Cheche Group Correlations

CCG Stock

0.81 0.01 1.25%

The current 90-days correlation between Cheche Group Class and Kanzhun Ltd ADR is -0.02 (i.e., Good diversification). The correlation of Cheche 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.

Cheche Group Correlation With Market

Average diversification

The correlation between Cheche Group Class and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cheche Group Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cheche Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cheche Group Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Cheche Stock

0.76	DJT	Trump Media Technology	Pair Corr
0.71	SLE	Super League Enterprise	Pair Corr
0.69	GIBO	Global IBO Group	Pair Corr
0.64	SEATW	Vivid Seats Warrant	Pair Corr
0.7	NAMI	Jinxin Technology Holding	Pair Corr

Moving against Cheche Stock

0.7	TME	Tencent Music Entert	Pair Corr
0.67	EB	Eventbrite Class A	Pair Corr
0.62	WB	Weibo Corp	Pair Corr
0.59	BZ	Kanzhun Ltd ADR	Pair Corr
0.49	IAC	IAC Inc	Pair Corr
0.48	MAX	MediaAlpha	Pair Corr
0.38	FENG	Phoenix New Media	Pair Corr
0.32	ZH	Zhihu Inc ADR	Pair Corr
0.69	JFIN	Jiayin Group	Pair Corr
0.69	JOYY	JOYY Inc Symbol Change	Pair Corr
0.65	BZFDW	BuzzFeed	Pair Corr
0.63	ZDGE	Zedge Inc	Pair Corr
0.6	GOOG	Alphabet Class C Earnings Call This Week	Pair Corr
0.54	IZEA	IZEA Inc	Pair Corr
0.51	KIND	Nextdoor Holdings	Pair Corr
0.45	GITS	Global Interactive Symbol Change	Pair Corr
0.33	MNYWW	MoneyHero Limited	Pair Corr
0.7	PINS	Pinterest Aggressive Push	Pair Corr
0.69	MOMO	Hello Group	Pair Corr
0.68	META	Meta Platforms	Pair Corr
0.67	NBIS	Nebius Group NV Symbol Change	Pair Corr

Related Correlations Analysis

	BZ	EB	SJ	WB	ZH	DOYU	WBTN	EVER	FENG
BZ		0.72	-0.01	0.87	0.52	0.18	0.18	0.62	0.75	BZ
EB	0.72		-0.26	0.76	0.32	-0.11	0.11	0.47	0.38	EB
SJ	-0.01	-0.26		-0.2	-0.09	-0.01	-0.04	0.07	0.07	SJ
WB	0.87	0.76	-0.2		0.52	0.16	0.19	0.54	0.61	WB
ZH	0.52	0.32	-0.09	0.52		0.7	0.65	0.41	0.52	ZH
DOYU	0.18	-0.11	-0.01	0.16	0.7		0.68	0.37	0.45	DOYU
WBTN	0.18	0.11	-0.04	0.19	0.65	0.68		0.37	0.44	WBTN
EVER	0.62	0.47	0.07	0.54	0.41	0.37	0.37		0.52	EVER
FENG	0.75	0.38	0.07	0.61	0.52	0.45	0.44	0.52		FENG
	BZ	EB	SJ	WB	ZH	DOYU	WBTN	EVER	FENG

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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

WB	+ 0.87	BZ
WB	+ 0.76	EB
FENG	+ 0.75	BZ
EB	+ 0.72	BZ
DOYU	+ 0.7	ZH
WBTN	+ 0.68	DOYU

High negative correlations

SJ	- 0.26	EB
WB	- 0.2	SJ
DOYU	- 0.11	EB
ZH	- 0.09	SJ
WBTN	- 0.04	SJ
DOYU	- 0.01	SJ

Risk-Adjusted Indicators

There is a big difference between Cheche Stock performing well and Cheche 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 Cheche 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
BZ	1.94	0.27	0.15	0.35	1.64	(2.36)	4.77	(3.13)	16.12
EB	2.36	0.19	0.01	(0.88)	2.65	(2.77)	5.78	(5.36)	13.70
SJ	4.89	0.31	0.04	0.64	5.60	(5.96)	14.44	(10.68)	30.31
WB	1.45	0.43	0.25	2.72	0.93	(1.87)	4.28	(1.83)	9.01
ZH	2.12	0.45	0.12	(22.04)	2.04	(2.36)	6.13	(3.97)	11.38
DOYU	2.06	0.25	0.07	0.48	2.73	(2.18)	5.53	(4.80)	18.39
WBTN	2.33	0.14	0.05	0.23	3.82	(2.52)	4.71	(4.27)	22.99
EVER	1.90	0.14	0.06	0.24	2.78	(2.00)	4.09	(4.20)	22.44
FENG	3.63	0.37	0.11	0.36	3.63	(4.32)	9.26	(6.94)	25.00

Cheche Group Corporate Management

Cheng Zhong	CoChief Officer	Profile
Wenting Ji	Chief Officer	Profile
Yanjun Liu	Chief Officer	Profile
Jianxiang Zhou	Chief Officer	Profile
Weiqing Xiang	Financial Controller	Profile
Ting Lin	Chief Officer	Profile

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