Qiming Information Correlations

Stocks . China . 
Stock . Qiming Information Technology
002232 Stock   19.82  1.50  7.04%   
The current 90-days correlation between Qiming Information and Industrial and Commercial is -0.01 (i.e., Good diversification). The correlation of Qiming Information 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.

Qiming Information Correlation With Market

Significant diversification

The correlation between Qiming Information Technology and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qiming Information Technology and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Qiming Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Qiming Information 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 Qiming Information - 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 Qiming Information Technology to buy it.

Moving together with Qiming Stock

  0.73002371 NAURA TechnologyPairCorr
  0.81300750 Contemporary AmperexPairCorr
  0.8688111 Beijing Kingsoft OfficePairCorr
  0.62000761 Bengang Steel PlatesPairCorr
  0.69000909 Soyea TechnologyPairCorr
  0.63002400 Guangdong AdvertisingPairCorr
  0.8600335 Sinomach AutomobilePairCorr
  0.75000609 Beijing MainstreetsPairCorr
  0.77603800 Suzhou Douson DrillingPairCorr
  0.76600498 Fiberhome TelecommunicatioPairCorr
  0.74601002 Gem Year IndustrialPairCorr
  0.76000560 5I5j Holding GroupPairCorr
  0.69600804 Dr Peng TelecomPairCorr
  0.74603659 Shanghai Putailai NewPairCorr
  0.69000428 Huatian Hotel GroupPairCorr
  0.71600584 JCET GroupPairCorr
  0.62300433 Lens TechnologyPairCorr
  0.78688507 Shanghai Suochen InfPairCorr
  0.64002303 Shenzhen MYS EnvironPairCorr
  0.77688119 Sinosteel Luonai MatPairCorr
  0.67002217 Holitech TechnologyPairCorr
  0.7688047 Loongson Technology CorpPairCorr
  0.7000661 Changchun High NewPairCorr
  0.75603313 HealthcarePairCorr
  0.72300880 Ningbo Jianan ElectronicsPairCorr
  0.75301379 Techshine ElectronicsPairCorr
  0.69301390 Hangzhou Gisway InfoPairCorr
  0.79600633 Zhejiang Daily MediaPairCorr
  0.69603969 Tianjin Silvery DragonPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Qiming Stock performing well and Qiming Information 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 Qiming Information'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  1.14  0.30  0.22  2.63  1.00 
(1.49)
 2.83 
(1.71)
 8.14 
601288  1.05  0.25  0.14  1.96  1.12 
(1.17)
 2.98 
(1.89)
 7.78 
601939  1.14  0.31  0.18  5.46  1.16 
(1.35)
 3.32 
(1.93)
 8.64 
601988  1.02  0.26  0.18  5.26  0.93 
(1.28)
 2.67 
(1.98)
 7.70 
601658  1.36  0.29  0.16  1.02  1.32 
(1.66)
 3.49 
(2.23)
 9.13 
601328  1.33  0.25  0.15  1.35  1.23 
(1.58)
 3.26 
(2.12)
 10.82 
600036  1.57  0.37  0.16  1.83  1.76 
(1.81)
 4.65 
(2.56)
 13.83 
601166  1.39  0.27  0.13  1.48  1.49 
(1.52)
 3.84 
(2.41)
 12.07 
601998  1.52  0.28  0.12  1.00  1.81 
(1.68)
 3.02 
(2.37)
 13.33 
600000  1.43  0.33  0.19  2.31  1.27 
(1.70)
 3.69 
(2.14)
 10.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Qiming Information 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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