Henan Shuanghui Correlations

000895 Stock

26.82 0.18 0.68%

The current 90-days correlation between Henan Shuanghui Inve and Shanghai Metersbonwe FashionAccessories is -0.03 (i.e., Good diversification). The correlation of Henan Shuanghui 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.

Henan Shuanghui Correlation With Market

Good diversification

The correlation between Henan Shuanghui Investment and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Henan Shuanghui Investment and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Henan Stock

0.71

300530

Hunan Lead Power

Pair Corr

Moving against Henan Stock

0.6	600938	CNOOC Limited	Pair Corr
0.53	601857	PetroChina	Pair Corr
0.31	603959	Hunan Baili Engineering	Pair Corr

Related Correlations Analysis

	002269	301053	000813	300550	002919	002044	603979	000523
002269		-0.57	-0.32	-0.3	-0.45	-0.45	-0.28	-0.49	002269
301053	-0.57		0.59	0.08	0.4	0.51	0.78	0.74	301053
000813	-0.32	0.59		0.46	0.56	0.6	0.42	0.79	000813
300550	-0.3	0.08	0.46		0.63	0.52	-0.2	0.24	300550
002919	-0.45	0.4	0.56	0.63		0.83	0.28	0.26	002919
002044	-0.45	0.51	0.6	0.52	0.83		0.34	0.31	002044
603979	-0.28	0.78	0.42	-0.2	0.28	0.34		0.43	603979
000523	-0.49	0.74	0.79	0.24	0.26	0.31	0.43		000523
	002269	301053	000813	300550	002919	002044	603979	000523

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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

002044	+ 0.83	002919
000523	+ 0.79	000813
603979	+ 0.78	301053
000523	+ 0.74	301053
002919	+ 0.63	300550
002044	+ 0.6	000813

High negative correlations

301053	- 0.57	002269
000523	- 0.49	002269
002044	- 0.45	002269
002919	- 0.45	002269
000813	- 0.32	002269
300550	- 0.3	002269

Risk-Adjusted Indicators

There is a big difference between Henan Stock performing well and Henan Shuanghui 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 Henan Shuanghui'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
002269	3.02	(0.31)	0.00	(1.08)	0.00	0.00	9.81	(8.64)	19.33
301053	2.37	0.47	0.15	0.56	2.80	(2.66)	3.78	(4.90)	28.11
000813	2.00	(0.21)	0.00	0.35	0.00	0.00	4.52	(4.66)	13.94
300550	2.71	(0.17)	0.00	0.13	0.00	0.00	6.22	(6.07)	18.34
002919	2.35	(0.05)	0.00	(0.49)	0.00	0.00	5.43	(4.97)	18.34
002044	2.61	0.22	0.13	(0.42)	2.27	(3.57)	9.92	(3.50)	17.06
603979	1.67	0.08	0.09	(0.51)	1.61	(2.23)	3.88	(2.52)	10.33
000523	1.74	0.08	0.05	0.21	2.20	(2.13)	3.50	(4.20)	14.59

Be your own money manager

Our tools can tell you how much better you can do entering a position in Henan Shuanghui 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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Henan Shuanghui Corporate Executives

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

Songtao Liu

Executive CFO

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