GUOTAI JUNAN Correlations
| 153A Stock | EUR 1.41 0.01 0.70% |
The current 90-days correlation between GUOTAI JUNAN SEC and Electronic Arts is 0.13 (i.e., Average diversification). The correlation of GUOTAI JUNAN 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.
GUOTAI JUNAN Correlation With Market
Significant diversification
The correlation between GUOTAI JUNAN SEC and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GUOTAI JUNAN SEC and DJI in the same portfolio, assuming nothing else is changed.
GUOTAI |
The ability to find closely correlated positions to GUOTAI JUNAN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GUOTAI JUNAN 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 GUOTAI JUNAN - 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 GUOTAI JUNAN SEC to buy it.
Moving together with GUOTAI Stock
Moving against GUOTAI Stock
| 0.75 | VMR1 | Value Management Research | PairCorr |
| 0.52 | KBIA | KB Financial Group | PairCorr |
| 0.52 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.46 | KR51 | KKR Co LP | PairCorr |
| 0.37 | 3HM | MSCI Inc | PairCorr |
Related Correlations Analysis
| -0.32 | 0.75 | -0.76 | 0.34 | 0.0 | 0.39 | ERT | ||
| -0.32 | -0.49 | 0.42 | 0.0 | 0.0 | -0.77 | AY5 | ||
| 0.75 | -0.49 | -0.84 | 0.14 | 0.0 | 0.71 | 4D7 | ||
| -0.76 | 0.42 | -0.84 | -0.08 | 0.0 | -0.46 | EK7 | ||
| 0.34 | 0.0 | 0.14 | -0.08 | 0.0 | 0.26 | SSUN | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 4FF | ||
| 0.39 | -0.77 | 0.71 | -0.46 | 0.26 | 0.0 | N5Z | ||
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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
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Risk-Adjusted Indicators
There is a big difference between GUOTAI Stock performing well and GUOTAI JUNAN 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 GUOTAI JUNAN'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ERT | 1.50 | (0.33) | 0.00 | 1.56 | 0.00 | 3.97 | 20.59 | |||
| AY5 | 1.01 | 0.08 | 0.11 | 0.27 | 1.17 | 1.25 | 7.12 | |||
| 4D7 | 0.98 | (0.20) | 0.00 | (6.49) | 0.00 | 1.03 | 4.98 | |||
| EK7 | 2.04 | 0.61 | 0.31 | (1.19) | 1.13 | 5.41 | 34.72 | |||
| SSUN | 1.63 | (0.12) | 0.00 | 0.54 | 0.00 | 3.13 | 8.55 | |||
| 4FF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| N5Z | 1.78 | (0.33) | 0.00 | (80.54) | 0.00 | 4.00 | 13.72 |
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