Autohome Correlations

ATHM
 Stock
  

USD 30.47  2.15  7.59%   

The correlation of Autohome is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Autohome moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Autohome moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Please continue to Trending Equities.
  
The ability to find closely correlated positions to Autohome could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autohome when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Autohome - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Autohome to buy it.

Moving together with Autohome

+0.82ANGIANGI HomeservicesPairCorr
+0.8BIDUBaidu Inc Upward RallyPairCorr
+0.63BODYBeachbodyPairCorr
+0.83IACIACInterActiveCorpPairCorr
+0.69METAMeta PlatformsPairCorr
+0.84MTCHMatch Group Downward RallyPairCorr
+0.83WBWeibo Corp Upward RallyPairCorr
+0.71AMCAMC Entertainment Normal TradingPairCorr
+0.71ATVIActivision BlizzardPairCorr

Related Correlations

VSGAX
MRK
BUDFF
RGAGX
PBCRF
VSGAX
0.070.520.830.36
VSGAX
MRK
0.070.79-0.150.06
MRK
BUDFF
0.520.790.360.38
BUDFF
RGAGX
0.83-0.150.360.42
RGAGX
PBCRF
0.360.060.380.42
PBCRF
VSGAX
MRK
BUDFF
RGAGX
PBCRF
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
RGAGXVSGAX
BUDFFMRK
BUDFFVSGAX
PBCRFRGAGX
PBCRFBUDFF
PBCRFVSGAX
  
High negative correlations   
RGAGXMRK

Autohome Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Autohome Stock performing well and Autohome company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Autohome's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Autohome without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Companies Directory Now

   

Companies Directory

Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
All  Next Launch Module

Autohome Corporate Directors

Autohome corporate directors refer to members of an Autohome board of directors. The board of directors generally takes responsibility for the Autohome's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Autohome's board members must vote for the resolution. The Autohome board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Junling Liu - Independent DirectorProfile
Guo Wang - DirectorProfile
Paul Tyler - DirectorProfile
TakTai Lee - Independent DirectorProfile

Invested in Autohome?

The danger of trading Autohome is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Autohome is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Autohome. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Autohome is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. Note that the Autohome information on this page should be used as a complementary analysis to other Autohome's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Autohome Stock analysis

When running Autohome price analysis, check to measure Autohome's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Autohome is operating at the current time. Most of Autohome's value examination focuses on studying past and present price action to predict the probability of Autohome's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Autohome's price. Additionally, you may evaluate how the addition of Autohome to your portfolios can decrease your overall portfolio volatility.
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Is Autohome's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Autohome. If investors know Autohome will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Autohome listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.02) 
Market Capitalization
3.8 B
Quarterly Revenue Growth YOY
0.045
Return On Assets
0.0245
Return On Equity
0.0626
The market value of Autohome is measured differently than its book value, which is the value of Autohome that is recorded on the company's balance sheet. Investors also form their own opinion of Autohome's value that differs from its market value or its book value, called intrinsic value, which is Autohome's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Autohome's market value can be influenced by many factors that don't directly affect Autohome's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Autohome's value and its price as these two are different measures arrived at by different means. Investors typically determine Autohome value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Autohome's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.