Shanxi Xishan Correlations
| 000983 Stock | 8.19 0.05 0.61% |
The current 90-days correlation between Shanxi Xishan Coal and Weihai Honglin Electronic is 0.58 (i.e., Very weak diversification). The correlation of Shanxi Xishan 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.
Shanxi |
The ability to find closely correlated positions to Shanxi Xishan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shanxi Xishan 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 Shanxi Xishan - 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 Shanxi Xishan Coal to buy it.
Moving together with Shanxi Stock
| 0.83 | 002443 | Zhejiang Kingland | PairCorr |
| 0.92 | 600519 | Kweichow Moutai | PairCorr |
| 0.64 | 600941 | China Mobile Limited | PairCorr |
| 0.65 | 601939 | China Construction Bank | PairCorr |
| 0.81 | 300750 | Contemporary Amperex | PairCorr |
| 0.84 | 601628 | China Life Insurance | PairCorr |
| 0.89 | 600036 | China Merchants Bank | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Shanxi Stock performing well and Shanxi Xishan 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 Shanxi Xishan'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 301439 | 2.05 | 0.43 | 0.09 | (1.32) | 2.49 | 4.12 | 21.33 | |||
| 301359 | 2.74 | 0.47 | 0.09 | 14.23 | 3.59 | 4.34 | 28.12 | |||
| 603818 | 2.89 | 0.61 | 0.15 | 4.11 | 2.87 | 7.37 | 20.01 | |||
| 000785 | 2.12 | 0.36 | 0.08 | 18.46 | 2.47 | 4.93 | 16.47 | |||
| 300296 | 2.83 | 0.27 | 0.04 | 2.32 | 3.47 | 5.68 | 27.58 | |||
| 600337 | 2.95 | 0.69 | 0.15 | (1.94) | 2.97 | 7.26 | 20.22 | |||
| 603936 | 2.23 | 0.38 | 0.07 | (0.99) | 2.58 | 5.18 | 18.09 | |||
| 301193 | 2.22 | 0.00 | 0.10 | 0.00 | 2.51 | 5.07 | 24.05 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shanxi Xishan 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 Fundamental Analysis Now
Fundamental AnalysisView fundamental data based on most recent published financial statements |
| All Next | Launch Module |
Shanxi Xishan Corporate Management
Elected by the shareholders, the Shanxi Xishan's board of directors comprises two types of representatives: Shanxi Xishan inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shanxi. The board's role is to monitor Shanxi Xishan's management team and ensure that shareholders' interests are well served. Shanxi Xishan'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, Shanxi Xishan's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ling Cao | Chief Accountant | Profile | |
| Xiaodong Wang | Deputy Manager | Profile | |
| Xiaohui Liu | Deputy Manager | Profile | |
| Zhentao Huang | Board Sec | Profile |