Jiangsu Phoenix Correlations
| 601928 Stock | 11.33 0.21 1.89% |
The current 90-days correlation between Jiangsu Phoenix Publ and G bits Network Technology is 0.46 (i.e., Very weak diversification). The correlation of Jiangsu Phoenix 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.
Jiangsu Phoenix Correlation With Market
Average diversification
The correlation between Jiangsu Phoenix Publishing and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jiangsu Phoenix Publishing and DJI in the same portfolio, assuming nothing else is changed.
Jiangsu |
The ability to find closely correlated positions to Jiangsu Phoenix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jiangsu Phoenix 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 Jiangsu Phoenix - 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 Jiangsu Phoenix Publishing to buy it.
Moving against Jiangsu Stock
| 0.55 | 688656 | HOB Biotech Group | PairCorr |
| 0.5 | 000995 | Gansu Huangtai Wine | PairCorr |
| 0.5 | 002371 | NAURA Technology | PairCorr |
| 0.49 | 001299 | Shaanxi Meineng Clean | PairCorr |
| 0.46 | 300364 | COL Digital Publishing | PairCorr |
Related Correlations Analysis
| 0.93 | 0.71 | 0.26 | 0.83 | 600519 | ||
| 0.93 | 0.73 | 0.36 | 0.85 | 300760 | ||
| 0.71 | 0.73 | 0.69 | 0.52 | 603444 | ||
| 0.26 | 0.36 | 0.69 | 0.06 | 688169 | ||
| 0.83 | 0.85 | 0.52 | 0.06 | 300750 | ||
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Risk-Adjusted Indicators
There is a big difference between Jiangsu Stock performing well and Jiangsu Phoenix 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 Jiangsu Phoenix'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 600519 | 1.64 | 0.08 | 0.01 | 0.28 | 1.86 | 6.55 | 16.71 | |||
| 300760 | 2.11 | 0.17 | 0.01 | (0.73) | 2.54 | 4.81 | 19.76 | |||
| 603444 | 2.62 | 0.23 | 0.05 | 0.84 | 3.17 | 5.75 | 18.75 | |||
| 688169 | 3.27 | 0.13 | 0.01 | 1.40 | 4.01 | 5.74 | 34.80 | |||
| 300750 | 2.73 | 0.68 | 0.16 | (3.98) | 3.05 | 7.94 | 33.42 |
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Our tools can tell you how much better you can do entering a position in Jiangsu Phoenix 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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Jiangsu Phoenix Corporate Management
Elected by the shareholders, the Jiangsu Phoenix's board of directors comprises two types of representatives: Jiangsu Phoenix inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jiangsu. The board's role is to monitor Jiangsu Phoenix's management team and ensure that shareholders' interests are well served. Jiangsu Phoenix'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, Jiangsu Phoenix's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Xiao Hu | Deputy Manager | Profile | |
| Jiangtao She | MD GM | Profile | |
| Jishu Song | Deputy Manager | Profile | |
| Min Chen | Chief Officer | Profile |