Sieyuan Electric Correlations

002028 Stock

70.77 1.17 1.63%

The current 90-days correlation between Sieyuan Electric and Industrial and Commercial is -0.36 (i.e., Very good diversification). The correlation of Sieyuan Electric 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.

Sieyuan Electric Correlation With Market

Significant diversification

The correlation between Sieyuan Electric Co and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sieyuan Electric Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sieyuan Stock

0.82

601336

New China Life

Pair Corr

Related Correlations Analysis

	601398	601288	601939	601988	601658	601328	600036	601166	601998	600000
601398		0.96	0.98	0.95	0.93	0.94	0.83	0.82	0.91	0.78	601398
601288	0.96		0.93	0.96	0.88	0.9	0.71	0.73	0.83	0.68	601288
601939	0.98	0.93		0.9	0.97	0.93	0.9	0.87	0.92	0.85	601939
601988	0.95	0.96	0.9		0.85	0.88	0.67	0.68	0.86	0.61	601988
601658	0.93	0.88	0.97	0.85		0.93	0.92	0.92	0.93	0.87	601658
601328	0.94	0.9	0.93	0.88	0.93		0.86	0.89	0.93	0.86	601328
600036	0.83	0.71	0.9	0.67	0.92	0.86		0.94	0.88	0.95	600036
601166	0.82	0.73	0.87	0.68	0.92	0.89	0.94		0.87	0.98	601166
601998	0.91	0.83	0.92	0.86	0.93	0.93	0.88	0.87		0.84	601998
600000	0.78	0.68	0.85	0.61	0.87	0.86	0.95	0.98	0.84		600000
	601398	601288	601939	601988	601658	601328	600036	601166	601998	600000

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Risk-Adjusted Indicators

There is a big difference between Sieyuan Stock performing well and Sieyuan Electric 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 Sieyuan Electric'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
601288	1.07	0.19	0.08	12.06	1.41	(1.10)	2.20	(2.19)	7.78
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
601658	1.38	0.22	0.09	1.74	1.43	(1.61)	3.49	(2.35)	9.13
601328	1.33	0.13	0.05	1.86	1.39	(1.56)	3.26	(2.27)	10.82
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
601998	1.51	0.22	0.08	2.10	1.88	(1.61)	3.02	(2.66)	13.33
600000	1.43	0.20	0.08	(2.80)	1.47	(1.72)	3.69	(2.47)	10.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sieyuan Electric 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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Sieyuan Electric Corporate Executives

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

Zherong Yang

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