Xunlei Correlations

XNET Stock

USD 4.68 0.49 9.48%

The current 90-days correlation between Xunlei Ltd Adr and Travelzoo is 0.04 (i.e., Significant diversification). The correlation of Xunlei 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.

Xunlei Correlation With Market

Very weak diversification

The correlation between Xunlei Ltd Adr and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xunlei Ltd Adr and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xunlei Ltd Adr. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Xunlei Stock

0.83	AI	C3 Ai Inc	Pair Corr
0.73	BB	BlackBerry Earnings Call This Week	Pair Corr
0.79	JG	Aurora Mobile	Pair Corr
0.86	MQ	Marqeta	Pair Corr
0.74	ZS	Zscaler	Pair Corr
0.74	DTSS	Datasea	Pair Corr
0.88	VRAR	Glimpse Group	Pair Corr
0.78	VRNS	Varonis Systems	Pair Corr
0.71	EVTC	Evertec	Pair Corr
0.73	FAAS	DigiAsia Corp	Pair Corr
0.67	FIVN	Five9 Inc	Pair Corr
0.62	FAASW	DigiAsia Corp	Pair Corr
0.7	FLYW	Flywire Corp Sell-off Trend	Pair Corr
0.76	BOX	Box Inc	Pair Corr
0.84	DLO	Dlocal	Pair Corr
0.81	DOX	Amdocs	Pair Corr
0.8	GEN	Gen Digital	Pair Corr
0.75	IOT	Samsara	Pair Corr
0.8	MDB	MongoDB Earnings Call This Week	Pair Corr
0.83	NET	Cloudflare	Pair Corr
0.63	OLB	OLB Group	Pair Corr
0.82	PGY	Pagaya Technologies	Pair Corr
0.83	TCX	Tucows Inc	Pair Corr

Moving against Xunlei Stock

0.51	EXOD	Exodus Movement,	Pair Corr
0.48	VERI	Veritone	Pair Corr
0.65	HPAI	Helport AI Limited	Pair Corr
0.56	APCXW	AppTech Payments Corp	Pair Corr

Related Correlations Analysis

	TZOO	CYPXF	EEX	ZD	DRCT	GSMGW	IFUS	MOBQ	BAOS	MGOL
TZOO		0.0	0.43	0.36	0.51	0.23	-0.07	0.0	0.05	-0.21	TZOO
CYPXF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CYPXF
EEX	0.43	0.0		-0.15	-0.15	-0.53	-0.75	0.0	0.55	-0.52	EEX
ZD	0.36	0.0	-0.15		0.54	0.55	0.66	0.0	0.1	0.54	ZD
DRCT	0.51	0.0	-0.15	0.54		0.5	0.47	0.0	-0.25	0.27	DRCT
GSMGW	0.23	0.0	-0.53	0.55	0.5		0.73	0.0	-0.48	0.45	GSMGW
IFUS	-0.07	0.0	-0.75	0.66	0.47	0.73		0.0	-0.44	0.66	IFUS
MOBQ	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MOBQ
BAOS	0.05	0.0	0.55	0.1	-0.25	-0.48	-0.44	0.0		-0.12	BAOS
MGOL	-0.21	0.0	-0.52	0.54	0.27	0.45	0.66	0.0	-0.12		MGOL
	TZOO	CYPXF	EEX	ZD	DRCT	GSMGW	IFUS	MOBQ	BAOS	MGOL

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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

IFUS	+ 0.73	GSMGW
IFUS	+ 0.66	ZD
MGOL	+ 0.66	IFUS
BAOS	+ 0.55	EEX
GSMGW	+ 0.55	ZD
DRCT	+ 0.54	ZD

High negative correlations

IFUS	- 0.75	EEX
GSMGW	- 0.53	EEX
MGOL	- 0.52	EEX
BAOS	- 0.48	GSMGW
BAOS	- 0.44	IFUS
BAOS	- 0.25	DRCT

Risk-Adjusted Indicators

There is a big difference between Xunlei Stock performing well and Xunlei 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 Xunlei'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
TZOO	3.19	(0.14)	0.00	(0.10)	0.00	0.00	6.73	(6.40)	42.71
CYPXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EEX	2.12	0.21	0.09	0.19	2.22	(2.59)	5.74	(4.16)	19.35
ZD	2.41	(0.36)	0.00	(0.20)	0.00	0.00	3.88	(5.74)	20.20
DRCT	7.10	0.15	0.01	0.17	10.13	(8.87)	14.06	(13.56)	115.63
GSMGW	24.84	4.53	0.17	2.63	18.79	(52.81)	54.55	(37.50)	142.86
IFUS	4.93	(1.27)	0.00	(5.37)	0.00	0.00	7.98	(13.69)	38.15
MOBQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BAOS	6.72	0.83	0.11	1.17	6.86	(8.24)	17.06	(13.17)	67.60
MGOL	52.12	22.88	1.24	(3.52)	13.96	(84.61)	66.67	(34.72)	155.77

Xunlei Corporate Management

Luhan Tang	Investor Manager	Profile
CFA Naijiang	Chief Officer	Profile
Jinbo Li	Chairman CEO	Profile
Sean Zou	CoFounder Director	Profile
Peng Huang	Strategy Consultant	Profile
Charlene Lu	Investor Manager	Profile

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