Waterdrop ADR Correlations

WDH Stock

USD 1.68 0.02 1.18%

The current 90-days correlation between Waterdrop ADR and Enstar Group Limited is -0.03 (i.e., Good diversification). The correlation of Waterdrop ADR 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.

Waterdrop ADR Correlation With Market

Weak diversification

The correlation between Waterdrop ADR and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Waterdrop ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Waterdrop Stock

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

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

Moving together with Waterdrop Stock

0.64	ESGR	Enstar Group Limited	Pair Corr
0.69	AEG	Aegon NV ADR	Pair Corr
0.71	BNT	Brookfield Wealth Symbol Change	Pair Corr
0.67	C	Citigroup Aggressive Push	Pair Corr
0.66	L	Loews Corp	Pair Corr
0.68	AC	Associated Capital	Pair Corr
0.64	AX	Axos Financial	Pair Corr
0.75	BK	Bank of New York	Pair Corr
0.71	BN	Brookfield Corp	Pair Corr
0.65	BX	Blackstone Group Normal Trading	Pair Corr
0.68	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.69	CM	Canadian Imperial Bank	Pair Corr
0.67	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr

Moving against Waterdrop Stock

0.35

Everest Group

Pair Corr

Related Correlations Analysis

	IGICW	ESGR	GSHD	EQH	FGFPP	ORI	AXAHF	ARZGF	AGESY	ATH-PB
IGICW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IGICW
ESGR	0.0		-0.06	0.73	0.58	-0.14	0.66	0.53	0.86	0.81	ESGR
GSHD	0.0	-0.06		0.1	-0.08	0.34	-0.34	-0.2	-0.13	-0.25	GSHD
EQH	0.0	0.73	0.1		0.49	0.2	0.7	0.73	0.84	0.72	EQH
FGFPP	0.0	0.58	-0.08	0.49		-0.23	0.54	0.26	0.67	0.57	FGFPP
ORI	0.0	-0.14	0.34	0.2	-0.23		-0.11	0.08	-0.09	-0.07	ORI
AXAHF	0.0	0.66	-0.34	0.7	0.54	-0.11		0.75	0.85	0.67	AXAHF
ARZGF	0.0	0.53	-0.2	0.73	0.26	0.08	0.75		0.65	0.53	ARZGF
AGESY	0.0	0.86	-0.13	0.84	0.67	-0.09	0.85	0.65		0.83	AGESY
ATH-PB	0.0	0.81	-0.25	0.72	0.57	-0.07	0.67	0.53	0.83		ATH-PB
	IGICW	ESGR	GSHD	EQH	FGFPP	ORI	AXAHF	ARZGF	AGESY	ATH-PB

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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

AGESY	+ 0.86	ESGR
AGESY	+ 0.85	AXAHF
AGESY	+ 0.84	EQH
ATH-PB	+ 0.83	AGESY
ATH-PB	+ 0.81	ESGR
ARZGF	+ 0.75	AXAHF

High negative correlations

AXAHF	- 0.34	GSHD
ATH-PB	- 0.25	GSHD
ORI	- 0.23	FGFPP
ARZGF	- 0.2	GSHD
ORI	- 0.14	ESGR
AGESY	- 0.13	GSHD

Risk-Adjusted Indicators

There is a big difference between Waterdrop Stock performing well and Waterdrop ADR 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 Waterdrop ADR'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
IGICW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESGR	0.15	0.02	(0.64)	(0.63)	0.07	(0.17)	0.37	(0.20)	0.85
GSHD	2.14	(0.27)	0.00	(0.06)	0.00	0.00	4.85	(5.00)	16.85
EQH	1.37	0.00	0.03	0.13	1.55	(1.45)	2.96	(2.92)	8.53
FGFPP	1.50	0.20	0.01	(0.54)	1.88	(2.14)	3.07	(2.87)	17.09
ORI	0.93	(0.12)	0.00	(0.03)	0.00	0.00	2.24	(2.16)	6.45
AXAHF	1.13	0.23	0.02	(0.57)	1.39	(1.61)	2.93	(2.82)	12.45
ARZGF	0.21	0.08	0.00	0.87	0.00	0.00	0.00	0.00	6.71
AGESY	1.05	0.19	0.07	1.27	1.04	(1.15)	2.40	(2.03)	6.43
ATH-PB	0.45	0.07	(0.06)	0.45	0.40	(0.53)	1.18	(0.85)	2.56

Waterdrop ADR Corporate Management

Guang Yang	Director and General Manager of Insurance Marketplace	Profile
Xiaolei Sun	Vice Development	Profile
Heping Feng	Independent Director	Profile
Chenyang Wei	Independent Director	Profile
Hui Teng	Chief Actuary	Profile
Haiyang Yu	Director	Profile

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