Sinomach General Correlations
| 600444 Stock | 16.59 0.16 0.97% |
The current 90-days correlation between Sinomach General Mac and Tibet Huayu Mining is 0.43 (i.e., Very weak diversification). The correlation of Sinomach General 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.
Sinomach General Correlation With Market
Significant diversification
The correlation between Sinomach General Machinery and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sinomach General Machinery and DJI in the same portfolio, assuming nothing else is changed.
Sinomach |
The ability to find closely correlated positions to Sinomach General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sinomach General 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 Sinomach General - 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 Sinomach General Machinery to buy it.
Moving together with Sinomach Stock
| 0.83 | 600036 | China Merchants Bank | PairCorr |
| 0.69 | 601166 | Industrial Bank | PairCorr |
| 0.74 | 600000 | Shanghai Pudong Deve | PairCorr |
| 0.9 | 601628 | China Life Insurance | PairCorr |
| 0.88 | 601318 | Ping An Insurance | PairCorr |
| 0.96 | 600742 | Changchun Faway Auto | PairCorr |
| 0.92 | 002236 | Zhejiang Dahua Technology | PairCorr |
| 0.94 | 900957 | Shanghai Lingyun Ind | PairCorr |
Related Correlations Analysis
| 0.78 | 0.87 | 0.81 | 0.93 | 0.92 | 0.82 | 000628 | ||
| 0.78 | 0.79 | 0.91 | 0.89 | 0.9 | 0.75 | 601020 | ||
| 0.87 | 0.79 | 0.87 | 0.9 | 0.9 | 0.79 | 002318 | ||
| 0.81 | 0.91 | 0.87 | 0.89 | 0.91 | 0.75 | 002526 | ||
| 0.93 | 0.89 | 0.9 | 0.89 | 0.97 | 0.84 | 600711 | ||
| 0.92 | 0.9 | 0.9 | 0.91 | 0.97 | 0.83 | 002149 | ||
| 0.82 | 0.75 | 0.79 | 0.75 | 0.84 | 0.83 | 601717 | ||
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Risk-Adjusted Indicators
There is a big difference between Sinomach Stock performing well and Sinomach General 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 Sinomach General'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 000628 | 3.61 | 0.72 | 0.14 | 3.77 | 4.06 | 10.00 | 20.00 | |||
| 601020 | 2.89 | 0.53 | 0.07 | (0.35) | 3.20 | 6.30 | 19.28 | |||
| 002318 | 1.88 | 0.31 | 0.12 | 0.84 | 1.80 | 5.75 | 13.74 | |||
| 002526 | 2.77 | 0.83 | 0.22 | (2.03) | 2.57 | 8.75 | 18.60 | |||
| 600711 | 2.00 | 0.48 | 0.10 | (0.47) | 2.04 | 5.06 | 10.07 | |||
| 002149 | 2.51 | 0.52 | 0.13 | (0.87) | 2.27 | 6.50 | 15.58 | |||
| 601717 | 1.74 | 0.16 | 0.00 | (0.89) | 2.13 | 3.34 | 16.88 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sinomach General 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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Sinomach General Corporate Executives
Elected by the shareholders, the Sinomach General's board of directors comprises two types of representatives: Sinomach General inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sinomach. The board's role is to monitor Sinomach General's management team and ensure that shareholders' interests are well served. Sinomach General'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, Sinomach General's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Xuzhong Xu | CFO Supervisor | Profile |