Shenzhen Overseas Correlations

000069 Stock

2.91 0.08 2.68%

The current 90-days correlation between Shenzhen Overseas Chinese and China Publishing Media is 0.43 (i.e., Very weak diversification). The correlation of Shenzhen Overseas 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.

Shenzhen Overseas Correlation With Market

Good diversification

The correlation between Shenzhen Overseas Chinese and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shenzhen Overseas Chinese and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Shenzhen Stock

0.9	601628	China Life Insurance	Pair Corr
0.89	601059	Cinda Securities	Pair Corr
0.86	688072	Piotech Inc A	Pair Corr
0.94	601198	Dongxing Sec	Pair Corr
0.86	688293	Shanghai OPM Biosciences	Pair Corr
0.86	688126	National Silicon Industry	Pair Corr
0.84	000504	Nanhua Bio Medicine	Pair Corr
0.86	000061	Shenzhen Agricultural	Pair Corr
0.89	688012	Advanced Micro Fabri	Pair Corr
0.66	688656	HOB Biotech Group	Pair Corr

Related Correlations Analysis

	601949	600229	002627	300651	002357	000558	900903	605168
601949		0.82	0.83	0.83	0.86	0.65	0.81	0.8	601949
600229	0.82		0.95	0.92	0.93	0.8	0.78	0.94	600229
002627	0.83	0.95		0.94	0.94	0.85	0.83	0.93	002627
300651	0.83	0.92	0.94		0.93	0.86	0.85	0.9	300651
002357	0.86	0.93	0.94	0.93		0.89	0.8	0.94	002357
000558	0.65	0.8	0.85	0.86	0.89		0.65	0.82	000558
900903	0.81	0.78	0.83	0.85	0.8	0.65		0.78	900903
605168	0.8	0.94	0.93	0.9	0.94	0.82	0.78		605168
	601949	600229	002627	300651	002357	000558	900903	605168

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Risk-Adjusted Indicators

There is a big difference between Shenzhen Stock performing well and Shenzhen Overseas 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 Shenzhen Overseas' 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
601949	2.66	0.59	0.12	(1.04)	3.60	(2.81)	7.37	(5.84)	20.05
600229	1.90	0.34	0.09	70.23	2.51	(1.93)	4.10	(3.50)	16.07
002627	1.46	0.26	0.09	0.69	2.02	(1.71)	3.32	(2.03)	17.12
300651	2.39	0.78	0.23	(2.96)	2.52	(2.84)	5.20	(3.85)	26.52
002357	2.22	0.61	0.20	(6.15)	2.48	(2.53)	5.41	(3.88)	15.85
000558	3.10	1.33	0.35	(1.61)	2.59	(3.80)	10.00	(4.24)	18.29
900903	2.05	0.32	0.05	(1.63)	2.22	(5.14)	5.56	(4.17)	13.69
605168	3.37	0.57	0.13	(8.10)	3.52	(3.80)	9.43	(5.90)	19.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Shenzhen Overseas 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.

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Shenzhen Overseas Corporate Management

Elected by the shareholders, the Shenzhen Overseas' board of directors comprises two types of representatives: Shenzhen Overseas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shenzhen. The board's role is to monitor Shenzhen Overseas' management team and ensure that shareholders' interests are well served. Shenzhen Overseas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Shenzhen Overseas' outside directors are responsible for providing unbiased perspectives on the board's policies.

Zheng Ni	VP	Profile
Jun Yao	NonIndependent VP	Profile
Xiaohong Ye	Chief Officer	Profile
Wenhong Feng	Chief Accountant	Profile

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