GUOMAI Culture Correlations

301052 Stock   30.53  1.80  6.27%   
The current 90-days correlation between GUOMAI Culture Media and Lecron Energy Saving is 0.43 (i.e., Very weak diversification). The correlation of GUOMAI Culture 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.

GUOMAI Culture Correlation With Market

Good diversification

The correlation between GUOMAI Culture Media and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GUOMAI Culture Media and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to GUOMAI Culture could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GUOMAI Culture 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 GUOMAI Culture - 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 GUOMAI Culture Media to buy it.

Moving together with GUOMAI Stock

  0.74001316 Zhejiang XiaSha PrecisionPairCorr
  0.71688277 Tinavi Medical TechnPairCorr
  0.62600648 Shanghai Waigaoqiao FreePairCorr
  0.77603882 Guangzhou KingmedPairCorr
  0.79002675 Yantai Dongcheng PhaPairCorr
  0.78300378 Digiwin SoftwarePairCorr
  0.72300590 Queclink WirelessPairCorr
  0.7002173 Innovative MedicalPairCorr

Moving against GUOMAI Stock

  0.39508058 CICC Fund ManagementPairCorr
  0.61605580 Hengsheng EnergyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
601665601166
601665000938
000938601166
000938601818
601665601818
002670300343
  
High negative correlations   
600015601166
600015601665
002124601665
002124000938
002124601166
600015000938

Risk-Adjusted Indicators

There is a big difference between GUOMAI Stock performing well and GUOMAI Culture 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 GUOMAI Culture'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in GUOMAI Culture 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.

Did you try this?

Run Crypto Correlations Now

   

Crypto Correlations

Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
All  Next Launch Module

GUOMAI Culture Corporate Executives

Elected by the shareholders, the GUOMAI Culture's board of directors comprises two types of representatives: GUOMAI Culture inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GUOMAI. The board's role is to monitor GUOMAI Culture's management team and ensure that shareholders' interests are well served. GUOMAI Culture'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, GUOMAI Culture's outside directors are responsible for providing unbiased perspectives on the board's policies.
Yu CaiCFO BoardProfile