Vats Liquor Correlations

Stocks . China . 
Stock . Vats Liquor Chain
300755 Stock   17.69  0.17  0.97%   
The current 90-days correlation between Vats Liquor Chain and PetroChina Co Ltd is 0.53 (i.e., Very weak diversification). The correlation of Vats Liquor 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.

Vats Liquor Correlation With Market

Average diversification

The correlation between Vats Liquor Chain 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 Vats Liquor Chain and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Vats Liquor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vats Liquor 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 Vats Liquor - 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 Vats Liquor Chain to buy it.

Moving together with Vats Stock

  0.71600036 China Merchants BankPairCorr
  0.69601998 China Citic BankPairCorr
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  0.74002368 Taiji Computer CorpPairCorr
  0.87900934 Shanghai Jin JiangPairCorr
  0.84000555 Digital China InformationPairCorr
  0.78000009 China Baoan GroupPairCorr
  0.8002138 Shenzhen Sunlord ElePairCorr
  0.8600885 Hongfa TechnologyPairCorr
  0.86000157 Zoomlion Heavy IndustryPairCorr
  0.78300729 Loctek Ergonomic TecPairCorr
  0.73002812 Yunnan Chuangxin NewPairCorr
  0.85603259 WuXi AppTecPairCorr
  0.67688293 Shanghai OPM BiosciencesPairCorr
  0.7002998 Elite Color EnvironmentalPairCorr
  0.8600079 Humanwell HealthcarePairCorr
  0.69002121 Shenzhen Clou ElectronicsPairCorr
  0.8000661 Changchun High NewPairCorr
  0.73002371 NAURA TechnologyPairCorr
  0.86601336 New China LifePairCorr
  0.64601665 Qilu BankPairCorr
  0.84000425 XCMG ConstructionPairCorr
  0.84002382 Blue Sail MedicalPairCorr
  0.78600170 Shanghai ConstructionPairCorr
  0.73300301 Shenzhen Changfang LightPairCorr

Related Correlations Analysis

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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   
600938
+ 0.94
601857
601668
+ 0.92
601318
601628
+ 0.92
601318
601628
+ 0.85
601668
600028
+ 0.84
600938
600028
+ 0.83
601857
  
High negative correlations   
601628
- 0.13
600028
601318
- 0.07
600941
601628
- 0.05
600941
600028
- 0.04
601318

Risk-Adjusted Indicators

There is a big difference between Vats Stock performing well and Vats Liquor 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 Vats Liquor'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
601857  1.34  0.19  0.08  7.44  1.79 
(1.78)
 3.55 
(2.01)
 17.17 
600941  1.05  0.19  0.15 (4.63) 0.94 
(1.34)
 3.09 
(2.04)
 8.38 
600938  1.40  0.16  0.07 (3.12) 1.87 
(1.53)
 3.83 
(2.13)
 16.49 
601318  1.80  0.31  0.13  0.89  1.97 
(2.28)
 5.83 
(2.88)
 19.77 
600028  1.17  0.06  0.03  0.60  1.56 
(1.32)
 2.51 
(1.89)
 10.77 
601728  1.40  0.27  0.13  1.09  1.60 
(1.56)
 3.49 
(2.45)
 11.12 
601668  1.86  0.33  0.12  1.00  2.13 
(2.03)
 5.25 
(3.67)
 15.78 
601088  1.53  0.15  0.07  57.18  1.58 
(1.73)
 4.28 
(2.66)
 10.24 
601628  2.12  0.33  0.11  0.79  2.55 
(2.26)
 6.42 
(3.94)
 20.00 

Be your own money manager

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