Zhangjiagang Freetrade Correlations
| 600794 Stock | 3.47 0.08 2.25% |
The current 90-days correlation between Zhangjiagang Freetrade and Jinyu Bio Technology Co is 0.44 (i.e., Very weak diversification). The correlation of Zhangjiagang Freetrade 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.
Zhangjiagang |
The ability to find closely correlated positions to Zhangjiagang Freetrade could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhangjiagang Freetrade 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 Zhangjiagang Freetrade - 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 Zhangjiagang Freetrade Science to buy it.
Moving against Zhangjiagang Stock
| 0.43 | 603269 | Jiangsu Seagull Cooling | PairCorr |
| 0.37 | 603683 | Shanghai Smith Adhesive | PairCorr |
| 0.31 | 600036 | China Merchants Bank | PairCorr |
| 0.42 | 000506 | Zhongrun Resources | PairCorr |
| 0.37 | 603416 | WuXi Xinje Electric | PairCorr |
| 0.33 | 002250 | Lianhe Chemical Tech | PairCorr |
| 0.32 | 688668 | Dongguan Dingtong | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Zhangjiagang Stock performing well and Zhangjiagang Freetrade 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 Zhangjiagang Freetrade'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 600201 | 1.29 | 0.03 | 0.06 | (0.13) | 1.59 | 3.07 | 12.00 | |||
| 300565 | 2.83 | (0.13) | 0.00 | 0.09 | 0.00 | 4.95 | 25.49 | |||
| 002990 | 3.10 | 0.28 | 0.09 | 0.43 | 3.30 | 9.99 | 18.10 | |||
| 002231 | 2.15 | (0.37) | 0.00 | (3.10) | 0.00 | 3.38 | 11.97 | |||
| 300597 | 1.74 | (0.07) | 0.00 | 0.89 | 0.00 | 3.90 | 12.54 | |||
| 000909 | 1.92 | (0.18) | 0.00 | (3.04) | 0.00 | 3.96 | 8.89 | |||
| 301190 | 1.97 | 0.55 | 0.31 | (1.41) | 1.51 | 5.27 | 12.83 | |||
| 688683 | 1.66 | 0.04 | 0.04 | 0.27 | 1.90 | 4.14 | 10.96 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Zhangjiagang Freetrade 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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Zhangjiagang Freetrade Corporate Management
Elected by the shareholders, the Zhangjiagang Freetrade's board of directors comprises two types of representatives: Zhangjiagang Freetrade inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zhangjiagang. The board's role is to monitor Zhangjiagang Freetrade's management team and ensure that shareholders' interests are well served. Zhangjiagang Freetrade'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, Zhangjiagang Freetrade's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Fuxing Gao | VP | Profile | |
| Jian Zhu | VP | Profile | |
| Ben Wang | VP | Profile | |
| Xiong Huang | Deputy Mang | Profile | |
| Leqing Chang | Board Secretary | Profile |