Alibaba Group Correlations
| BABAF Stock | USD 21.37 0.52 2.38% |
The current 90-days correlation between Alibaba Group Holding and LVMH Moet Hennessy is 0.14 (i.e., Average diversification). The correlation of Alibaba Group 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.
Alibaba Group Correlation With Market
Weak diversification
The correlation between Alibaba Group Holding and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alibaba Group Holding and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Alibaba Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alibaba Group 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 Alibaba Group - 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 Alibaba Group Holding to buy it.
Moving together with Alibaba Pink Sheet
| 0.99 | BABA | Alibaba Group Holding | PairCorr |
| 0.88 | PDD | PDD Holdings | PairCorr |
| 0.84 | CPNG | Coupang LLC | PairCorr |
| 0.65 | WF | Woori Financial Group Earnings Call Tomorrow | PairCorr |
| 0.71 | CHNXF | ChitogenX | PairCorr |
| 0.65 | 36966TGR7 | GENERAL ELEC CAP | PairCorr |
| 0.94 | QVCGA | QVC Group Symbol Change | PairCorr |
| 0.79 | AXP | American Express | PairCorr |
| 0.85 | JPM | JPMorgan Chase | PairCorr |
| 0.82 | IBM | International Business | PairCorr |
| 0.92 | GE | GE Aerospace | PairCorr |
| 0.62 | WMT | Walmart | PairCorr |
| 0.77 | AA | Alcoa Corp | PairCorr |
| 0.88 | INTC | Intel Earnings Call Next Week | PairCorr |
| 0.72 | DD | Dupont De Nemours | PairCorr |
Moving against Alibaba Pink Sheet
| 0.86 | PPERY | Bank Mandiri Persero Earnings Call This Week | PairCorr |
| 0.85 | PBCRY | Bank Central Asia | PairCorr |
| 0.78 | MPNGF | Meituan | PairCorr |
| 0.76 | MPNGY | Meituan ADR | PairCorr |
| 0.55 | PBCRF | PT Bank Central Earnings Call Next Week | PairCorr |
| 0.47 | PPERF | Bank Mandiri Persero Earnings Call This Week | PairCorr |
| 0.39 | MELI | MercadoLibre | PairCorr |
| 0.35 | BKRKY | Bank Rakyat Earnings Call Next Week | PairCorr |
| 0.34 | AMZN | Amazon Inc Earnings Call Next Week | PairCorr |
| 0.73 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.44 | PG | Procter Gamble Earnings Call This Week | PairCorr |
| 0.42 | VZ | Verizon Communications Earnings Call This Week | PairCorr |
Related Correlations Analysis
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 Alibaba Pink Sheet performing well and Alibaba Group 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 Alibaba Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LVMUY | 1.61 | 0.31 | 0.16 | 0.30 | 1.65 | 3.26 | 9.60 | |||
| LVMHF | 1.50 | 0.33 | 0.19 | 0.37 | 1.42 | 3.20 | 8.85 | |||
| MPNGY | 1.68 | (0.44) | 0.00 | (6.20) | 0.00 | 2.86 | 14.18 | |||
| MPNGF | 2.61 | (0.45) | 0.00 | (0.48) | 0.00 | 6.67 | 20.76 | |||
| ANCTF | 1.02 | (0.11) | 0.00 | (0.31) | 0.00 | 2.05 | 8.89 | |||
| YAHOY | 1.25 | (0.37) | 0.00 | (0.53) | 0.00 | 2.58 | 12.56 | |||
| TOYOF | 2.00 | 0.15 | 0.09 | 0.15 | 2.28 | 6.42 | 19.75 | |||
| JDCMF | 3.28 | 0.17 | 0.01 | 1.24 | 4.69 | 13.65 | 42.33 | |||
| IDEXF | 1.78 | 0.26 | 0.09 | 1.37 | 1.94 | 3.98 | 11.67 | |||
| CDNTF | 0.13 | (0.04) | 0.00 | 0.77 | 0.00 | 0.00 | 5.97 |
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