BOE Technology Correlations
| 000725 Stock | 4.36 0.03 0.68% |
The current 90-days correlation between BOE Technology Group and Kuang Chi Technologies is 0.37 (i.e., Weak diversification). The correlation of BOE Technology 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.
BOE Technology Correlation With Market
Very good diversification
The correlation between BOE Technology Group and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BOE Technology Group and DJI in the same portfolio, assuming nothing else is changed.
BOE |
The ability to find closely correlated positions to BOE Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BOE Technology 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 BOE Technology - 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 BOE Technology Group to buy it.
Moving together with BOE Stock
| 0.66 | 002188 | Bus Online | PairCorr |
| 0.72 | 000980 | Zotye Automobile | PairCorr |
| 0.7 | 300825 | Iat Automobile Technology | PairCorr |
| 0.86 | 600633 | Zhejiang Daily Media | PairCorr |
| 0.62 | 601929 | JiShi Media | PairCorr |
| 0.67 | 600455 | ButOne Information Corp | PairCorr |
| 0.65 | 000639 | Xiwang Foodstuffs | PairCorr |
| 0.7 | 600515 | Hainan HNA Infrastructure | PairCorr |
| 0.69 | 002946 | New Hope Dairy | PairCorr |
| 0.68 | 000506 | Zhongrun Resources | PairCorr |
| 0.67 | 301390 | Hangzhou Gisway Info | PairCorr |
| 0.67 | 603818 | Qumei Furniture Group | PairCorr |
| 0.66 | 000428 | Huatian Hotel Group | PairCorr |
| 0.69 | 603313 | Healthcare | PairCorr |
| 0.71 | 600755 | Xiamen ITG Group | PairCorr |
| 0.88 | 000661 | Changchun High New | PairCorr |
| 0.84 | 688325 | Guangdong Cellwise | PairCorr |
| 0.75 | 688047 | Loongson Technology Corp | PairCorr |
| 0.84 | 688507 | Shanghai Suochen Inf | PairCorr |
| 0.89 | 600498 | Fiberhome Telecommunicatio | PairCorr |
| 0.82 | 688082 | ACM Research Shanghai | PairCorr |
| 0.67 | 600719 | Dalian Thermal Power | PairCorr |
| 0.9 | 002074 | Gotion High tech | PairCorr |
| 0.8 | 000560 | 5I5j Holding Group | PairCorr |
| 0.82 | 605128 | Shanghai Yanpu Metal | PairCorr |
| 0.87 | 688119 | Sinosteel Luonai Mat | PairCorr |
| 0.86 | 301379 | Techshine Electronics | PairCorr |
| 0.84 | 300815 | Eit Environmental | PairCorr |
| 0.8 | 600335 | Sinomach Automobile | PairCorr |
| 0.81 | 300359 | Qtone Education Group | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between BOE Stock performing well and BOE Technology 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 BOE Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 002625 | 3.73 | 1.39 | 0.32 | 4.11 | 3.40 | 10.00 | 20.00 | |||
| 002446 | 2.53 | 0.39 | 0.11 | 279.97 | 3.04 | 5.22 | 18.81 | |||
| 002065 | 2.83 | 0.83 | 0.21 | 4.54 | 3.23 | 9.97 | 19.97 | |||
| 002929 | 2.41 | 0.50 | 0.16 | (10.53) | 2.91 | 6.21 | 19.58 | |||
| 002318 | 1.89 | 0.32 | 0.15 | 0.92 | 1.78 | 5.75 | 13.74 | |||
| 603559 | 3.39 | 0.82 | 0.21 | (1.61) | 3.33 | 5.03 | 10.09 | |||
| 603920 | 3.85 | 0.70 | 0.14 | (13.92) | 4.26 | 7.82 | 19.53 | |||
| 002591 | 2.56 | 0.43 | 0.09 | (4.87) | 4.06 | 5.18 | 17.87 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BOE Technology 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?
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BOE Technology Corporate Executives
Elected by the shareholders, the BOE Technology's board of directors comprises two types of representatives: BOE Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BOE. The board's role is to monitor BOE Technology's management team and ensure that shareholders' interests are well served. BOE Technology'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, BOE Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Xiaoping Yang | Executive CFO | Profile |