Taiji Computer Correlations

002368 Stock

24.56 0.80 3.15%

The current 90-days correlation between Taiji Computer Corp and Jiangsu Pacific Quartz is 0.68 (i.e., Poor diversification). The correlation of Taiji Computer 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.

Taiji Computer Correlation With Market

Significant diversification

The correlation between Taiji Computer Corp and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taiji Computer Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Taiji Stock

0.64	600519	Kweichow Moutai	Pair Corr
0.75	601318	Ping An Insurance	Pair Corr
0.74	600016	China Minsheng Banking	Pair Corr
0.72	300894	Marssenger Kitchenware	Pair Corr
0.67	601998	China Citic Bank	Pair Corr
0.83	002295	Guangdong Jingyi Metal	Pair Corr
0.67	002432	Andon Health	Pair Corr
0.88	600170	Shanghai Construction	Pair Corr
0.88	600084	Citic Guoan Wine	Pair Corr
0.69	002743	Anhui Fuhuang Steel	Pair Corr
0.88	000661	Changchun High New	Pair Corr
0.87	001323	De Rucci Healthy	Pair Corr
0.84	000063	ZTE Corp	Pair Corr
0.69	600583	Offshore Oil Engineering	Pair Corr
0.86	002065	Dhc Software	Pair Corr
0.75	900934	Shanghai Jin Jiang	Pair Corr
0.86	603688	Jiangsu Pacific Quartz	Pair Corr
0.86	300301	Shenzhen Changfang Light	Pair Corr
0.89	601336	New China Life	Pair Corr
0.7	002121	Shenzhen Clou Electronics	Pair Corr
0.86	000963	Huadong Medicine	Pair Corr
0.69	603610	Keeson Technology Corp	Pair Corr
0.91	000408	Zangge Holding	Pair Corr
0.83	601636	Zhuzhou Kibing Group	Pair Corr
0.92	000036	China Union Holdings	Pair Corr
0.82	002555	37 Interactive Enter	Pair Corr
0.82	300729	Loctek Ergonomic Tec	Pair Corr
0.79	000157	Zoomlion Heavy Industry	Pair Corr

Moving against Taiji Stock

0.32

600028

China Petroleum Chemical

Pair Corr

Related Correlations Analysis

	600519	300760	603688	603444	688036	688169	000568	000719	300750	000858
600519		0.9	0.86	0.65	0.81	0.22	0.94	0.52	0.79	0.95	600519
300760	0.9		0.88	0.61	0.81	0.37	0.91	0.39	0.76	0.88	300760
603688	0.86	0.88		0.5	0.69	0.11	0.94	0.42	0.91	0.94	603688
603444	0.65	0.61	0.5		0.75	0.59	0.53	0.73	0.45	0.52	603444
688036	0.81	0.81	0.69	0.75		0.41	0.76	0.48	0.62	0.75	688036
688169	0.22	0.37	0.11	0.59	0.41		0.09	0.32	-0.07	0.09	688169
000568	0.94	0.91	0.94	0.53	0.76	0.09		0.44	0.9	0.99	000568
000719	0.52	0.39	0.42	0.73	0.48	0.32	0.44		0.52	0.46	000719
300750	0.79	0.76	0.91	0.45	0.62	-0.07	0.9	0.52		0.9	300750
000858	0.95	0.88	0.94	0.52	0.75	0.09	0.99	0.46	0.9		000858
	600519	300760	603688	603444	688036	688169	000568	000719	300750	000858

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

000858	+ 0.99	000568
000858	+ 0.95	600519
000568	+ 0.94	600519
000568	+ 0.94	603688
000858	+ 0.94	603688
000568	+ 0.91	300760

High negative correlations

300750

- 0.07

688169

Risk-Adjusted Indicators

There is a big difference between Taiji Stock performing well and Taiji Computer 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 Taiji Computer'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
600519	1.71	0.17	0.07	0.61	1.81	(2.11)	6.55	(2.98)	16.71
300760	2.16	0.12	0.04	(0.98)	2.51	(2.58)	4.81	(3.75)	19.76
603688	2.73	0.43	0.13	(227.24)	2.79	(3.14)	8.33	(4.18)	19.04
603444	2.60	0.23	0.06	(1.22)	3.30	(2.69)	5.75	(4.79)	18.75
688036	3.01	0.29	0.08	0.36	3.36	(3.60)	6.01	(4.55)	31.26
688169	3.04	(0.04)	0.00	0.87	0.00	0.00	5.74	(5.72)	34.80
000568	2.42	0.35	0.13	0.68	2.47	(3.21)	10.00	(4.01)	20.00
000719	2.01	0.16	0.05	(4.50)	2.45	(2.23)	4.39	(3.71)	16.97
300750	2.77	0.60	0.16	(2.47)	3.05	(3.23)	7.94	(3.41)	33.42
000858	2.18	0.35	0.14	0.95	2.21	(2.65)	7.27	(3.56)	19.98

Be your own money manager

Our tools can tell you how much better you can do entering a position in Taiji Computer 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 Premium Stories Now

Premium Stories

Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope

All Next

Launch Module

Taiji Computer Corporate Executives

Elected by the shareholders, the Taiji Computer's board of directors comprises two types of representatives: Taiji Computer inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Taiji. The board's role is to monitor Taiji Computer's management team and ensure that shareholders' interests are well served. Taiji Computer'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, Taiji Computer's outside directors are responsible for providing unbiased perspectives on the board's policies.

Qiang Wang

CFO VP

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC