SuZhou ChunXing Correlations
| 002547 Stock | 4.48 0.28 5.88% |
The current 90-days correlation between SuZhou ChunXing Precision and Wuhan Hvsen Biotechnology is 0.21 (i.e., Modest diversification). The correlation of SuZhou ChunXing 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.
SuZhou ChunXing Correlation With Market
Average diversification
The correlation between SuZhou ChunXing Precision and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SuZhou ChunXing Precision and DJI in the same portfolio, assuming nothing else is changed.
SuZhou |
The ability to find closely correlated positions to SuZhou ChunXing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SuZhou ChunXing 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 SuZhou ChunXing - 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 SuZhou ChunXing Precision to buy it.
Moving together with SuZhou Stock
| 0.8 | 600010 | Inner Mongolia BaoTou | PairCorr |
| 0.78 | 002460 | Jiangxi Ganfeng Lithium | PairCorr |
| 0.69 | 600160 | Zhejiang Juhua | PairCorr |
| 0.73 | 200468 | Nanjing Putian Telec | PairCorr |
| 0.86 | 600322 | Tianjin Realty Devel | PairCorr |
| 0.64 | 300391 | Kangyue Technology | PairCorr |
| 0.9 | 002168 | Shenzhen Hifuture | PairCorr |
| 0.82 | 000692 | Shenyang Huitian Thermal | PairCorr |
| 0.91 | 300301 | Shenzhen Changfang Light | PairCorr |
| 0.88 | 300013 | Jiangsu Xinning Modern | PairCorr |
| 0.75 | 000506 | Zhongrun Resources | PairCorr |
| 0.84 | 002584 | Xilong Chemical | PairCorr |
| 0.63 | 301379 | Techshine Electronics | PairCorr |
| 0.72 | 688047 | Loongson Technology Corp | PairCorr |
| 0.7 | 688325 | Guangdong Cellwise | PairCorr |
| 0.79 | 600455 | ButOne Information Corp | PairCorr |
| 0.69 | 600633 | Zhejiang Daily Media | PairCorr |
| 0.8 | 300825 | Iat Automobile Technology | PairCorr |
| 0.85 | 603313 | Healthcare | PairCorr |
| 0.76 | 600335 | Sinomach Automobile | PairCorr |
| 0.7 | 688507 | Shanghai Suochen Inf | PairCorr |
| 0.71 | 688119 | Sinosteel Luonai Mat | PairCorr |
| 0.71 | 300359 | Qtone Education Group | PairCorr |
| 0.77 | 002382 | Blue Sail Medical | PairCorr |
| 0.62 | 002466 | Sichuan Tianqi Lithium | PairCorr |
| 0.72 | 600719 | Dalian Thermal Power | PairCorr |
Moving against SuZhou Stock
| 0.79 | 600547 | Shandong Gold Mining | PairCorr |
| 0.63 | 601899 | Zijin Mining Group | PairCorr |
| 0.45 | 600309 | Wanhua Chemical Group | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between SuZhou Stock performing well and SuZhou ChunXing 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 SuZhou ChunXing'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 300871 | 2.68 | 0.47 | 0.12 | 0.72 | 3.41 | 5.21 | 27.88 | |||
| 000524 | 1.99 | 0.29 | 0.09 | 0.89 | 2.73 | 3.74 | 19.26 | |||
| 601021 | 1.57 | 0.28 | 0.11 | (3.63) | 1.95 | 3.30 | 14.87 | |||
| 301131 | 2.81 | 0.42 | 0.10 | 4.50 | 3.54 | 5.40 | 24.86 | |||
| 601007 | 1.77 | 0.25 | 0.08 | 3.48 | 2.47 | 4.09 | 18.23 | |||
| 603045 | 2.22 | 0.43 | 0.12 | (1.72) | 2.72 | 4.20 | 16.36 | |||
| 688670 | 3.18 | 0.51 | 0.11 | 1.31 | 3.85 | 7.38 | 30.98 | |||
| 688219 | 2.83 | 0.86 | 0.22 | 4.90 | 2.93 | 6.91 | 25.70 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SuZhou ChunXing 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?
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SuZhou ChunXing Corporate Executives
Elected by the shareholders, the SuZhou ChunXing's board of directors comprises two types of representatives: SuZhou ChunXing inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SuZhou. The board's role is to monitor SuZhou ChunXing's management team and ensure that shareholders' interests are well served. SuZhou ChunXing'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, SuZhou ChunXing's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Zuotian Dong | CFO, GM | Profile |