Quhuo Correlations

QH Stock

USD 1.33 0.07 5.00%

The current 90-days correlation between Quhuo and Sentage Holdings is 0.45 (i.e., Very weak diversification). The correlation of Quhuo 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.

Quhuo Correlation With Market

Good diversification

The correlation between Quhuo and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quhuo and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quhuo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more detail on how to invest in Quhuo Stock please use our How to Invest in Quhuo guide.

Moving together with Quhuo Stock

0.65	U	Unity Software Aggressive Push	Pair Corr
0.68	DT	Dynatrace Holdings LLC	Pair Corr
0.66	DUOL	Duolingo	Pair Corr

Moving against Quhuo Stock

0.58	VERB	VERB TECHNOLOGY PANY Downward Rally	Pair Corr
0.72	EGAN	eGain	Pair Corr
0.6	ILLRW	Triller Group Symbol Change	Pair Corr
0.59	WALDW	Waldencast Acquisition	Pair Corr
0.58	EVOL	Evolving Systems	Pair Corr
0.56	ETWO	E2open Parent Holdings	Pair Corr
0.5	WBTN	WEBTOON Entertainment	Pair Corr
0.36	WDAY	Workday	Pair Corr

Related Correlations Analysis

	SNTG	LXEH	HUDI	BAOS	HUIZ
SNTG		0.76	0.55	0.64	0.55	SNTG
LXEH	0.76		0.66	0.67	0.62	LXEH
HUDI	0.55	0.66		0.82	0.47	HUDI
BAOS	0.64	0.67	0.82		0.51	BAOS
HUIZ	0.55	0.62	0.47	0.51		HUIZ
	SNTG	LXEH	HUDI	BAOS	HUIZ

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Risk-Adjusted Indicators

There is a big difference between Quhuo Stock performing well and Quhuo 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 Quhuo'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
SNTG	2.44	0.04	(0.04)	0.00	2.69	(3.36)	5.91	(4.78)	21.33
LXEH	6.11	0.57	0.04	(0.27)	6.93	(7.13)	11.63	(11.15)	74.75
HUDI	3.00	(0.10)	0.00	(0.01)	0.00	0.00	9.42	(5.42)	31.00
BAOS	4.49	(0.22)	0.00	1.68	0.00	0.00	9.62	(10.17)	27.06
HUIZ	4.30	(0.30)	0.00	(0.18)	0.00	0.00	13.16	(8.89)	33.03

Quhuo Corporate Management

Zhen Ba	CFO, CoFounder	Profile
Fan Pan	Chief Officer	Profile
Gang Wang	COO Director	Profile
Leslie Yu	Chairman CEO	Profile

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