Kingsoft Cloud Correlations
| KC Stock | USD 2.59 0.11 4.07% |
The correlation of Kingsoft Cloud 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kingsoft Cloud moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kingsoft Cloud HoldingsLtd 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.
Weak diversification
The correlation between Kingsoft Cloud HoldingsLtd and NYA is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kingsoft Cloud HoldingsLtd and NYA in the same portfolio, assuming nothing else is changed.
Kingsoft |
The ability to find closely correlated positions to Kingsoft Cloud could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kingsoft Cloud 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 Kingsoft Cloud - 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 Kingsoft Cloud HoldingsLtd to buy it.
Moving against Kingsoft Stock
| 0.61 | NOGWQ | Nogin Inc | PairCorr |
| 0.6 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
| 0.54 | WK | Workiva Financial Report 7th of May 2024 | PairCorr |
| 0.53 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.53 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
| 0.48 | DMAN | Innovativ Media Group | PairCorr |
| 0.45 | PD | Pagerduty Downward Rally | PairCorr |
| 0.44 | DOMO | Domo Inc Financial Report 23rd of May 2024 | PairCorr |
| 0.41 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between Kingsoft Stock performing well and Kingsoft Cloud 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 Kingsoft Cloud'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OCFT | 2.65 | (0.63) | 0.00 | (0.37) | 0.00 | 4.17 | 15.00 | |||
| GBTG | 1.37 | (0.06) | 0.00 | (0.02) | 0.00 | 3.63 | 10.40 | |||
| ALIT | 1.49 | 0.08 | 0.04 | 0.16 | 1.49 | 2.53 | 17.81 | |||
| LAW | 2.38 | (0.19) | 0.00 | (0.02) | 0.00 | 4.74 | 15.95 | |||
| HTCR | 5.76 | 0.66 | 0.11 | 0.44 | 5.47 | 17.28 | 42.07 | |||
| IFBD | 14.46 | 1.97 | 0.13 | 2.26 | 13.70 | 45.89 | 169.50 | |||
| SMAR | 1.51 | (0.48) | 0.00 | (0.27) | 0.00 | 2.35 | 10.44 | |||
| SPT | 2.07 | (0.23) | 0.00 | (0.06) | 0.00 | 4.06 | 14.27 | |||
| RSKD | 1.73 | 0.10 | 0.06 | 0.12 | 1.91 | 3.31 | 14.18 | |||
| DOMO | 2.43 | (0.39) | 0.00 | (0.13) | 0.00 | 4.86 | 22.51 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kingsoft Cloud 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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Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
| All Next | Launch Module |
Kingsoft Cloud Corporate Management
Elected by the shareholders, the Kingsoft Cloud's board of directors comprises two types of representatives: Kingsoft Cloud inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kingsoft. The board's role is to monitor Kingsoft Cloud's management team and ensure that shareholders' interests are well served. Kingsoft Cloud'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, Kingsoft Cloud's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Shouhu Wang | President | Profile | |
| Nicole Shan | Investor Officer | Profile | |
| Haijian He | Chief Officer | Profile | |
| ACIS ACS | Company Secretary | Profile | |
| Shouxing Liang | Chief Officer | Profile | |
| Tao Zou | Vice CEO | Profile |
Already Invested in Kingsoft Cloud HoldingsLtd?
The danger of trading Kingsoft Cloud HoldingsLtd 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 Kingsoft Cloud 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 Kingsoft Cloud. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Kingsoft Cloud Holdi 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 Kingsoft Cloud Holdi offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kingsoft Cloud's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kingsoft Cloud Holdingsltd Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kingsoft Cloud Holdingsltd Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingsoft Cloud HoldingsLtd. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Kingsoft Cloud Holdi information on this page should be used as a complementary analysis to other Kingsoft Cloud's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Kingsoft Stock analysis
When running Kingsoft Cloud's price analysis, check to measure Kingsoft Cloud'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 Kingsoft Cloud is operating at the current time. Most of Kingsoft Cloud's value examination focuses on studying past and present price action to predict the probability of Kingsoft Cloud's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingsoft Cloud's price. Additionally, you may evaluate how the addition of Kingsoft Cloud to your portfolios can decrease your overall portfolio volatility.
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Is Kingsoft Cloud'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 Kingsoft Cloud. If investors know Kingsoft 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 Kingsoft Cloud listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.39) | Revenue Per Share 29.708 | Quarterly Revenue Growth (0.19) | Return On Assets (0.06) | Return On Equity (0.26) |
The market value of Kingsoft Cloud Holdi is measured differently than its book value, which is the value of Kingsoft that is recorded on the company's balance sheet. Investors also form their own opinion of Kingsoft Cloud's value that differs from its market value or its book value, called intrinsic value, which is Kingsoft Cloud'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 Kingsoft Cloud's market value can be influenced by many factors that don't directly affect Kingsoft Cloud'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 Kingsoft Cloud's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kingsoft Cloud is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kingsoft Cloud'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.