Nsfocus Information Correlations

300369 Stock

6.44 0.48 6.94%

The current 90-days correlation between Nsfocus Information and Loctek Ergonomic Technology is 0.57 (i.e., Very weak diversification). The correlation of Nsfocus Information 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.

Nsfocus Information Correlation With Market

Significant diversification

The correlation between Nsfocus Information Technology and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nsfocus Information Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Nsfocus Stock

0.67

601628

China Life Insurance

Pair Corr

Moving against Nsfocus Stock

0.56	601398	Industrial and Commercial	Pair Corr
0.56	601988	Bank of China	Pair Corr
0.53	601288	Agricultural Bank	Pair Corr
0.53	600941	China Mobile Limited	Pair Corr
0.46	000729	Beijing Yanjing Brewery	Pair Corr
0.42	601857	PetroChina	Pair Corr
0.41	601939	China Construction Bank	Pair Corr

Related Correlations Analysis

	601336	601615	159681	159005	300729	002952	002096	002999	300243	600895
601336		0.45	0.71	0.35	0.23	0.46	0.54	0.27	0.42	0.64	601336
601615	0.45		0.49	0.81	0.64	0.55	0.09	0.89	0.49	0.6	601615
159681	0.71	0.49		0.26	0.64	0.51	0.55	0.45	0.51	0.62	159681
159005	0.35	0.81	0.26		0.25	0.4	-0.18	0.68	0.26	0.38	159005
300729	0.23	0.64	0.64	0.25		0.32	0.27	0.7	0.47	0.41	300729
002952	0.46	0.55	0.51	0.4	0.32		0.23	0.34	0.36	0.57	002952
002096	0.54	0.09	0.55	-0.18	0.27	0.23		0.11	0.28	0.37	002096
002999	0.27	0.89	0.45	0.68	0.7	0.34	0.11		0.45	0.49	002999
300243	0.42	0.49	0.51	0.26	0.47	0.36	0.28	0.45		0.87	300243
600895	0.64	0.6	0.62	0.38	0.41	0.57	0.37	0.49	0.87		600895
	601336	601615	159681	159005	300729	002952	002096	002999	300243	600895

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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

002999	+ 0.89	601615
600895	+ 0.87	300243
159005	+ 0.81	601615
159681	+ 0.71	601336
002999	+ 0.7	300729
002999	+ 0.68	159005

High negative correlations

002096

- 0.18

159005

Risk-Adjusted Indicators

There is a big difference between Nsfocus Stock performing well and Nsfocus Information 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 Nsfocus Information'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
601336	2.39	0.26	0.10	0.51	2.37	(2.99)	7.85	(4.65)	16.01
601615	2.71	0.37	0.12	1.81	2.77	(3.27)	7.78	(4.92)	18.14
159681	2.87	0.39	0.09	(16.07)	3.09	(4.90)	8.99	(4.21)	36.32
159005	0.01	0.00	0.00	(1.36)	0.00	0.00	0.00	0.00	0.14
300729	2.30	0.10	0.03	0.41	3.34	(2.34)	6.27	(4.21)	24.80
002952	3.37	0.47	0.10	(1.14)	4.05	(3.39)	9.99	(6.36)	19.02
002096	2.13	0.01	0.00	0.04	2.36	(2.44)	4.30	(3.86)	13.27
002999	2.73	0.12	0.03	4.10	3.47	(2.94)	6.20	(6.04)	17.06
300243	3.31	0.29	0.06	(0.54)	4.06	(3.80)	10.41	(5.67)	31.77
600895	3.33	0.32	0.08	(0.34)	3.73	(3.55)	10.01	(5.11)	19.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nsfocus Information 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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