Beijing Bewinner Correlations

Stocks . China . 
Stock . Beijing Bewinner Communications
002148 Stock   6.88  0.10  1.43%   
The current 90-days correlation between Beijing Bewinner Com and Sinocat Environmental Technology is 0.43 (i.e., Very weak diversification). The correlation of Beijing Bewinner 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.
  
The ability to find closely correlated positions to Beijing Bewinner could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beijing Bewinner 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 Beijing Bewinner - 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 Beijing Bewinner Communications to buy it.

Moving together with Beijing Stock

  0.78002194 Wuhan Fingu ElectronicPairCorr
  0.63300840 Qingdao Kutesmart CoPairCorr
  0.64603068 Beken CorpPairCorr
  0.62300163 Ningbo Xianfeng NewPairCorr
  0.66301226 Changzhou XiangmingPairCorr
  0.78002250 Lianhe Chemical TechPairCorr
  0.7002501 Jilin Liyuan PrecisionPairCorr
  0.66002998 Elite Color EnvironmentalPairCorr
  0.74688327 Cloudwalk TechnologyPairCorr
  0.63300940 Shen Zhen AustralisPairCorr
  0.8688466 GreenTech EnvironmentalPairCorr
  0.88300674 Yusys TechnologiesPairCorr
  0.73000506 Zhongrun ResourcesPairCorr
  0.77002594 BYD CoPairCorr
  0.69603259 WuXi AppTecPairCorr
  0.66300895 Beijing Topnew InfoPairCorr
  0.8300354 DongHua Testing TechPairCorr
  0.77001228 Yongtaiyun ChemicalPairCorr
  0.68300530 Hunan Lead PowerPairCorr
  0.7603716 Wuhan Thalys MedPairCorr

Moving against Beijing Stock

  0.83601857 PetroChinaPairCorr
  0.8600938 CNOOC LimitedPairCorr
  0.57603959 Hunan Baili EngineeringPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Beijing Stock performing well and Beijing Bewinner 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 Beijing Bewinner'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Beijing Bewinner 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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