Yunnan Yuntianhua Correlations

600096 Stock   21.24  0.09  0.43%   
The current 90-days correlation between Yunnan Yuntianhua and Yonghui Superstores Co is -0.04 (i.e., Good diversification). The correlation of Yunnan Yuntianhua 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.

Yunnan Yuntianhua Correlation With Market

Good diversification

The correlation between Yunnan Yuntianhua Co and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yunnan Yuntianhua Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Yunnan Yuntianhua could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yunnan Yuntianhua 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 Yunnan Yuntianhua - 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 Yunnan Yuntianhua Co to buy it.

Moving against Yunnan Stock

  0.63603583 Zhejiang Jiecang LinearPairCorr
  0.53688219 Orinko Advanced PlasticsPairCorr
  0.48300766 Zhejiang Merit InterPairCorr
  0.44508066 Huatai Tianjin HuataiPairCorr
  0.4002734 Limin ChemicalPairCorr
  0.39600036 China Merchants BankPairCorr
  0.39601166 Industrial BankPairCorr

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   
002054002476
002476300363
002054300363
688456688219
300363688219
688456300363
  
High negative correlations   
601933688219
688456601933
601933300363
002476688219

Risk-Adjusted Indicators

There is a big difference between Yunnan Stock performing well and Yunnan Yuntianhua 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 Yunnan Yuntianhua'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 Yunnan Yuntianhua 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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Yunnan Yuntianhua Corporate Management

Elected by the shareholders, the Yunnan Yuntianhua's board of directors comprises two types of representatives: Yunnan Yuntianhua inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yunnan. The board's role is to monitor Yunnan Yuntianhua's management team and ensure that shareholders' interests are well served. Yunnan Yuntianhua'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, Yunnan Yuntianhua's outside directors are responsible for providing unbiased perspectives on the board's policies.
Hong XiaoDeputy MangProfile
Lin ChenDeputy MangProfile
Zhang WuDeputy MangProfile
Shuxin DiDeputy ManagerProfile
Yong ShiDeputy ManagerProfile
Xuan YiDeputy MangProfile