Mega-info Media Correlations
301102 Stock | 11.32 0.11 0.98% |
The current 90-days correlation between Mega info Media and Zhejiang Kingland Pipeline is 0.15 (i.e., Average diversification). The correlation of Mega-info 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.
Mega-info Media Correlation With Market
Average diversification
The correlation between Mega info Media CoLtd 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 Mega info Media CoLtd and DJI in the same portfolio, assuming nothing else is changed.
Mega-info |
The ability to find closely correlated positions to Mega-info 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 Mega-info 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 Mega-info 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 Mega info Media CoLtd to buy it.
Moving together with Mega-info Stock
0.64 | 601668 | China State Construction | PairCorr |
0.73 | 600048 | Poly Real Estate | PairCorr |
0.8 | 000002 | China Vanke Earnings Call This Week | PairCorr |
0.71 | 001979 | China Merchants Shekou | PairCorr |
0.75 | 600325 | Huafa Industrial | PairCorr |
0.85 | 600340 | China Fortune Land | PairCorr |
0.62 | 600648 | Shanghai Waigaoqiao Free | PairCorr |
0.62 | 300880 | Ningbo Jianan Electronics | PairCorr |
Moving against Mega-info Stock
0.71 | 508058 | CICC Fund Management | PairCorr |
0.6 | 002361 | Anhui Shenjian New | PairCorr |
0.54 | 508019 | Cicc Fund Management | PairCorr |
0.61 | 605580 | Hengsheng Energy | PairCorr |
0.52 | 601166 | Industrial Bank | PairCorr |
0.5 | 002916 | Shennan Circuits | PairCorr |
0.45 | 000506 | Zhongrun Resources | PairCorr |
Related Correlations Analysis
0.65 | 0.37 | 0.8 | 0.68 | 0.41 | 0.71 | 002443 | ||
0.65 | 0.44 | 0.54 | 0.43 | 0.25 | 0.6 | 300565 | ||
0.37 | 0.44 | 0.31 | 0.74 | 0.72 | 0.74 | 000997 | ||
0.8 | 0.54 | 0.31 | 0.66 | 0.4 | 0.69 | 300599 | ||
0.68 | 0.43 | 0.74 | 0.66 | 0.79 | 0.91 | 300073 | ||
0.41 | 0.25 | 0.72 | 0.4 | 0.79 | 0.74 | 300946 | ||
0.71 | 0.6 | 0.74 | 0.69 | 0.91 | 0.74 | 000973 | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Mega-info Stock performing well and Mega-info 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 Mega-info 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
002443 | 0.89 | (0.05) | 0.00 | (0.40) | 0.00 | 1.84 | 5.69 | |||
300565 | 2.85 | 0.18 | 0.10 | (0.36) | 3.13 | 5.47 | 25.18 | |||
000997 | 2.38 | 0.59 | 0.22 | 1.23 | 2.33 | 7.54 | 15.61 | |||
300599 | 2.06 | (0.05) | 0.00 | 0.39 | 0.00 | 3.97 | 26.27 | |||
300073 | 1.81 | 0.02 | 0.05 | 1.31 | 2.19 | 3.90 | 12.09 | |||
300946 | 2.32 | 0.20 | 0.09 | 0.58 | 2.75 | 4.20 | 26.78 | |||
000973 | 2.25 | (0.05) | 0.04 | (0.02) | 2.69 | 5.16 | 13.22 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mega-info 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.Did you try this?
Run Content Syndication Now
Content SyndicationQuickly integrate customizable finance content to your own investment portal |
All Next | Launch Module |
Mega-info Media Corporate Executives
Elected by the shareholders, the Mega-info Media's board of directors comprises two types of representatives: Mega-info Media inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mega-info. The board's role is to monitor Mega-info Media's management team and ensure that shareholders' interests are well served. Mega-info Media'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, Mega-info Media's outside directors are responsible for providing unbiased perspectives on the board's policies.
Xiaohong Yang | CFO GM | Profile |