truck Alliance and Kingsoft Cloud Holdings is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Full Truck moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Full Truck Alliance moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Full Truck Correlation With Market

Significant diversification

The correlation between Full Truck Alliance and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Full Truck Alliance 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 Full Truck Alliance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Full Stock

0.72	U	Unity Software Aggressive Push	Pair Corr
0.8	AI	C3 Ai Inc	Pair Corr
0.87	KC	Kingsoft Cloud Holdings	Pair Corr
0.61	ML	MoneyLion	Pair Corr
0.83	WK	Workiva	Pair Corr
0.85	DOCU	DocuSign	Pair Corr
0.78	VCSA	Vacasa Inc	Pair Corr
0.69	VERX	Vertex	Pair Corr
0.62	DSGX	Descartes Systems	Pair Corr
0.66	DUOL	Duolingo	Pair Corr
0.61	EGAN	eGain	Pair Corr
0.82	ENFN	Enfusion Tech Boost	Pair Corr
0.82	WFCF	Where Food Comes Downward Rally	Pair Corr
0.73	ESTC	Elastic NV	Pair Corr
0.8	EXFY	Expensify	Pair Corr
0.61	EZFL	EzFill Holdings Tech Boost	Pair Corr

Moving against Full Stock

0.64	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.47	DOMO	Domo Inc	Pair Corr
0.78	EVOL	Evolving Systems	Pair Corr
0.72	VTEX	VTEX	Pair Corr
0.59	ETWO	E2open Parent Holdings	Pair Corr
0.46	XELAP	Exela Technologies	Pair Corr

Related Correlations Analysis

	MCLD	DOMO	LTCH	WETG	OBLG	KC	BMTX	PLUS	INST	ENV
MCLD		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MCLD
DOMO	0.0		-0.43	0.59	-0.26	-0.38	0.09	0.26	0.41	-0.74	DOMO
LTCH	0.0	-0.43		0.08	-0.06	0.81	0.51	-0.7	-0.36	0.59	LTCH
WETG	0.0	0.59	0.08		-0.25	0.27	0.46	-0.44	-0.13	-0.5	WETG
OBLG	0.0	-0.26	-0.06	-0.25		0.12	-0.05	0.12	-0.31	0.17	OBLG
KC	0.0	-0.38	0.81	0.27	0.12		0.59	-0.87	-0.53	0.46	KC
BMTX	0.0	0.09	0.51	0.46	-0.05	0.59		-0.67	-0.23	-0.01	BMTX
PLUS	0.0	0.26	-0.7	-0.44	0.12	-0.87	-0.67		0.45	-0.18	PLUS
INST	0.0	0.41	-0.36	-0.13	-0.31	-0.53	-0.23	0.45		-0.39	INST
ENV	0.0	-0.74	0.59	-0.5	0.17	0.46	-0.01	-0.18	-0.39		ENV
	MCLD	DOMO	LTCH	WETG	OBLG	KC	BMTX	PLUS	INST	ENV

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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

KC	+ 0.81	LTCH
WETG	+ 0.59	DOMO
ENV	+ 0.59	LTCH
BMTX	+ 0.59	KC
BMTX	+ 0.51	LTCH
BMTX	+ 0.46	WETG

High negative correlations

PLUS	- 0.87	KC
ENV	- 0.74	DOMO
PLUS	- 0.7	LTCH
PLUS	- 0.67	BMTX
INST	- 0.53	KC
ENV	- 0.5	WETG

Risk-Adjusted Indicators

There is a big difference between Full Stock performing well and Full Truck 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 Full Truck'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
MCLD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DOMO	2.38	0.01	0.00	0.03	3.99	(2.41)	4.86	(4.92)	24.49
LTCH	5.83	1.67	0.28	(1.89)	4.91	(7.27)	17.48	(8.26)	31.38
WETG	6.03	0.45	0.06	1.36	6.25	(8.10)	18.35	(11.03)	50.12
OBLG	3.38	0.02	0.00	0.06	5.32	(3.53)	8.26	(8.01)	27.54
KC	7.06	2.25	0.33	1.00	5.71	(8.50)	19.49	(11.49)	56.37
BMTX	1.67	0.77	0.58	1.07	0.00	(2.32)	1.80	(1.26)	48.46
PLUS	1.51	(0.34)	0.00	(0.91)	0.00	0.00	2.60	(2.46)	25.14
INST	0.07	0.02	0.00	10.95	0.00	0.00	0.26	(0.13)	0.38
ENV	0.09	0.00	(0.15)	0.11	0.09	(0.10)	0.22	(0.22)	0.68

Full Truck Corporate Management

Kai Shen	Chief Risk Officer, General Counsel	Profile
Wenjian Dai	Director	Profile
Guizhen Ma	Director	Profile
Zhenghong Wang	Chief Customer Officer	Profile
Xinzhe Li	Independent Director	Profile
Weidong Ji	Director	Profile
Mao Mao	Head Relations	Profile

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