Dook Media Correlations

301025 Stock

9.55 0.20 2.14%

The current 90-days correlation between Dook Media Group and Vanfund Urban Investment is 0.72 (i.e., Poor diversification). The correlation of Dook Media 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.

Dook Media Correlation With Market

Good diversification

The correlation between Dook Media Group and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dook Media Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Dook Stock

0.81	688443	Chongqing Genrix Bio	Pair Corr
0.66	688027	QuantumCTek	Pair Corr
0.85	688047	Loongson Technology Corp	Pair Corr
0.73	688318	Shenzhen Fortune Trend	Pair Corr
0.91	600106	Chongqing Road Bridge	Pair Corr
0.79	300578	BizConf Telecom	Pair Corr
0.89	601698	China Satellite Comm	Pair Corr
0.61	600386	Beijing Bashi Media	Pair Corr
0.66	301365	Matrix Design	Pair Corr
0.63	688013	Touchstone International	Pair Corr

Moving against Dook Stock

0.55	688256	Cambricon Technologies	Pair Corr
0.54	688981	Semiconductor Manufacturing	Pair Corr
0.49	603306	HMTNew Technical	Pair Corr
0.54	180101	Bosera CMSK Industrial	Pair Corr
0.37	301439	Weihai Honglin Electronic	Pair Corr
0.35	601169	Bank of Beijing Co Ltd	Pair Corr

Related Correlations Analysis

	000609	002605	600707	000638	000809	002021	000598
000609		0.02	-0.01	0.02	-0.14	-0.15	-0.66	000609
002605	0.02		-0.38	0.91	-0.18	0.67	0.04	002605
600707	-0.01	-0.38		-0.54	0.57	-0.12	0.16	600707
000638	0.02	0.91	-0.54		-0.27	0.71	-0.04	000638
000809	-0.14	-0.18	0.57	-0.27		0.31	0.3	000809
002021	-0.15	0.67	-0.12	0.71	0.31		0.19	002021
000598	-0.66	0.04	0.16	-0.04	0.3	0.19		000598
	000609	002605	600707	000638	000809	002021	000598

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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

000638	+ 0.91	002605
002021	+ 0.71	000638
002021	+ 0.67	002605
000809	+ 0.57	600707
002021	+ 0.31	000809
000598	+ 0.3	000809

High negative correlations

000598	- 0.66	000609
000638	- 0.54	600707
600707	- 0.38	002605
000809	- 0.27	000638
000809	- 0.18	002605
002021	- 0.15	000609

Risk-Adjusted Indicators

There is a big difference between Dook Stock performing well and Dook Media 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 Dook Media'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
000609	2.46	0.09	0.03	0.03	2.79	(2.74)	5.04	(4.92)	10.19
002605	2.61	(0.13)	0.00	(0.95)	0.00	0.00	5.50	(6.01)	18.95
600707	1.83	0.13	0.08	0.63	2.08	(2.02)	4.08	(3.86)	12.11
000638	2.15	(0.11)	0.00	4.69	0.00	0.00	3.95	(4.74)	13.63
000809	2.14	0.11	0.09	(0.14)	2.45	(2.47)	4.93	(4.89)	10.10
002021	2.57	(0.07)	0.00	0.38	0.00	0.00	4.92	(5.49)	18.75
000598	1.05	(0.17)	0.00	1.66	0.00	0.00	2.20	(2.27)	5.69

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dook Media 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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