FinVolution Correlations

FINV Stock

USD 9.84 0.29 2.86%

The current 90-days correlation between FinVolution Group and 360 Finance is 0.61 (i.e., Poor diversification). The correlation of FinVolution 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. If the correlation is 0, the equities are not correlated; they are entirely random.

FinVolution Correlation With Market

Modest diversification

The correlation between FinVolution Group and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FinVolution Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FinVolution Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FinVolution Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with FinVolution Stock

0.95	GS	Goldman Sachs Group	Pair Corr
0.91	AXP	American Express	Pair Corr
0.94	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.92	SCM	Stellus Capital Inve	Pair Corr
0.67	GAIN	Gladstone Investment	Pair Corr
0.9	GLAD	Gladstone Capital	Pair Corr
0.86	HTGC	Hercules Capital	Pair Corr
0.9	MAIN	Main Street Capital	Pair Corr
0.7	OPFI	OppFi Inc	Pair Corr
0.9	PFLT	PennantPark Floating Rate	Pair Corr
0.81	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.93	ALLY	Ally Financial	Pair Corr
0.89	ARCC	Ares Capital	Pair Corr
0.85	TPVG	Triplepoint Venture	Pair Corr
0.89	TSLX	Sixth Street Specialty	Pair Corr
0.94	CSWC	Capital Southwest	Pair Corr
0.94	C	Citigroup Aggressive Push	Pair Corr
0.87	L	Loews Corp	Pair Corr
0.9	DHIL	Diamond Hill Investment	Pair Corr
0.78	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.71	AC	Associated Capital	Pair Corr
0.95	AX	Axos Financial	Pair Corr
0.88	BK	Bank of New York	Pair Corr
0.93	BN	Brookfield Corp	Pair Corr
0.87	BX	Blackstone Group Normal Trading	Pair Corr
0.75	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.95	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.93	CM	Canadian Imperial Bank	Pair Corr
0.91	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.66	HG	Hamilton Insurance Group,	Pair Corr
0.89	IX	Orix Corp Ads	Pair Corr

Moving against FinVolution Stock

0.4	PSEC	Prospect Capital	Pair Corr
0.65	EG	Everest Group	Pair Corr
0.63	FG	FG Annuities Life	Pair Corr
0.36	CB	Chubb Earnings Call This Week	Pair Corr
0.33	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	QFIN	LU	QD	XYF	ATLCP	IX	AGM	ENVA	YRD	LX
QFIN		0.54	0.57	0.49	0.12	0.49	0.67	0.39	0.18	0.37	QFIN
LU	0.54		0.17	0.33	0.46	0.16	0.27	-0.17	0.5	0.37	LU
QD	0.57	0.17		0.78	-0.27	0.86	0.49	0.78	0.01	-0.3	QD
XYF	0.49	0.33	0.78		-0.31	0.9	0.64	0.57	0.21	-0.42	XYF
ATLCP	0.12	0.46	-0.27	-0.31		-0.49	-0.17	-0.62	0.35	0.64	ATLCP
IX	0.49	0.16	0.86	0.9	-0.49		0.6	0.8	0.01	-0.49	IX
AGM	0.67	0.27	0.49	0.64	-0.17	0.6		0.47	0.07	0.05	AGM
ENVA	0.39	-0.17	0.78	0.57	-0.62	0.8	0.47		-0.25	-0.36	ENVA
YRD	0.18	0.5	0.01	0.21	0.35	0.01	0.07	-0.25		0.24	YRD
LX	0.37	0.37	-0.3	-0.42	0.64	-0.49	0.05	-0.36	0.24		LX
	QFIN	LU	QD	XYF	ATLCP	IX	AGM	ENVA	YRD	LX

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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

IX	+ 0.9	XYF
IX	+ 0.86	QD
ENVA	+ 0.8	IX
XYF	+ 0.78	QD
ENVA	+ 0.78	QD
AGM	+ 0.67	QFIN

High negative correlations

ENVA	- 0.62	ATLCP
LX	- 0.49	IX
IX	- 0.49	ATLCP
LX	- 0.42	XYF
LX	- 0.36	ENVA
ATLCP	- 0.31	XYF

Risk-Adjusted Indicators

There is a big difference between FinVolution Stock performing well and FinVolution 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 FinVolution'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
QFIN	1.74	0.03	0.03	0.15	1.70	(2.04)	6.07	(3.05)	10.02
LU	2.28	0.21	0.02	(1.26)	2.50	(2.70)	5.76	(5.08)	18.08
QD	1.81	0.25	0.09	0.50	1.71	(2.34)	3.64	(3.46)	14.01
XYF	3.37	0.67	0.19	0.91	2.95	(3.91)	6.82	(5.02)	25.45
ATLCP	0.38	(0.01)	0.00	(0.58)	0.00	0.00	1.37	(1.14)	3.74
IX	0.88	0.29	0.12	(1.49)	0.77	(1.01)	2.25	(1.64)	6.41
AGM	1.45	(0.08)	(0.04)	0.05	2.15	(1.55)	2.72	(2.71)	14.41
ENVA	1.51	0.17	0.11	0.26	1.75	(1.69)	3.76	(2.48)	11.70
YRD	2.26	0.00	(0.01)	0.13	2.78	(2.70)	6.14	(5.30)	18.39
LX	2.81	(0.32)	0.00	(0.07)	0.00	0.00	8.86	(5.12)	22.65

FinVolution Corporate Management

Bing Xiang	Independent Director	Profile
Tiezheng Li	President Vice Chairman of the Board, Co-Founder	Profile
Shaofeng Gu	Chairman of the Board, Co-Founder, Chief Innovation Officer	Profile
Jimmy Lai	Independent Director	Profile

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