Titan Wind Correlations

Stocks . China . 
Stock . Titan Wind Energy
002531 Stock   9.38  0.20  2.18%   
The current 90-days correlation between Titan Wind Energy and CICT Mobile Communication is 0.49 (i.e., Very weak diversification). The correlation of Titan Wind 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.

Titan Wind Correlation With Market

Good diversification

The correlation between Titan Wind Energy and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Titan Wind Energy and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Titan Wind could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Titan Wind 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 Titan Wind - 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 Titan Wind Energy to buy it.

Moving together with Titan Stock

  0.9601318 Ping An InsurancePairCorr
  0.83601728 China Telecom CorpPairCorr
  0.82601668 China State ConstructionPairCorr
  0.81600519 Kweichow MoutaiPairCorr
  0.9601628 China Life InsurancePairCorr
  0.71688036 Shenzhen TranssionPairCorr
  0.95301370 GKHT Medical TechnologyPairCorr
  0.84300396 Dirui IndustrialPairCorr
  0.95600459 Sino Platinum MetalsPairCorr
  0.89000839 CITIC Guoan InformationPairCorr
  0.93002491 Tongding InterconnectionPairCorr
  0.92600030 CITIC SecuritiesPairCorr
  0.95688203 Zhejiang HISUN BiomaPairCorr
  0.94300261 Aba Chemicals CorpPairCorr
  0.78002792 Tongyu CommunicationPairCorr
  0.84000572 Haima AutomobilePairCorr
  0.95600996 Guizhou BroadcastingTVPairCorr
  0.9688298 Zhejiang Orient GenePairCorr
  0.93603986 GigaDevice SemiconductorBeiPairCorr
  0.9002371 NAURA TechnologyPairCorr
  0.91002429 Shenzhen MTCPairCorr
  0.94600429 Beijing Sanyuan FoodsPairCorr
  0.9002269 Shanghai MetersbonwePairCorr
  0.93688019 Anji MicroelectronicsPairCorr
  0.91600399 Fushun Special SteelPairCorr
  0.73605577 Heilongjiang PublishingPairCorr
  0.88301236 iSoftStone InformationPairCorr
  0.91002205 XinJiang GuoTong PipelinePairCorr
  0.7000598 Chengdu Xingrong InvPairCorr
  0.85002941 Xinjiang CommunicationsPairCorr
  0.85002995 Beijing Quanshi WorldPairCorr
  0.69601998 China Citic BankPairCorr
  0.91605499 Eastroc Beverage SplitPairCorr
  0.93600512 Tengda ConstructionPairCorr
  0.93900957 Shanghai Lingyun IndPairCorr

Moving against Titan Stock

  0.4600028 China Petroleum ChemicalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Titan Stock performing well and Titan Wind 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 Titan Wind'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Titan Wind 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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Titan Wind Corporate Management

Elected by the shareholders, the Titan Wind's board of directors comprises two types of representatives: Titan Wind inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Titan. The board's role is to monitor Titan Wind's management team and ensure that shareholders' interests are well served. Titan Wind'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, Titan Wind's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bin BaoDeputy ManagerProfile
Yan JunxuCFO ChairmanProfile
Bin ZhuDirector DirectorProfile
Zhou JianzhongGen SourcingProfile
Chen WeimingDeputy ManagerProfile
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