Ingenic Semiconductor Correlations

300223 Stock

73.29 1.46 1.95%

The current 90-days correlation between Ingenic Semiconductor and Ming Yang Smart is 0.55 (i.e., Very weak diversification). The correlation of Ingenic Semiconductor 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.

Ingenic Semiconductor Correlation With Market

Good diversification

The correlation between Ingenic Semiconductor and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ingenic Semiconductor and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ingenic Stock

0.75	601318	Ping An Insurance	Pair Corr
0.79	600036	China Merchants Bank	Pair Corr
0.64	603969	Tianjin Silvery Dragon	Pair Corr
0.79	688047	Loongson Technology Corp	Pair Corr
0.63	603313	Healthcare	Pair Corr
0.64	603068	Beken Corp	Pair Corr
0.84	600498	Fiberhome Telecommunicatio	Pair Corr
0.92	300433	Lens Technology	Pair Corr
0.89	688325	Guangdong Cellwise	Pair Corr
0.72	002382	Blue Sail Medical	Pair Corr
0.89	301379	Techshine Electronics	Pair Corr
0.63	300825	Iat Automobile Technology	Pair Corr
0.73	300359	Qtone Education Group	Pair Corr
0.84	688082	ACM Research Shanghai	Pair Corr
0.71	301390	Hangzhou Gisway Info	Pair Corr
0.78	002466	Sichuan Tianqi Lithium	Pair Corr
0.64	000560	5I5j Holding Group	Pair Corr
0.78	300219	Guangzhou Hongli Opto	Pair Corr
0.7	000617	CNPC Capital	Pair Corr

Related Correlations Analysis

	601615	159681	159005	300729	002952	516220	002096	002999	300243	603269
601615		0.71	0.9	0.78	0.72	0.68	0.4	0.91	0.67	0.82	601615
159681	0.71		0.57	0.8	0.73	0.95	0.74	0.58	0.69	0.71	159681
159005	0.9	0.57		0.56	0.55	0.49	0.28	0.82	0.55	0.76	159005
300729	0.78	0.8	0.56		0.61	0.79	0.47	0.75	0.63	0.63	300729
002952	0.72	0.73	0.55	0.61		0.7	0.58	0.53	0.62	0.84	002952
516220	0.68	0.95	0.49	0.79	0.7		0.67	0.57	0.73	0.62	516220
002096	0.4	0.74	0.28	0.47	0.58	0.67		0.28	0.45	0.53	002096
002999	0.91	0.58	0.82	0.75	0.53	0.57	0.28		0.56	0.66	002999
300243	0.67	0.69	0.55	0.63	0.62	0.73	0.45	0.56		0.52	300243
603269	0.82	0.71	0.76	0.63	0.84	0.62	0.53	0.66	0.52		603269
	601615	159681	159005	300729	002952	516220	002096	002999	300243	603269

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Risk-Adjusted Indicators

There is a big difference between Ingenic Stock performing well and Ingenic Semiconductor 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 Ingenic Semiconductor'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
601615	2.73	0.70	0.25	3.16	2.38	(3.41)	7.78	(3.82)	18.14
159681	2.97	0.69	0.16	(16.23)	3.05	(4.78)	8.99	(4.00)	36.32
159005	0.01	0.00	0.00	(1.32)	0.00	0.00	0.01	0.00	0.14
300729	2.28	0.27	0.07	0.92	3.19	(2.35)	6.27	(4.21)	24.80
002952	3.24	0.60	0.13	(0.83)	3.81	(3.31)	9.99	(6.36)	19.99
516220	1.70	0.30	0.10	(3.11)	1.72	(2.76)	5.26	(3.03)	17.74
002096	2.22	0.09	0.03	0.47	2.46	(2.46)	4.30	(4.45)	13.27
002999	2.62	0.34	0.09	4.92	3.26	(2.90)	6.20	(5.34)	17.06
300243	3.27	0.60	0.12	(1.12)	3.95	(3.63)	10.41	(5.67)	31.77
603269	2.93	0.66	0.19	4.71	2.89	(3.40)	8.65	(5.73)	16.65

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Our tools can tell you how much better you can do entering a position in Ingenic Semiconductor 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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