BTG Hotels Correlations

600258 Stock   13.19  0.07  0.53%   
The current 90-days correlation between BTG Hotels Group and Harbin Hatou Investment is 0.35 (i.e., Weak diversification). The correlation of BTG Hotels 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.

BTG Hotels Correlation With Market

Good diversification

The correlation between BTG Hotels Group and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BTG Hotels Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to BTG Hotels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BTG Hotels 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 BTG Hotels - 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 BTG Hotels Group to buy it.

Moving together with BTG Stock

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  0.63601658 Postal Savings BankPairCorr

Moving against BTG Stock

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  0.68600036 China Merchants BankPairCorr
  0.48601398 Industrial and CommercialPairCorr
  0.41601988 Bank of China LimitedPairCorr
  0.41688393 Guangzhou LBP MedicinePairCorr
  0.77301439 Weihai Honglin ElectronicPairCorr
  0.56002967 Grg MetrologyPairCorr
  0.5603636 Linewell SoftwarePairCorr
  0.47688159 Shenzhen Neoway TechPairCorr
  0.46688256 Cambricon TechnologiesPairCorr
  0.43300001 Qingdao TGOOD ElectricPairCorr
  0.36603259 WuXi AppTecPairCorr

Related Correlations Analysis

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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   
600110300512
605259300512
601658600864
300022000506
000598600864
000598601658
  
High negative correlations   
000598000506
000598300022
600864000506
000598605259
601658000506
600110000506

Risk-Adjusted Indicators

There is a big difference between BTG Stock performing well and BTG Hotels 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 BTG Hotels' 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 BTG Hotels 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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BTG Hotels Corporate Management

Elected by the shareholders, the BTG Hotels' board of directors comprises two types of representatives: BTG Hotels inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BTG. The board's role is to monitor BTG Hotels' management team and ensure that shareholders' interests are well served. BTG Hotels' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BTG Hotels' outside directors are responsible for providing unbiased perspectives on the board's policies.
Jian SunGM MDProfile
Zhongpeng DuanDeputy SecretaryProfile
Bai ShengIn AccountingProfile
Xiaoming JiangDeputy ManagerProfile
Kai DongChief OfficerProfile
Yan HuoExecutive CounselProfile