SIASUN Robot Correlations

300024 Stock   20.03  0.97  4.62%   
The current 90-days correlation between SIASUN Robot Automation and Qilu Bank Co is -0.12 (i.e., Good diversification). The correlation of SIASUN Robot 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.

SIASUN Robot Correlation With Market

Significant diversification

The correlation between SIASUN Robot Automation 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 SIASUN Robot Automation and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SIASUN Robot could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SIASUN Robot 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 SIASUN Robot - 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 SIASUN Robot Automation to buy it.

Moving together with SIASUN Stock

  0.61601398 Industrial and CommercialPairCorr
  0.72601728 China Telecom CorpPairCorr
  0.68601816 Beijing Shanghai HighPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between SIASUN Stock performing well and SIASUN Robot 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 SIASUN Robot'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 SIASUN Robot 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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SIASUN Robot Corporate Management

Elected by the shareholders, the SIASUN Robot's board of directors comprises two types of representatives: SIASUN Robot inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SIASUN. The board's role is to monitor SIASUN Robot's management team and ensure that shareholders' interests are well served. SIASUN Robot'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, SIASUN Robot's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jiabao WangNonIndependent BGProfile
Li ZhaoVP DirectorProfile
Daokui QuFounder ChairmanProfile
Zijun LiuNonIndependent BGProfile