Kunwu Jiuding Correlations
| 600053 Stock | 13.10 0.46 3.39% |
The current 90-days correlation between Kunwu Jiuding Investment and Changjiang Publishing Media is -0.03 (i.e., Good 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 0.07 (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 together with Kunwu Stock
| 0.73 | 601668 | China State Construction | PairCorr |
| 0.77 | 601390 | China Railway Group | PairCorr |
| 0.77 | 601186 | China Railway Constr | PairCorr |
| 0.65 | 601628 | China Life Insurance | PairCorr |
| 0.68 | 601318 | Ping An Insurance | PairCorr |
| 0.66 | 601698 | China Satellite Comm | PairCorr |
Moving against Kunwu Stock
| 0.75 | 601398 | Industrial and Commercial | PairCorr |
| 0.58 | 688256 | Cambricon Technologies | PairCorr |
| 0.57 | 601939 | China Construction Bank | PairCorr |
| 0.49 | 601169 | Bank of Beijing Co Ltd | PairCorr |
| 0.42 | 600941 | China Mobile Limited | PairCorr |
| 0.41 | 603259 | WuXi AppTec | PairCorr |
| 0.39 | 002967 | Grg Metrology | PairCorr |
| 0.38 | 688159 | Shenzhen Neoway Tech | PairCorr |
| 0.34 | 603636 | Linewell Software | PairCorr |
| 0.31 | 600368 | Guangxi Wuzhou Commu | PairCorr |
Related Correlations Analysis
| 0.64 | 0.22 | 0.24 | 0.77 | 0.06 | 0.27 | 600757 | ||
| 0.64 | 0.76 | 0.73 | 0.87 | 0.67 | 0.71 | 000719 | ||
| 0.22 | 0.76 | 0.83 | 0.56 | 0.9 | 0.78 | 601929 | ||
| 0.24 | 0.73 | 0.83 | 0.54 | 0.87 | 0.83 | 605089 | ||
| 0.77 | 0.87 | 0.56 | 0.54 | 0.41 | 0.56 | 601019 | ||
| 0.06 | 0.67 | 0.9 | 0.87 | 0.41 | 0.79 | 000793 | ||
| 0.27 | 0.71 | 0.78 | 0.83 | 0.56 | 0.79 | 002702 | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 600757 | 1.31 | (0.10) | 0.00 | 0.56 | 0.00 | 2.79 | 11.47 | |||
| 000719 | 1.22 | (0.11) | 0.00 | 2.01 | 0.00 | 2.40 | 12.87 | |||
| 601929 | 3.29 | 0.22 | 0.06 | (0.27) | 4.03 | 9.95 | 20.46 | |||
| 605089 | 2.49 | 0.20 | 0.07 | (0.92) | 3.21 | 6.16 | 17.28 | |||
| 601019 | 1.64 | (0.08) | 0.00 | (2.43) | 0.00 | 3.07 | 15.27 | |||
| 000793 | 3.75 | 0.26 | 0.06 | (0.48) | 4.29 | 9.90 | 20.05 | |||
| 002702 | 3.06 | 0.06 | 0.02 | (0.11) | 4.24 | 9.98 | 20.10 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kunwu Jiuding 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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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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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.