Zhongsheng Group Correlations

Stocks . Germany . 
Stock . Zhongsheng Group Holdings
5Z0 Stock  EUR 1.55  0.12  7.19%   
The current 90-days correlation between Zhongsheng Group Holdings and Infrastrutture Wireless Italiane is 0.09 (i.e., Significant diversification). The correlation of Zhongsheng Group 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.

Zhongsheng Group Correlation With Market

Good diversification

The correlation between Zhongsheng Group Holdings and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhongsheng Group Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Zhongsheng Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhongsheng Group 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 Zhongsheng Group - 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 Zhongsheng Group Holdings to buy it.

Moving together with Zhongsheng Stock

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Moving against Zhongsheng Stock

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Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
0NH
+ 0.77
GUU
AZU
+ 0.67
GUU
0NH
+ 0.66
AZU
K9R
+ 0.62
AZU
0NH
+ 0.61
K9R
K9R
+ 0.55
GUU
  
High negative correlations   
0NH
- 0.41
WI8
WI8
- 0.36
AZU
WI8
- 0.27
GUU
3DS
- 0.23
GUU
0NH
- 0.13
3DS
8SF
- 0.13
3DS

Risk-Adjusted Indicators

There is a big difference between Zhongsheng Stock performing well and Zhongsheng Group 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 Zhongsheng Group'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Zhongsheng Group 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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Zhongsheng Group Corporate Management

Elected by the shareholders, the Zhongsheng Group's board of directors comprises two types of representatives: Zhongsheng Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zhongsheng. The board's role is to monitor Zhongsheng Group's management team and ensure that shareholders' interests are well served. Zhongsheng Group'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, Zhongsheng Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
Zhicheng ZhangVP DirectorProfile
Yi HuangCoFounder ChairmanProfile
Guohui LiJoint DirectorProfile
Xianfeng TangVP DirectorProfile
Shezhen YanHead RelationshipProfile
Ning YuVP CFOProfile
Guoqiang LiVice CoFounderProfile
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