Jinyu Bio Correlations

600201 Stock

7.01 0.07 1.01%

The current 90-days correlation between Jinyu Bio Technology and Jiangsu Pacific Quartz is 0.53 (i.e., Very weak diversification). The correlation of Jinyu Bio 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.

Jinyu Bio Correlation With Market

Good diversification

The correlation between Jinyu Bio Technology Co and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jinyu Bio Technology Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Jinyu Stock

0.85	601668	China State Construction	Pair Corr
0.87	600048	Poly Real Estate	Pair Corr
0.89	000002	China Vanke	Pair Corr
0.91	001979	China Merchants Shekou	Pair Corr
0.91	600325	Huafa Industrial	Pair Corr
0.92	601995	China International	Pair Corr
0.93	600519	Kweichow Moutai	Pair Corr
0.88	600153	Xiamen CD	Pair Corr
0.92	300750	Contemporary Amperex	Pair Corr
0.74	600340	China Fortune Land	Pair Corr

Related Correlations Analysis

	600519	300760	603688	603444	688036	688169	000568	000719	300750	000858
600519		0.92	0.89	0.72	0.84	0.31	0.96	0.69	0.84	0.95	600519
300760	0.92		0.94	0.77	0.86	0.4	0.93	0.72	0.9	0.94	300760
603688	0.89	0.94		0.68	0.8	0.27	0.95	0.61	0.96	0.96	603688
603444	0.72	0.77	0.68		0.79	0.69	0.65	0.88	0.65	0.68	603444
688036	0.84	0.86	0.8	0.79		0.47	0.83	0.65	0.78	0.84	688036
688169	0.31	0.4	0.27	0.69	0.47		0.21	0.66	0.19	0.24	688169
000568	0.96	0.93	0.95	0.65	0.83	0.21		0.6	0.94	0.99	000568
000719	0.69	0.72	0.61	0.88	0.65	0.66	0.6		0.62	0.64	000719
300750	0.84	0.9	0.96	0.65	0.78	0.19	0.94	0.62		0.95	300750
000858	0.95	0.94	0.96	0.68	0.84	0.24	0.99	0.64	0.95		000858
	600519	300760	603688	603444	688036	688169	000568	000719	300750	000858

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Risk-Adjusted Indicators

There is a big difference between Jinyu Stock performing well and Jinyu Bio 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 Jinyu Bio'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
600519	1.68	0.09	0.01	0.30	1.86	(1.99)	6.55	(2.98)	16.71
300760	2.30	0.13	0.02	0.51	2.73	(2.48)	9.90	(4.56)	19.76
603688	2.91	0.41	0.09	(73.86)	2.98	(3.30)	8.33	(4.74)	19.04
603444	2.66	0.26	0.06	0.66	3.15	(2.99)	5.21	(4.79)	18.75
688036	3.10	0.17	0.05	0.24	3.56	(3.71)	6.01	(4.99)	31.26
688169	3.37	0.20	0.03	0.78	4.11	(3.83)	6.51	(5.72)	34.80
000568	2.50	0.25	0.07	0.52	2.71	(2.97)	10.00	(4.82)	20.00
000719	1.82	0.17	0.02	60.33	2.43	(1.94)	3.75	(3.71)	16.97
300750	2.71	0.66	0.16	(27.03)	3.09	(3.24)	7.94	(3.41)	33.42
000858	2.31	0.28	0.09	0.65	2.34	(2.78)	7.27	(3.56)	19.98

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jinyu Bio 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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Jinyu Bio Corporate Executives

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

Min Peng

Secretary CFO

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