Orient Sec Correlations

600958 Stock

10.66 0.01 0.09%

The current 90-days correlation between Orient Sec and China Railway Group is -0.12 (i.e., Good diversification). The correlation of Orient Sec 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.

Orient Sec Correlation With Market

Good diversification

The correlation between Orient Sec Co and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orient Sec Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Orient Stock

0.7	601398	Industrial and Commercial	Pair Corr
0.75	601939	China Construction Bank	Pair Corr
0.76	601658	Postal Savings Bank	Pair Corr
0.66	601328	Bank of Communications	Pair Corr
0.87	601318	Ping An Insurance	Pair Corr
0.86	600036	China Merchants Bank	Pair Corr
0.73	601166	Industrial Bank	Pair Corr
0.79	601998	China Citic Bank	Pair Corr

Related Correlations Analysis

	600028	601857	601668	601390	601186	600941	601398	601628	601318	601939
600028		0.82	0.22	0.12	0.06	0.58	0.34	0.12	0.2	0.28	600028
601857	0.82		0.61	0.54	0.47	0.71	0.64	0.54	0.62	0.64	601857
601668	0.22	0.61		0.97	0.95	0.53	0.81	0.94	0.97	0.88	601668
601390	0.12	0.54	0.97		0.99	0.53	0.8	0.96	0.96	0.85	601390
601186	0.06	0.47	0.95	0.99		0.53	0.81	0.94	0.93	0.86	601186
600941	0.58	0.71	0.53	0.53	0.53		0.83	0.44	0.47	0.75	600941
601398	0.34	0.64	0.81	0.8	0.81	0.83		0.71	0.75	0.98	601398
601628	0.12	0.54	0.94	0.96	0.94	0.44	0.71		0.97	0.78	601628
601318	0.2	0.62	0.97	0.96	0.93	0.47	0.75	0.97		0.82	601318
601939	0.28	0.64	0.88	0.85	0.86	0.75	0.98	0.78	0.82		601939
	600028	601857	601668	601390	601186	600941	601398	601628	601318	601939

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Orient Stock performing well and Orient Sec 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 Orient Sec'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
600028	1.26	(0.04)	0.00	(0.19)	0.00	0.00	3.23	(3.15)	10.77
601857	1.33	0.10	0.02	(1.81)	1.98	(1.61)	3.55	(2.04)	17.17
601668	1.93	0.25	0.08	0.74	2.32	(2.15)	5.25	(3.67)	15.78
601390	1.87	0.31	0.12	2.12	2.01	(2.38)	5.32	(3.15)	17.45
601186	2.13	0.42	0.14	5.01	2.09	(2.52)	6.73	(3.87)	17.07
600941	1.06	0.13	0.07	1.08	1.03	(1.34)	3.09	(2.04)	8.38
601398	1.11	0.21	0.13	3.37	1.06	(1.45)	2.83	(2.29)	8.14
601628	2.14	0.32	0.10	0.72	2.58	(2.35)	6.42	(3.94)	20.00
601318	1.81	0.32	0.12	0.94	1.97	(2.18)	5.83	(2.88)	19.77
601939	1.17	0.25	0.13	2.44	1.24	(1.37)	3.32	(2.12)	8.64

Be your own money manager

Our tools can tell you how much better you can do entering a position in Orient Sec 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?

Run Equity Valuation Now

Equity Valuation

Check real value of public entities based on technical and fundamental data

All Next

Launch Module

Orient Sec Corporate Management

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

Bin Yang	Chief VP	Profile
CPA CPA	Joint Sec	Profile
Jiang Helei	Chief Officer	Profile
Da Lu	Chief Officer	Profile
Wenjie Liu	Head Team	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC