Hello Correlations

MOMO Stock

USD 6.50 0.03 0.46%

The current 90-days correlation between Hello Group and Magic Software Enterprises is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hello moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hello Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hello Correlation With Market

Average diversification

The correlation between Hello Group and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hello Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Hello Stock

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

Moving together with Hello Stock

0.76	BZ	Kanzhun Ltd ADR	Pair Corr
0.73	WB	Weibo Corp	Pair Corr
0.79	FENG	Phoenix New Media	Pair Corr
0.86	DHX	DHI Group	Pair Corr
0.74	DUO	Fangdd Network Group	Pair Corr
0.63	FDV	Frontier Digital Ventures	Pair Corr
0.72	SLE	Super League Enterprise	Pair Corr
0.73	GITS	Global Interactive	Pair Corr
0.81	MNYWW	MoneyHero Limited	Pair Corr
0.75	300494	Hubei Century Network	Pair Corr

Moving against Hello Stock

0.88	JFU	9F Inc Tech Boost	Pair Corr
0.42	EB	Eventbrite Class A	Pair Corr
0.37	IAC	IAC Inc	Pair Corr
0.33	BILD	Builddirect Tehcnologies	Pair Corr
0.31	MH	McGraw Hill,	Pair Corr
0.55	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.39	MAX	MediaAlpha	Pair Corr

Related Correlations Analysis

	MSFT	AAPL	TSM	NVDA	AVGO	CSCO	FLEX	MGIC	GRMN
MSFT		-0.62	0.28	0.57	-0.27	-0.73	-0.08	-0.76	0.73	MSFT
AAPL	-0.62		0.11	0.02	0.63	0.86	0.34	0.75	-0.81	AAPL
TSM	0.28	0.11		0.48	0.53	0.1	0.62	0.12	0.2	TSM
NVDA	0.57	0.02	0.48		0.15	-0.13	0.19	-0.25	0.04	NVDA
AVGO	-0.27	0.63	0.53	0.15		0.51	0.41	0.35	-0.4	AVGO
CSCO	-0.73	0.86	0.1	-0.13	0.51		0.39	0.89	-0.82	CSCO
FLEX	-0.08	0.34	0.62	0.19	0.41	0.39		0.46	-0.12	FLEX
MGIC	-0.76	0.75	0.12	-0.25	0.35	0.89	0.46		-0.68	MGIC
GRMN	0.73	-0.81	0.2	0.04	-0.4	-0.82	-0.12	-0.68		GRMN
	MSFT	AAPL	TSM	NVDA	AVGO	CSCO	FLEX	MGIC	GRMN

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

MGIC	+ 0.89	CSCO
CSCO	+ 0.86	AAPL
MGIC	+ 0.75	AAPL
GRMN	+ 0.73	MSFT
AVGO	+ 0.63	AAPL
FLEX	+ 0.62	TSM

High negative correlations

GRMN	- 0.82	CSCO
GRMN	- 0.81	AAPL
MGIC	- 0.76	MSFT
CSCO	- 0.73	MSFT
GRMN	- 0.68	MGIC
AAPL	- 0.62	MSFT

Risk-Adjusted Indicators

There is a big difference between Hello Stock performing well and Hello 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 Hello'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
MSFT	0.90	(0.11)	0.00	(0.11)	0.00	0.00	1.78	(2.50)	5.08
AAPL	0.78	0.05	0.04	0.13	0.91	(0.81)	1.97	(1.56)	5.76
TSM	1.72	(0.01)	0.02	0.07	2.01	(1.88)	3.48	(3.45)	12.12
NVDA	1.83	0.04	0.01	0.11	2.25	(1.88)	3.01	(3.81)	9.61
AVGO	2.19	(0.04)	0.01	0.05	3.19	(2.11)	3.49	(4.48)	22.53
CSCO	1.04	0.20	0.11	0.55	1.14	(1.09)	1.94	(2.00)	8.39
FLEX	2.26	0.01	0.02	0.07	2.74	(2.27)	5.23	(4.33)	13.21
MGIC	1.94	0.48	0.19	0.64	1.97	(2.26)	4.98	(3.51)	16.15
GRMN	1.20	(0.29)	0.00	(0.18)	0.00	0.00	2.10	(2.42)	15.12

Hello Corporate Executives

Elected by the shareholders, the Hello's board of directors comprises two types of representatives: Hello inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hello. The board's role is to monitor Hello's management team and ensure that shareholders' interests are well served. Hello'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, Hello's outside directors are responsible for providing unbiased perspectives on the board's policies.

Xiaoliang Lei

Co-Founder and Co-Pres

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