Youxin Technology Correlations

YAAS Stock

2.31 0.03 1.32%

The current 90-days correlation between Youxin Technology and Quhuo is -0.02 (i.e., Good diversification). The correlation of Youxin Technology 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.

Youxin Technology Correlation With Market

Significant diversification

The correlation between Youxin Technology Ltd 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 Youxin Technology Ltd 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 Youxin Technology Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Youxin Stock

0.91	BL	Blackline	Pair Corr
0.71	DT	Dynatrace Holdings LLC	Pair Corr
0.71	DV	DoubleVerify Holdings	Pair Corr
0.74	WK	Workiva	Pair Corr
0.83	ZM	Zoom Video Communications	Pair Corr
0.87	DMRC	Digimarc	Pair Corr
0.85	DOCU	DocuSign	Pair Corr
0.87	VERX	Vertex Earnings Call Today	Pair Corr
0.71	VERB	Verb Technology Earnings Call This Week	Pair Corr
0.79	DSGX	Descartes Systems	Pair Corr
0.61	DUOT	Duos Technologies Earnings Call This Week	Pair Corr
0.83	VMEO	Vimeo Inc	Pair Corr
0.8	VTEX	VTEX	Pair Corr
0.63	ILLRW	Triller Group Symbol Change	Pair Corr
0.93	EGAN	eGain Earnings Call Tomorrow	Pair Corr
0.72	EGHT	8x8 Common Stock Earnings Call Today	Pair Corr
0.86	ELWS	Earlyworks Co,	Pair Corr
0.68	WDAY	Workday	Pair Corr
0.72	ESTC	Elastic NV	Pair Corr
0.85	ETWO	E2open Parent Holdings	Pair Corr
0.65	EXFY	Expensify	Pair Corr
0.61	API	Agora Inc	Pair Corr
0.63	APP	Applovin Corp Earnings Call Today	Pair Corr
0.91	BMR	Beamr Imaging	Pair Corr
0.65	BSY	Bentley Systems	Pair Corr
0.84	CRM	Salesforce	Pair Corr

Moving against Youxin Stock

0.38	QH	Quhuo	Pair Corr
0.32	VCSA	Vacasa Inc	Pair Corr

Related Correlations Analysis

	U	DJCO	BL	DT	DV	PD	QH	VS	WK	ZI
U		0.31	0.12	0.57	0.48	0.36	0.44	0.38	0.44	0.59	U
DJCO	0.31		0.54	0.72	0.7	0.79	-0.08	0.16	0.65	0.43	DJCO
BL	0.12	0.54		0.69	0.66	0.65	-0.29	0.26	0.82	0.39	BL
DT	0.57	0.72	0.69		0.94	0.76	-0.04	0.23	0.85	0.64	DT
DV	0.48	0.7	0.66	0.94		0.64	-0.18	0.13	0.75	0.45	DV
PD	0.36	0.79	0.65	0.76	0.64		0.15	0.3	0.83	0.72	PD
QH	0.44	-0.08	-0.29	-0.04	-0.18	0.15		0.38	0.16	0.54	QH
VS	0.38	0.16	0.26	0.23	0.13	0.3	0.38		0.41	0.53	VS
WK	0.44	0.65	0.82	0.85	0.75	0.83	0.16	0.41		0.78	WK
ZI	0.59	0.43	0.39	0.64	0.45	0.72	0.54	0.53	0.78		ZI
	U	DJCO	BL	DT	DV	PD	QH	VS	WK	ZI

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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

DV	+ 0.94	DT
WK	+ 0.85	DT
WK	+ 0.83	PD
WK	+ 0.82	BL
PD	+ 0.79	DJCO
ZI	+ 0.78	WK

High negative correlations

QH	- 0.29	BL
QH	- 0.18	DV
QH	- 0.08	DJCO
QH	- 0.04	DT

Risk-Adjusted Indicators

There is a big difference between Youxin Stock performing well and Youxin Technology 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 Youxin Technology'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
U	3.87	0.27	0.03	0.03	5.11	(3.72)	6.49	(7.57)	43.42
DJCO	2.04	(0.03)	0.00	(0.15)	0.00	0.00	4.31	(4.36)	16.65
BL	1.60	(0.28)	0.00	(0.39)	0.00	0.00	2.85	(3.20)	19.73
DT	1.82	(0.11)	0.00	(0.22)	0.00	0.00	2.59	(4.58)	13.07
DV	2.60	(0.47)	0.00	(5.34)	0.00	0.00	3.94	(4.65)	40.25
PD	2.11	(0.04)	0.00	(0.15)	0.00	0.00	3.60	(3.94)	26.16
QH	2.12	(0.14)	0.00	0.49	0.00	0.00	4.35	(3.57)	12.59
VS	3.19	(0.05)	0.00	(0.24)	0.00	0.00	7.25	(6.84)	21.45
WK	2.27	(0.41)	0.00	(0.45)	0.00	0.00	3.85	(4.75)	22.30
ZI	2.80	0.13	0.00	(0.06)	0.00	0.00	4.29	(7.03)	37.42

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