Boqii Holding Correlations
| BQ Stock | USD 2.16 0.01 0.47% |
The correlation of Boqii Holding is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Boqii Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boqii Holding Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boqii Holding Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. Boqii |
The ability to find closely correlated positions to Boqii Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boqii Holding when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Boqii Holding - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Boqii Holding Limited to buy it.
Moving together with Boqii Stock
| + | 0.61 | AN | AutoNation | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.71 | DLTH | Duluth Holdings | Fiscal Quarter End 31st of January 2024 | PairCorr |
Moving against Boqii Stock
| - | 0.9 | FL | Foot Locker | Fiscal Quarter End 31st of January 2024 | PairCorr | |
| - | 0.88 | M | Macys Inc | Aggressive Push | PairCorr | |
| - | 0.88 | VSCO | Victorias Secret | Fiscal Quarter End 31st of January 2024 | PairCorr | |
| - | 0.77 | DLTR | Dollar Tree | Fiscal Quarter End 31st of January 2024 | PairCorr | |
| - | 0.75 | DG | Dollar General | Financial Report 21st of March 2024 | PairCorr | |
| - | 0.75 | AEO | American Eagle Outfitters | Fiscal Quarter End 31st of January 2024 | PairCorr | |
| - | 0.7 | WEYS | Weyco Group | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.65 | DIBS | 1StdibsCom | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.52 | ASO | Academy Sports Outdo | Financial Report 21st of March 2024 | PairCorr | |
| - | 0.5 | LL | LL Flooring Holdings | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.48 | YJ | Yunji Inc | Earnings Call This Week | PairCorr |
Related Correlations Analysis
FTEL | WING | EAT | MCD | DIS | CVX | MSFT | ||
FTEL | -0.01 | -0.11 | 0.46 | 0.16 | 0.15 | 0.03 | FTEL | |
WING | -0.01 | 0.9 | 0.58 | 0.89 | -0.8 | 0.92 | WING | |
EAT | -0.11 | 0.9 | 0.61 | 0.79 | -0.8 | 0.87 | EAT | |
MCD | 0.46 | 0.58 | 0.61 | 0.59 | -0.38 | 0.61 | MCD | |
DIS | 0.16 | 0.89 | 0.79 | 0.59 | -0.66 | 0.9 | DIS | |
CVX | 0.15 | -0.8 | -0.8 | -0.38 | -0.66 | -0.86 | CVX | |
MSFT | 0.03 | 0.92 | 0.87 | 0.61 | 0.9 | -0.86 | MSFT | |
FTEL | WING | EAT | MCD | DIS | CVX | MSFT |
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | High negative correlations |
Risk-Adjusted Indicators
There is a big difference between Boqii Stock performing well and Boqii Holding 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 Boqii Holding'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 | Information Ratio | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| FTEL | 8.40 | 0.34 | 0.03 | (0.76) | 9.07 | 0.02 | (11.89) | 29.09 | (17.48) | 55.85 | |
| WING | 1.50 | 0.63 | 0.31 | 0.58 | 1.48 | 0.31 | (1.75) | 3.26 | (3.73) | 9.12 | |
| EAT | 1.81 | 0.34 | 0.17 | 0.25 | 1.68 | 0.15 | (1.99) | 5.02 | (2.90) | 10.54 | |
| MCD | 0.73 | 0.03 | 0.02 | 0.07 | 1.05 | 0.02 | (0.70) | 1.71 | (1.89) | 3.35 | |
| DIS | 1.18 | 0.20 | 0.14 | 0.31 | 1.23 | 0.12 | (1.38) | 2.63 | (2.38) | 9.71 | |
| CVX | 1.05 | (0.22) | 0.00 | (0.26) | 0.00 | (0.15) | 0.00 | 1.90 | (2.50) | 9.48 | |
| MSFT | 1.07 | 0.18 | 0.11 | 0.34 | 1.29 | 0.12 | (1.07) | 2.35 | (2.40) | 6.82 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Boqii Holding without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Boqii Holding Corporate Management
Elected by the shareholders, the Boqii Holding's board of directors comprises two types of representatives: Boqii Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Boqii. The board's role is to monitor Boqii Holding's management team and ensure that shareholders' interests are well served. Boqii Holding's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Boqii Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
Already Invested in Boqii Holding Limited?
The danger of trading Boqii Holding Limited is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Boqii Holding is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Boqii Holding. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Boqii Holding Limited is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Boqii Holding Limited is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Boqii Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Boqii Holding Limited Stock. Highlighted below are key reports to facilitate an investment decision about Boqii Holding Limited Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boqii Holding Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Boqii Stock analysis
When running Boqii Holding's price analysis, check to measure Boqii Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boqii Holding is operating at the current time. Most of Boqii Holding's value examination focuses on studying past and present price action to predict the probability of Boqii Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boqii Holding's price. Additionally, you may evaluate how the addition of Boqii Holding to your portfolios can decrease your overall portfolio volatility.
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Is Boqii Holding's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Boqii Holding. If investors know Boqii will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Boqii Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.16) | Revenue Per Share 237.899 | Quarterly Revenue Growth 0.006 | Return On Assets (0.06) | Return On Equity (0.45) |
The market value of Boqii Holding Limited is measured differently than its book value, which is the value of Boqii that is recorded on the company's balance sheet. Investors also form their own opinion of Boqii Holding's value that differs from its market value or its book value, called intrinsic value, which is Boqii Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Boqii Holding's market value can be influenced by many factors that don't directly affect Boqii Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Boqii Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boqii Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boqii Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.