Guizhou BroadcastingTV Correlations
| 600996 Stock | 9.82 0.02 0.20% |
The current 90-days correlation between Guizhou BroadcastingTV and Shanghai Xinhua Media is 0.57 (i.e., Very weak diversification). The correlation of Guizhou BroadcastingTV 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.
Guizhou BroadcastingTV Correlation With Market
Significant diversification
The correlation between Guizhou BroadcastingTV Info and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guizhou BroadcastingTV Info and DJI in the same portfolio, assuming nothing else is changed.
Guizhou |
The ability to find closely correlated positions to Guizhou BroadcastingTV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guizhou BroadcastingTV 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 Guizhou BroadcastingTV - 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 Guizhou BroadcastingTV Info to buy it.
Moving together with Guizhou Stock
| 0.76 | 600519 | Kweichow Moutai | PairCorr |
| 0.85 | 601318 | Ping An Insurance | PairCorr |
| 0.72 | 600000 | Shanghai Pudong Deve | PairCorr |
| 0.8 | 600016 | China Minsheng Banking | PairCorr |
| 0.91 | 300750 | Contemporary Amperex | PairCorr |
| 0.66 | 601998 | China Citic Bank | PairCorr |
| 0.96 | 000839 | CITIC Guoan Information | PairCorr |
Moving against Guizhou Stock
Related Correlations Analysis
| 0.84 | 0.78 | 0.84 | 0.84 | 0.85 | 600825 | ||
| 0.84 | 0.81 | 0.89 | 0.89 | 0.91 | 600229 | ||
| 0.78 | 0.81 | 0.97 | 0.68 | 0.85 | 605577 | ||
| 0.84 | 0.89 | 0.97 | 0.75 | 0.93 | 002905 | ||
| 0.84 | 0.89 | 0.68 | 0.75 | 0.75 | 601628 | ||
| 0.85 | 0.91 | 0.85 | 0.93 | 0.75 | 001300 | ||
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Risk-Adjusted Indicators
There is a big difference between Guizhou Stock performing well and Guizhou BroadcastingTV 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 Guizhou BroadcastingTV'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 600825 | 3.35 | 1.07 | 0.22 | (6.26) | 3.37 | 10.02 | 20.02 | |||
| 600229 | 1.80 | 0.31 | 0.09 | 1.42 | 2.20 | 3.81 | 16.07 | |||
| 605577 | 2.52 | 0.45 | 0.09 | (1.96) | 3.10 | 4.29 | 18.18 | |||
| 002905 | 2.43 | 0.59 | 0.14 | (4.61) | 2.80 | 4.49 | 18.67 | |||
| 601628 | 2.05 | 0.44 | 0.14 | 1.04 | 2.34 | 6.42 | 20.00 | |||
| 001300 | 2.42 | 0.77 | 0.21 | 92.43 | 2.49 | 6.32 | 19.19 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Guizhou BroadcastingTV 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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Guizhou BroadcastingTV Corporate Management
Elected by the shareholders, the Guizhou BroadcastingTV's board of directors comprises two types of representatives: Guizhou BroadcastingTV inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Guizhou. The board's role is to monitor Guizhou BroadcastingTV's management team and ensure that shareholders' interests are well served. Guizhou BroadcastingTV'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, Guizhou BroadcastingTV's outside directors are responsible for providing unbiased perspectives on the board's policies.