Aurora Mobile Correlations

JG Stock

USD 11.36 0.27 2.32%

The current 90-days correlation between Aurora Mobile and Alarum Technologies is 0.01 (i.e., Significant diversification). The correlation of Aurora Mobile 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.

Aurora Mobile Correlation With Market

Modest diversification

The correlation between Aurora Mobile and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aurora Mobile and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Aurora Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Aurora Mobile. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more detail on how to invest in Aurora Stock please use our How to Invest in Aurora Mobile guide.

Moving together with Aurora Stock

0.77	BB	BlackBerry	Pair Corr
0.91	MQ	Marqeta	Pair Corr
0.65	NN	Nextnav Acquisition Corp	Pair Corr
0.79	ZS	Zscaler	Pair Corr
0.71	VRAR	Glimpse Group Tech Boost	Pair Corr
0.85	VRNS	Varonis Systems Earnings Call This Week	Pair Corr
0.64	FAAS	DigiAsia Corp	Pair Corr
0.84	FFIV	F5 Networks Earnings Call This Week	Pair Corr
0.68	FLYW	Flywire Corp	Pair Corr
0.85	FOUR	Shift4 Payments	Pair Corr
0.84	DLO	Dlocal	Pair Corr
0.85	GCT	GigaCloud Technology Tech Boost	Pair Corr
0.79	GEN	Gen Digital	Pair Corr
0.74	GENVR	Gen Digital Contingent	Pair Corr
0.77	MDB	MongoDB	Pair Corr
0.89	NET	Cloudflare Earnings Call This Week	Pair Corr
0.73	ODD	ODDITY Tech	Pair Corr
0.81	PGY	Pagaya Technologies Tech Boost	Pair Corr

Moving against Aurora Stock

0.59	EXOD	Exodus Movement,	Pair Corr
0.42	DBX	Dropbox	Pair Corr
0.41	DOCN	DigitalOcean Holdings	Pair Corr
0.35	FATN	FatPipe, Common Stock	Pair Corr
0.81	XBP	XBP Europe Holdings	Pair Corr
0.52	GDDY	Godaddy Earnings Call This Week	Pair Corr
0.51	WIX	WixCom	Pair Corr
0.49	APCXW	AppTech Payments Corp	Pair Corr
0.36	RPD	Rapid7 Inc	Pair Corr

Related Correlations Analysis

	ALAR	CISO	TAOP	NXTP	BLIN	AACG	YJ	CLPS	TOUR
ALAR		0.45	-0.76	0.0	-0.66	-0.49	0.78	-0.35	-0.68	ALAR
CISO	0.45		-0.15	0.0	-0.31	-0.31	0.15	-0.22	-0.23	CISO
TAOP	-0.76	-0.15		0.0	0.4	0.32	-0.67	0.17	0.69	TAOP
NXTP	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	NXTP
BLIN	-0.66	-0.31	0.4	0.0		0.49	-0.5	0.25	0.63	BLIN
AACG	-0.49	-0.31	0.32	0.0	0.49		-0.25	0.35	0.45	AACG
YJ	0.78	0.15	-0.67	0.0	-0.5	-0.25		-0.29	-0.52	YJ
CLPS	-0.35	-0.22	0.17	0.0	0.25	0.35	-0.29		0.18	CLPS
TOUR	-0.68	-0.23	0.69	0.0	0.63	0.45	-0.52	0.18		TOUR
	ALAR	CISO	TAOP	NXTP	BLIN	AACG	YJ	CLPS	TOUR

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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

YJ	+ 0.78	ALAR
TOUR	+ 0.69	TAOP
TOUR	+ 0.63	BLIN
AACG	+ 0.49	BLIN
CISO	+ 0.45	ALAR
TOUR	+ 0.45	AACG

High negative correlations

TAOP	- 0.76	ALAR
TOUR	- 0.68	ALAR
YJ	- 0.67	TAOP
BLIN	- 0.66	ALAR
TOUR	- 0.52	YJ
YJ	- 0.5	BLIN

Risk-Adjusted Indicators

There is a big difference between Aurora Stock performing well and Aurora Mobile 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 Aurora Mobile'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
ALAR	4.09	0.72	0.20	0.89	3.44	(5.42)	8.20	(6.01)	48.48
CISO	7.48	1.38	0.16	0.99	8.13	(9.91)	20.87	(11.54)	87.34
TAOP	6.61	(1.72)	(0.01)	0.01	9.46	(8.21)	9.81	(18.30)	117.33
NXTP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BLIN	2.60	0.05	(0.04)	0.49	3.06	(3.40)	5.35	(5.24)	23.89
AACG	3.28	0.34	0.03	5.79	3.24	(4.53)	6.25	(5.05)	48.94
YJ	3.91	0.20	0.00	1.48	5.47	(4.28)	7.38	(8.62)	32.70
CLPS	2.08	(0.16)	0.00	(0.73)	0.00	0.00	4.30	(4.21)	17.09
TOUR	1.85	(0.14)	(0.07)	0.05	2.15	(2.49)	4.49	(4.40)	10.65

Aurora Mobile Corporate Management

ShanNen Bong	Chief Officer	Profile
Weidong Luo	Chairman CoFounder	Profile
Qing Zhang	Deputy Officer	Profile
Guoxiao Ben	Chief Officer	Profile

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