Beijing Venustech Correlations

002439 Stock

16.92 0.47 2.70%

The current 90-days correlation between Beijing Venustech and Qilu Bank Co is 0.31 (i.e., Weak diversification). The correlation of Beijing Venustech 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.

Beijing Venustech Correlation With Market

Significant diversification

The correlation between Beijing Venustech and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beijing Venustech and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Beijing Stock

0.71	601398	Industrial and Commercial	Pair Corr
0.84	600519	Kweichow Moutai	Pair Corr
0.77	601939	China Construction Bank	Pair Corr
0.95	300750	Contemporary Amperex	Pair Corr
0.96	601628	China Life Insurance	Pair Corr
0.9	600036	China Merchants Bank	Pair Corr
0.89	002459	JA Solar Technology	Pair Corr
0.92	002410	Glodon Software	Pair Corr
0.94	300866	Anker Innovations	Pair Corr
0.8	600666	Aurora Optoelectronics	Pair Corr
0.75	002432	Andon Health	Pair Corr
0.83	002594	BYD Co	Pair Corr
0.93	688507	Shanghai Suochen Inf	Pair Corr
0.75	603818	Qumei Furniture Group	Pair Corr
0.86	601568	Shaanxi Beiyuan Chemical	Pair Corr
0.94	600522	Jiangsu Zhongtian	Pair Corr
0.69	600221	Hainan Airlines	Pair Corr
0.95	600030	CITIC Securities	Pair Corr
0.79	603709	Zoy Home Furnishing	Pair Corr
0.9	601668	China State Construction	Pair Corr
0.85	600597	Bright Dairy Food	Pair Corr
0.79	300825	Iat Automobile Technology	Pair Corr
0.95	002371	NAURA Technology	Pair Corr

Related Correlations Analysis

	601665	000637	002296	600901	002124	601319	600132	601187
601665		0.64	0.54	0.94	0.64	0.91	0.71	0.73	601665
000637	0.64		0.87	0.63	0.93	0.78	0.75	0.9	000637
002296	0.54	0.87		0.59	0.71	0.74	0.73	0.9	002296
600901	0.94	0.63	0.59		0.58	0.94	0.79	0.76	600901
002124	0.64	0.93	0.71	0.58		0.7	0.62	0.81	002124
601319	0.91	0.78	0.74	0.94	0.7		0.89	0.88	601319
600132	0.71	0.75	0.73	0.79	0.62	0.89		0.86	600132
601187	0.73	0.9	0.9	0.76	0.81	0.88	0.86		601187
	601665	000637	002296	600901	002124	601319	600132	601187

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Beijing Stock performing well and Beijing Venustech 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 Beijing Venustech'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
601665	1.64	0.25	0.07	(2.35)	1.76	(1.88)	4.56	(3.50)	12.79
000637	1.80	0.54	0.16	(1.06)	2.06	(2.10)	4.18	(2.75)	15.54
002296	2.66	0.64	0.15	(34.95)	2.92	(2.82)	8.10	(4.90)	18.08
600901	1.56	0.18	0.04	1.12	2.30	(1.63)	3.47	(3.32)	18.16
002124	2.22	0.53	0.16	(0.70)	1.91	(2.74)	5.06	(3.85)	9.85
601319	1.90	0.35	0.10	(30.72)	2.17	(2.30)	4.69	(3.30)	20.06
600132	1.97	0.33	0.11	0.82	2.21	(2.27)	5.66	(3.49)	19.76
601187	1.49	0.31	0.10	(1.58)	1.76	(1.83)	4.36	(2.30)	16.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in Beijing Venustech 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 Portfolio Holdings Now

Portfolio Holdings

Check your current holdings and cash postion to detemine if your portfolio needs rebalancing

All Next

Launch Module

Beijing Venustech Corporate Executives

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

Yuan Zhang

Deputy CFO

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