China Marine Correlations

600764 Stock

29.14 0.89 2.96%

The current 90-days correlation between China Marine Information and Tianjin Pengling Rubber is 0.4 (i.e., Very weak diversification). The correlation of China Marine 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.

China Marine Correlation With Market

Good diversification

The correlation between China Marine Information and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Marine Information and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with China Stock

0.66	300841	Chengdu Kanghua Biol	Pair Corr
0.65	688137	Suzhou Novoprotein	Pair Corr
0.81	300364	COL Digital Publishing	Pair Corr
0.74	300917	Shenzhen SDG Service	Pair Corr
0.85	300433	Lens Technology	Pair Corr
0.86	603816	Jason Furniture	Pair Corr
0.85	000612	Jiaozuo Wanfang Aluminum	Pair Corr
0.65	301359	Dongnan Electronics	Pair Corr
0.64	300769	Shenzhen Dynanonic	Pair Corr
0.66	601881	China Galaxy Securities	Pair Corr
0.79	002340	GEM Co	Pair Corr
0.82	000988	Huagong Tech	Pair Corr
0.65	301190	Jiujiang Shanshui	Pair Corr
0.83	300322	Huizhou Speed Wireless	Pair Corr
0.73	300529	Jafron Biomedical	Pair Corr
0.63	600019	Baoshan Iron Steel	Pair Corr
0.62	002219	Hengkang Medical	Pair Corr
0.72	002847	Yankershop Food	Pair Corr
0.75	603799	Zhejiang Huayou Cobalt	Pair Corr
0.74	000878	Yunnan Copper	Pair Corr
0.69	301121	Chongqing VDL Electronics	Pair Corr
0.61	601969	Hainan Mining	Pair Corr

Related Correlations Analysis

	300375	002709	600449	000799	600255	301397	301059	300478
300375		0.78	0.87	0.91	0.42	0.89	0.84	0.87	300375
002709	0.78		0.83	0.89	0.53	0.87	0.79	0.87	002709
600449	0.87	0.83		0.85	0.62	0.81	0.92	0.86	600449
000799	0.91	0.89	0.85		0.52	0.93	0.83	0.86	000799
600255	0.42	0.53	0.62	0.52		0.54	0.63	0.48	600255
301397	0.89	0.87	0.81	0.93	0.54		0.82	0.89	301397
301059	0.84	0.79	0.92	0.83	0.63	0.82		0.84	301059
300478	0.87	0.87	0.86	0.86	0.48	0.89	0.84		300478
	300375	002709	600449	000799	600255	301397	301059	300478

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Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China Marine 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 China Marine'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
300375	2.49	0.40	0.09	2.00	3.49	(2.56)	4.07	(5.48)	27.97
002709	3.52	0.75	0.20	(4.46)	3.12	(4.36)	9.99	(4.97)	20.00
600449	2.42	0.65	0.17	(1.90)	2.93	(2.59)	6.14	(5.06)	17.78
000799	2.90	0.80	0.26	1.63	2.45	(3.47)	10.00	(3.94)	19.06
600255	3.24	1.37	0.34	(1.39)	2.94	(4.09)	9.95	(3.97)	20.05
301397	2.91	0.53	0.14	(1.54)	3.01	(3.30)	9.30	(5.20)	23.92
301059	3.27	0.81	0.19	(3.52)	3.40	(3.72)	10.05	(6.77)	28.11
300478	2.95	0.51	0.11	(2.97)	3.88	(3.35)	8.00	(8.59)	28.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in China Marine 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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China Marine Corporate Executives

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

Zhou Zhang

Deputy CFO

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