SGSG Sciencetechnolog Correlations
| 300561 Stock | 58.39 0.38 0.66% |
The current 90-days correlation between SGSG Sciencetechnology and Eyebright Medical Technology is 0.53 (i.e., Very weak diversification). The correlation of SGSG Sciencetechnolog 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.
SGSG Sciencetechnolog Correlation With Market
Significant diversification
The correlation between SGSG Sciencetechnology Co and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SGSG Sciencetechnology Co and DJI in the same portfolio, assuming nothing else is changed.
SGSG |
The ability to find closely correlated positions to SGSG Sciencetechnolog could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SGSG Sciencetechnolog 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 SGSG Sciencetechnolog - 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 SGSG Sciencetechnology Co to buy it.
Moving together with SGSG Stock
| 0.69 | 601398 | Industrial and Commercial | PairCorr |
| 0.63 | 601939 | China Construction Bank | PairCorr |
| 0.77 | 601988 | Bank of China | PairCorr |
| 0.7 | 601288 | Agricultural Bank | PairCorr |
| 0.68 | 600941 | China Mobile Limited | PairCorr |
Moving against SGSG Stock
Related Correlations Analysis
| 0.36 | 0.06 | -0.04 | 0.67 | 0.5 | 0.2 | 000678 | ||
| 0.36 | 0.42 | 0.28 | 0.54 | 0.4 | 0.51 | 000625 | ||
| 0.06 | 0.42 | 0.65 | 0.16 | 0.28 | 0.36 | 688050 | ||
| -0.04 | 0.28 | 0.65 | -0.23 | 0.16 | 0.16 | 000913 | ||
| 0.67 | 0.54 | 0.16 | -0.23 | 0.33 | 0.08 | 000572 | ||
| 0.5 | 0.4 | 0.28 | 0.16 | 0.33 | 0.3 | 688139 | ||
| 0.2 | 0.51 | 0.36 | 0.16 | 0.08 | 0.3 | 688108 | ||
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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
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Risk-Adjusted Indicators
There is a big difference between SGSG Stock performing well and SGSG Sciencetechnolog 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 SGSG Sciencetechnolog'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 000678 | 3.56 | 0.46 | 0.10 | (0.76) | 3.99 | 9.94 | 19.94 | |||
| 000625 | 1.93 | 0.00 | 0.00 | (0.03) | 2.54 | 4.77 | 19.25 | |||
| 688050 | 2.83 | 0.23 | 0.07 | 0.38 | 2.82 | 7.46 | 25.04 | |||
| 000913 | 2.21 | 0.17 | 0.05 | 0.60 | 2.78 | 5.53 | 17.99 | |||
| 000572 | 3.59 | 0.34 | 0.07 | (0.49) | 4.15 | 9.98 | 19.60 | |||
| 688139 | 2.78 | 0.58 | 0.16 | (1.89) | 2.73 | 8.65 | 27.16 | |||
| 688108 | 2.93 | 0.01 | 0.00 | 0.05 | 3.57 | 5.78 | 24.16 |
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SGSG Sciencetechnolog Corporate Executives
Elected by the shareholders, the SGSG Sciencetechnolog's board of directors comprises two types of representatives: SGSG Sciencetechnolog inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SGSG. The board's role is to monitor SGSG Sciencetechnolog's management team and ensure that shareholders' interests are well served. SGSG Sciencetechnolog'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, SGSG Sciencetechnolog's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sun Yuling | Head CFO | Profile |