Wintime Energy Correlations

Stocks China . 
Stock . Wintime Energy Co
600157 Stock   1.83  0.01  0.55%   
The current 90-days correlation between Wintime Energy and Shanghai Construction Group is 0.79 (i.e., Poor diversification). The correlation of Wintime Energy 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.

Wintime Energy Correlation With Market

Very good diversification

The correlation between Wintime Energy Co and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wintime Energy Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Wintime Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wintime Energy 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 Wintime Energy - 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 Wintime Energy Co to buy it.

Moving together with Wintime Stock

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  0.95600170 Shanghai ConstructionPairCorr
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Moving against Wintime Stock

  0.62603993 China MolybdenumPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Wintime Stock performing well and Wintime Energy 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 Wintime Energy'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
002443  1.79  0.26  0.09 (0.43) 2.15 
(1.94)
 3.82 
(3.68)
 14.84 
002998  2.15  0.41  0.12  3.22  2.71 
(2.11)
 4.48 
(5.30)
 15.46 
600170  2.29  0.56  0.20 (1.90) 2.15 
(2.76)
 5.34 
(3.11)
 18.70 
603610  2.56  0.75  0.21 (0.94) 2.66 
(2.77)
 8.16 
(4.47)
 17.29 
600079  2.02  0.62  0.31  6.22  1.54 
(2.53)
 6.09 
(3.50)
 14.44 
002121  2.82  0.51  0.14 (0.70) 3.04 
(3.06)
 6.42 
(5.13)
 18.76 
601939  1.14  0.29  0.18  1.70  1.15 
(1.37)
 3.32 
(1.93)
 8.64 
601998  1.53  0.26  0.11  2.30  1.82 
(1.75)
 3.02 
(2.37)
 13.33 
300378  3.95  0.84  0.17 (1.53) 4.23 
(4.52)
 9.57 
(7.63)
 31.26 
600104  2.93  0.85  0.24 (2.45) 2.91 
(3.46)
 8.08 
(5.71)
 19.97 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wintime Energy 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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Wintime Energy Corporate Management

Elected by the shareholders, the Wintime Energy's board of directors comprises two types of representatives: Wintime Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Wintime. The board's role is to monitor Wintime Energy's management team and ensure that shareholders' interests are well served. Wintime Energy'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, Wintime Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Guang LiDeputy ManagerProfile
Mingjie LiuDeputy ManagerProfile
Guang WangChairman ControllerProfile
Sheng ChangVice GMProfile
Jiying ZhangDeputy MangProfile
Pei XuEx ChairmanProfile
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