Zhejiang Tailin Correlations
| 300813 Stock | 18.21 0.84 4.41% |
The current 90-days correlation between Zhejiang Tailin Bioe and Yes Optoelectronics Co is 0.06 (i.e., Significant diversification). The correlation of Zhejiang Tailin 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.
Zhejiang Tailin Correlation With Market
Good diversification
The correlation between Zhejiang Tailin Bioengineering and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhejiang Tailin Bioengineering and DJI in the same portfolio, assuming nothing else is changed.
Zhejiang |
The ability to find closely correlated positions to Zhejiang Tailin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhejiang Tailin 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 Zhejiang Tailin - 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 Zhejiang Tailin Bioengineering to buy it.
Moving together with Zhejiang Stock
| 0.72 | 601318 | Ping An Insurance | PairCorr |
| 0.63 | 600036 | China Merchants Bank | PairCorr |
| 0.68 | 002065 | Dhc Software | PairCorr |
| 0.73 | 688047 | Loongson Technology Corp | PairCorr |
| 0.66 | 001323 | De Rucci Healthy | PairCorr |
| 0.86 | 000661 | Changchun High New | PairCorr |
| 0.72 | 601059 | Cinda Securities | PairCorr |
| 0.7 | 000761 | Bengang Steel Plates | PairCorr |
| 0.81 | 601865 | Flat Glass Group | PairCorr |
| 0.73 | 000560 | 5I5j Holding Group | PairCorr |
| 0.66 | 000609 | Beijing Mainstreets | PairCorr |
| 0.7 | 002152 | GRG Banking Equipment | PairCorr |
| 0.81 | 603659 | Shanghai Putailai New | PairCorr |
| 0.64 | 600335 | Sinomach Automobile | PairCorr |
| 0.72 | 688603 | Guangdong Skychem | PairCorr |
| 0.78 | 300815 | Eit Environmental | PairCorr |
| 0.79 | 688325 | Guangdong Cellwise | PairCorr |
| 0.74 | 600363 | Jiangxi Lianchuang Opto | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Zhejiang Stock performing well and Zhejiang Tailin 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 Zhejiang Tailin'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601336 | 2.51 | 0.72 | 0.29 | 1.36 | 1.92 | 8.54 | 16.01 | |||
| 601615 | 2.72 | 0.67 | 0.24 | 5.50 | 2.38 | 7.78 | 18.14 | |||
| 159681 | 2.98 | 0.65 | 0.15 | (9.24) | 3.03 | 8.99 | 36.32 | |||
| 159005 | 0.01 | 0.00 | 0.00 | 0.57 | 0.00 | 0.01 | 0.14 | |||
| 300729 | 2.32 | 0.26 | 0.07 | 0.93 | 3.14 | 6.27 | 24.80 | |||
| 002952 | 3.20 | 0.44 | 0.09 | (0.76) | 3.87 | 9.02 | 19.99 | |||
| 516220 | 1.69 | 0.28 | 0.09 | (1.43) | 1.71 | 5.26 | 17.74 | |||
| 002096 | 2.16 | 0.21 | 0.08 | 1.20 | 2.36 | 4.30 | 13.27 | |||
| 002999 | 2.60 | 0.34 | 0.09 | 6.85 | 3.18 | 6.20 | 17.06 | |||
| 300243 | 3.23 | 0.54 | 0.11 | (0.79) | 4.01 | 10.41 | 31.77 |
Be your own money manager
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Zhejiang Tailin Corporate Executives
Elected by the shareholders, the Zhejiang Tailin's board of directors comprises two types of representatives: Zhejiang Tailin inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zhejiang. The board's role is to monitor Zhejiang Tailin's management team and ensure that shareholders' interests are well served. Zhejiang Tailin'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, Zhejiang Tailin's outside directors are responsible for providing unbiased perspectives on the board's policies.