Shanxi Lanhua Correlations
| 600123 Stock | 7.61 0.09 1.17% |
The current 90-days correlation between Shanxi Lanhua Sci and Tongyu Communication is 0.33 (i.e., Weak diversification). The correlation of Shanxi Lanhua 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.
Shanxi Lanhua Correlation With Market
Good diversification
The correlation between Shanxi Lanhua Sci Tech and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shanxi Lanhua Sci Tech and DJI in the same portfolio, assuming nothing else is changed.
Shanxi |
The ability to find closely correlated positions to Shanxi Lanhua could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shanxi Lanhua 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 Shanxi Lanhua - 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 Shanxi Lanhua Sci Tech to buy it.
Moving together with Shanxi Stock
Moving against Shanxi Stock
| 0.9 | 180101 | Bosera CMSK Industrial | PairCorr |
| 0.79 | 600036 | China Merchants Bank | PairCorr |
| 0.62 | 601398 | Industrial and Commercial | PairCorr |
| 0.55 | 601988 | Bank of China Limited | PairCorr |
| 0.49 | 300001 | Qingdao TGOOD Electric | PairCorr |
| 0.32 | 601939 | China Construction Bank | PairCorr |
| 0.32 | 601288 | Agricultural Bank | PairCorr |
| 0.83 | 603306 | HMTNew Technical | PairCorr |
| 0.81 | 301439 | Weihai Honglin Electronic | PairCorr |
| 0.63 | 002967 | Grg Metrology | PairCorr |
| 0.55 | 688256 | Cambricon Technologies | PairCorr |
| 0.51 | 688159 | Shenzhen Neoway Tech | PairCorr |
| 0.49 | 603636 | Linewell Software | PairCorr |
| 0.46 | 603259 | WuXi AppTec | PairCorr |
| 0.42 | 688393 | Guangzhou LBP Medicine | 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 Shanxi Stock performing well and Shanxi Lanhua 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 Shanxi Lanhua'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 900903 | 1.09 | (0.17) | 0.00 | (13.19) | 0.00 | 4.55 | 8.89 | |||
| 601600 | 1.34 | (0.11) | 0.00 | (0.60) | 0.00 | 2.74 | 8.51 | |||
| 605299 | 2.66 | 0.21 | 0.08 | (4.55) | 3.09 | 6.15 | 16.85 | |||
| 300732 | 1.78 | (0.09) | 0.00 | (0.48) | 0.00 | 3.18 | 9.95 | |||
| 002148 | 3.21 | 0.27 | 0.10 | (0.28) | 3.80 | 9.97 | 19.99 | |||
| 002792 | 2.10 | (0.31) | 0.00 | (2.69) | 0.00 | 3.72 | 12.12 | |||
| 002929 | 3.48 | 1.06 | 0.31 | (2.38) | 3.12 | 10.00 | 18.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shanxi Lanhua 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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Shanxi Lanhua Corporate Management
Elected by the shareholders, the Shanxi Lanhua's board of directors comprises two types of representatives: Shanxi Lanhua inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shanxi. The board's role is to monitor Shanxi Lanhua's management team and ensure that shareholders' interests are well served. Shanxi Lanhua'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, Shanxi Lanhua's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yi Sui | Chief Engineer | Profile | |
| Jian Li | Deputy Mang | Profile | |
| Yong Zhao | Chief Economist | Profile | |
| Haibing Yang | General Counsel | Profile | |
| Pengxing Guo | Deputy Mang | Profile | |
| Xiang Zhang | Deputy Mang | Profile |