Quhuo Correlations

QH Stock

USD 0.77 0.07 8.33%

The current 90-days correlation between Quhuo and Bakkt Holdings is 0.18 (i.e., Average diversification). The correlation of Quhuo 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.

Quhuo Correlation With Market

Average diversification

The correlation between Quhuo and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quhuo and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Quhuo Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quhuo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

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

Moving together with Quhuo Stock

0.78	VS	Versus Systems	Pair Corr
0.61	VERX	Vertex Earnings Call Today	Pair Corr

Moving against Quhuo Stock

0.72	MEGASOFT	Megasoft Limited Earnings Call This Week	Pair Corr
0.71	BL	Blackline	Pair Corr
0.69	ZM	Zoom Video Communications	Pair Corr
0.34	DT	Dynatrace Holdings LLC Earnings Call Tomorrow	Pair Corr
0.55	TRB	Tribal Group plc	Pair Corr
0.52	002410	Glodon Software	Pair Corr
0.45	RM	RM Plc	Pair Corr
0.4	300036	Beijing SuperMap Software	Pair Corr
0.34	VERI	Veritone Earnings Call This Week	Pair Corr
0.31	300895	Beijing Topnew Info	Pair Corr
0.53	MKT	DeepMarkit Corp	Pair Corr
0.47	DUOT	Duos Technologies	Pair Corr
0.39	EGAN	eGain Tech Boost	Pair Corr
0.32	VMEO	Vimeo Inc	Pair Corr
0.31	NCC	NCC Group plc	Pair Corr

Related Correlations Analysis

	YMM	SPT	BMBL	DJCO	BKKT	RSKD	CRNC	RDVT	IBTA	CLMB
YMM		-0.2	-0.11	0.24	0.25	-0.38	0.22	0.75	-0.25	0.64	YMM
SPT	-0.2		0.85	0.56	-0.81	0.07	-0.43	-0.58	-0.47	-0.33	SPT
BMBL	-0.11	0.85		0.33	-0.74	0.22	-0.35	-0.52	-0.24	-0.26	BMBL
DJCO	0.24	0.56	0.33		-0.36	-0.36	-0.04	0.03	-0.69	0.22	DJCO
BKKT	0.25	-0.81	-0.74	-0.36		-0.1	0.58	0.63	0.4	0.53	BKKT
RSKD	-0.38	0.07	0.22	-0.36	-0.1		-0.08	-0.32	0.46	-0.26	RSKD
CRNC	0.22	-0.43	-0.35	-0.04	0.58	-0.08		0.41	-0.13	0.69	CRNC
RDVT	0.75	-0.58	-0.52	0.03	0.63	-0.32	0.41		0.04	0.63	RDVT
IBTA	-0.25	-0.47	-0.24	-0.69	0.4	0.46	-0.13	0.04		-0.22	IBTA
CLMB	0.64	-0.33	-0.26	0.22	0.53	-0.26	0.69	0.63	-0.22		CLMB
	YMM	SPT	BMBL	DJCO	BKKT	RSKD	CRNC	RDVT	IBTA	CLMB

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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

BMBL	+ 0.85	SPT
RDVT	+ 0.75	YMM
CLMB	+ 0.69	CRNC
CLMB	+ 0.64	YMM
RDVT	+ 0.63	BKKT
CLMB	+ 0.63	RDVT

High negative correlations

BKKT	- 0.81	SPT
BKKT	- 0.74	BMBL
IBTA	- 0.69	DJCO
RDVT	- 0.58	SPT
RDVT	- 0.52	BMBL
IBTA	- 0.47	SPT

Risk-Adjusted Indicators

There is a big difference between Quhuo Stock performing well and Quhuo 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 Quhuo'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
YMM	1.81	0.12	0.06	0.17	2.21	(1.99)	4.67	(3.75)	17.90
SPT	2.59	(0.90)	0.00	(0.32)	0.00	0.00	3.97	(6.44)	14.48
BMBL	2.56	(0.74)	0.00	(0.20)	0.00	0.00	3.62	(4.19)	24.77
DJCO	2.52	(0.01)	(0.01)	0.07	4.17	(2.32)	6.18	(6.51)	19.80
BKKT	8.01	1.42	0.23	0.37	6.52	(9.49)	28.61	(11.76)	56.13
RSKD	1.74	(0.25)	0.00	(0.05)	0.00	0.00	2.94	(3.81)	18.71
CRNC	4.33	(0.16)	0.05	0.06	4.70	(4.81)	10.72	(7.65)	33.49
RDVT	1.65	0.11	0.07	0.17	1.90	(1.70)	3.77	(3.39)	9.52
IBTA	2.64	(0.26)	0.00	(0.08)	0.00	0.00	4.05	(5.93)	34.27
CLMB	2.32	(0.04)	0.01	0.07	3.48	(2.15)	4.77	(4.89)	14.79

Quhuo Corporate Management

Zhen Ba	CFO, CoFounder	Profile
Fan Pan	Chief Officer	Profile
Gang Wang	COO Director	Profile
Qishu Wang	Associate Relations	Profile

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