Ziel Home Correlations

301376 Stock

19.72 0.51 2.52%

The current 90-days correlation between Ziel Home Furnishing and Zhongyin Babi Food is 0.62 (i.e., Poor diversification). The correlation of Ziel Home 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.

Ziel Home Correlation With Market

Significant diversification

The correlation between Ziel Home Furnishing and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ziel Home Furnishing and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ziel Stock

0.85	300750	Contemporary Amperex	Pair Corr
0.66	000596	Anhui Gujing Distillery	Pair Corr
0.68	002371	NAURA Technology	Pair Corr
0.87	002801	Hangzhou Weiguang	Pair Corr
0.92	300512	Hangzhou Zhongya Mac	Pair Corr
0.76	002748	Jiangxi Selon Industrial	Pair Corr
0.84	002044	Meinian Onehealth	Pair Corr
0.86	300946	Hengerda New Materials	Pair Corr
0.88	601007	Jinling Hotel Corp	Pair Corr
0.88	601615	Ming Yang Smart	Pair Corr
0.79	300898	Panda Dairy Corp	Pair Corr
0.94	002360	Shanxi Tond Chemical	Pair Corr
0.63	000635	Ningxia Younglight	Pair Corr
0.85	300981	Zhonghong Pulin Medical	Pair Corr
0.71	002074	Gotion High tech	Pair Corr
0.86	600258	BTG Hotels Group	Pair Corr
0.88	600201	Jinyu Bio Technology	Pair Corr
0.83	600006	Dongfeng Automobile	Pair Corr
0.9	300378	Digiwin Software	Pair Corr
0.7	600830	Sunny Loan Top	Pair Corr
0.9	002293	Luolai Home Textile	Pair Corr
0.77	002148	Beijing Bewinner Com	Pair Corr
0.78	603239	Zhejiang Xiantong	Pair Corr
0.85	002887	Tianjin LVYIN Landscape	Pair Corr
0.61	002265	Yunnan Xiyi Industrial	Pair Corr
0.7	600522	Jiangsu Zhongtian	Pair Corr
0.7	301015	Qingdao Baheal Medical	Pair Corr
0.86	605338	Zhongyin Babi Food	Pair Corr

Related Correlations Analysis

	002357	605338	002532	605089	301113	605128	300651
002357		0.94	0.57	0.96	0.85	0.77	0.89	002357
605338	0.94		0.68	0.93	0.87	0.81	0.89	605338
002532	0.57	0.68		0.51	0.83	0.8	0.71	002532
605089	0.96	0.93	0.51		0.81	0.72	0.85	605089
301113	0.85	0.87	0.83	0.81		0.9	0.92	301113
605128	0.77	0.81	0.8	0.72	0.9		0.84	605128
300651	0.89	0.89	0.71	0.85	0.92	0.84		300651
	002357	605338	002532	605089	301113	605128	300651

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Risk-Adjusted Indicators

There is a big difference between Ziel Stock performing well and Ziel Home 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 Ziel Home'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
002357	2.17	0.69	0.24	5.44	2.37	(2.53)	5.41	(3.72)	15.85
605338	2.22	0.55	0.19	2.01	2.37	(2.57)	5.10	(4.60)	17.55
002532	2.15	0.45	0.14	2.03	2.58	(2.42)	5.75	(4.23)	17.40
605089	2.96	0.73	0.19	1.00	3.33	(3.30)	9.27	(6.01)	19.23
301113	2.83	0.49	0.10	(1.36)	3.82	(2.84)	5.66	(5.54)	27.85
605128	2.48	0.57	0.24	3.04	1.93	(3.01)	6.76	(3.36)	14.44
300651	2.71	0.40	0.09	3.17	3.68	(2.95)	5.20	(5.72)	26.52

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ziel Home 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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