Wintao Communications Correlations

301139 Stock

25.62 0.01 0.04%

The current 90-days correlation between Wintao Communications and Industrial and Commercial is 0.11 (i.e., Average diversification). The correlation of Wintao Communications 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.

Wintao Communications Correlation With Market

Good diversification

The correlation between Wintao Communications Co and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wintao Communications Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Wintao Stock

0.68	601288	Agricultural Bank	Pair Corr
0.78	601398	Industrial and Commercial	Pair Corr
0.74	601988	Bank of China	Pair Corr
0.81	601939	China Construction Bank	Pair Corr
0.83	600036	China Merchants Bank	Pair Corr
0.76	601166	Industrial Bank	Pair Corr
0.72	600000	Shanghai Pudong Deve	Pair Corr
0.86	601628	China Life Insurance	Pair Corr
0.83	601318	Ping An Insurance	Pair Corr

Related Correlations Analysis

	601398	601939	601288	601988	601857	600036	600938	600941	601328	601658
601398		0.98	0.95	0.94	0.52	0.88	0.6	0.79	0.96	0.95	601398
601939	0.98		0.93	0.89	0.48	0.93	0.59	0.72	0.94	0.98	601939
601288	0.95	0.93		0.95	0.49	0.77	0.58	0.74	0.93	0.91	601288
601988	0.94	0.89	0.95		0.52	0.72	0.54	0.83	0.92	0.87	601988
601857	0.52	0.48	0.49	0.52		0.46	0.92	0.66	0.57	0.45	601857
600036	0.88	0.93	0.77	0.72	0.46		0.58	0.58	0.86	0.94	600036
600938	0.6	0.59	0.58	0.54	0.92	0.58		0.7	0.63	0.59	600938
600941	0.79	0.72	0.74	0.83	0.66	0.58	0.7		0.76	0.7	600941
601328	0.96	0.94	0.93	0.92	0.57	0.86	0.63	0.76		0.92	601328
601658	0.95	0.98	0.91	0.87	0.45	0.94	0.59	0.7	0.92		601658
	601398	601939	601288	601988	601857	600036	600938	600941	601328	601658

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Risk-Adjusted Indicators

There is a big difference between Wintao Stock performing well and Wintao Communications 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 Wintao Communications' 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
601398	1.11	0.09	(0.02)	2.53	1.24	(1.37)	2.83	(2.53)	8.14
601939	1.20	0.13	0.02	1.67	1.35	(1.39)	3.32	(2.14)	8.64
601288	1.12	0.09	(0.01)	6.14	1.69	(1.04)	2.13	(2.42)	7.78
601988	1.08	0.07	(0.03)	33.65	1.27	(1.32)	2.67	(2.40)	7.70
601857	1.41	(0.06)	0.00	0.46	0.00	0.00	3.55	(3.33)	17.17
600036	1.53	0.29	0.09	(5.84)	1.66	(1.82)	4.65	(2.56)	13.83
600938	1.53	(0.01)	0.00	0.15	0.00	0.00	3.25	(3.62)	16.49
600941	0.98	0.04	(0.05)	0.39	1.08	(1.22)	2.05	(2.04)	8.38
601328	1.30	0.06	(0.03)	1.31	1.47	(1.56)	3.26	(2.55)	10.82
601658	1.38	0.21	0.06	1.66	1.40	(1.65)	3.49	(2.32)	9.13

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Our tools can tell you how much better you can do entering a position in Wintao Communications 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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