King Strong Correlations
| 300629 Stock | 20.69 1.06 4.87% |
The current 90-days correlation between King Strong New and Beijing Sanyuan Foods is 0.48 (i.e., Very weak diversification). The correlation of King Strong 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.
King Strong Correlation With Market
Significant diversification
The correlation between King Strong New Material 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 King Strong New Material and DJI in the same portfolio, assuming nothing else is changed.
King |
The ability to find closely correlated positions to King Strong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace King Strong 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 King Strong - 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 King Strong New Material to buy it.
Moving together with King Stock
| 0.61 | 301365 | Matrix Design | PairCorr |
| 0.77 | 300578 | BizConf Telecom | PairCorr |
| 0.88 | 300171 | Shanghai Tofflon Science | PairCorr |
| 0.92 | 601698 | China Satellite Comm | PairCorr |
| 0.61 | 603819 | Changzhou Shenli Ele | PairCorr |
| 0.74 | 600386 | Beijing Bashi Media | PairCorr |
Moving against King Stock
| 0.64 | 600000 | Shanghai Pudong Deve | PairCorr |
| 0.6 | 180101 | Bosera CMSK Industrial | PairCorr |
| 0.57 | 601166 | Industrial Bank | PairCorr |
| 0.54 | 601988 | Bank of China Limited | PairCorr |
| 0.52 | 600036 | China Merchants Bank | PairCorr |
| 0.45 | 601398 | Industrial and Commercial | PairCorr |
| 0.51 | 000933 | Henan Shenhuo Coal | PairCorr |
| 0.49 | 603306 | HMTNew Technical | PairCorr |
| 0.43 | 301439 | Weihai Honglin Electronic | PairCorr |
| 0.41 | 688256 | Cambricon Technologies | PairCorr |
Related Correlations Analysis
| 0.81 | 0.59 | 0.7 | 0.58 | 0.58 | 600429 | ||
| 0.81 | 0.4 | 0.59 | 0.41 | 0.27 | 000793 | ||
| 0.59 | 0.4 | 0.02 | 0.53 | 0.45 | 601933 | ||
| 0.7 | 0.59 | 0.02 | 0.29 | 0.5 | 300892 | ||
| 0.58 | 0.41 | 0.53 | 0.29 | 0.34 | 601019 | ||
| 0.58 | 0.27 | 0.45 | 0.5 | 0.34 | 603057 | ||
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Risk-Adjusted Indicators
There is a big difference between King Stock performing well and King Strong 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 King Strong'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 600429 | 1.68 | (0.04) | 0.00 | 0.02 | 0.00 | 3.20 | 17.58 | |||
| 000793 | 3.75 | 0.26 | 0.06 | (0.48) | 4.29 | 9.90 | 20.05 | |||
| 601933 | 3.87 | 0.34 | 0.08 | (0.32) | 4.74 | 9.95 | 20.04 | |||
| 300892 | 2.99 | (0.31) | 0.00 | (2.12) | 0.00 | 5.02 | 15.18 | |||
| 601019 | 1.64 | (0.08) | 0.00 | (2.43) | 0.00 | 3.07 | 15.27 | |||
| 603057 | 2.30 | 0.02 | 0.01 | 0.04 | 2.91 | 5.77 | 20.04 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in King Strong 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?
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Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
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King Strong Corporate Executives
Elected by the shareholders, the King Strong's board of directors comprises two types of representatives: King Strong inside directors who are chosen from within the company, and outside directors, selected externally and held independent of King. The board's role is to monitor King Strong's management team and ensure that shareholders' interests are well served. King Strong'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, King Strong's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Haiyan Luo | CFO Supervisor | Profile |