Youngy Health Correlations

300247 Stock

4.51 0.04 0.88%

The current 90-days correlation between Youngy Health and Biwin Storage Technology is 0.51 (i.e., Very weak diversification). The correlation of Youngy Health 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.

Youngy Health Correlation With Market

Good diversification

The correlation between Youngy Health Co and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Youngy Health Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Youngy Stock

0.94	600666	Aurora Optoelectronics	Pair Corr
0.9	600030	CITIC Securities	Pair Corr
0.7	002410	Glodon Software	Pair Corr
0.92	603818	Qumei Furniture Group	Pair Corr
0.89	600522	Jiangsu Zhongtian	Pair Corr
0.63	002432	Andon Health	Pair Corr
0.91	601568	Shaanxi Beiyuan Chemical	Pair Corr
0.93	603709	Zoy Home Furnishing	Pair Corr
0.93	002459	JA Solar Technology	Pair Corr
0.75	688656	HOB Biotech Group	Pair Corr
0.87	002371	NAURA Technology	Pair Corr
0.9	688507	Shanghai Suochen Inf	Pair Corr

Related Correlations Analysis

	688525	601857	601398	601939	600028	601288	601988	600941	600036	601318
688525		0.48	0.73	0.81	0.05	0.6	0.56	0.5	0.93	0.95	688525
601857	0.48		0.58	0.55	0.82	0.53	0.55	0.72	0.56	0.53	601857
601398	0.73	0.58		0.98	0.28	0.95	0.94	0.79	0.88	0.83	601398
601939	0.81	0.55	0.98		0.21	0.94	0.9	0.72	0.93	0.89	601939
600028	0.05	0.82	0.28	0.21		0.3	0.33	0.62	0.14	0.11	600028
601288	0.6	0.53	0.95	0.94	0.3		0.95	0.75	0.78	0.7	601288
601988	0.56	0.55	0.94	0.9	0.33	0.95		0.83	0.73	0.66	601988
600941	0.5	0.72	0.79	0.72	0.62	0.75	0.83		0.58	0.55	600941
600036	0.93	0.56	0.88	0.93	0.14	0.78	0.73	0.58		0.99	600036
601318	0.95	0.53	0.83	0.89	0.11	0.7	0.66	0.55	0.99		601318
	688525	601857	601398	601939	600028	601288	601988	600941	600036	601318

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Risk-Adjusted Indicators

There is a big difference between Youngy Stock performing well and Youngy Health 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 Youngy Health'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
688525	3.44	0.58	0.15	4.86	2.88	(4.76)	8.32	(5.23)	28.33
601857	1.36	(0.01)	0.00	0.20	0.00	0.00	3.55	(2.74)	17.17
601398	1.10	0.16	0.05	7.06	1.11	(1.38)	2.83	(2.29)	8.14
601939	1.18	0.19	0.06	2.48	1.31	(1.38)	3.32	(2.12)	8.64
600028	1.25	(0.06)	0.00	(0.29)	0.00	0.00	3.23	(3.15)	10.77
601288	1.04	0.17	0.04	8.97	1.44	(1.05)	2.13	(2.19)	7.78
601988	1.07	0.14	0.02	(25.40)	1.17	(1.32)	2.67	(2.33)	7.70
600941	1.00	0.05	(0.03)	0.56	1.06	(1.25)	2.05	(2.04)	8.38
600036	1.53	0.33	0.11	(5.34)	1.67	(1.81)	4.65	(2.56)	13.83
601318	1.80	0.38	0.13	1.42	1.88	(2.17)	5.83	(2.83)	19.77

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Our tools can tell you how much better you can do entering a position in Youngy Health 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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