Hainan Poly Correlations

300630 Stock

2.97 0.37 11.08%

The current 90-days correlation between Hainan Poly Pharm and Mengtian Home Group is 0.17 (i.e., Average diversification). The correlation of Hainan Poly 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.

Hainan Poly Correlation With Market

Significant diversification

The correlation between Hainan Poly Pharm and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hainan Poly Pharm and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Hainan Stock

0.77	601166	Industrial Bank	Pair Corr
0.76	601988	Bank of China	Pair Corr
0.71	601398	Industrial and Commercial	Pair Corr
0.67	601288	Agricultural Bank	Pair Corr
0.64	601939	China Construction Bank	Pair Corr
0.56	600036	China Merchants Bank	Pair Corr
0.52	600000	Shanghai Pudong Deve	Pair Corr
0.5	601328	Bank of Communications	Pair Corr

Related Correlations Analysis

	603216	603365	002534	601156	603818	603043	603709
603216		0.58	-0.32	0.09	0.6	0.65	0.72	603216
603365	0.58		-0.56	-0.25	0.22	0.34	0.54	603365
002534	-0.32	-0.56		0.07	0.13	-0.14	-0.01	002534
601156	0.09	-0.25	0.07		0.1	0.45	-0.13	601156
603818	0.6	0.22	0.13	0.1		0.8	0.86	603818
603043	0.65	0.34	-0.14	0.45	0.8		0.69	603043
603709	0.72	0.54	-0.01	-0.13	0.86	0.69		603709
	603216	603365	002534	601156	603818	603043	603709

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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

603709	+ 0.86	603818
603043	+ 0.8	603818
603709	+ 0.72	603216
603709	+ 0.69	603043
603043	+ 0.65	603216
603818	+ 0.6	603216

High negative correlations

002534	- 0.56	603365
002534	- 0.32	603216
601156	- 0.25	603365
603043	- 0.14	002534
603709	- 0.13	601156
603709	- 0.01	002534

Risk-Adjusted Indicators

There is a big difference between Hainan Stock performing well and Hainan Poly 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 Hainan Poly'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
603216	2.01	0.16	0.04	0.50	3.14	(2.01)	4.03	(4.25)	20.05
603365	2.41	0.36	0.13	7.55	2.35	(2.84)	6.95	(4.71)	16.35
002534	1.84	0.20	0.08	(0.58)	1.99	(2.23)	4.42	(3.48)	15.47
601156	1.43	0.01	(0.01)	(0.02)	1.56	(1.64)	3.36	(2.94)	6.59
603818	2.73	0.15	0.04	0.95	3.34	(2.89)	5.69	(4.85)	18.17
603043	1.52	0.08	0.04	0.24	1.59	(1.95)	3.10	(3.02)	9.90
603709	2.26	0.26	0.06	4.37	3.58	(2.13)	4.72	(4.93)	14.69

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hainan Poly 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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Hainan Poly Corporate Management

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

Zhou Mao	Secretary GM	Profile
Yinkui Zou	Deputy Manager	Profile
Xu Zhao	Securities Representative	Profile
Xuelai Zhou	Deputy Manager	Profile

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