Kingsoft Cloud Correlations

KC Stock

USD 11.97 0.40 3.23%

The current 90-days correlation between Kingsoft Cloud Holdings and Genpact Limited is 0.28 (i.e., Modest diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Kingsoft Cloud Correlation With Market

Very weak diversification

The correlation between Kingsoft Cloud Holdings and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kingsoft Cloud Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Kingsoft Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingsoft Cloud Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Kingsoft Stock

0.77	FC	Franklin Covey	Pair Corr
0.86	VCIG	VCI Global Limited	Pair Corr
0.68	DLX	Deluxe	Pair Corr
0.79	LNZA	LanzaTech Global	Pair Corr
0.8	ACCO	Acco Brands	Pair Corr
0.76	ASGN	ASGN Inc	Pair Corr
0.73	BLMZ	BloomZ Ordinary Shares	Pair Corr

Moving against Kingsoft Stock

0.5	III	Information Services	Pair Corr
0.41	ZONE	CleanCore Solutions Trending	Pair Corr
0.4	FA	First Advantage Corp	Pair Corr
0.39	WM	Waste Management	Pair Corr
0.38	BV	BrightView Holdings	Pair Corr
0.36	ACU	Acme United	Pair Corr
0.32	VRSK	Verisk Analytics	Pair Corr
0.32	FVRR	Fiverr International	Pair Corr
0.54	CTAS	Cintas	Pair Corr
0.53	AZ	A2Z Smart Technologies	Pair Corr
0.45	TTEK	Tetra Tech	Pair Corr
0.45	DY	Dycom Industries	Pair Corr
0.41	CW	Curtiss Wright	Pair Corr
0.41	GD	General Dynamics	Pair Corr
0.35	AP	Ampco Pittsburgh	Pair Corr
0.33	BA	Boeing	Pair Corr

Related Correlations Analysis

	G	ASGN	TTEC	WNS	IT	HCKT	SAIC	CLVT	LDOS	PSN
G		0.62	-0.83	0.57	0.09	0.8	-0.22	-0.15	-0.56	-0.68	G
ASGN	0.62		-0.6	0.37	0.37	0.86	-0.5	-0.02	-0.57	-0.78	ASGN
TTEC	-0.83	-0.6		-0.61	0.11	-0.67	0.4	0.35	0.76	0.76	TTEC
WNS	0.57	0.37	-0.61		-0.54	0.42	-0.13	-0.6	-0.66	-0.32	WNS
IT	0.09	0.37	0.11	-0.54		0.24	-0.15	0.74	0.35	-0.14	IT
HCKT	0.8	0.86	-0.67	0.42	0.24		-0.45	0.0	-0.61	-0.78	HCKT
SAIC	-0.22	-0.5	0.4	-0.13	-0.15	-0.45		-0.04	0.64	0.57	SAIC
CLVT	-0.15	-0.02	0.35	-0.6	0.74	0.0	-0.04		0.47	0.13	CLVT
LDOS	-0.56	-0.57	0.76	-0.66	0.35	-0.61	0.64	0.47		0.7	LDOS
PSN	-0.68	-0.78	0.76	-0.32	-0.14	-0.78	0.57	0.13	0.7		PSN
	G	ASGN	TTEC	WNS	IT	HCKT	SAIC	CLVT	LDOS	PSN

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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

HCKT	+ 0.86	ASGN
HCKT	+ 0.8	G
LDOS	+ 0.76	TTEC
PSN	+ 0.76	TTEC
CLVT	+ 0.74	IT
PSN	+ 0.7	LDOS

High negative correlations

TTEC	- 0.83	G
PSN	- 0.78	HCKT
PSN	- 0.78	ASGN
PSN	- 0.68	G
HCKT	- 0.67	TTEC
LDOS	- 0.66	WNS

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
G	1.44	(0.25)	0.00	(0.34)	0.00	0.00	2.45	(3.27)	21.90
ASGN	1.93	(0.28)	0.00	(0.34)	0.00	0.00	4.10	(4.70)	19.92
TTEC	4.63	0.89	0.19	0.69	4.05	(5.93)	9.94	(7.69)	63.42
WNS	1.89	0.13	0.05	0.14	2.41	(2.08)	4.57	(4.27)	18.81
IT	1.42	(0.21)	0.00	(0.22)	0.00	0.00	2.77	(3.47)	11.06
HCKT	1.21	(0.24)	0.00	(0.37)	0.00	0.00	2.57	(2.51)	11.30
SAIC	1.68	0.08	0.03	0.15	2.83	(1.93)	3.49	(4.22)	22.16
CLVT	2.87	0.17	0.04	0.09	3.74	(3.22)	4.86	(7.10)	26.67
LDOS	1.27	0.13	0.08	0.21	1.56	(1.38)	2.71	(2.71)	10.54
PSN	1.80	0.28	0.12	0.33	2.02	(1.83)	4.79	(3.19)	10.81

Kingsoft Cloud Corporate Management

Shouhu Wang	President	Profile
Nicole Shan	Investor Officer	Profile
Haijian He	Chief Officer	Profile
ACIS ACS	Company Secretary	Profile
Shouxing Liang	Chief Officer	Profile

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