Winner Information Correlations

300609 Stock

23.03 0.26 1.12%

The current 90-days correlation between Winner Information and Qiaoyin Environmental Tech is 0.38 (i.e., Weak diversification). The correlation of Winner 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.

Winner Information Correlation With Market

Average diversification

The correlation between Winner Information Technology and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Winner Information Technology and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Winner 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 Winner 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 Winner 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 Winner Information Technology to buy it.

Moving together with Winner Stock

0.8	300841	Chengdu Kanghua Biol	Pair Corr
0.75	601600	Aluminum Corp	Pair Corr
0.65	300364	COL Digital Publishing	Pair Corr
0.61	300917	Shenzhen SDG Service	Pair Corr

Moving against Winner Stock

0.56

000995

Gansu Huangtai Wine

Pair Corr

Related Correlations Analysis

	002973	301203	002941	600498	600804	688466	603797	603187
002973		0.05	0.05	0.3	-0.28	-0.04	0.09	0.57	002973
301203	0.05		-0.28	0.05	0.41	0.07	0.14	-0.1	301203
002941	0.05	-0.28		0.23	0.33	0.72	0.79	0.67	002941
600498	0.3	0.05	0.23		0.24	0.09	0.35	0.56	600498
600804	-0.28	0.41	0.33	0.24		0.51	0.68	0.23	600804
688466	-0.04	0.07	0.72	0.09	0.51		0.85	0.45	688466
603797	0.09	0.14	0.79	0.35	0.68	0.85		0.71	603797
603187	0.57	-0.1	0.67	0.56	0.23	0.45	0.71		603187
	002973	301203	002941	600498	600804	688466	603797	603187

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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

603797	+ 0.85	688466
603797	+ 0.79	002941
688466	+ 0.72	002941
603187	+ 0.71	603797
603797	+ 0.68	600804
603187	+ 0.67	002941

High negative correlations

002941	- 0.28	301203
600804	- 0.28	002973
603187	- 0.1	301203
688466	- 0.04	002973

Risk-Adjusted Indicators

There is a big difference between Winner Stock performing well and Winner 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 Winner 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
002973	1.93	0.11	0.03	0.46	2.39	(2.05)	4.92	(4.46)	15.26
301203	1.56	0.20	0.08	(1.05)	1.92	(1.52)	3.62	(3.53)	10.98
002941	1.74	(0.08)	0.00	0.79	0.00	0.00	3.48	(3.40)	14.68
600498	2.05	0.27	0.09	2.25	2.47	(2.15)	6.31	(4.21)	13.82
600804	3.61	0.68	0.16	1.04	3.78	(3.92)	5.21	(5.10)	10.55
688466	2.11	0.18	0.07	4.07	2.29	(2.60)	5.09	(4.36)	26.28
603797	1.60	0.16	0.06	6.61	2.16	(1.64)	3.42	(2.79)	12.22
603187	1.45	0.11	0.05	0.46	1.93	(1.45)	3.21	(3.52)	10.08

Be your own money manager

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