MOGU Correlations
| MOGU Stock | USD 1.78 0.30 14.42% |
The correlation of MOGU 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 MOGU moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MOGU Inc 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.
Good diversification
The correlation between MOGU Inc and NYA is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MOGU Inc and NYA in the same portfolio, assuming nothing else is changed.
MOGU |
The ability to find closely correlated positions to MOGU could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MOGU 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 MOGU - 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 MOGU Inc to buy it.
Moving against MOGU Stock
| 0.5 | SHG | Shinhan Financial Earnings Call Today | PairCorr |
| 0.41 | BBY | Best Buy Financial Report 23rd of May 2024 | PairCorr |
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Risk-Adjusted Indicators
There is a big difference between MOGU Stock performing well and MOGU 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 MOGU'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in MOGU 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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The danger of trading MOGU Inc 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 MOGU 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 MOGU. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MOGU Inc 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 MOGU Inc 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 MOGU 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 Mogu Inc Stock. Highlighted below are key reports to facilitate an investment decision about Mogu Inc Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MOGU Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the MOGU Inc information on this page should be used as a complementary analysis to other MOGU'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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for MOGU Stock analysis
When running MOGU's price analysis, check to measure MOGU'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 MOGU is operating at the current time. Most of MOGU's value examination focuses on studying past and present price action to predict the probability of MOGU's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MOGU's price. Additionally, you may evaluate how the addition of MOGU to your portfolios can decrease your overall portfolio volatility.
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Is MOGU'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 MOGU. If investors know MOGU 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 MOGU listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.49) | Revenue Per Share 23.351 | Quarterly Revenue Growth (0.28) | Return On Assets (0.05) | Return On Equity (0.24) |
The market value of MOGU Inc is measured differently than its book value, which is the value of MOGU that is recorded on the company's balance sheet. Investors also form their own opinion of MOGU's value that differs from its market value or its book value, called intrinsic value, which is MOGU'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 MOGU's market value can be influenced by many factors that don't directly affect MOGU'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 MOGU's value and its price as these two are different measures arrived at by different means. Investors typically determine if MOGU is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MOGU'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.