Jiangsu Yanghe Correlations
| 002304 Stock | 77.02 0.01 0.01% |
The current 90-days correlation between Jiangsu Yanghe Brewery and CSSC Offshore Marine is 0.2 (i.e., Modest diversification). The correlation of Jiangsu Yanghe 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.
Jiangsu Yanghe Correlation With Market
Significant diversification
The correlation between Jiangsu Yanghe Brewery and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jiangsu Yanghe Brewery and DJI in the same portfolio, assuming nothing else is changed.
Jiangsu |
The ability to find closely correlated positions to Jiangsu Yanghe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jiangsu Yanghe 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 Jiangsu Yanghe - 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 Jiangsu Yanghe Brewery to buy it.
Moving together with Jiangsu Stock
| 0.73 | 002303 | Shenzhen MYS Environ | PairCorr |
| 0.8 | 000517 | Rongan Property | PairCorr |
| 0.68 | 200012 | CSG Holding | PairCorr |
| 0.69 | 000937 | Jizhong Energy Resources | PairCorr |
| 0.67 | 605368 | Henan Lantian Gas | PairCorr |
| 0.8 | 605377 | Hangzhou Huawang New | PairCorr |
Moving against Jiangsu Stock
| 0.59 | 508096 | AVIC Fund Management | PairCorr |
| 0.56 | 002582 | Haoxiangni Jujube | PairCorr |
| 0.43 | 603959 | Hunan Baili Engineering | PairCorr |
Related Correlations Analysis
| 0.34 | 0.76 | 0.8 | 0.71 | 0.68 | 0.66 | 603011 | ||
| 0.34 | 0.25 | 0.26 | 0.02 | 0.14 | 0.78 | 600685 | ||
| 0.76 | 0.25 | 0.72 | 0.6 | 0.43 | 0.46 | 600259 | ||
| 0.8 | 0.26 | 0.72 | 0.9 | 0.81 | 0.65 | 002008 | ||
| 0.71 | 0.02 | 0.6 | 0.9 | 0.84 | 0.5 | 002065 | ||
| 0.68 | 0.14 | 0.43 | 0.81 | 0.84 | 0.63 | 688520 | ||
| 0.66 | 0.78 | 0.46 | 0.65 | 0.5 | 0.63 | 301311 | ||
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Risk-Adjusted Indicators
There is a big difference between Jiangsu Stock performing well and Jiangsu Yanghe 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 Jiangsu Yanghe'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 603011 | 2.47 | 0.57 | 0.22 | 1.11 | 2.12 | 9.96 | 14.81 | |||
| 600685 | 1.07 | (0.02) | 0.00 | 0.12 | 0.00 | 2.47 | 5.92 | |||
| 600259 | 1.62 | 0.21 | 0.12 | (0.24) | 1.51 | 4.47 | 13.11 | |||
| 002008 | 1.54 | 0.14 | 0.08 | (32.68) | 1.69 | 4.28 | 9.10 | |||
| 002065 | 3.05 | 0.45 | 0.11 | (0.88) | 3.44 | 9.96 | 20.06 | |||
| 688520 | 1.47 | 0.03 | 0.02 | (0.19) | 1.71 | 3.11 | 9.22 | |||
| 301311 | 1.62 | (0.06) | 0.00 | 0.12 | 0.00 | 3.29 | 9.30 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Jiangsu Yanghe 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.Did you try this?
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Jiangsu Yanghe Corporate Management
Elected by the shareholders, the Jiangsu Yanghe's board of directors comprises two types of representatives: Jiangsu Yanghe inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jiangsu. The board's role is to monitor Jiangsu Yanghe's management team and ensure that shareholders' interests are well served. Jiangsu Yanghe'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, Jiangsu Yanghe's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Xinhu Zhou | VP Engineer | Profile | |
| Lu Hongzhen | Board Sec | Profile | |
| Qike Zhao | Accounting Supervisor | Profile | |
| Hongzhen Lu | Board Secretary | Profile |