Ganfeng Lithium Correlations
| 39EA Stock | EUR 2.62 0.08 2.96% |
The current 90-days correlation between Ganfeng Lithium and Lendlease Group is 0.12 (i.e., Average diversification). The correlation of Ganfeng Lithium 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.
Ganfeng Lithium Correlation With Market
Average diversification
The correlation between Ganfeng Lithium Co and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ganfeng Lithium Co and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Ganfeng Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ganfeng Lithium 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 Ganfeng Lithium - 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 Ganfeng Lithium Co to buy it.
Moving together with Ganfeng Stock
| 0.62 | AIL | Air Liquide SA | PairCorr |
| 0.63 | AILA | AIR LIQUIDE ADR | PairCorr |
| 0.63 | BAS | BASF SE | PairCorr |
| 0.63 | BAS | BASF SE | PairCorr |
| 0.61 | BSN | Danone SA | PairCorr |
| 0.71 | TKA | thyssenkrupp AG | PairCorr |
| 0.71 | JYS1 | JYSKE BANK | PairCorr |
| 0.71 | 5TP | BLUE LABEL | PairCorr |
| 0.73 | 3RE | Rejlerkoncernen AB | PairCorr |
| 0.64 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Ganfeng Stock
| 0.61 | MSF | Microsoft | PairCorr |
| 0.61 | MSF | Microsoft | PairCorr |
| 0.54 | SEH | Shin Etsu Chemical | PairCorr |
| 0.44 | 2OY | Dow Inc | PairCorr |
| 0.62 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.61 | MSF | Microsoft | PairCorr |
| 0.61 | MSF | Microsoft | PairCorr |
Related Correlations Analysis
| 0.66 | 0.58 | 0.68 | 0.7 | 0.67 | TSFA | ||
| 0.66 | 0.66 | 0.43 | 0.55 | 0.34 | LLC | ||
| 0.58 | 0.66 | 0.71 | 0.55 | 0.32 | AVLA | ||
| 0.68 | 0.43 | 0.71 | 0.73 | 0.32 | XS4 | ||
| 0.7 | 0.55 | 0.55 | 0.73 | 0.35 | TMD0 | ||
| 0.67 | 0.34 | 0.32 | 0.32 | 0.35 | ELG | ||
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Risk-Adjusted Indicators
There is a big difference between Ganfeng Stock performing well and Ganfeng Lithium 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 Ganfeng Lithium'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TSFA | 2.16 | (0.13) | 0.00 | (0.24) | 0.00 | 4.71 | 20.67 | |||
| LLC | 1.29 | (0.16) | 0.00 | 1.75 | 0.00 | 2.20 | 5.96 | |||
| AVLA | 1.29 | (0.04) | 0.00 | (0.11) | 0.00 | 2.23 | 11.61 | |||
| XS4 | 2.03 | (0.64) | 0.00 | (1.38) | 0.00 | 2.93 | 13.19 | |||
| TMD0 | 2.47 | (0.10) | 0.00 | (0.52) | 0.00 | 4.08 | 23.64 | |||
| ELG | 2.09 | (0.01) | 0.00 | (0.11) | 0.00 | 4.27 | 17.28 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ganfeng Lithium 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?
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Ganfeng Lithium Corporate Management
Elected by the shareholders, the Ganfeng Lithium's board of directors comprises two types of representatives: Ganfeng Lithium inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ganfeng. The board's role is to monitor Ganfeng Lithium's management team and ensure that shareholders' interests are well served. Ganfeng Lithium'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, Ganfeng Lithium's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jian Xu | VP | Profile | |
| ACCA CPA | Joint Sec | Profile | |
| Sam Pigott | Head America | Profile | |
| Manying Yang | VP CFO | Profile | |
| Liangbin Li | Pres CEO | Profile | |
| Zhaonan Deng | VP Director | Profile | |
| Haibo Shen | Ex Director | Profile |