Webus International Correlations

WETO Stock

3.99 0.09 2.31%

The current 90-days correlation between Webus International and MGIC Investment Corp is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Webus International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Webus International Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Webus International Correlation With Market

Significant diversification

The correlation between Webus International Limited and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Webus International Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Webus Stock

0.66	VERX	Vertex	Pair Corr
0.69	VTEX	VTEX	Pair Corr

Moving against Webus Stock

0.51	QH	Quhuo	Pair Corr
0.35	ZI	ZoomInfo Technologies	Pair Corr

Related Correlations Analysis

	MTG	AMP	FMCKO	CDR-PB	UHAL	LLESF
MTG		0.67	0.54	-0.3	0.64	0.21	MTG
AMP	0.67		0.58	-0.51	0.82	0.14	AMP
FMCKO	0.54	0.58		-0.14	0.53	-0.05	FMCKO
CDR-PB	-0.3	-0.51	-0.14		-0.28	-0.21	CDR-PB
UHAL	0.64	0.82	0.53	-0.28		0.31	UHAL
LLESF	0.21	0.14	-0.05	-0.21	0.31		LLESF
	MTG	AMP	FMCKO	CDR-PB	UHAL	LLESF

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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

UHAL	+ 0.82	AMP
AMP	+ 0.67	MTG
UHAL	+ 0.64	MTG
FMCKO	+ 0.58	AMP
FMCKO	+ 0.54	MTG
UHAL	+ 0.53	FMCKO

High negative correlations

CDR-PB	- 0.51	AMP
CDR-PB	- 0.3	MTG
UHAL	- 0.28	CDR-PB
LLESF	- 0.21	CDR-PB
CDR-PB	- 0.14	FMCKO
LLESF	- 0.05	FMCKO

Risk-Adjusted Indicators

There is a big difference between Webus Stock performing well and Webus International 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 Webus International'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
MTG	1.36	0.13	0.07	0.06	1.88	(1.40)	2.39	(2.85)	9.36
AMP	1.71	(0.05)	0.00	(0.11)	0.00	0.00	2.68	(4.75)	14.51
FMCKO	1.87	(0.03)	0.00	(0.13)	0.00	0.00	5.56	(5.75)	16.71
CDR-PB	1.69	0.16	0.06	0.46	2.72	(2.00)	4.77	(4.38)	21.31
UHAL	1.47	(0.10)	0.00	(0.18)	0.00	0.00	2.32	(3.53)	11.10
LLESF	0.38	0.13	0.00	4.87	0.00	0.00	0.54	0.00	3.49

Webus International Corporate Management

Chunyun Wu	General Tech	Profile
Wenxin He	CoChief Officer	Profile
Shijie Wang	Chief Officer	Profile
Yizhou Chen	CoChief Officer	Profile

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