Topsec Technologies Correlations

002212 Stock

6.87 0.15 2.23%

The current 90-days correlation between Topsec Technologies and Zhejiang Orient Gene is 0.55 (i.e., Very weak diversification). The correlation of Topsec Technologies 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.

Topsec Technologies Correlation With Market

Good diversification

The correlation between Topsec Technologies Group and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Topsec Technologies Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Topsec Stock

0.77	601668	China State Construction	Pair Corr
0.87	600048	Poly Real Estate	Pair Corr
0.85	000002	China Vanke	Pair Corr
0.88	001979	China Merchants Shekou	Pair Corr
0.86	600325	Huafa Industrial	Pair Corr
0.86	601995	China International	Pair Corr
0.74	600519	Kweichow Moutai	Pair Corr
0.87	600153	Xiamen CD	Pair Corr
0.92	300750	Contemporary Amperex	Pair Corr
0.89	600340	China Fortune Land	Pair Corr
0.81	000001	Ping An Bank	Pair Corr
0.87	688298	Zhejiang Orient Gene	Pair Corr
0.95	300339	Jiangsu Hoperun Software	Pair Corr
0.89	000625	Chongqing Changan	Pair Corr
0.85	600229	Qingdao Citymedia	Pair Corr

Related Correlations Analysis

	600519	002371	688298	688617	002594	300760	300750	688169	688111	600436
600519		0.78	0.85	0.54	0.84	0.92	0.84	0.36	0.81	0.93	600519
002371	0.78		0.87	0.24	0.8	0.84	0.94	0.09	0.95	0.91	002371
688298	0.85	0.87		0.52	0.88	0.92	0.91	0.34	0.87	0.92	688298
688617	0.54	0.24	0.52		0.46	0.59	0.38	0.6	0.35	0.44	688617
002594	0.84	0.8	0.88	0.46		0.9	0.92	0.58	0.86	0.91	002594
300760	0.92	0.84	0.92	0.59	0.9		0.9	0.43	0.86	0.94	300760
300750	0.84	0.94	0.91	0.38	0.92	0.9		0.31	0.97	0.96	300750
688169	0.36	0.09	0.34	0.6	0.58	0.43	0.31		0.22	0.33	688169
688111	0.81	0.95	0.87	0.35	0.86	0.86	0.97	0.22		0.93	688111
600436	0.93	0.91	0.92	0.44	0.91	0.94	0.96	0.33	0.93		600436
	600519	002371	688298	688617	002594	300760	300750	688169	688111	600436

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Risk-Adjusted Indicators

There is a big difference between Topsec Stock performing well and Topsec Technologies 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 Topsec Technologies' 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
600519	1.69	0.18	0.00	(0.24)	1.87	(2.04)	6.55	(2.98)	16.71
002371	2.37	0.48	0.14	(3.86)	2.11	(2.72)	9.80	(3.99)	15.93
688298	2.94	0.35	0.03	(0.21)	3.06	(3.69)	7.33	(4.70)	24.03
688617	2.47	0.17	(0.02)	(0.04)	3.33	(2.67)	4.28	(4.56)	31.11
002594	1.87	0.38	0.08	(0.39)	1.89	(2.20)	5.74	(3.34)	14.84
300760	2.28	0.20	0.02	(0.43)	2.61	(2.60)	9.90	(4.56)	19.76
300750	2.70	0.77	0.16	(0.76)	3.07	(3.34)	7.94	(3.41)	33.42
688169	3.25	0.35	0.01	(0.12)	4.23	(3.54)	6.51	(5.72)	34.80
688111	3.75	0.82	0.15	(2.82)	3.86	(4.43)	9.33	(5.43)	37.06
600436	1.83	0.32	0.05	(0.33)	2.17	(2.25)	5.54	(3.27)	19.64

Be your own money manager

Our tools can tell you how much better you can do entering a position in Topsec Technologies 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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