Kingsoft Cloud Correlations

KC Stock

USD 2.18 0.04 1.80%

The current 90-days correlation between Kingsoft Cloud Holdings and Alight Inc is 0.14 (i.e., Average diversification). The correlation of Kingsoft Cloud 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.

Kingsoft Cloud Correlation With Market

Weak diversification

The correlation between Kingsoft Cloud Holdings and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kingsoft Cloud Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingsoft Cloud Holdings. 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 Kingsoft Stock

0.85	AI	C3 Ai Inc	Pair Corr
0.75	EB	Eventbrite Class A	Pair Corr
0.81	ML	MoneyLion	Pair Corr
0.76	PD	Pagerduty	Pair Corr
0.61	ZI	ZoomInfo Technologies	Pair Corr
0.78	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.68	DUOT	Duos Technologies Tech Boost	Pair Corr
0.77	VTSI	VirTra Inc	Pair Corr
0.7	ELCO	Elcom International	Pair Corr
0.74	XELAP	Exela Technologies	Pair Corr

Moving against Kingsoft Stock

0.66	DT	Dynatrace Holdings LLC	Pair Corr
0.58	DJCO	Daily Journal Corp	Pair Corr
0.56	ZM	Zoom Video Communications	Pair Corr
0.47	DTRK	DATATRAK International	Pair Corr
0.44	DUOL	Duolingo Buyout Trend	Pair Corr
0.4	BL	Blackline	Pair Corr
0.36	DOCU	DocuSign	Pair Corr
0.35	QH	Quhuo	Pair Corr
0.77	WEBB	Web Global Holdings	Pair Corr
0.71	VMEO	Vimeo Inc	Pair Corr
0.69	DIDIY	Didi Global ADR	Pair Corr
0.63	AMSWA	American Software	Pair Corr
0.54	WDAY	Workday	Pair Corr
0.48	EXFY	Expensify	Pair Corr

Related Correlations Analysis

	GBTG	ALIT	LAW	HTCR	IFBD	SMAR	SPT	RSKD	DOMO	MITK
GBTG		-0.03	-0.1	-0.13	-0.71	0.83	-0.53	-0.78	0.08	-0.65	GBTG
ALIT	-0.03		0.71	0.42	0.25	-0.03	0.33	0.23	0.18	0.41	ALIT
LAW	-0.1	0.71		0.35	0.31	-0.06	0.53	0.37	0.39	0.61	LAW
HTCR	-0.13	0.42	0.35		0.58	-0.19	0.56	0.41	0.24	0.47	HTCR
IFBD	-0.71	0.25	0.31	0.58		-0.8	0.68	0.87	-0.1	0.71	IFBD
SMAR	0.83	-0.03	-0.06	-0.19	-0.8		-0.44	-0.78	0.29	-0.55	SMAR
SPT	-0.53	0.33	0.53	0.56	0.68	-0.44		0.74	0.53	0.81	SPT
RSKD	-0.78	0.23	0.37	0.41	0.87	-0.78	0.74		0.04	0.83	RSKD
DOMO	0.08	0.18	0.39	0.24	-0.1	0.29	0.53	0.04		0.35	DOMO
MITK	-0.65	0.41	0.61	0.47	0.71	-0.55	0.81	0.83	0.35		MITK
	GBTG	ALIT	LAW	HTCR	IFBD	SMAR	SPT	RSKD	DOMO	MITK

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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

RSKD	+ 0.87	IFBD
SMAR	+ 0.83	GBTG
MITK	+ 0.83	RSKD
MITK	+ 0.81	SPT
RSKD	+ 0.74	SPT
LAW	+ 0.71	ALIT

High negative correlations

SMAR	- 0.8	IFBD
RSKD	- 0.78	SMAR
RSKD	- 0.78	GBTG
IFBD	- 0.71	GBTG
MITK	- 0.65	GBTG
MITK	- 0.55	SMAR

Risk-Adjusted Indicators

There is a big difference between Kingsoft Stock performing well and Kingsoft Cloud 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 Kingsoft Cloud'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
GBTG	1.71	0.08	0.06	0.15	1.93	(1.81)	3.46	(3.48)	22.29
ALIT	1.47	(0.06)	(0.04)	0.02	1.98	(1.50)	2.44	(3.32)	8.02
LAW	2.19	(0.15)	(0.02)	0.03	2.61	(2.26)	5.06	(4.21)	11.79
HTCR	4.08	(0.13)	(0.01)	0.01	5.38	(4.67)	7.81	(8.22)	31.34
IFBD	3.08	(0.88)	0.00	(0.89)	0.00	0.00	6.21	(5.83)	22.46
SMAR	1.39	0.28	0.15	0.68	1.19	(1.67)	3.52	(2.27)	8.19
SPT	2.46	(0.45)	0.00	(0.10)	0.00	0.00	3.69	(5.50)	16.29
RSKD	1.96	(0.42)	0.00	(0.34)	0.00	0.00	3.09	(3.78)	27.98
DOMO	2.51	(0.04)	0.01	0.08	2.82	(2.65)	5.71	(4.21)	17.67
MITK	2.21	(0.42)	0.00	(0.22)	0.00	0.00	3.73	(4.36)	31.23

Kingsoft Cloud Corporate Management

Shouhu Wang	President	Profile
Nicole Shan	Investor Officer	Profile
Haijian He	Chief Officer	Profile
ACIS ACS	Company Secretary	Profile
Shouxing Liang	Chief Officer	Profile
Tao Zou	Vice CEO	Profile

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