China Greatwall Correlations

000066 Stock

15.11 0.44 2.83%

The current 90-days correlation between China Greatwall Computer and Industrial and Commercial is -0.06 (i.e., Good diversification). The correlation of China Greatwall 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.

China Greatwall Correlation With Market

Average diversification

The correlation between China Greatwall Computer 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 China Greatwall Computer and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to China Greatwall could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Greatwall 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 China Greatwall - 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 China Greatwall Computer to buy it.

Moving together with China Stock

0.87

688656

HOB Biotech Group

Pair Corr

Related Correlations Analysis

	601398	601939	601988	601288	601857	600941	601318	600036	601166	600938
601398		0.98	0.95	0.96	0.64	0.83	0.75	0.83	0.82	0.62	601398
601939	0.98		0.9	0.93	0.64	0.75	0.82	0.9	0.87	0.63	601939
601988	0.95	0.9		0.96	0.59	0.86	0.56	0.67	0.68	0.53	601988
601288	0.96	0.93	0.96		0.62	0.8	0.59	0.71	0.73	0.59	601288
601857	0.64	0.64	0.59	0.62		0.71	0.62	0.64	0.77	0.95	601857
600941	0.83	0.75	0.86	0.8	0.71		0.47	0.54	0.62	0.68	600941
601318	0.75	0.82	0.56	0.59	0.62	0.47		0.98	0.93	0.62	601318
600036	0.83	0.9	0.67	0.71	0.64	0.54	0.98		0.94	0.64	600036
601166	0.82	0.87	0.68	0.73	0.77	0.62	0.93	0.94		0.79	601166
600938	0.62	0.63	0.53	0.59	0.95	0.68	0.62	0.64	0.79		600938
	601398	601939	601988	601288	601857	600941	601318	600036	601166	600938

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China Greatwall 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 China Greatwall'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
601398	1.11	0.21	0.13	3.37	1.06	(1.45)	2.83	(2.29)	8.14
601939	1.17	0.25	0.13	2.44	1.24	(1.37)	3.32	(2.12)	8.64
601988	1.08	0.17	0.08	51.73	1.16	(1.33)	2.67	(2.33)	7.70
601288	1.07	0.19	0.08	12.06	1.41	(1.10)	2.20	(2.19)	7.78
601857	1.33	0.10	0.02	(1.81)	1.98	(1.61)	3.55	(2.04)	17.17
600941	1.06	0.13	0.07	1.08	1.03	(1.34)	3.09	(2.04)	8.38
601318	1.81	0.32	0.12	0.94	1.97	(2.18)	5.83	(2.88)	19.77
600036	1.58	0.00	0.12	0.00	1.82	(1.79)	4.65	(2.62)	13.83
601166	1.41	0.17	0.06	0.89	1.62	(1.50)	3.84	(2.56)	12.07
600938	1.46	0.12	0.02	(0.66)	2.07	(1.50)	3.25	(2.18)	16.49

Be your own money manager

Our tools can tell you how much better you can do entering a position in China Greatwall 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 Price Exposure Probability Now

Price Exposure Probability

Analyze equity upside and downside potential for a given time horizon across multiple markets

All Next

Launch Module

China Greatwall Corporate Executives

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

Jindi Song

CFO Accountant

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC