Fushun Special Correlations

600399 Stock   5.47  0.16  2.84%   
The current 90-days correlation between Fushun Special Steel and Beijing Yanjing Brewery is 0.22 (i.e., Modest diversification). The correlation of Fushun Special 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.

Fushun Special Correlation With Market

Good diversification

The correlation between Fushun Special Steel and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fushun Special Steel and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Fushun Special could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fushun Special 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 Fushun Special - 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 Fushun Special Steel to buy it.

Moving together with Fushun Stock

  0.9600309 Wanhua Chemical GroupPairCorr
  0.95002493 Rongsheng PetrochemicalPairCorr
  0.66600010 Inner Mongolia BaoTouPairCorr
  0.79002460 Jiangxi Ganfeng LithiumPairCorr
  0.91603260 Hoshine Silicon IndPairCorr

Moving against Fushun Stock

  0.74601988 Bank of China LimitedPairCorr
  0.68600160 Zhejiang JuhuaPairCorr
  0.54601288 Agricultural BankPairCorr
  0.5000807 Yunnan AluminiumPairCorr
  0.44601899 Zijin Mining GroupPairCorr
  0.41601398 Industrial and CommercialPairCorr
  0.39600547 Shandong Gold MiningPairCorr
  0.34600036 China Merchants BankPairCorr

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   
300503603219
180101603219
180101300503
180101000729
600600000729
600600600019
  
High negative correlations   
180101600600
601003000729
600600603219
600600300503
180101601003
180101600019

Risk-Adjusted Indicators

There is a big difference between Fushun Stock performing well and Fushun Special 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 Fushun Special'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fushun Special 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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Fushun Special Corporate Management

Elected by the shareholders, the Fushun Special's board of directors comprises two types of representatives: Fushun Special inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fushun. The board's role is to monitor Fushun Special's management team and ensure that shareholders' interests are well served. Fushun Special'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, Fushun Special's outside directors are responsible for providing unbiased perspectives on the board's policies.
Liguo SunGeneral ManagerProfile
Desheng KongSecProfile
Yong QiBoard GMProfile
Ming ZhaoHead SupervisorProfile
Chang GuoDeputy SupervisorProfile
Wang YongChief OfficerProfile