Beken Corp Correlations

Stocks . China . 
Stock . Beken Corp
603068 Stock   34.77  0.91  2.69%   
The current 90-days correlation between Beken Corp and Industrial and Commercial is -0.16 (i.e., Good diversification). The correlation of Beken Corp 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.

Beken Corp Correlation With Market

Significant diversification

The correlation between Beken Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beken Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Beken Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beken Corp 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 Beken Corp - 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 Beken Corp to buy it.

Moving together with Beken Stock

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  0.85002575 Guangdong Qunxing ToysPairCorr
  0.76000428 Huatian Hotel GroupPairCorr
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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Beken Stock performing well and Beken Corp 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 Beken Corp'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
601398  1.09  0.25  0.18  3.08  1.01 
(1.43)
 2.83 
(1.71)
 8.14 
601288  1.02  0.18  0.11  1.44  1.25 
(1.11)
 2.20 
(1.89)
 7.78 
601939  1.11  0.26  0.16  1.80  1.16 
(1.32)
 3.32 
(1.93)
 8.64 
601988  1.00  0.19  0.14  1.27  0.97 
(1.27)
 2.67 
(1.98)
 7.70 
601658  1.34  0.28  0.15  1.71  1.32 
(1.62)
 3.49 
(2.23)
 9.13 
601328  1.31  0.21  0.13  4.52  1.24 
(1.56)
 3.26 
(2.12)
 10.82 
601318  1.80  0.35  0.14  1.10  1.95 
(2.18)
 5.83 
(2.88)
 19.77 
600036  1.56  0.37  0.17 (3.67) 1.76 
(1.79)
 4.65 
(2.56)
 13.83 
601166  1.38  0.25  0.12  1.73  1.50 
(1.52)
 3.84 
(2.41)
 12.07 
601998  1.49  0.26  0.11  3.45  1.81 
(1.63)
 3.02 
(2.37)
 13.33 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Beken Corp 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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Beken Corp Corporate Management

Elected by the shareholders, the Beken Corp's board of directors comprises two types of representatives: Beken Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Beken. The board's role is to monitor Beken Corp's management team and ensure that shareholders' interests are well served. Beken Corp'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, Beken Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Weifeng WangDeputy ManagerProfile
Guo DaweiDeputy ManagerProfile
Hongzhen WangAccounting SupervisorProfile
Xiuhui XuFinancial ControllerProfile
Lili LiBoard SecretaryProfile
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