Kunwu Jiuding Correlations
| 600053 Stock | 13.24 0.05 0.38% |
The current 90-days correlation between Kunwu Jiuding Investment and Shanghai MicroPort EV is 0.05 (i.e., Significant diversification). The correlation of Kunwu Jiuding 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.
Kunwu Jiuding Correlation With Market
Significant diversification
The correlation between Kunwu Jiuding Investment and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kunwu Jiuding Investment and DJI in the same portfolio, assuming nothing else is changed.
Kunwu |
The ability to find closely correlated positions to Kunwu Jiuding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kunwu Jiuding 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 Kunwu Jiuding - 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 Kunwu Jiuding Investment to buy it.
Moving against Kunwu Stock
| 0.6 | 600000 | Shanghai Pudong Deve | PairCorr |
| 0.58 | 601166 | Industrial Bank | PairCorr |
| 0.49 | 600036 | China Merchants Bank | PairCorr |
| 0.37 | 601398 | Industrial and Commercial | PairCorr |
| 0.35 | 600301 | Nanning Chemical Industry | PairCorr |
| 0.4 | 603959 | Hunan Baili Engineering | PairCorr |
| 0.39 | 603269 | Jiangsu Seagull Cooling | PairCorr |
| 0.37 | 300842 | Wuxi Dk Electronic | PairCorr |
| 0.36 | 300674 | Yusys Technologies | PairCorr |
| 0.36 | 688466 | GreenTech Environmental | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Kunwu Stock performing well and Kunwu Jiuding 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 Kunwu Jiuding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601628 | 1.24 | (0.12) | 0.00 | (0.35) | 0.00 | 2.26 | 8.95 | |||
| 601059 | 1.99 | 0.09 | 0.05 | (0.44) | 2.35 | 6.86 | 14.29 | |||
| 688072 | 2.06 | 0.13 | 0.07 | 0.54 | 2.18 | 5.78 | 15.54 | |||
| 601198 | 1.68 | 0.03 | 0.02 | 0.07 | 2.18 | 4.31 | 8.63 | |||
| 688351 | 1.50 | 0.02 | 0.02 | 0.09 | 1.56 | 2.47 | 10.08 | |||
| 002507 | 0.78 | (0.06) | 0.00 | 0.27 | 0.00 | 2.04 | 4.28 | |||
| 688126 | 1.59 | (0.18) | 0.00 | (0.47) | 0.00 | 3.09 | 22.76 | |||
| 688293 | 1.59 | 0.01 | 0.02 | (0.11) | 1.72 | 5.28 | 13.56 | |||
| 603993 | 1.47 | 0.24 | 0.15 | 5.28 | 1.49 | 3.66 | 12.04 | |||
| 000504 | 1.88 | 0.25 | 0.12 | 0.88 | 1.98 | 4.52 | 13.42 |
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Kunwu Jiuding Corporate Executives
Elected by the shareholders, the Kunwu Jiuding's board of directors comprises two types of representatives: Kunwu Jiuding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kunwu. The board's role is to monitor Kunwu Jiuding's management team and ensure that shareholders' interests are well served. Kunwu Jiuding'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, Kunwu Jiuding's outside directors are responsible for providing unbiased perspectives on the board's policies.