Tianjin Pengling Correlations

Stocks . China . 
Stock . Tianjin Pengling Rubber
300375 Stock   5.27  0.02  0.38%   
The current 90-days correlation between Tianjin Pengling Rubber and Tongyu Communication is 0.58 (i.e., Very weak diversification). The correlation of Tianjin Pengling 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.

Tianjin Pengling Correlation With Market

Good diversification

The correlation between Tianjin Pengling Rubber and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tianjin Pengling Rubber and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Tianjin Pengling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tianjin Pengling 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 Tianjin Pengling - 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 Tianjin Pengling Rubber to buy it.

Moving together with Tianjin Stock

  0.87200468 Nanjing Putian TelecPairCorr
  0.93300391 Kangyue TechnologyPairCorr
  0.9600322 Tianjin Realty DevelPairCorr
  0.91300301 Shenzhen Changfang LightPairCorr
  0.87000692 Shenyang Huitian ThermalPairCorr
  0.84300013 Jiangsu Xinning ModernPairCorr
  0.96000042 Shenzhen CentralconPairCorr
  0.92000617 CNPC CapitalPairCorr
  0.76688036 Shenzhen TranssionPairCorr
  0.96688019 Anji MicroelectronicsPairCorr
  0.93601615 Ming Yang SmartPairCorr
  0.96600512 Tengda ConstructionPairCorr
  0.79605577 Heilongjiang PublishingPairCorr
  0.78002244 Hangzhou Binjiang RealPairCorr
  0.95603986 GigaDevice SemiconductorBeiPairCorr
  0.95002491 Tongding InterconnectionPairCorr
  0.94603180 Xiamen GoldenhomePairCorr
  0.96600459 Sino Platinum MetalsPairCorr
  0.91300396 Dirui IndustrialPairCorr
  0.96600429 Beijing Sanyuan FoodsPairCorr
  0.93300261 Aba Chemicals CorpPairCorr
  0.94900903 Dazhong TransportationPairCorr
  0.96900957 Shanghai Lingyun IndPairCorr
  0.92600996 Guizhou BroadcastingTVPairCorr
  0.87002594 BYD CoPairCorr
  0.99688203 Zhejiang HISUN BiomaPairCorr
  0.93002869 Shenzhen Genvict TecPairCorr
  0.93600399 Fushun Special SteelPairCorr
  0.93600711 Chengtun Mining GroupPairCorr
  0.93002946 New Hope DairyPairCorr
  0.87000100 TCL CorpPairCorr
  0.8000572 Haima AutomobilePairCorr
  0.85002995 Beijing Quanshi WorldPairCorr
  0.89002941 Xinjiang CommunicationsPairCorr
  0.79688010 Fujian Forecam OpticsPairCorr
  0.95600030 CITIC SecuritiesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Tianjin Stock performing well and Tianjin Pengling 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 Tianjin Pengling'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 Tianjin Pengling 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.

Did you try this?

Run Insider Screener Now

   

Insider Screener

Find insiders across different sectors to evaluate their impact on performance
All  Next Launch Module

Tianjin Pengling Corporate Executives

Elected by the shareholders, the Tianjin Pengling's board of directors comprises two types of representatives: Tianjin Pengling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tianjin. The board's role is to monitor Tianjin Pengling's management team and ensure that shareholders' interests are well served. Tianjin Pengling'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, Tianjin Pengling's outside directors are responsible for providing unbiased perspectives on the board's policies.
Xiaofei FanVP CFOProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY