Jinduicheng Molybdenum Correlations
| 601958 Stock | 10.21 0.17 1.69% |
The current 90-days correlation between Jinduicheng Molybdenum and Leyard Optoelectronic is -0.08 (i.e., Good diversification). The correlation of Jinduicheng Molybdenum 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.
Jinduicheng Molybdenum Correlation With Market
Good diversification
The correlation between Jinduicheng Molybdenum Co and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jinduicheng Molybdenum Co and DJI in the same portfolio, assuming nothing else is changed.
Jinduicheng |
The ability to find closely correlated positions to Jinduicheng Molybdenum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jinduicheng Molybdenum 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 Jinduicheng Molybdenum - 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 Jinduicheng Molybdenum Co to buy it.
Moving together with Jinduicheng Stock
| 0.77 | 601899 | Zijin Mining Group | PairCorr |
| 0.8 | 600309 | Wanhua Chemical Group | PairCorr |
| 0.72 | 600547 | Shandong Gold Mining | PairCorr |
| 0.72 | 600519 | Kweichow Moutai | PairCorr |
| 0.71 | 601628 | China Life Insurance | PairCorr |
Moving against Jinduicheng Stock
| 0.76 | 601988 | Bank of China | PairCorr |
| 0.68 | 601398 | Industrial and Commercial | PairCorr |
| 0.68 | 600941 | China Mobile Limited | PairCorr |
| 0.67 | 601288 | Agricultural Bank | PairCorr |
| 0.62 | 601939 | China Construction Bank | PairCorr |
| 0.56 | 600160 | Zhejiang Juhua | PairCorr |
| 0.36 | 600019 | Baoshan Iron Steel | PairCorr |
| 0.36 | 600608 | Shanghai Broadband | 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 Jinduicheng Stock performing well and Jinduicheng Molybdenum 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 Jinduicheng Molybdenum'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 300221 | 2.84 | (0.30) | 0.00 | (0.91) | 0.00 | 3.81 | 16.08 | |||
| 600753 | 3.09 | (0.08) | 0.00 | (0.19) | 0.00 | 6.14 | 18.26 | |||
| 300296 | 3.48 | 0.11 | 0.02 | (0.19) | 4.74 | 6.49 | 33.36 | |||
| 002156 | 3.09 | 0.20 | 0.05 | (0.52) | 3.43 | 9.99 | 19.93 | |||
| 601168 | 1.46 | (0.14) | 0.00 | 0.43 | 0.00 | 3.41 | 8.96 | |||
| 601969 | 1.85 | (0.19) | 0.00 | 0.87 | 0.00 | 4.26 | 14.22 | |||
| 603893 | 3.52 | 0.86 | 0.26 | 1.98 | 2.56 | 10.00 | 16.62 | |||
| 002119 | 3.01 | 0.41 | 0.11 | 13.49 | 3.33 | 6.98 | 16.54 |
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Jinduicheng Molybdenum Corporate Management
Elected by the shareholders, the Jinduicheng Molybdenum's board of directors comprises two types of representatives: Jinduicheng Molybdenum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jinduicheng. The board's role is to monitor Jinduicheng Molybdenum's management team and ensure that shareholders' interests are well served. Jinduicheng Molybdenum'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, Jinduicheng Molybdenum's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Xiaogang Yin | Deputy Mang | Profile | |
| Sibo | Deputy Manager | Profile | |
| Xiaoning Gao | Deputy Mang | Profile | |
| Zhe Li | Deputy Engineer | Profile | |
| Hui Li | Deputy Manager | Profile |