Yunnan Yuntianhua Correlations

600096 Stock   22.46  0.11  0.49%   
The current 90-days correlation between Yunnan Yuntianhua and Gifore Agricultural Machinery is 0.52 (i.e., Very weak 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

Significant diversification

The correlation between Yunnan Yuntianhua Co and DJI is 0.03 (i.e., Significant 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 together with Yunnan Stock

  0.61601899 Zijin Mining GroupPairCorr
  0.85600019 Baoshan Iron SteelPairCorr
  0.76002493 Rongsheng PetrochemicalPairCorr
  0.63600010 Inner Mongolia BaoTouPairCorr
  0.75603260 Hoshine Silicon IndPairCorr
  0.78600160 Zhejiang JuhuaPairCorr
  0.9000807 Yunnan AluminiumPairCorr
  0.64601398 Industrial and CommercialPairCorr
  0.75601939 China Construction BankPairCorr
  0.79601658 Postal Savings BankPairCorr
  0.7601328 Bank of CommunicationsPairCorr
  0.94601318 Ping An InsurancePairCorr
  0.93600036 China Merchants BankPairCorr
  0.83601166 Industrial BankPairCorr
  0.73601998 China Citic BankPairCorr
  0.8002371 NAURA TechnologyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Did you try this?

Run Stock Screener Now

   

Stock Screener

Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
All  Next Launch Module

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