Didi Global Correlations

Summary

DIDIYDelisted Stock

USD 4.35 0.00 0.00%

The correlation of Didi Global 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Didi Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Didi Global ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Good diversification

The correlation between Didi Global ADR and NYA is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Didi Global ADR and NYA in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

The ability to find closely correlated positions to Didi Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Didi Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Didi Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Didi Global ADR to buy it.

Moving together with Didi Pink Sheet

0.87	ML	MoneyLion Financial Report 14th of May 2024	Pair Corr
0.64	DOCU	DocuSign Financial Report 13th of June 2024	Pair Corr

Moving against Didi Pink Sheet

0.89	U	Unity Software Aggressive Push	Pair Corr
0.86	WK	Workiva	Pair Corr
0.85	DV	DoubleVerify Holdings Financial Report 8th of May 2024	Pair Corr
0.85	DOMO	Domo Inc Financial Report 23rd of May 2024	Pair Corr
0.82	EB	Eventbrite Class A Financial Report 14th of May 2024	Pair Corr
0.81	QH	QuhuoLtd	Pair Corr
0.81	VCSA	Vacasa Inc Financial Report 14th of May 2024	Pair Corr
0.77	VS	Versus Systems Financial Report 20th of May 2024	Pair Corr
0.75	PD	Pagerduty Financial Report 6th of June 2024	Pair Corr
0.74	DT	Dynatrace Holdings LLC Financial Report 15th of May 2024	Pair Corr
0.71	NOGWQ	Nogin Inc	Pair Corr
0.69	DMAN	Innovativ Media Group	Pair Corr
0.63	DUOT	Duos Technologies Financial Report 20th of May 2024	Pair Corr
0.55	AI	C3 Ai Inc Financial Report 29th of May 2024	Pair Corr

Related Correlations Analysis

	LYFT	U	UBER	APPS	ZM	SNOW	WDAY	AI	YMM	MCLD
LYFT		-0.51	0.61	-0.64	0.12	-0.61	-0.39	0.04	0.36	-0.68	LYFT
U	-0.51		0.17	0.82	0.24	0.94	0.93	0.47	-0.81	0.91	U
UBER	0.61	0.17		0.0	0.6	0.07	0.34	0.67	-0.41	0.01	UBER
APPS	-0.64	0.82	0.0		0.33	0.75	0.76	0.41	-0.81	0.76	APPS
ZM	0.12	0.24	0.6	0.33		0.14	0.31	0.87	-0.47	0.1	ZM
SNOW	-0.61	0.94	0.07	0.75	0.14		0.9	0.37	-0.73	0.97	SNOW
WDAY	-0.39	0.93	0.34	0.76	0.31	0.9		0.5	-0.84	0.89	WDAY
AI	0.04	0.47	0.67	0.41	0.87	0.37	0.5		-0.64	0.34	AI
YMM	0.36	-0.81	-0.41	-0.81	-0.47	-0.73	-0.84	-0.64		-0.72	YMM
MCLD	-0.68	0.91	0.01	0.76	0.1	0.97	0.89	0.34	-0.72		MCLD
	LYFT	U	UBER	APPS	ZM	SNOW	WDAY	AI	YMM	MCLD

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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

MCLD	+ 0.97	SNOW
SNOW	+ 0.94	U
WDAY	+ 0.93	U
MCLD	+ 0.91	U
WDAY	+ 0.9	SNOW
MCLD	+ 0.89	WDAY

High negative correlations

YMM	- 0.84	WDAY
YMM	- 0.81	APPS
YMM	- 0.81	U
YMM	- 0.73	SNOW
MCLD	- 0.72	YMM
MCLD	- 0.68	LYFT

Risk-Adjusted Indicators

There is a big difference between Didi Pink Sheet performing well and Didi Global 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 Didi Global'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
LYFT	3.61	0.32	0.16	0.14	3.12	(4.73)	6.18	(5.82)	41.71
U	2.10	(0.44)	0.00	(0.17)	0.00	0.00	3.56	(5.55)	12.27
UBER	1.64	0.01	0.03	0.07	1.69	(1.94)	2.83	(2.76)	18.39
APPS	3.32	(1.32)	0.00	4.73	0.00	0.00	5.67	(7.91)	27.53
ZM	1.30	(0.14)	0.00	(0.06)	0.00	0.00	2.82	(2.55)	12.62
SNOW	2.06	(0.35)	0.00	(0.17)	0.00	0.00	4.17	(4.44)	27.55
WDAY	1.04	(0.29)	0.00	(0.38)	0.00	0.00	2.01	(2.29)	9.04
AI	3.06	(0.13)	0.01	0.03	3.33	(3.69)	7.84	(5.85)	32.77
YMM	2.10	0.61	0.20	(1.37)	1.91	(2.48)	4.93	(3.69)	16.38
MCLD	86.92	46.79	0.85	(0.60)	23.69	(182.37)	66.67	(45.27)	1,999

View Didi Global Related Equities

LYFT Inc Unity Software Uber Technologies Digital Turbine Zoom Video Communications Snowflake Workday C3 Ai Inc Full Truck Alliance MCloud Technologies Corp Domo Inc Latch Inc WeTrade Group Ordinary Exela Technologies CXApp Inc

Risk & Return

Correlation

Didi Global Corporate Management

Elected by the shareholders, the Didi Global's board of directors comprises two types of representatives: Didi Global inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Didi. The board's role is to monitor Didi Global's management team and ensure that shareholders' interests are well served. Didi Global'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, Didi Global's outside directors are responsible for providing unbiased perspectives on the board's policies.

Shu Sun	Chief Hailing	Profile
Qing Liu	Ex CoFounder	Profile
Min Li	VP Communications	Profile
Jingshi Zhu	Sr Director	Profile
Wei Cheng	Ex Founder	Profile
Rui Wu	CoFounder Compliance	Profile
Peng Xu	VP Markets	Profile

Still Interested in Didi Global ADR?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

Other Consideration for investing in Didi Pink Sheet

If you are still planning to invest in Didi Global ADR check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Didi Global's history and understand the potential risks before investing.

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