Yirendai Correlations

YRD Stock

USD 4.84 0.02 0.41%

The current 90-days correlation between Yirendai and Lexinfintech Holdings is 0.31 (i.e., Weak diversification). The correlation of Yirendai 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.

Yirendai Correlation With Market

Significant diversification

The correlation between Yirendai and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yirendai 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 Yirendai. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Yirendai Stock refer to our How to Trade Yirendai Stock guide.

Moving together with Yirendai Stock

0.81	LU	Lufax Holding	Pair Corr
0.81	LX	Lexinfintech Holdings	Pair Corr
0.64	QD	Qudian Inc	Pair Corr
0.87	FINV	FinVolution Group Normal Trading	Pair Corr
0.86	XYF	X Financial Class	Pair Corr

Moving against Yirendai Stock

0.59	PT	Pintec Technology	Pair Corr
0.55	IX	Orix Corp Ads	Pair Corr
0.45	FCFS	FirstCash	Pair Corr
0.65	SLMBP	SLM Corp Pb	Pair Corr
0.61	MCVT	Mill City Ventures	Pair Corr
0.57	PMTS	CPI Card Group Normal Trading	Pair Corr

Related Correlations Analysis

	LX	FINV	QFIN	NAVI	SNTG	JT	LU	ATLC	QD	ENVA
LX		0.89	0.81	-0.42	0.2	0.0	0.61	0.33	0.92	0.62	LX
FINV	0.89		0.78	-0.33	0.34	0.0	0.77	0.23	0.76	0.4	FINV
QFIN	0.81	0.78		-0.5	0.19	0.0	0.57	0.46	0.79	0.5	QFIN
NAVI	-0.42	-0.33	-0.5		0.0	0.0	-0.01	-0.33	-0.5	-0.3	NAVI
SNTG	0.2	0.34	0.19	0.0		0.0	0.56	-0.57	0.02	-0.45	SNTG
JT	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	JT
LU	0.61	0.77	0.57	-0.01	0.56	0.0		-0.12	0.37	-0.06	LU
ATLC	0.33	0.23	0.46	-0.33	-0.57	0.0	-0.12		0.5	0.76	ATLC
QD	0.92	0.76	0.79	-0.5	0.02	0.0	0.37	0.5		0.76	QD
ENVA	0.62	0.4	0.5	-0.3	-0.45	0.0	-0.06	0.76	0.76		ENVA
	LX	FINV	QFIN	NAVI	SNTG	JT	LU	ATLC	QD	ENVA

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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

QD	+ 0.92	LX
FINV	+ 0.89	LX
QFIN	+ 0.81	LX
QD	+ 0.79	QFIN
QFIN	+ 0.78	FINV
LU	+ 0.77	FINV

High negative correlations

ATLC	- 0.57	SNTG
QD	- 0.5	NAVI
NAVI	- 0.5	QFIN
ENVA	- 0.45	SNTG
NAVI	- 0.42	LX
ATLC	- 0.33	NAVI

Risk-Adjusted Indicators

There is a big difference between Yirendai Stock performing well and Yirendai 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 Yirendai'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
LX	4.23	1.19	0.19	2.73	4.39	(4.91)	13.89	(7.67)	44.77
FINV	1.93	0.17	0.05	0.43	2.42	(1.95)	3.81	(4.74)	13.22
QFIN	2.55	0.61	0.17	(1.07)	2.37	(3.19)	6.30	(4.25)	13.28
NAVI	1.55	(0.08)	0.00	(1.87)	0.00	0.00	2.38	(3.50)	13.67
SNTG	2.38	(0.01)	0.00	0.12	0.00	0.00	5.91	(4.78)	21.33
JT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LU	3.53	0.08	0.00	0.02	0.00	0.00	9.57	(7.83)	33.37
ATLC	1.75	0.47	0.27	0.35	1.45	(2.14)	5.83	(2.04)	11.47
QD	2.55	0.61	0.13	(0.44)	2.63	(2.90)	6.54	(4.21)	15.86
ENVA	1.70	0.13	0.13	0.16	1.66	(1.94)	3.13	(3.16)	13.01

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