Gifore Agricultural Correlations

Stocks . China . 
Stock . Gifore Agricultural Machinery
300022 Stock   7.01  0.27  3.71%   
The current 90-days correlation between Gifore Agricultural and Anshan Senyuan Road is 0.36 (i.e., Weak diversification). The correlation of Gifore Agricultural 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.

Gifore Agricultural Correlation With Market

Significant diversification

The correlation between Gifore Agricultural Machinery and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gifore Agricultural Machinery and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Gifore Agricultural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gifore Agricultural 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 Gifore Agricultural - 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 Gifore Agricultural Machinery to buy it.

Moving together with Gifore Stock

  0.88600036 China Merchants BankPairCorr
  0.87688327 Cloudwalk TechnologyPairCorr
  0.91688466 GreenTech EnvironmentalPairCorr
  0.89300842 Wuxi Dk ElectronicPairCorr
  0.89002594 BYD CoPairCorr
  0.89300530 Hunan Lead PowerPairCorr
  0.65605118 Xiamen Leading OpticsPairCorr
  0.68600361 Beijing Hualian HypePairCorr
  0.76300007 Henan Hanwei ElectronicsPairCorr
  0.79600496 Changjiang Jinggong SteelPairCorr
  0.68300163 Ningbo Xianfeng NewPairCorr
  0.76300895 Beijing Topnew InfoPairCorr
  0.71002025 Guizhou Space AppliancePairCorr
  0.88002250 Lianhe Chemical TechPairCorr
  0.69002501 Jilin Liyuan PrecisionPairCorr
  0.85000506 Zhongrun ResourcesPairCorr
  0.79002616 Guangdong Chant GroupPairCorr
  0.68603416 WuXi Xinje ElectricPairCorr
  0.79603716 Wuhan Thalys MedPairCorr
  0.8301226 Changzhou XiangmingPairCorr
  0.62603259 WuXi AppTecPairCorr
  0.61002630 China Western PowerPairCorr
  0.8300674 Yusys TechnologiesPairCorr
  0.85600301 Nanning Chemical IndustryPairCorr

Moving against Gifore Stock

  0.81601857 PetroChinaPairCorr
  0.46601628 China Life InsurancePairCorr
  0.32603959 Hunan Baili EngineeringPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
688111
+ 0.59
300210
301193
+ 0.59
300210
300755
+ 0.55
688111
002682
+ 0.51
300210
300755
+ 0.51
301193
300755
+ 0.49
300210
  
High negative correlations   
603843
- 0.48
688111
603843
- 0.38
300755
603843
- 0.3
301193
603843
- 0.11
300210

Risk-Adjusted Indicators

There is a big difference between Gifore Stock performing well and Gifore Agricultural 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 Gifore Agricultural'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gifore Agricultural 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 Balance Of Power Now

   

Balance Of Power

Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
All  Next Launch Module

Gifore Agricultural Corporate Management

Elected by the shareholders, the Gifore Agricultural's board of directors comprises two types of representatives: Gifore Agricultural inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gifore. The board's role is to monitor Gifore Agricultural's management team and ensure that shareholders' interests are well served. Gifore Agricultural'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, Gifore Agricultural's outside directors are responsible for providing unbiased perspectives on the board's policies.
Xinghua ZhouFinancial ManagerProfile
Chen ZengDeputy MangProfile
Zhiqiang YangDeputy ManagerProfile
Yong LiGM DirectorProfile
Yong TangDeputy ManagerProfile
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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY