Hubeiyichang Transportation Correlations

002627 Stock

5.36 0.04 0.75%

The current 90-days correlation between Hubeiyichang Transportation and Industrial and Commercial is 0.25 (i.e., Modest diversification). The correlation of Hubeiyichang Transportation 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.

Hubeiyichang Transportation Correlation With Market

Average diversification

The correlation between Hubeiyichang Transportation Gr and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hubeiyichang Transportation Gr and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Hubeiyichang Stock

0.84	600036	China Merchants Bank	Pair Corr
0.74	601166	Industrial Bank	Pair Corr
0.77	600000	Shanghai Pudong Deve	Pair Corr
0.88	601628	China Life Insurance	Pair Corr
0.86	601318	Ping An Insurance	Pair Corr
0.92	688579	Dareway Software	Pair Corr
0.88	600106	Chongqing Road Bridge	Pair Corr
0.89	002556	Anhui Huilong Agricu	Pair Corr
0.91	688601	Wuxi ETEK Microelect	Pair Corr
0.95	300027	Huayi Brothers Media	Pair Corr
0.88	603336	Great Sun Foods	Pair Corr
0.88	000070	Shenzhen SDG Information	Pair Corr
0.83	000895	Henan Shuanghui Inve	Pair Corr
0.93	900941	Eastern Communications	Pair Corr
0.9	600153	Xiamen CD	Pair Corr
0.9	300666	Konfoong Materials	Pair Corr
0.91	002205	XinJiang GuoTong Pipeline	Pair Corr
0.88	688020	Guangzhou Fangbang	Pair Corr
0.93	603936	Bomin Electronics	Pair Corr
0.84	603328	Guangdong Ellington	Pair Corr
0.95	601279	Changchun Engley Aut	Pair Corr
0.93	600853	Longjian Road Bridge	Pair Corr
0.86	688126	National Silicon Industry	Pair Corr
0.9	603132	Jinhui Mining	Pair Corr
0.94	300439	Ningbo MedicalSystem	Pair Corr
0.92	002919	Mingchen Health	Pair Corr
0.77	002765	Chongqing Landai Pow	Pair Corr
0.72	603559	Zhongtong Guomai Com	Pair Corr
0.88	002185	Tianshui Huatian Tec	Pair Corr
0.69	002217	Holitech Technology	Pair Corr
0.9	603568	Zhejiang Weiming Env	Pair Corr
0.81	600340	China Fortune Land	Pair Corr
0.95	688119	Sinosteel Luonai Mat	Pair Corr
0.9	600831	Shaanxi Broadcast	Pair Corr
0.86	000002	China Vanke	Pair Corr

Related Correlations Analysis

	601398	601288	601939	601988	601658	601328	601318	600036	601166	601998
601398		0.93	0.96	0.95	0.79	0.95	0.43	0.63	0.65	0.86	601398
601288	0.93		0.94	0.94	0.83	0.88	0.46	0.64	0.71	0.83	601288
601939	0.96	0.94		0.9	0.91	0.87	0.62	0.79	0.8	0.92	601939
601988	0.95	0.94	0.9		0.76	0.91	0.38	0.57	0.63	0.83	601988
601658	0.79	0.83	0.91	0.76		0.64	0.84	0.94	0.95	0.93	601658
601328	0.95	0.88	0.87	0.91	0.64		0.21	0.44	0.49	0.75	601328
601318	0.43	0.46	0.62	0.38	0.84	0.21		0.96	0.92	0.77	601318
600036	0.63	0.64	0.79	0.57	0.94	0.44	0.96		0.96	0.88	600036
601166	0.65	0.71	0.8	0.63	0.95	0.49	0.92	0.96		0.89	601166
601998	0.86	0.83	0.92	0.83	0.93	0.75	0.77	0.88	0.89		601998
	601398	601288	601939	601988	601658	601328	601318	600036	601166	601998

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

Risk-Adjusted Indicators

There is a big difference between Hubeiyichang Stock performing well and Hubeiyichang Transportation 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 Hubeiyichang Transportation'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
601398	1.21	(0.05)	0.00	(0.27)	0.00	0.00	2.83	(3.06)	8.14
601288	1.27	(0.02)	0.00	(0.21)	0.00	0.00	3.21	(3.89)	8.24
601939	1.28	(0.03)	0.00	(0.17)	0.00	0.00	3.32	(3.86)	8.64
601988	1.19	0.01	(0.06)	0.22	1.48	(1.44)	2.67	(2.86)	7.70
601658	1.42	0.05	(0.03)	0.37	1.77	(1.60)	3.49	(2.84)	9.13
601328	1.38	(0.12)	0.00	(1.91)	0.00	0.00	3.26	(3.60)	10.82
601318	1.84	0.33	0.11	0.79	1.85	(2.30)	5.83	(2.83)	19.77
600036	1.51	0.14	0.01	3.22	1.84	(1.77)	4.65	(2.56)	13.83
601166	1.42	0.09	0.00	0.45	1.61	(1.59)	3.84	(2.56)	12.07
601998	1.54	0.05	(0.04)	(7.71)	2.07	(1.65)	3.02	(3.06)	13.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hubeiyichang Transportation 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 My Watchlist Analysis Now

My Watchlist Analysis

Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like

All Next

Launch Module

Hubeiyichang Transportation Corporate Management

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

Wan Chen	Deputy Mang	Profile
She Bian	Deputy Manager	Profile
Jiantao Feng	Deputy Manager	Profile
Xien Chen	Financial Gen	Profile
Jingjing Chen	Accounting Supervisor	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