Shandong Sinoglory Correlations
| 603182 Stock | 12.20 0.10 0.81% |
The current 90-days correlation between Shandong Sinoglory Health and Montage Technology Co is 0.17 (i.e., Average diversification). The correlation of Shandong Sinoglory 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.
Shandong Sinoglory Correlation With Market
Good diversification
The correlation between Shandong Sinoglory Health and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shandong Sinoglory Health and DJI in the same portfolio, assuming nothing else is changed.
Shandong |
The ability to find closely correlated positions to Shandong Sinoglory could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shandong Sinoglory 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 Shandong Sinoglory - 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 Shandong Sinoglory Health to buy it.
Moving together with Shandong Stock
Moving against Shandong Stock
| 0.75 | 601857 | PetroChina | PairCorr |
| 0.73 | 600938 | CNOOC Limited | PairCorr |
| 0.73 | 603959 | Hunan Baili Engineering | PairCorr |
| 0.57 | 600941 | China Mobile Limited | PairCorr |
Related Correlations Analysis
| 0.31 | 0.36 | 0.7 | 0.51 | 0.67 | 0.34 | 600141 | ||
| 0.31 | 0.91 | 0.44 | 0.84 | 0.66 | 0.5 | 688008 | ||
| 0.36 | 0.91 | 0.43 | 0.82 | 0.64 | 0.46 | 688520 | ||
| 0.7 | 0.44 | 0.43 | 0.42 | 0.58 | 0.55 | 000524 | ||
| 0.51 | 0.84 | 0.82 | 0.42 | 0.73 | 0.44 | 002008 | ||
| 0.67 | 0.66 | 0.64 | 0.58 | 0.73 | 0.27 | 301190 | ||
| 0.34 | 0.5 | 0.46 | 0.55 | 0.44 | 0.27 | 002338 | ||
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Risk-Adjusted Indicators
There is a big difference between Shandong Stock performing well and Shandong Sinoglory 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 Shandong Sinoglory'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 600141 | 1.18 | 0.03 | 0.04 | (0.32) | 1.46 | 2.77 | 9.05 | |||
| 688008 | 2.45 | 0.26 | 0.10 | (1.58) | 2.90 | 4.73 | 17.58 | |||
| 688520 | 1.49 | 0.11 | 0.08 | (0.83) | 1.62 | 3.39 | 9.22 | |||
| 000524 | 1.18 | 0.08 | 0.06 | (0.55) | 1.78 | 2.40 | 8.55 | |||
| 002008 | 1.52 | 0.18 | 0.11 | 8.35 | 1.69 | 4.28 | 9.10 | |||
| 301190 | 1.95 | 0.58 | 0.30 | (1.19) | 1.49 | 5.27 | 12.83 | |||
| 002338 | 1.98 | 0.19 | 0.09 | (0.40) | 2.40 | 6.06 | 13.29 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shandong Sinoglory 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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Shandong Sinoglory Corporate Management
Elected by the shareholders, the Shandong Sinoglory's board of directors comprises two types of representatives: Shandong Sinoglory inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shandong. The board's role is to monitor Shandong Sinoglory's management team and ensure that shareholders' interests are well served. Shandong Sinoglory'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, Shandong Sinoglory's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lianfeng Cao | Deputy Manager | Profile | |
| Jijun Li | Deputy Manager | Profile | |
| Naiyu Li | Chief Officer | Profile | |
| Zhiguo An | Deputy Manager | Profile | |
| Zhao Zhang | Deputy Manager | Profile |