China Yangtze Correlations

600900 Stock

27.32 0.11 0.40%

The current 90-days correlation between China Yangtze Power and Xian International Medical is -0.07 (i.e., Good diversification). The correlation of China Yangtze 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 Yangtze Correlation With Market

Significant diversification

The correlation between China Yangtze Power and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Yangtze Power and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to China Yangtze 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 Yangtze 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 Yangtze - 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 Yangtze Power to buy it.

Related Correlations Analysis

	000516	000698	301087	002219	000420	600470	300054	600722
000516		0.93	0.94	0.96	0.87	0.72	0.95	0.93	000516
000698	0.93		0.86	0.89	0.93	0.87	0.87	0.99	000698
301087	0.94	0.86		0.93	0.85	0.62	0.95	0.88	301087
002219	0.96	0.89	0.93		0.85	0.64	0.97	0.88	002219
000420	0.87	0.93	0.85	0.85		0.71	0.85	0.92	000420
600470	0.72	0.87	0.62	0.64	0.71		0.63	0.88	600470
300054	0.95	0.87	0.95	0.97	0.85	0.63		0.88	300054
600722	0.93	0.99	0.88	0.88	0.92	0.88	0.88		600722
	000516	000698	301087	002219	000420	600470	300054	600722

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Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China Yangtze 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 Yangtze'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
000516	2.95	0.62	0.17	2.58	2.68	(3.47)	9.98	(4.94)	17.24
000698	2.16	0.57	0.15	(1.73)	2.43	(2.58)	6.79	(3.45)	17.32
301087	2.25	0.36	0.08	7.39	2.45	(2.51)	7.46	(4.62)	22.97
002219	2.95	0.69	0.18	1.37	2.81	(3.36)	9.88	(5.43)	18.08
000420	2.43	0.47	0.08	(0.57)	2.66	(2.75)	5.02	(4.58)	17.21
600470	2.96	0.71	0.15	(4.25)	3.10	(3.62)	10.00	(6.39)	20.12
300054	2.51	0.61	0.19	(5.30)	2.13	(3.15)	5.69	(4.25)	22.72
600722	1.93	0.56	0.14	(1.11)	2.37	(2.17)	4.37	(3.16)	18.79

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Our tools can tell you how much better you can do entering a position in China Yangtze 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 Yangtze Corporate Management

Elected by the shareholders, the China Yangtze's board of directors comprises two types of representatives: China Yangtze 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 Yangtze's management team and ensure that shareholders' interests are well served. China Yangtze'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 Yangtze's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jing Pan	General Officer	Profile
Pingyuan Zhan	Chief Officer	Profile
Yichuan Ran	Chief GM	Profile
Jun Xie	Deputy Manager	Profile
Gao Zhen	Securities Representative	Profile
Ning Xue	Board Secretary	Profile
Xingliao Zhang	GM Director	Profile

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