GEM Correlations
| 002340 Stock | 6.67 0.06 0.91% |
The current 90-days correlation between GEM Co and Shandong Gold Mining is 0.44 (i.e., Very weak diversification). The correlation of GEM 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.
GEM Correlation With Market
Good diversification
The correlation between GEM Co and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GEM Co and DJI in the same portfolio, assuming nothing else is changed.
GEM |
The ability to find closely correlated positions to GEM could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GEM 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 GEM - 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 GEM Co to buy it.
Moving together with GEM Stock
| 0.75 | 600019 | Baoshan Iron Steel | PairCorr |
| 0.89 | 002493 | Rongsheng Petrochemical | PairCorr |
| 0.72 | 600010 | Inner Mongolia BaoTou | PairCorr |
| 0.71 | 002460 | Jiangxi Ganfeng Lithium | PairCorr |
| 0.8 | 603260 | Hoshine Silicon Ind | PairCorr |
| 0.78 | 600160 | Zhejiang Juhua | PairCorr |
| 0.89 | 601318 | Ping An Insurance | PairCorr |
| 0.84 | 601668 | China State Construction | PairCorr |
| 0.83 | 600519 | Kweichow Moutai | PairCorr |
| 0.92 | 601628 | China Life Insurance | PairCorr |
| 0.69 | 300825 | Iat Automobile Technology | PairCorr |
| 0.91 | 002466 | Sichuan Tianqi Lithium | PairCorr |
| 0.95 | 300034 | Beijing Cisri Gaona | PairCorr |
| 0.8 | 002382 | Blue Sail Medical | PairCorr |
| 0.84 | 600100 | Tsinghuatongfang | PairCorr |
| 0.79 | 688507 | Shanghai Suochen Inf | PairCorr |
| 0.7 | 688193 | Shanghai Rendu Biote | PairCorr |
| 0.68 | 000600 | Jointo Energy Investment | PairCorr |
| 0.87 | 688119 | Sinosteel Luonai Mat | PairCorr |
| 0.91 | 300054 | Hubei Dinglong Chemical | PairCorr |
| 0.77 | 002517 | Kingnet Network | PairCorr |
| 0.8 | 600036 | China Merchants Bank | PairCorr |
| 0.61 | 002379 | Shandong Hongchuang | PairCorr |
| 0.95 | 002920 | Huizhou Desay SV | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between GEM Stock performing well and GEM 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 GEM'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601899 | 1.64 | 0.12 | 0.03 | (0.40) | 2.04 | 3.26 | 10.10 | |||
| 600309 | 1.77 | 0.11 | 0.03 | (0.57) | 2.27 | 3.92 | 16.38 | |||
| 600019 | 1.66 | 0.38 | 0.12 | (1.83) | 2.02 | 4.80 | 17.37 | |||
| 600547 | 1.35 | (0.13) | 0.00 | 0.50 | 0.00 | 2.39 | 12.15 | |||
| 002493 | 1.51 | 0.21 | 0.08 | (18.30) | 1.96 | 4.12 | 15.52 | |||
| 600010 | 2.46 | 0.56 | 0.17 | (0.74) | 2.44 | 7.46 | 19.48 | |||
| 002460 | 3.18 | 0.65 | 0.18 | (3.42) | 3.05 | 9.99 | 20.00 | |||
| 603260 | 2.00 | 0.32 | 0.10 | (0.84) | 2.46 | 4.90 | 17.89 | |||
| 600160 | 2.17 | 0.66 | 0.27 | 11.15 | 1.83 | 6.09 | 15.23 | |||
| 000807 | 2.05 | 0.38 | 0.14 | 0.94 | 2.29 | 5.75 | 15.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GEM 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?
Run Efficient Frontier Now
Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
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GEM Corporate Management
Elected by the shareholders, the GEM's board of directors comprises two types of representatives: GEM inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GEM. The board's role is to monitor GEM's management team and ensure that shareholders' interests are well served. GEM'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, GEM's outside directors are responsible for providing unbiased perspectives on the board's policies.