Senci Electric Correlations

603109 Stock

15.65 0.23 1.49%

The current 90-days correlation between Senci Electric Machinery and China State Construction is 0.4 (i.e., Very weak diversification). The correlation of Senci Electric 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.

Senci Electric Correlation With Market

Good diversification

The correlation between Senci Electric Machinery and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Senci Electric Machinery and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Senci Stock

0.89	200468	Nanjing Putian Telec	Pair Corr
0.91	300391	Kangyue Technology	Pair Corr
0.94	600322	Tianjin Realty Devel	Pair Corr
0.87	300301	Shenzhen Changfang Light	Pair Corr
0.93	000692	Shenyang Huitian Thermal	Pair Corr
0.89	300013	Jiangsu Xinning Modern	Pair Corr
0.91	600711	Chengtun Mining Group	Pair Corr
0.88	600399	Fushun Special Steel	Pair Corr
0.94	603180	Xiamen Goldenhome	Pair Corr
0.92	600459	Sino Platinum Metals	Pair Corr
0.92	601615	Ming Yang Smart	Pair Corr
0.94	600429	Beijing Sanyuan Foods	Pair Corr
0.93	300252	Kingsignal Technology	Pair Corr
0.95	600512	Tengda Construction	Pair Corr
0.88	002869	Shenzhen Genvict Tec	Pair Corr
0.85	301236	iSoftStone Information	Pair Corr
0.78	601111	Air China	Pair Corr
0.95	000555	Digital China Information	Pair Corr
0.95	002205	XinJiang GuoTong Pipeline	Pair Corr
0.88	603986	GigaDevice SemiconductorBei	Pair Corr
0.84	000617	CNPC Capital	Pair Corr
0.91	002371	NAURA Technology	Pair Corr
0.83	603236	Quectel Wireless Sol	Pair Corr
0.92	688203	Zhejiang HISUN Bioma	Pair Corr
0.94	000839	CITIC Guoan Information	Pair Corr
0.95	000100	TCL Corp	Pair Corr
0.94	600030	CITIC Securities	Pair Corr
0.7	688036	Shenzhen Transsion	Pair Corr
0.89	603008	Xilinmen Furniture	Pair Corr
0.88	688010	Fujian Forecam Optics	Pair Corr
0.77	300396	Dirui Industrial	Pair Corr
0.96	688019	Anji Microelectronics	Pair Corr
0.85	688298	Zhejiang Orient Gene	Pair Corr
0.92	000572	Haima Automobile	Pair Corr
0.85	002605	Shanghai Yaoji Playing	Pair Corr
0.9	900903	Dazhong Transportation	Pair Corr

Related Correlations Analysis

	601668	000002	001979	600325	600519	600153	300750
601668		0.91	0.86	0.92	0.88	0.9	0.85	601668
000002	0.91		0.93	0.98	0.88	0.97	0.91	000002
001979	0.86	0.93		0.95	0.83	0.94	0.9	001979
600325	0.92	0.98	0.95		0.89	0.97	0.92	600325
600519	0.88	0.88	0.83	0.89		0.86	0.84	600519
600153	0.9	0.97	0.94	0.97	0.86		0.95	600153
300750	0.85	0.91	0.9	0.92	0.84	0.95		300750
	601668	000002	001979	600325	600519	600153	300750

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Risk-Adjusted Indicators

There is a big difference between Senci Stock performing well and Senci Electric 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 Senci Electric'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
601668	2.11	0.06	0.00	0.22	2.56	(2.38)	5.25	(3.97)	15.78
000002	2.52	0.52	0.12	(3.20)	2.70	(2.83)	8.70	(3.84)	20.01
001979	2.53	0.45	0.10	1.97	3.12	(2.59)	4.99	(4.33)	19.96
600325	2.10	0.33	0.08	2.46	2.69	(2.32)	6.36	(3.51)	20.03
600519	1.68	0.09	0.01	0.30	1.86	(1.99)	6.55	(2.98)	16.71
600153	2.09	0.50	0.15	4.97	2.11	(2.49)	6.39	(3.19)	19.45
300750	2.71	0.66	0.16	(27.03)	3.09	(3.24)	7.94	(3.41)	33.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in Senci Electric 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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