Real Messenger Correlations

RMSG Stock

2.10 0.00 0.00%

The current 90-days correlation between Real Messenger and Kanzhun Ltd ADR is 0.21 (i.e., Modest diversification). The correlation of Real Messenger 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.

Real Messenger Correlation With Market

Average diversification

The correlation between Real Messenger 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 Real Messenger and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Real Stock

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

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

Moving together with Real Stock

0.63

GENI

Genius Sports

Pair Corr

Moving against Real Stock

0.57	GITS	Global Interactive Symbol Change	Pair Corr
0.49	WB	Weibo Corp	Pair Corr
0.45	OB	Outbrain	Pair Corr
0.39	EB	Eventbrite Class A	Pair Corr
0.36	ZH	Zhihu Inc ADR	Pair Corr
0.34	CCG	Cheche Group Class	Pair Corr
0.34	SLE	Super League Enterprise	Pair Corr
0.32	RUM	Rumble Inc	Pair Corr
0.32	GETY	Getty Images Holdings	Pair Corr
0.31	FENG	Phoenix New Media	Pair Corr
0.62	JOYY	Infusive Compounding Symbol Change	Pair Corr
0.6	MOMO	Hello Group	Pair Corr
0.57	ONFO	Onfolio Holdings	Pair Corr
0.51	META	Meta Platforms Earnings Call Shortly	Pair Corr
0.5	RDDT	Reddit, Earnings Call Shortly	Pair Corr
0.49	PINS	Pinterest Earnings Call Shortly	Pair Corr
0.47	IZEA	IZEA Inc	Pair Corr
0.47	NBIS	Nebius Group NV Symbol Change	Pair Corr
0.45	KIND	Nextdoor Holdings	Pair Corr
0.44	OPRA	Opera	Pair Corr
0.37	LCFY	Locafy	Pair Corr
0.33	BZFDW	BuzzFeed	Pair Corr
0.31	MNYWW	MoneyHero Limited	Pair Corr

Related Correlations Analysis

	BZ	EB	OB	WB	ZH	DOYU	WBTN	EVER	FENG	CCG
BZ		-0.36	-0.29	0.4	0.53	-0.28	-0.38	0.84	0.33	0.3	BZ
EB	-0.36		0.96	0.54	-0.03	0.86	0.87	-0.48	0.62	-0.07	EB
OB	-0.29	0.96		0.6	0.01	0.88	0.85	-0.42	0.68	-0.05	OB
WB	0.4	0.54	0.6		0.67	0.42	0.39	0.28	0.81	0.42	WB
ZH	0.53	-0.03	0.01	0.67		-0.24	-0.28	0.59	0.52	0.65	ZH
DOYU	-0.28	0.86	0.88	0.42	-0.24		0.88	-0.5	0.47	-0.29	DOYU
WBTN	-0.38	0.87	0.85	0.39	-0.28	0.88		-0.53	0.38	-0.13	WBTN
EVER	0.84	-0.48	-0.42	0.28	0.59	-0.5	-0.53		0.15	0.51	EVER
FENG	0.33	0.62	0.68	0.81	0.52	0.47	0.38	0.15		0.18	FENG
CCG	0.3	-0.07	-0.05	0.42	0.65	-0.29	-0.13	0.51	0.18		CCG
	BZ	EB	OB	WB	ZH	DOYU	WBTN	EVER	FENG	CCG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

OB	+ 0.96	EB
DOYU	+ 0.88	OB
WBTN	+ 0.88	DOYU
WBTN	+ 0.87	EB
DOYU	+ 0.86	EB
WBTN	+ 0.85	OB

High negative correlations

EVER	- 0.53	WBTN
EVER	- 0.5	DOYU
EVER	- 0.48	EB
EVER	- 0.42	OB
WBTN	- 0.38	BZ
EB	- 0.36	BZ

Risk-Adjusted Indicators

There is a big difference between Real Stock performing well and Real Messenger 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 Real Messenger'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	2.70	0.22	0.04	0.04	4.21	(2.93)	5.26	(6.25)	26.72
EB	2.80	(0.53)	0.00	(0.79)	0.00	0.00	6.22	(4.72)	30.81
OB	3.22	(0.50)	0.00	(0.47)	0.00	0.00	7.46	(7.16)	24.67
WB	2.51	0.08	0.00	(0.05)	0.00	0.00	5.14	(5.76)	13.41
ZH	3.61	0.50	0.10	0.35	4.55	(3.76)	8.05	(8.31)	27.14
DOYU	3.65	(0.57)	0.00	(0.51)	0.00	0.00	8.37	(6.67)	59.53
WBTN	2.96	(0.24)	0.00	(0.31)	0.00	0.00	6.00	(5.76)	25.23
EVER	3.47	0.71	0.15	0.34	3.75	(3.76)	6.84	(5.89)	38.41
FENG	3.76	(0.15)	0.00	(0.48)	0.00	0.00	8.57	(8.07)	27.25
CCG	4.67	0.30	0.07	(3.02)	6.13	(5.63)	10.48	(10.53)	45.87

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC