Xunlei Correlations

XNET Stock

USD 4.20 0.02 0.47%

The current 90-days correlation between Xunlei Ltd Adr and Travelzoo is 0.21 (i.e., Modest diversification). The correlation of Xunlei 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Xunlei Correlation With Market

Weak diversification

The correlation between Xunlei Ltd Adr 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 Xunlei Ltd Adr and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xunlei Ltd 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 income.

Moving together with Xunlei Stock

0.74	MQ	Marqeta	Pair Corr
0.79	EVTC	Evertec	Pair Corr

Moving against Xunlei Stock

0.68	FLYW	Flywire Corp	Pair Corr
0.64	DLO	Dlocal	Pair Corr
0.62	AI	C3 Ai Inc	Pair Corr
0.62	DBX	Dropbox Earnings Call This Week	Pair Corr
0.6	EXOD	Exodus Movement,	Pair Corr
0.53	S	SentinelOne	Pair Corr
0.53	DVLT	Datavault AI Symbol Change	Pair Corr
0.53	VRAR	Glimpse Group	Pair Corr
0.52	FAASW	DigiAsia Corp	Pair Corr
0.51	FIVN	Five9 Inc	Pair Corr
0.49	VRNS	Varonis Systems Earnings Call This Week	Pair Corr
0.47	BOX	Box Inc	Pair Corr
0.39	VERI	Veritone Earnings Call This Week	Pair Corr
0.35	FMTO	Femto Technologies Symbol Change	Pair Corr
0.34	VRNT	Verint Systems	Pair Corr
0.32	EVCM	EverCommerce	Pair Corr
0.69	ARBEW	Arbe Robotics	Pair Corr
0.63	INFA	Informatica	Pair Corr
0.62	LIDRW	AEye Inc	Pair Corr
0.61	WIX	WixCom	Pair Corr
0.6	IOT	Samsara	Pair Corr
0.59	VHC	VirnetX Holding Corp	Pair Corr
0.56	TDC	Teradata Corp Earnings Call This Week	Pair Corr
0.55	MDB	MongoDB	Pair Corr
0.53	ARQQW	Arqit Quantum Warrants	Pair Corr

Related Correlations Analysis

	TZOO	CYPXF	EEX	ZD	DRCT	GSMGW	IFUS	MOBQ	BAOS	MGOL
TZOO		0.0	0.84	0.9	0.86	0.56	-0.68	0.0	0.88	0.7	TZOO
CYPXF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CYPXF
EEX	0.84	0.0		0.89	0.86	0.6	-0.6	0.0	0.83	0.7	EEX
ZD	0.9	0.0	0.89		0.91	0.71	-0.54	0.0	0.93	0.63	ZD
DRCT	0.86	0.0	0.86	0.91		0.68	-0.54	0.0	0.83	0.67	DRCT
GSMGW	0.56	0.0	0.6	0.71	0.68		-0.44	0.0	0.63	0.45	GSMGW
IFUS	-0.68	0.0	-0.6	-0.54	-0.54	-0.44		0.0	-0.61	-0.6	IFUS
MOBQ	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MOBQ
BAOS	0.88	0.0	0.83	0.93	0.83	0.63	-0.61	0.0		0.66	BAOS
MGOL	0.7	0.0	0.7	0.63	0.67	0.45	-0.6	0.0	0.66		MGOL
	TZOO	CYPXF	EEX	ZD	DRCT	GSMGW	IFUS	MOBQ	BAOS	MGOL

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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

BAOS	+ 0.93	ZD
DRCT	+ 0.91	ZD
ZD	+ 0.9	TZOO
ZD	+ 0.89	EEX
BAOS	+ 0.88	TZOO
DRCT	+ 0.86	TZOO

High negative correlations

IFUS	- 0.68	TZOO
BAOS	- 0.61	IFUS
MGOL	- 0.6	IFUS
IFUS	- 0.6	EEX
IFUS	- 0.54	DRCT
IFUS	- 0.54	ZD

Risk-Adjusted Indicators

There is a big difference between Xunlei Stock performing well and Xunlei 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 Xunlei'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
TZOO	4.07	(0.15)	0.00	(0.25)	0.00	0.00	6.69	(8.25)	23.83
CYPXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EEX	1.92	(0.02)	0.00	(0.15)	0.00	0.00	5.72	(3.89)	17.50
ZD	2.23	(0.70)	0.00	(0.66)	0.00	0.00	4.06	(7.16)	20.20
DRCT	6.57	(0.03)	0.00	(0.16)	0.00	0.00	13.73	(12.63)	115.63
GSMGW	24.84	4.45	0.18	(4.69)	18.79	(52.81)	54.55	(37.50)	142.86
IFUS	6.00	1.35	0.22	(2.44)	6.19	(7.39)	13.50	(10.21)	64.80
MOBQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BAOS	5.58	(0.63)	0.00	(0.83)	0.00	0.00	12.86	(13.11)	36.33
MGOL	52.12	23.43	1.24	4.30	13.96	(84.61)	66.67	(34.72)	155.77

Xunlei Corporate Management

Luhan Tang	Investor Manager	Profile
CFA Naijiang	Chief Officer	Profile
Jinbo Li	Chairman CEO	Profile
Sean Zou	CoFounder Director	Profile
Peng Huang	Strategy Consultant	Profile
Charlene Lu	Investor Manager	Profile

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