Tjk Machinery Correlations

Stocks . China . 
Stock . Tjk Machinery Tianjin
300823 Stock   14.03  0.22  1.59%   
The current 90-days correlation between Tjk Machinery Tianjin and Industrial and Commercial is 0.21 (i.e., Modest diversification). The correlation of Tjk Machinery 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.

Tjk Machinery Correlation With Market

Good diversification

The correlation between Tjk Machinery Tianjin and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tjk Machinery Tianjin and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Tjk Machinery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tjk Machinery 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 Tjk Machinery - 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 Tjk Machinery Tianjin to buy it.

Moving together with Tjk Stock

  0.65601398 Industrial and CommercialPairCorr
  0.67601939 China Construction BankPairCorr
  0.63601988 Bank of ChinaPairCorr
  0.71601658 Postal Savings BankPairCorr
  0.65601318 Ping An InsurancePairCorr
  0.7600036 China Merchants BankPairCorr
  0.76601998 China Citic BankPairCorr
  0.88300880 Ningbo Jianan ElectronicsPairCorr
  0.86603969 Tianjin Silvery DragonPairCorr
  0.84603365 Shanghai Shuixing HomePairCorr
  0.87600335 Sinomach AutomobilePairCorr
  0.78002074 Gotion High techPairCorr
  0.8601929 JiShi MediaPairCorr
  0.82600498 Fiberhome TelecommunicatioPairCorr
  0.93300825 Iat Automobile TechnologyPairCorr
  0.77002217 Holitech TechnologyPairCorr
  0.65000617 CNPC CapitalPairCorr
  0.79000560 5I5j Holding GroupPairCorr
  0.82000661 Changchun High NewPairCorr
  0.77301390 Hangzhou Gisway InfoPairCorr
  0.74000428 Huatian Hotel GroupPairCorr
  0.81605128 Shanghai Yanpu MetalPairCorr
  0.68605377 Hangzhou Huawang NewPairCorr
  0.86002303 Shenzhen MYS EnvironPairCorr
  0.8002847 Yankershop FoodPairCorr
  0.75300608 SI TECH InformationPairCorr
  0.91002893 Beijing HuaYuanYiTongPairCorr
  0.89600633 Zhejiang Daily MediaPairCorr
  0.91002382 Blue Sail MedicalPairCorr
  0.86603068 Beken CorpPairCorr
  0.9688325 Guangdong CellwisePairCorr
  0.79688082 ACM Research ShanghaiPairCorr
  0.84688507 Shanghai Suochen InfPairCorr
  0.91300815 Eit EnvironmentalPairCorr
  0.79000506 Zhongrun ResourcesPairCorr
  0.78600719 Dalian Thermal PowerPairCorr
  0.81600584 JCET GroupPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Tjk Stock performing well and Tjk Machinery 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 Tjk Machinery'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
601398  1.09  0.25  0.18  3.08  1.01 
(1.43)
 2.83 
(1.71)
 8.14 
600519  1.71  0.17  0.07  0.61  1.81 
(2.11)
 6.55 
(2.98)
 16.71 
601288  1.02  0.18  0.11  1.44  1.25 
(1.11)
 2.20 
(1.89)
 7.78 
600941  1.05  0.17  0.14 (8.04) 0.96 
(1.37)
 3.09 
(2.04)
 8.38 
601939  1.11  0.26  0.16  1.80  1.16 
(1.32)
 3.32 
(1.93)
 8.64 
601857  1.28  0.12  0.05 (4.50) 1.83 
(1.59)
 3.55 
(2.03)
 17.17 
601988  1.00  0.19  0.14  1.27  0.97 
(1.27)
 2.67 
(1.98)
 7.70 
300750  2.77  0.60  0.16 (2.47) 3.05 
(3.23)
 7.94 
(3.41)
 33.42 
601628  2.13  0.35  0.11  0.90  2.54 
(2.30)
 6.42 
(3.94)
 20.00 
600036  1.56  0.37  0.17 (3.67) 1.76 
(1.79)
 4.65 
(2.56)
 13.83 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tjk Machinery 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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Tjk Machinery Corporate Management

Elected by the shareholders, the Tjk Machinery's board of directors comprises two types of representatives: Tjk Machinery inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tjk. The board's role is to monitor Tjk Machinery's management team and ensure that shareholders' interests are well served. Tjk Machinery'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, Tjk Machinery's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jianshan XueCore StaffProfile
Yuhong PanCore StaffProfile
Zhendong ChenCore GMProfile
Xin ZhangDeputy StaffProfile
Lin LinDeputy SecretaryProfile
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