Huizhou Speed Correlations
| 300322 Stock | 14.16 0.89 5.91% |
The current 90-days correlation between Huizhou Speed Wireless and Industrial and Commercial is -0.01 (i.e., Good diversification). The correlation of Huizhou Speed 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.
Huizhou Speed Correlation With Market
Significant diversification
The correlation between Huizhou Speed Wireless and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huizhou Speed Wireless and DJI in the same portfolio, assuming nothing else is changed.
Huizhou |
The ability to find closely correlated positions to Huizhou Speed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Huizhou Speed 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 Huizhou Speed - 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 Huizhou Speed Wireless to buy it.
Moving together with Huizhou Stock
| 0.63 | 300841 | Chengdu Kanghua Biol | PairCorr |
| 0.85 | 688137 | Suzhou Novoprotein | PairCorr |
| 0.88 | 300364 | COL Digital Publishing | PairCorr |
| 0.86 | 001299 | Shaanxi Meineng Clean | PairCorr |
| 0.64 | 000995 | Gansu Huangtai Wine | PairCorr |
| 0.69 | 002946 | New Hope Dairy | PairCorr |
| 0.71 | 603068 | Beken Corp | PairCorr |
| 0.83 | 300433 | Lens Technology | PairCorr |
| 0.68 | 002217 | Holitech Technology | PairCorr |
| 0.8 | 000560 | 5I5j Holding Group | PairCorr |
| 0.74 | 300880 | Ningbo Jianan Electronics | PairCorr |
| 0.81 | 605128 | Shanghai Yanpu Metal | PairCorr |
| 0.7 | 601929 | JiShi Media | PairCorr |
| 0.72 | 688082 | ACM Research Shanghai | PairCorr |
| 0.72 | 603818 | Qumei Furniture Group | PairCorr |
| 0.72 | 603313 | Healthcare | PairCorr |
| 0.91 | 600633 | Zhejiang Daily Media | PairCorr |
| 0.68 | 601598 | Sinotrans Class | PairCorr |
| 0.62 | 603103 | Hengdian Entertainment | PairCorr |
| 0.74 | 000609 | Beijing Mainstreets | PairCorr |
| 0.66 | 000909 | Soyea Technology | PairCorr |
| 0.73 | 603969 | Tianjin Silvery Dragon | PairCorr |
| 0.88 | 688507 | Shanghai Suochen Inf | PairCorr |
| 0.82 | 688047 | Loongson Technology Corp | PairCorr |
| 0.89 | 688325 | Guangdong Cellwise | PairCorr |
| 0.84 | 002382 | Blue Sail Medical | PairCorr |
| 0.75 | 603800 | Suzhou Douson Drilling | PairCorr |
| 0.93 | 600584 | JCET Group | PairCorr |
| 0.89 | 301379 | Techshine Electronics | PairCorr |
| 0.74 | 600515 | Hainan HNA Infrastructure | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Huizhou Stock performing well and Huizhou Speed 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 Huizhou Speed'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601398 | 1.14 | 0.30 | 0.21 | 2.87 | 1.01 | 2.83 | 8.14 | |||
| 601288 | 1.06 | 0.25 | 0.14 | 1.64 | 1.12 | 2.98 | 7.78 | |||
| 601939 | 1.14 | 0.31 | 0.18 | 1.75 | 1.15 | 3.32 | 8.64 | |||
| 601988 | 1.02 | 0.25 | 0.18 | 1.43 | 0.93 | 2.67 | 7.70 | |||
| 601658 | 1.39 | 0.32 | 0.17 | 1.81 | 1.31 | 3.49 | 9.13 | |||
| 601328 | 1.34 | 0.27 | 0.16 | 4.25 | 1.22 | 3.26 | 10.82 | |||
| 601318 | 1.82 | 0.36 | 0.14 | 1.11 | 1.97 | 5.83 | 19.77 | |||
| 600036 | 1.59 | 0.39 | 0.17 | (6.71) | 1.72 | 4.65 | 13.83 | |||
| 601166 | 1.38 | 0.27 | 0.13 | 1.71 | 1.50 | 3.84 | 12.07 | |||
| 601998 | 1.51 | 0.28 | 0.12 | 2.70 | 1.81 | 3.02 | 13.33 |
Be your own money manager
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Huizhou Speed Corporate Management
Elected by the shareholders, the Huizhou Speed's board of directors comprises two types of representatives: Huizhou Speed inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Huizhou. The board's role is to monitor Huizhou Speed's management team and ensure that shareholders' interests are well served. Huizhou Speed'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, Huizhou Speed's outside directors are responsible for providing unbiased perspectives on the board's policies.