Ningbo Bird Correlations

600130 Stock

4.93 0.04 0.82%

The current 90-days correlation between Ningbo Bird and Eastern Communications Co is 0.19 (i.e., Average diversification). The correlation of Ningbo Bird 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.

Ningbo Bird Correlation With Market

Significant diversification

The correlation between Ningbo Bird Co and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ningbo Bird Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ningbo Bird could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ningbo Bird 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 Ningbo Bird - 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 Ningbo Bird Co to buy it.

Moving together with Ningbo Stock

0.9	601002	Gem Year Industrial	Pair Corr
0.75	603800	Suzhou Douson Drilling	Pair Corr
0.7	000995	Gansu Huangtai Wine	Pair Corr
0.71	600633	Zhejiang Daily Media	Pair Corr
0.78	001323	De Rucci Healthy	Pair Corr
0.63	603969	Tianjin Silvery Dragon	Pair Corr
0.81	000609	Beijing Mainstreets	Pair Corr
0.81	600084	Citic Guoan Wine	Pair Corr
0.82	600719	Dalian Thermal Power	Pair Corr
0.61	000963	Huadong Medicine	Pair Corr
0.93	600363	Jiangxi Lianchuang Opto	Pair Corr
0.66	301379	Techshine Electronics	Pair Corr
0.7	300221	Guangdong Silvere Sci	Pair Corr
0.64	600584	JCET Group	Pair Corr
0.62	002152	GRG Banking Equipment	Pair Corr
0.65	603103	Hengdian Entertainment	Pair Corr
0.81	603659	Shanghai Putailai New	Pair Corr
0.72	601865	Flat Glass Group	Pair Corr
0.75	002065	Dhc Software	Pair Corr
0.69	605128	Shanghai Yanpu Metal	Pair Corr
0.73	000428	Huatian Hotel Group	Pair Corr
0.86	002295	Guangdong Jingyi Metal	Pair Corr

Moving against Ningbo Stock

0.31

603444

G bits Network

Pair Corr

Related Correlations Analysis

	601900	002929	900941	600006	300359	600498	601949
601900		0.72	0.75	0.83	0.76	0.67	0.79	601900
002929	0.72		0.63	0.62	0.53	0.73	0.39	002929
900941	0.75	0.63		0.73	0.89	0.86	0.69	900941
600006	0.83	0.62	0.73		0.71	0.71	0.8	600006
300359	0.76	0.53	0.89	0.71		0.73	0.67	300359
600498	0.67	0.73	0.86	0.71	0.73		0.56	600498
601949	0.79	0.39	0.69	0.8	0.67	0.56		601949
	601900	002929	900941	600006	300359	600498	601949

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Risk-Adjusted Indicators

There is a big difference between Ningbo Stock performing well and Ningbo Bird 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 Ningbo Bird'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
601900	2.61	0.35	0.09	(2.20)	3.28	(2.67)	6.43	(5.43)	17.72
002929	2.53	0.55	0.17	6.16	2.91	(2.88)	6.21	(4.46)	19.58
900941	1.94	0.34	0.09	1.13	1.88	(3.40)	5.26	(4.55)	12.89
600006	2.65	0.49	0.13	1.57	3.39	(2.80)	8.63	(5.24)	18.86
300359	3.37	0.52	0.09	1.72	4.80	(3.37)	5.90	(9.67)	32.54
600498	2.17	0.50	0.17	(2.66)	2.31	(2.36)	6.31	(4.17)	16.52
601949	2.72	0.47	0.10	(0.91)	3.64	(2.88)	7.37	(5.84)	20.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ningbo Bird 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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Ningbo Bird Corporate Executives

Elected by the shareholders, the Ningbo Bird's board of directors comprises two types of representatives: Ningbo Bird inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ningbo. The board's role is to monitor Ningbo Bird's management team and ensure that shareholders' interests are well served. Ningbo Bird'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, Ningbo Bird's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Jie Pu	CoFounder	Profile
	Xiguang Xu	CoFounder	Profile

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