Huaxi Securities Correlations

002926 Stock

8.69 0.08 0.93%

The current 90-days correlation between Huaxi Securities and G bits Network Technology is 0.16 (i.e., Average diversification). The correlation of Huaxi Securities 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.

Huaxi Securities Correlation With Market

Good diversification

The correlation between Huaxi Securities Co 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 Huaxi Securities Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Huaxi Stock

0.85	300815	Eit Environmental	Pair Corr
0.88	688119	Sinosteel Luonai Mat	Pair Corr
0.84	301379	Techshine Electronics	Pair Corr
0.84	300433	Lens Technology	Pair Corr
0.87	600633	Zhejiang Daily Media	Pair Corr
0.71	603969	Tianjin Silvery Dragon	Pair Corr
0.62	600719	Dalian Thermal Power	Pair Corr
0.66	600755	Xiamen ITG Group	Pair Corr
0.63	603800	Suzhou Douson Drilling	Pair Corr
0.84	688082	ACM Research Shanghai	Pair Corr
0.84	688325	Guangdong Cellwise	Pair Corr
0.61	603103	Hengdian Entertainment	Pair Corr
0.68	300608	SI TECH Information	Pair Corr
0.83	600584	JCET Group	Pair Corr
0.83	000661	Changchun High New	Pair Corr
0.72	601059	Cinda Securities	Pair Corr
0.82	300359	Qtone Education Group	Pair Corr
0.7	600515	Hainan HNA Infrastructure	Pair Corr
0.67	600455	ButOne Information Corp	Pair Corr
0.68	300221	Guangdong Silvere Sci	Pair Corr
0.64	601929	JiShi Media	Pair Corr
0.83	002382	Blue Sail Medical	Pair Corr
0.86	605128	Shanghai Yanpu Metal	Pair Corr
0.78	600498	Fiberhome Telecommunicatio	Pair Corr
0.7	603068	Beken Corp	Pair Corr
0.72	000761	Bengang Steel Plates	Pair Corr
0.85	688507	Shanghai Suochen Inf	Pair Corr
0.62	002303	Shenzhen MYS Environ	Pair Corr
0.67	002584	Xilong Chemical	Pair Corr
0.61	000428	Huatian Hotel Group	Pair Corr
0.72	000560	5I5j Holding Group	Pair Corr

Related Correlations Analysis

	600519	300750	603444	002594	688169	200596	000596	002371	300760
600519		0.64	0.55	0.79	0.34	0.84	0.83	0.52	0.86	600519
300750	0.64		0.28	0.47	-0.09	0.64	0.72	0.84	0.61	300750
603444	0.55	0.28		0.53	0.62	0.35	0.32	0.02	0.48	603444
002594	0.79	0.47	0.53		0.65	0.84	0.75	0.44	0.87	002594
688169	0.34	-0.09	0.62	0.65		0.33	0.26	-0.24	0.48	688169
200596	0.84	0.64	0.35	0.84	0.33		0.9	0.65	0.83	200596
000596	0.83	0.72	0.32	0.75	0.26	0.9		0.71	0.89	000596
002371	0.52	0.84	0.02	0.44	-0.24	0.65	0.71		0.58	002371
300760	0.86	0.61	0.48	0.87	0.48	0.83	0.89	0.58		300760
	600519	300750	603444	002594	688169	200596	000596	002371	300760

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

000596	+ 0.9	200596
300760	+ 0.89	000596
300760	+ 0.87	002594
300760	+ 0.86	600519
200596	+ 0.84	600519
002371	+ 0.84	300750

High negative correlations

002371	- 0.24	688169
688169	- 0.09	300750

Risk-Adjusted Indicators

There is a big difference between Huaxi Stock performing well and Huaxi Securities 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 Huaxi Securities' 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
600519	1.62	0.30	0.15	1.01	1.57	(2.00)	6.55	(2.41)	16.71
300750	2.74	0.60	0.17	(3.11)	2.99	(3.20)	7.94	(3.41)	33.42
603444	2.48	0.21	0.06	(1.29)	3.14	(2.62)	5.75	(3.74)	18.75
002594	1.79	0.19	0.07	1.53	1.94	(1.91)	5.33	(2.93)	14.84
688169	2.98	(0.07)	0.00	0.69	0.00	0.00	5.74	(5.72)	34.80
200596	1.73	0.31	0.12	1.77	2.06	(2.03)	4.80	(2.38)	18.31
000596	2.61	0.31	0.10	0.49	2.80	(2.91)	9.98	(4.49)	20.00
002371	2.49	0.56	0.20	1.70	2.20	(2.78)	9.80	(3.99)	15.93
300760	2.12	0.24	0.08	(2.84)	2.41	(2.43)	4.81	(3.75)	19.76

Be your own money manager

Our tools can tell you how much better you can do entering a position in Huaxi Securities 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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Huaxi Securities Corporate Management

Elected by the shareholders, the Huaxi Securities' board of directors comprises two types of representatives: Huaxi Securities inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Huaxi. The board's role is to monitor Huaxi Securities' management team and ensure that shareholders' interests are well served. Huaxi Securities' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Huaxi Securities' outside directors are responsible for providing unbiased perspectives on the board's policies.

Xiuyuan Xing	VP Branch	Profile
Zhang Tong	Deputy Manager	Profile
Jiongyang Yang	MD GM	Profile
Hong Yu	Chief Officer	Profile

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