Tianjin Capital Correlations
| 600874 Stock | 5.84 0.07 1.21% |
The current 90-days correlation between Tianjin Capital Envi and Agricultural Bank of is 0.27 (i.e., Modest diversification). The correlation of Tianjin Capital 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.
Tianjin Capital Correlation With Market
Good diversification
The correlation between Tianjin Capital Environmental and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tianjin Capital Environmental and DJI in the same portfolio, assuming nothing else is changed.
Tianjin |
The ability to find closely correlated positions to Tianjin Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tianjin Capital 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 Tianjin Capital - 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 Tianjin Capital Environmental to buy it.
Moving together with Tianjin Stock
| 0.73 | 601668 | China State Construction | PairCorr |
| 0.79 | 600048 | Poly Real Estate | PairCorr |
| 0.85 | 000002 | China Vanke | PairCorr |
| 0.63 | 001979 | China Merchants Shekou | PairCorr |
| 0.91 | 600325 | Huafa Industrial | PairCorr |
| 0.9 | 601995 | China International | PairCorr |
| 0.84 | 600519 | Kweichow Moutai | PairCorr |
| 0.66 | 600153 | Xiamen CD | PairCorr |
| 0.85 | 600340 | China Fortune Land | PairCorr |
| 0.66 | 300578 | BizConf Telecom | PairCorr |
| 0.76 | 600386 | Beijing Bashi Media | PairCorr |
| 0.83 | 601698 | China Satellite Comm | PairCorr |
Moving against Tianjin Stock
| 0.52 | 688256 | Cambricon Technologies | PairCorr |
| 0.73 | 180101 | Bosera CMSK Industrial | PairCorr |
| 0.64 | 603306 | HMTNew Technical | PairCorr |
| 0.58 | 301439 | Weihai Honglin Electronic | PairCorr |
| 0.32 | 601169 | Bank of Beijing Co Ltd | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Tianjin Stock performing well and Tianjin Capital 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 Tianjin Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601288 | 0.90 | 0.10 | 0.07 | 10.71 | 1.24 | 2.20 | 7.85 | |||
| 601398 | 0.95 | 0.16 | 0.14 | (8.63) | 0.97 | 2.25 | 6.36 | |||
| 601988 | 0.93 | 0.12 | 0.10 | 10.31 | 1.00 | 2.09 | 5.28 | |||
| 601939 | 0.99 | 0.10 | 0.09 | 0.61 | 0.94 | 2.05 | 5.18 | |||
| 600036 | 0.90 | 0.13 | 0.11 | 0.63 | 1.10 | 2.00 | 6.25 | |||
| 601857 | 1.01 | (0.07) | 0.00 | 0.53 | 0.00 | 2.38 | 7.14 | |||
| 601166 | 0.87 | 0.15 | 0.13 | 0.44 | 0.96 | 1.66 | 4.63 | |||
| 600000 | 1.03 | 0.05 | 0.04 | 1.25 | 1.22 | 2.24 | 6.93 | |||
| 601628 | 1.38 | (0.17) | 0.00 | (0.42) | 0.00 | 2.47 | 8.85 | |||
| 601318 | 1.01 | (0.12) | 0.00 | (0.52) | 0.00 | 1.56 | 6.37 |
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Tianjin Capital Corporate Management
Elected by the shareholders, the Tianjin Capital's board of directors comprises two types of representatives: Tianjin Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tianjin. The board's role is to monitor Tianjin Capital's management team and ensure that shareholders' interests are well served. Tianjin Capital'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, Tianjin Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lipin Qi | Manager Department | Profile | |
| Yi Zhao | Deputy Mang | Profile | |
| Wanying Jing | Chief Accountant | Profile | |
| Yanhong Nie | Executive Accountant | Profile | |
| Bo Niu | Sec Economist | Profile |