SI TECH Correlations

300608 Stock

12.45 0.76 5.75%

The current 90-days correlation between SI TECH Information and China Petroleum Chemical is 0.34 (i.e., Weak diversification). The correlation of SI TECH 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.

SI TECH Correlation With Market

Significant diversification

The correlation between SI TECH Information Technology and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SI TECH Information Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 300608 Stock

0.78	601398	Industrial and Commercial	Pair Corr
0.65	601288	Agricultural Bank	Pair Corr
0.84	601939	China Construction Bank	Pair Corr
0.65	601988	Bank of China	Pair Corr
0.87	601658	Postal Savings Bank	Pair Corr
0.77	601328	Bank of Communications	Pair Corr
0.91	601318	Ping An Insurance	Pair Corr
0.92	600036	China Merchants Bank	Pair Corr
0.87	601166	Industrial Bank	Pair Corr
0.86	601998	China Citic Bank	Pair Corr

Related Correlations Analysis

	600028	601857	601668	601390	601186	600941	601398	601628	601318	601939
600028		0.82	0.22	0.12	0.06	0.58	0.34	0.12	0.2	0.28	600028
601857	0.82		0.61	0.54	0.47	0.71	0.64	0.54	0.62	0.64	601857
601668	0.22	0.61		0.97	0.95	0.53	0.81	0.94	0.97	0.88	601668
601390	0.12	0.54	0.97		0.99	0.53	0.8	0.96	0.96	0.85	601390
601186	0.06	0.47	0.95	0.99		0.53	0.81	0.94	0.93	0.86	601186
600941	0.58	0.71	0.53	0.53	0.53		0.83	0.44	0.47	0.75	600941
601398	0.34	0.64	0.81	0.8	0.81	0.83		0.71	0.75	0.98	601398
601628	0.12	0.54	0.94	0.96	0.94	0.44	0.71		0.97	0.78	601628
601318	0.2	0.62	0.97	0.96	0.93	0.47	0.75	0.97		0.82	601318
601939	0.28	0.64	0.88	0.85	0.86	0.75	0.98	0.78	0.82		601939
	600028	601857	601668	601390	601186	600941	601398	601628	601318	601939

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Risk-Adjusted Indicators

There is a big difference between 300608 Stock performing well and SI TECH 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 SI TECH'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
600028	1.26	(0.04)	0.00	(0.19)	0.00	0.00	3.23	(3.15)	10.77
601857	1.33	0.10	0.02	(1.81)	1.98	(1.61)	3.55	(2.04)	17.17
601668	1.93	0.25	0.08	0.74	2.32	(2.15)	5.25	(3.67)	15.78
601390	1.87	0.31	0.12	2.12	2.01	(2.38)	5.32	(3.15)	17.45
601186	2.13	0.42	0.14	5.01	2.09	(2.52)	6.73	(3.87)	17.07
600941	1.06	0.13	0.07	1.08	1.03	(1.34)	3.09	(2.04)	8.38
601398	1.11	0.21	0.13	3.37	1.06	(1.45)	2.83	(2.29)	8.14
601628	2.14	0.32	0.10	0.72	2.58	(2.35)	6.42	(3.94)	20.00
601318	1.81	0.32	0.12	0.94	1.97	(2.18)	5.83	(2.88)	19.77
601939	1.17	0.25	0.13	2.44	1.24	(1.37)	3.32	(2.12)	8.64

Be your own money manager

Our tools can tell you how much better you can do entering a position in SI TECH 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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SI TECH Corporate Management

Elected by the shareholders, the SI TECH's board of directors comprises two types of representatives: SI TECH inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 300608. The board's role is to monitor SI TECH's management team and ensure that shareholders' interests are well served. SI TECH'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, SI TECH's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jiag Zhang	Head Supervisors	Profile
Hai Xian	Chief Board	Profile
Li Chen	Chief Supervisors	Profile
Wei Xing	Deputy Manager	Profile
Hui Lian	Head Board	Profile

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