Vohringer Home Correlations

603226 Stock

6.63 0.38 5.42%

The current 90-days correlation between Vohringer Home Technology and Sihui Fuji Electronics is 0.41 (i.e., Very weak 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

Modest diversification

The correlation between Vohringer Home Technology and DJI is 0.2 (i.e., Modest 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

0.62	601899	Zijin Mining Group	Pair Corr
0.73	600019	Baoshan Iron Steel	Pair Corr
0.78	000708	CITIC Pacific Special	Pair Corr
0.64	601995	China International	Pair Corr
0.84	300842	Wuxi Dk Electronic	Pair Corr
0.91	688466	GreenTech Environmental	Pair Corr
0.84	002630	China Western Power	Pair Corr
0.78	001228	Yongtaiyun Chemical	Pair Corr
0.81	300674	Yusys Technologies	Pair Corr
0.85	688003	Suzhou TZTEK Technology	Pair Corr
0.86	688327	Cloudwalk Technology	Pair Corr
0.92	300007	Henan Hanwei Electronics	Pair Corr
0.87	300530	Hunan Lead Power	Pair Corr
0.89	300354	DongHua Testing Tech	Pair Corr
0.89	600036	China Merchants Bank	Pair Corr
0.92	301226	Changzhou Xiangming	Pair Corr
0.9	002250	Lianhe Chemical Tech	Pair Corr
0.75	002501	Jilin Liyuan Precision	Pair Corr
0.86	002194	Wuhan Fingu Electronic	Pair Corr

Moving against Vohringer Stock

0.7	601668	China State Construction	Pair Corr
0.6	001979	China Merchants Shekou	Pair Corr
0.32	603959	Hunan Baili Engineering	Pair Corr
0.31	002493	Rongsheng Petrochemical	Pair Corr

Related Correlations Analysis

	601068	603636	300852	002996	002295	688050	603995	605128
601068		0.1	0.09	0.55	0.48	-0.52	0.28	0.2	601068
603636	0.1		0.97	-0.01	0.66	0.13	0.54	0.76	603636
300852	0.09	0.97		0.08	0.72	0.15	0.59	0.78	300852
002996	0.55	-0.01	0.08		0.55	-0.1	0.63	0.2	002996
002295	0.48	0.66	0.72	0.55		-0.16	0.86	0.67	002295
688050	-0.52	0.13	0.15	-0.1	-0.16		0.03	-0.05	688050
603995	0.28	0.54	0.59	0.63	0.86	0.03		0.6	603995
605128	0.2	0.76	0.78	0.2	0.67	-0.05	0.6		605128
	601068	603636	300852	002996	002295	688050	603995	605128

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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

300852	+ 0.97	603636
603995	+ 0.86	002295
605128	+ 0.78	300852
605128	+ 0.76	603636
002295	+ 0.72	300852
605128	+ 0.67	002295

High negative correlations

688050	- 0.52	601068
688050	- 0.16	002295
688050	- 0.1	002996
605128	- 0.05	688050
002996	- 0.01	603636

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
601068	1.13	(0.05)	0.00	(0.46)	0.00	0.00	2.48	(2.33)	5.64
603636	2.53	0.29	0.10	(2.50)	3.01	(2.83)	9.96	(5.45)	17.88
300852	2.93	0.29	0.10	0.37	2.79	(3.85)	7.12	(5.24)	16.61
002996	1.35	0.11	0.08	(2.07)	1.58	(1.39)	2.63	(2.56)	6.51
002295	1.83	0.07	0.03	0.53	2.61	(1.80)	3.68	(4.02)	10.17
688050	1.71	0.11	0.08	(0.35)	1.76	(2.07)	4.51	(2.89)	10.54
603995	1.36	0.12	0.13	(0.54)	1.13	(1.87)	3.43	(2.09)	7.54
605128	1.81	0.14	0.08	(0.38)	2.05	(1.86)	3.58	(3.18)	15.38

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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