Chenzhou Jingui Correlations
| 002716 Stock | 3.64 0.10 2.67% |
The current 90-days correlation between Chenzhou Jingui Silver and Tianjin Capital Environmental is 0.33 (i.e., Weak diversification). The correlation of Chenzhou Jingui 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.
Chenzhou Jingui Correlation With Market
Significant diversification
The correlation between Chenzhou Jingui Silver and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chenzhou Jingui Silver and DJI in the same portfolio, assuming nothing else is changed.
Chenzhou |
The ability to find closely correlated positions to Chenzhou Jingui could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chenzhou Jingui 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 Chenzhou Jingui - 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 Chenzhou Jingui Silver to buy it.
Moving together with Chenzhou Stock
| 0.87 | 600019 | Baoshan Iron Steel | PairCorr |
| 0.85 | 002493 | Rongsheng Petrochemical | PairCorr |
| 0.87 | 600010 | Inner Mongolia BaoTou | PairCorr |
| 0.83 | 002460 | Jiangxi Ganfeng Lithium | PairCorr |
| 0.86 | 603260 | Hoshine Silicon Ind | PairCorr |
| 0.93 | 600160 | Zhejiang Juhua | PairCorr |
| 0.88 | 000807 | Yunnan Aluminium | PairCorr |
| 0.76 | 600519 | Kweichow Moutai | PairCorr |
| 0.76 | 300760 | Shenzhen Mindray Bio | PairCorr |
| 0.86 | 603688 | Jiangsu Pacific Quartz | PairCorr |
| 0.66 | 688036 | Shenzhen Transsion | PairCorr |
| 0.86 | 000568 | Luzhou Lao Jiao | PairCorr |
| 0.88 | 300750 | Contemporary Amperex | PairCorr |
| 0.89 | 000858 | Wuliangye Yibin | PairCorr |
| 0.89 | 900957 | Shanghai Lingyun Ind | PairCorr |
| 0.87 | 002236 | Zhejiang Dahua Technology | PairCorr |
| 0.9 | 600742 | Changchun Faway Auto | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Chenzhou Stock performing well and Chenzhou Jingui 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 Chenzhou Jingui'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 688021 | 2.70 | 0.74 | 0.17 | (1.12) | 2.91 | 5.66 | 23.83 | |||
| 600874 | 1.66 | 0.07 | 0.00 | 0.32 | 2.62 | 4.50 | 14.80 | |||
| 600106 | 3.45 | 1.00 | 0.23 | (4.30) | 3.08 | 8.78 | 19.33 | |||
| 002627 | 1.33 | 0.16 | 0.04 | 0.58 | 1.75 | 3.32 | 17.12 | |||
| 000928 | 1.69 | 0.36 | 0.10 | 1.36 | 2.07 | 4.73 | 18.99 | |||
| 002303 | 2.37 | 0.84 | 0.17 | (1.82) | 2.97 | 7.25 | 20.06 | |||
| 600831 | 2.19 | 0.46 | 0.11 | 7.65 | 2.51 | 5.02 | 10.25 | |||
| 000498 | 1.88 | 0.38 | 0.10 | (2.21) | 2.18 | 5.05 | 16.34 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Chenzhou Jingui 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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Chenzhou Jingui Corporate Management
Elected by the shareholders, the Chenzhou Jingui's board of directors comprises two types of representatives: Chenzhou Jingui inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chenzhou. The board's role is to monitor Chenzhou Jingui's management team and ensure that shareholders' interests are well served. Chenzhou Jingui'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, Chenzhou Jingui's outside directors are responsible for providing unbiased perspectives on the board's policies.
| De Wang | VP | Profile | |
| Jianxin Fu | Deputy Manager | Profile | |
| Lei Lei | Chief Officer | Profile | |
| Shengnan Zhang | Deputy Manager | Profile |