Kailong High Correlations
| 300912 Stock | 13.53 0.12 0.88% |
The current 90-days correlation between Kailong High Technology and Wuhan Yangtze Communication is 0.47 (i.e., Very weak diversification). The correlation of Kailong High 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.
Kailong High Correlation With Market
Average diversification
The correlation between Kailong High Technology and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kailong High Technology and DJI in the same portfolio, assuming nothing else is changed.
Kailong |
The ability to find closely correlated positions to Kailong High could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kailong High 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 Kailong High - 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 Kailong High Technology to buy it.
Moving together with Kailong Stock
| 0.68 | 300841 | Chengdu Kanghua Biol | PairCorr |
| 0.89 | 301398 | Ningbo Sinyuan ZM | PairCorr |
| 0.81 | 300364 | COL Digital Publishing | PairCorr |
| 0.82 | 688137 | Suzhou Novoprotein | PairCorr |
| 0.69 | 688403 | Union Semiconductor | PairCorr |
| 0.83 | 688151 | Hubei Huaqiang High | PairCorr |
| 0.81 | 300001 | Qingdao TGOOD Electric | PairCorr |
| 0.83 | 301033 | Medprin Regenerative | PairCorr |
| 0.89 | 300148 | Tangel Publishing | PairCorr |
| 0.75 | 603086 | Shandong Cynda Chemcial | PairCorr |
| 0.68 | 000997 | Fujian Newland Computer | PairCorr |
| 0.95 | 300096 | YLZ Information Tech | PairCorr |
| 0.76 | 300324 | Beijing Watertek Inf | PairCorr |
| 0.72 | 600268 | Guodian Nanjing Auto | PairCorr |
| 0.93 | 300608 | SI TECH Information | PairCorr |
| 0.72 | 300378 | Digiwin Software | PairCorr |
| 0.81 | 300012 | Centre Testing Intl | PairCorr |
| 0.73 | 301078 | Kidswant Children | PairCorr |
| 0.78 | 688255 | Hangzhou Kaierda Welding | PairCorr |
| 0.89 | 600996 | Guizhou BroadcastingTV | PairCorr |
| 0.8 | 688277 | Tinavi Medical Techn | PairCorr |
| 0.86 | 001380 | Hwaway Tech Corp | PairCorr |
Moving against Kailong Stock
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Kailong Stock performing well and Kailong High 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 Kailong High'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 600345 | 2.46 | (0.14) | 0.00 | 0.20 | 0.00 | 7.62 | 15.92 | |||
| 301190 | 1.65 | 0.26 | 0.17 | (1.24) | 1.82 | 4.73 | 12.83 | |||
| 300565 | 2.85 | 0.16 | 0.10 | (0.35) | 3.14 | 5.47 | 25.18 | |||
| 002008 | 1.52 | 0.19 | 0.14 | 0.88 | 1.68 | 4.28 | 9.10 | |||
| 603236 | 3.53 | 1.04 | 0.27 | 2.19 | 3.52 | 10.00 | 17.87 | |||
| 002987 | 2.74 | 0.43 | 0.15 | (1.09) | 3.34 | 7.30 | 16.87 | |||
| 002115 | 4.15 | 0.38 | 0.11 | (0.52) | 4.69 | 10.03 | 20.06 |
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Kailong High Corporate Executives
Elected by the shareholders, the Kailong High's board of directors comprises two types of representatives: Kailong High inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kailong. The board's role is to monitor Kailong High's management team and ensure that shareholders' interests are well served. Kailong High'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, Kailong High's outside directors are responsible for providing unbiased perspectives on the board's policies.