Vatti Corp Correlations

Stocks . China . 
Stock . Vatti Corp
002035 Stock   7.54  0.12  1.57%   
The current 90-days correlation between Vatti Corp and Industrial and Commercial is 0.42 (i.e., Very weak diversification). The correlation of Vatti Corp 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.

Vatti Corp Correlation With Market

Average diversification

The correlation between Vatti Corp and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vatti Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Vatti Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vatti Corp 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 Vatti Corp - 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 Vatti Corp to buy it.

Moving together with Vatti Stock

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  0.73300917 Shenzhen SDG ServicePairCorr
  0.8600223 Lushang PropertyPairCorr
  0.85000792 Qinghai Salt LakePairCorr
  0.91000555 Digital China InformationPairCorr
  0.89600675 China EnterprisePairCorr
  0.83000635 Ningxia YounglightPairCorr
  0.78600346 Hengli PetrochemicalPairCorr
  0.9002382 Blue Sail MedicalPairCorr
  0.75300378 Digiwin SoftwarePairCorr
  0.82600079 Humanwell HealthcarePairCorr
  0.88301359 Dongnan ElectronicsPairCorr
  0.7002293 Luolai Home TextilePairCorr
  0.85002371 NAURA TechnologyPairCorr
  0.77601998 China Citic BankPairCorr
  0.88301015 Qingdao Baheal MedicalPairCorr
  0.91002368 Taiji Computer CorpPairCorr
  0.85002129 TCL Zhonghuan RenewablePairCorr
  0.61000333 Midea GroupPairCorr
  0.82601665 Qilu BankPairCorr
  0.84002516 Kuangda TechnologyPairCorr
  0.66601166 Industrial BankPairCorr
  0.66601939 China Construction BankPairCorr
  0.91000009 China Baoan GroupPairCorr
  0.85900934 Shanghai Jin JiangPairCorr
  0.66002121 Shenzhen Clou ElectronicsPairCorr
  0.88000157 Zoomlion Heavy IndustryPairCorr
  0.85601615 Ming Yang SmartPairCorr
  0.89601336 New China LifePairCorr
  0.8300301 Shenzhen Changfang LightPairCorr
  0.84688185 Cansino BiologicsPairCorr
  0.67600000 Shanghai Pudong DevePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vatti Stock performing well and Vatti Corp 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 Vatti Corp'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
601398  1.09  0.25  0.18  3.08  1.01 
(1.43)
 2.83 
(1.71)
 8.14 
600519  1.71  0.17  0.07  0.61  1.81 
(2.11)
 6.55 
(2.98)
 16.71 
601288  1.02  0.18  0.11  1.44  1.25 
(1.11)
 2.20 
(1.89)
 7.78 
600941  1.05  0.17  0.14 (8.04) 0.96 
(1.37)
 3.09 
(2.04)
 8.38 
601939  1.11  0.26  0.16  1.80  1.16 
(1.32)
 3.32 
(1.93)
 8.64 
601857  1.28  0.12  0.05 (4.50) 1.83 
(1.59)
 3.55 
(2.03)
 17.17 
601988  1.00  0.19  0.14  1.27  0.97 
(1.27)
 2.67 
(1.98)
 7.70 
300750  2.77  0.60  0.16 (2.47) 3.05 
(3.23)
 7.94 
(3.41)
 33.42 
601628  2.13  0.35  0.11  0.90  2.54 
(2.30)
 6.42 
(3.94)
 20.00 
600036  1.56  0.37  0.17 (3.67) 1.76 
(1.79)
 4.65 
(2.56)
 13.83 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vatti Corp 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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Vatti Corp Corporate Executives

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