Linktel Technologies Correlations

301205 Stock

80.10 3.19 4.15%

The current 90-days correlation between Linktel Technologies and LianChuang Electronic Technology is 0.57 (i.e., Very weak diversification). The correlation of Linktel Technologies 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.

Linktel Technologies Correlation With Market

Good diversification

The correlation between Linktel Technologies 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 Linktel Technologies Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Linktel Stock

0.87	300841	Chengdu Kanghua Biol	Pair Corr
0.78	688137	Suzhou Novoprotein	Pair Corr
0.75	300364	COL Digital Publishing	Pair Corr
0.63	600223	Lushang Property	Pair Corr
0.84	300433	Lens Technology	Pair Corr
0.66	000560	5I5j Holding Group	Pair Corr
0.66	300880	Ningbo Jianan Electronics	Pair Corr
0.72	605128	Shanghai Yanpu Metal	Pair Corr
0.68	600755	Xiamen ITG Group	Pair Corr
0.77	688082	ACM Research Shanghai	Pair Corr
0.82	600633	Zhejiang Daily Media	Pair Corr
0.74	601598	Sinotrans Class	Pair Corr
0.66	688507	Shanghai Suochen Inf	Pair Corr
0.66	688047	Loongson Technology Corp	Pair Corr
0.79	688325	Guangdong Cellwise	Pair Corr
0.69	002382	Blue Sail Medical	Pair Corr
0.75	600584	JCET Group	Pair Corr
0.88	301379	Techshine Electronics	Pair Corr

Related Correlations Analysis

	002036	605277	301276	600084	600499	002801	603936	688103
002036		0.71	0.73	0.85	0.8	0.79	0.9	0.88	002036
605277	0.71		0.65	0.59	0.48	0.86	0.75	0.61	605277
301276	0.73	0.65		0.67	0.63	0.67	0.76	0.71	301276
600084	0.85	0.59	0.67		0.83	0.81	0.76	0.73	600084
600499	0.8	0.48	0.63	0.83		0.63	0.74	0.69	600499
002801	0.79	0.86	0.67	0.81	0.63		0.68	0.59	002801
603936	0.9	0.75	0.76	0.76	0.74	0.68		0.95	603936
688103	0.88	0.61	0.71	0.73	0.69	0.59	0.95		688103
	002036	605277	301276	600084	600499	002801	603936	688103

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Risk-Adjusted Indicators

There is a big difference between Linktel Stock performing well and Linktel Technologies 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 Linktel Technologies' 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
002036	3.34	0.68	0.16	1.45	3.68	(3.66)	9.97	(5.52)	20.09
605277	2.21	0.64	0.21	2.08	2.38	(2.47)	5.59	(3.48)	17.83
301276	1.93	0.31	0.08	3.88	2.66	(1.98)	3.94	(6.07)	20.94
600084	2.25	0.17	0.04	0.27	3.32	(2.22)	4.70	(4.27)	18.34
600499	2.09	0.19	0.05	(0.45)	2.49	(2.41)	4.41	(3.73)	17.09
002801	2.03	0.48	0.19	(12.32)	2.00	(2.49)	5.13	(4.32)	15.03
603936	2.34	0.52	0.14	(2.27)	2.65	(2.46)	5.18	(5.04)	18.09
688103	3.21	0.68	0.17	(2.15)	3.28	(3.66)	7.82	(6.53)	21.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Linktel Technologies 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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