Vohringer Home Correlations

603226 Stock

6.05 0.15 2.54%

The current 90-days correlation between Vohringer Home Technology and Linktel Technologies Co is 0.28 (i.e., Modest diversification). The correlation of Vohringer Home 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.

Vohringer Home Correlation With Market

Average diversification

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

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

Moving together with Vohringer Stock

0.76	688013	Touchstone International	Pair Corr
0.76	300624	Wondershare Technology	Pair Corr
0.65	301439	Weihai Honglin Electronic	Pair Corr
0.63	000425	XCMG Construction	Pair Corr
0.7	300001	Qingdao TGOOD Electric	Pair Corr
0.75	301236	iSoftStone Information	Pair Corr
0.82	603636	Linewell Software	Pair Corr

Related Correlations Analysis

	301205	603919	002005	000799	002065	002625	300682
301205		-0.33	0.18	-0.37	0.63	0.44	0.19	301205
603919	-0.33		0.38	0.96	-0.21	-0.21	0.62	603919
002005	0.18	0.38		0.39	0.38	-0.06	0.62	002005
000799	-0.37	0.96	0.39		-0.24	-0.1	0.61	000799
002065	0.63	-0.21	0.38	-0.24		0.08	0.53	002065
002625	0.44	-0.21	-0.06	-0.1	0.08		-0.08	002625
300682	0.19	0.62	0.62	0.61	0.53	-0.08		300682
	301205	603919	002005	000799	002065	002625	300682

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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

000799	+ 0.96	603919
002065	+ 0.63	301205
300682	+ 0.62	603919
300682	+ 0.62	002005
300682	+ 0.61	000799
300682	+ 0.53	002065

High negative correlations

000799	- 0.37	301205
603919	- 0.33	301205
002065	- 0.24	000799
002625	- 0.21	603919
002065	- 0.21	603919
002625	- 0.1	000799

Risk-Adjusted Indicators

There is a big difference between Vohringer Stock performing well and Vohringer Home 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 Vohringer Home'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
301205	3.03	0.38	0.10	6.30	3.64	(3.40)	8.83	(5.71)	27.22
603919	1.24	(0.15)	0.00	(0.38)	0.00	0.00	2.31	(2.54)	7.83
002005	2.45	0.22	0.07	2.57	2.74	(2.75)	5.06	(4.82)	10.28
000799	1.88	(0.28)	0.00	(0.46)	0.00	0.00	3.63	(4.32)	10.82
002065	2.78	0.71	0.20	(1.74)	2.74	(3.37)	9.96	(4.85)	18.77
002625	2.10	0.24	0.08	0.45	2.83	(2.16)	5.46	(3.97)	16.31
300682	2.32	0.17	0.05	0.26	2.96	(2.36)	6.42	(5.49)	12.65

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vohringer Home 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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