Zhibao Technology Correlations
| ZBAO Stock | 2.67 0.15 5.32% |
The current 90-days correlation between Zhibao Technology Class and Kinetik Holdings is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zhibao Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zhibao Technology Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Zhibao Technology Correlation With Market
Good diversification
The correlation between Zhibao Technology Class and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhibao Technology Class and DJI in the same portfolio, assuming nothing else is changed.
Zhibao |
Moving against Zhibao Stock
| 0.67 | TWFG | TWFG, Class A | PairCorr |
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| 0.59 | AON | Aon PLC | PairCorr |
| 0.59 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.58 | AC | Associated Capital | PairCorr |
| 0.58 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.54 | L | Loews Corp | PairCorr |
| 0.53 | EHTH | eHealth | PairCorr |
| 0.53 | GOCO | GoHealth | PairCorr |
| 0.47 | C | Citigroup Aggressive Push | PairCorr |
| 0.47 | BN | Brookfield Corp | PairCorr |
| 0.44 | BRO | Brown Brown Fiscal Year End 27th of January 2025 | PairCorr |
| 0.44 | V | Visa Class A | PairCorr |
| 0.4 | AX | Axos Financial | PairCorr |
| 0.4 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.37 | WTW | Willis Towers Watson | PairCorr |
| 0.61 | RF | Regions Financial Fiscal Year End 17th of January 2025 | PairCorr |
| 0.6 | LC | LendingClub Corp | PairCorr |
| 0.6 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
| 0.57 | QD | Qudian Inc | PairCorr |
| 0.56 | SF | Stifel Financial Earnings Call This Week | PairCorr |
| 0.56 | WT | WisdomTree | PairCorr |
| 0.55 | PX | P10 Inc | PairCorr |
| 0.54 | CG | Carlyle Group | PairCorr |
| 0.54 | CM | Canadian Imperial Bank Fiscal Year End 5th of December 2024 | PairCorr |
Related Correlations Analysis
| 0.9 | 0.79 | -0.86 | 0.86 | 0.81 | 0.88 | KNTK | ||
| 0.9 | 0.76 | -0.62 | 0.74 | 0.64 | 0.74 | AROC | ||
| 0.79 | 0.76 | -0.65 | 0.63 | 0.7 | 0.76 | CAH | ||
| -0.86 | -0.62 | -0.65 | -0.79 | -0.76 | -0.8 | TNDM | ||
| 0.86 | 0.74 | 0.63 | -0.79 | 0.84 | 0.71 | ATO | ||
| 0.81 | 0.64 | 0.7 | -0.76 | 0.84 | 0.77 | PCG | ||
| 0.88 | 0.74 | 0.76 | -0.8 | 0.71 | 0.77 | TGS | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Zhibao Stock performing well and Zhibao Technology 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 Zhibao Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KNTK | 1.45 | 0.46 | 0.27 | 0.60 | 1.14 | 3.19 | 10.07 | |||
| AROC | 1.61 | 0.24 | 0.17 | 0.22 | 1.53 | 3.19 | 14.49 | |||
| CAH | 1.01 | 0.11 | 0.05 | 0.28 | 1.18 | 1.98 | 10.66 | |||
| TNDM | 2.44 | (0.58) | 0.00 | (0.32) | 0.00 | 4.47 | 13.13 | |||
| ATO | 0.63 | 0.17 | 0.16 | 0.56 | 0.42 | 1.79 | 3.85 | |||
| PCG | 0.81 | 0.16 | 0.09 | 0.61 | 0.87 | 2.45 | 6.12 | |||
| TGS | 2.31 | 0.60 | 0.21 | 1.58 | 2.14 | 6.42 | 12.65 |
Zhibao Technology Corporate Executives
Elected by the shareholders, the Zhibao Technology's board of directors comprises two types of representatives: Zhibao Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zhibao. The board's role is to monitor Zhibao Technology's management team and ensure that shareholders' interests are well served. Zhibao Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Zhibao Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.