Guangdong Advertising Correlations

002400 Stock

8.21 0.02 0.24%

The current 90-days correlation between Guangdong Advertising and Sichuan Hebang Biotechnology is 0.34 (i.e., Weak diversification). The correlation of Guangdong Advertising 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.

Guangdong Advertising Correlation With Market

Average diversification

The correlation between Guangdong Advertising Co and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guangdong Advertising Co and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	603077	603983	600363	300463	300842	002289	688630	688670
603077		-0.01	-0.51	0.15	-0.42	-0.47	-0.23	0.68	603077
603983	-0.01		0.57	0.63	0.43	0.57	0.22	-0.05	603983
600363	-0.51	0.57		0.66	0.82	0.83	0.63	-0.06	600363
300463	0.15	0.63	0.66		0.61	0.49	0.51	0.49	300463
300842	-0.42	0.43	0.82	0.61		0.83	0.76	0.11	300842
002289	-0.47	0.57	0.83	0.49	0.83		0.59	-0.06	002289
688630	-0.23	0.22	0.63	0.51	0.76	0.59		0.24	688630
688670	0.68	-0.05	-0.06	0.49	0.11	-0.06	0.24		688670
	603077	603983	600363	300463	300842	002289	688630	688670

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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

002289	+ 0.83	600363
002289	+ 0.83	300842
300842	+ 0.82	600363
688630	+ 0.76	300842
688670	+ 0.68	603077
300463	+ 0.66	600363

High negative correlations

600363	- 0.51	603077
002289	- 0.47	603077
300842	- 0.42	603077
688630	- 0.23	603077
688670	- 0.06	002289
688670	- 0.06	600363

Risk-Adjusted Indicators

There is a big difference between Guangdong Stock performing well and Guangdong Advertising 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 Guangdong Advertising'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
603077	0.93	(0.24)	0.00	1.39	0.00	0.00	1.44	(2.55)	5.71
603983	2.05	0.13	0.07	(0.62)	2.21	(2.40)	3.74	(3.76)	15.70
600363	2.42	0.55	0.21	0.94	2.20	(2.70)	7.22	(4.17)	15.23
300463	1.49	(0.02)	0.00	(0.18)	0.00	0.00	3.10	(2.91)	15.32
300842	2.07	0.18	0.09	(2.03)	2.19	(2.40)	5.83	(3.02)	13.00
002289	2.07	0.31	0.12	1.06	2.21	(2.31)	5.10	(4.63)	9.76
688630	2.30	0.44	0.21	(8.94)	2.04	(3.06)	4.99	(3.37)	17.10
688670	1.87	(0.30)	0.00	0.47	0.00	0.00	3.35	(4.39)	12.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Guangdong Advertising 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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Guangdong Advertising Corporate Management

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

Xia Yue	Deputy Mang	Profile
Xiaozhen Chen	Deputy Manager	Profile
Yifan Xiang	Deputy Manager	Profile
Liao Hao	Secretary GM	Profile
Hui Zhi	Deputy Mang	Profile

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