Baosheng Media Correlations
| BAOS Stock | USD 2.61 0.06 2.35% |
The current 90-days correlation between Baosheng Media Group and ZW Data Action is 0.14 (i.e., Average diversification). The correlation of Baosheng Media 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.
Baosheng Media Correlation With Market
Average diversification
The correlation between Baosheng Media Group and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baosheng Media Group and DJI in the same portfolio, assuming nothing else is changed.
Moving against Baosheng Stock
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| 0.37 | 300027 | Huayi Brothers Media | PairCorr |
| 0.37 | GMGI | Golden Matrix Group | PairCorr |
| 0.36 | 002343 | Ciwen Media | PairCorr |
| 0.34 | ZIN | Zinc Media Group | PairCorr |
| 0.34 | MGAM | Mobile Global Esports | PairCorr |
| 0.76 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.58 | BKRKY | Bank Rakyat | PairCorr |
| 0.57 | UFO | UFO Moviez India | PairCorr |
| 0.35 | ASST | Strive Asset Management Aggressive Push | PairCorr |
| 0.34 | PLTK | Playtika Holding Corp | PairCorr |
| 0.33 | 300251 | Beijing Enlight Media | PairCorr |
Related Correlations Analysis
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 Baosheng Stock performing well and Baosheng Media 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 Baosheng Media'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CNET | 3.61 | 0.44 | 0.14 | 0.44 | 2.95 | 12.24 | 23.91 | |||
| ONFO | 3.92 | 0.07 | 0.05 | 0.15 | 4.49 | 7.62 | 35.17 | |||
| DRCT | 4.57 | (1.01) | 0.00 | (0.68) | 0.00 | 11.76 | 58.51 | |||
| CMCM | 4.04 | 0.45 | 0.15 | 0.29 | 3.72 | 9.97 | 31.51 | |||
| LCFY | 4.21 | (0.34) | (0.02) | 0.01 | 5.56 | 9.65 | 61.18 | |||
| CHR | 8.27 | (3.09) | 0.00 | 3.90 | 0.00 | 8.33 | 81.86 | |||
| LDWY | 3.10 | (0.26) | 0.00 | 0.96 | 0.00 | 7.81 | 40.34 | |||
| TNMG | 6.21 | 0.53 | 0.00 | 0.04 | 0.00 | 14.58 | 69.09 | |||
| SLE | 9.01 | (0.06) | 0.00 | 0.14 | 0.00 | 10.41 | 189.97 | |||
| STFS | 9.53 | (1.69) | 0.00 | (4.07) | 0.00 | 23.53 | 85.44 |