Gansu Jiu Correlations
| 600307 Stock | 1.52 0.01 0.65% |
The current 90-days correlation between Gansu Jiu Steel and Chengdu Xinzhu RoadBridge is 0.29 (i.e., Modest diversification). The correlation of Gansu Jiu 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.
Gansu Jiu Correlation With Market
Significant diversification
The correlation between Gansu Jiu Steel and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gansu Jiu Steel and DJI in the same portfolio, assuming nothing else is changed.
Gansu |
The ability to find closely correlated positions to Gansu Jiu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gansu Jiu 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 Gansu Jiu - 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 Gansu Jiu Steel to buy it.
Moving together with Gansu Stock
| 0.86 | 600309 | Wanhua Chemical Group | PairCorr |
| 0.88 | 002493 | Rongsheng Petrochemical | PairCorr |
| 0.91 | 600010 | Inner Mongolia BaoTou | PairCorr |
| 0.65 | 002460 | Jiangxi Ganfeng Lithium | PairCorr |
| 0.86 | 603260 | Hoshine Silicon Ind | PairCorr |
Moving against Gansu Stock
| 0.75 | 600160 | Zhejiang Juhua | PairCorr |
| 0.69 | 600000 | Shanghai Pudong Deve | PairCorr |
| 0.58 | 601166 | Industrial Bank Earnings Call This Week | PairCorr |
| 0.49 | 601988 | Bank of China Limited Earnings Call This Week | PairCorr |
| 0.45 | 601398 | Industrial and Commercial Earnings Call Tomorrow | PairCorr |
| 0.45 | 600036 | China Merchants Bank | PairCorr |
| 0.33 | 601899 | Zijin Mining Group | PairCorr |
Related Correlations Analysis
| -0.09 | 0.58 | 0.4 | 0.43 | 0.09 | 002480 | ||
| -0.09 | 0.36 | 0.08 | -0.42 | 0.52 | 600633 | ||
| 0.58 | 0.36 | 0.52 | 0.2 | 0.3 | 002813 | ||
| 0.4 | 0.08 | 0.52 | 0.34 | 0.19 | 002905 | ||
| 0.43 | -0.42 | 0.2 | 0.34 | -0.35 | 603843 | ||
| 0.09 | 0.52 | 0.3 | 0.19 | -0.35 | 002249 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Gansu Stock performing well and Gansu Jiu 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 Gansu Jiu'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 002480 | 2.55 | (0.09) | 0.00 | 0.10 | 0.00 | 5.22 | 14.39 | |||
| 600633 | 3.29 | 0.41 | 0.12 | 14.79 | 3.72 | 10.03 | 20.06 | |||
| 002813 | 1.68 | (0.20) | 0.00 | (1.77) | 0.00 | 4.20 | 11.97 | |||
| 002905 | 3.40 | (0.02) | 0.00 | (0.13) | 0.00 | 10.05 | 20.11 | |||
| 603843 | 2.68 | 0.07 | 0.03 | 0.07 | 3.21 | 7.60 | 16.84 | |||
| 002249 | 1.89 | 0.32 | 0.17 | 5.39 | 1.94 | 5.31 | 10.55 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Gansu Jiu 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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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Gansu Jiu Corporate Management
Elected by the shareholders, the Gansu Jiu's board of directors comprises two types of representatives: Gansu Jiu inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gansu. The board's role is to monitor Gansu Jiu's management team and ensure that shareholders' interests are well served. Gansu Jiu'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, Gansu Jiu's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Qingxian Jia | Deputy Manager | Profile | |
| Zhang Lei | Deputy Manager | Profile | |
| Yong Wang | Deputy Manager | Profile | |
| Jiasheng Wang | Deputy Mang | Profile |