Sunny Loan Correlations

600830 Stock

11.66 0.14 1.22%

The current 90-days correlation between Sunny Loan Top and Hunan Investment Group is 0.4 (i.e., Very weak diversification). The correlation of Sunny Loan 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.

Sunny Loan Correlation With Market

Good diversification

The correlation between Sunny Loan Top and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunny Loan Top and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sunny Stock

0.76	601398	Industrial and Commercial	Pair Corr
0.84	600519	Kweichow Moutai	Pair Corr
0.64	601288	Agricultural Bank	Pair Corr
0.8	601939	China Construction Bank	Pair Corr
0.9	300750	Contemporary Amperex	Pair Corr
0.94	601628	China Life Insurance	Pair Corr
0.89	600036	China Merchants Bank	Pair Corr
0.81	002371	NAURA Technology	Pair Corr

Related Correlations Analysis

	000548	600901	000609	002966	600715	000596	600053	600462
000548		0.67	0.72	0.82	0.74	0.69	0.77	0.28	000548
600901	0.67		0.38	0.88	0.49	0.9	0.89	-0.19	600901
000609	0.72	0.38		0.42	0.92	0.55	0.51	0.57	000609
002966	0.82	0.88	0.42		0.51	0.8	0.81	-0.1	002966
600715	0.74	0.49	0.92	0.51		0.58	0.57	0.5	600715
000596	0.69	0.9	0.55	0.8	0.58		0.84	-0.03	000596
600053	0.77	0.89	0.51	0.81	0.57	0.84		-0.05	600053
600462	0.28	-0.19	0.57	-0.1	0.5	-0.03	-0.05		600462
	000548	600901	000609	002966	600715	000596	600053	600462

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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

600715	+ 0.92	000609
000596	+ 0.9	600901
600053	+ 0.89	600901
002966	+ 0.88	600901
600053	+ 0.84	000596
002966	+ 0.82	000548

High negative correlations

600462	- 0.19	600901
600462	- 0.1	002966
600462	- 0.05	600053
600462	- 0.03	000596

Risk-Adjusted Indicators

There is a big difference between Sunny Stock performing well and Sunny Loan 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 Sunny Loan'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
000548	2.16	0.64	0.18	16.27	2.34	(2.54)	7.00	(2.68)	19.83
600901	1.54	0.19	0.03	1.48	2.22	(1.63)	3.47	(3.32)	18.16
000609	2.81	0.48	0.10	(1.44)	2.93	(3.34)	5.17	(5.10)	10.31
002966	1.44	0.21	0.05	3.51	1.74	(1.66)	3.75	(2.72)	11.81
600715	2.57	0.54	0.13	(2.77)	2.66	(2.75)	5.09	(4.79)	10.24
000596	2.62	0.27	0.06	0.84	2.79	(3.00)	9.98	(4.31)	20.00
600053	3.06	0.53	0.12	1.35	3.31	(3.63)	8.78	(6.06)	19.97
600462	2.53	0.26	0.06	0.77	2.85	(2.77)	5.22	(5.00)	10.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sunny Loan 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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Sunny Loan Corporate Management

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

Xiaowei Li	VP	Profile
Jing Qian	Secretary Board	Profile
Cheng Shen	Chief GM	Profile
Zheng Liu	Deputy Mang	Profile
Xianzhi Sheng	Chief Officer	Profile

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