HUAQIN TECHNOLOGY Correlations
| 603296 Stock | 63.31 0.54 0.85% |
The current 90-days correlation between HUAQIN TECHNOLOGY LTD and Sharetronic Data Technology is 0.61 (i.e., Poor diversification). The correlation of HUAQIN TECHNOLOGY 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.
HUAQIN TECHNOLOGY Correlation With Market
Significant diversification
The correlation between HUAQIN TECHNOLOGY LTD and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HUAQIN TECHNOLOGY LTD and DJI in the same portfolio, assuming nothing else is changed.
HUAQIN |
The ability to find closely correlated positions to HUAQIN TECHNOLOGY could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HUAQIN TECHNOLOGY 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 HUAQIN TECHNOLOGY - 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 HUAQIN TECHNOLOGY LTD to buy it.
Moving together with HUAQIN Stock
| 0.9 | 300866 | Anker Innovations | PairCorr |
| 0.85 | 688475 | Hangzhou EZVIZ Network | PairCorr |
| 0.96 | 300857 | Sharetronic Data Tec | PairCorr |
| 0.77 | 603327 | Sichuan Furong Technology | PairCorr |
| 0.86 | 600268 | Guodian Nanjing Auto | PairCorr |
| 0.87 | 001314 | Emdoor Information | PairCorr |
| 0.88 | 000909 | Soyea Technology | PairCorr |
| 0.69 | 002594 | BYD Co | PairCorr |
| 0.66 | 601288 | Agricultural Bank | PairCorr |
| 0.75 | 601398 | Industrial and Commercial | PairCorr |
| 0.83 | 601668 | China State Construction | PairCorr |
| 0.8 | 601939 | China Construction Bank | PairCorr |
| 0.69 | 601988 | Bank of China | PairCorr |
| 0.88 | 601390 | China Railway Group | PairCorr |
| 0.75 | 688656 | HOB Biotech Group | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between HUAQIN Stock performing well and HUAQIN TECHNOLOGY 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 HUAQIN TECHNOLOGY'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 300857 | 4.03 | 1.05 | 0.28 | 1.37 | 2.86 | 11.83 | 31.05 | |||
| 001314 | 2.49 | 0.49 | 0.10 | (0.92) | 3.04 | 4.99 | 18.94 | |||
| 000909 | 2.25 | 0.83 | 0.21 | (2.96) | 2.54 | 5.01 | 10.15 | |||
| 600898 | 3.21 | 0.45 | 0.09 | (72.85) | 3.30 | 5.16 | 10.41 |
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Our tools can tell you how much better you can do entering a position in HUAQIN TECHNOLOGY 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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HUAQIN TECHNOLOGY Corporate Management
Elected by the shareholders, the HUAQIN TECHNOLOGY's board of directors comprises two types of representatives: HUAQIN TECHNOLOGY inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HUAQIN. The board's role is to monitor HUAQIN TECHNOLOGY's management team and ensure that shareholders' interests are well served. HUAQIN TECHNOLOGY'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, HUAQIN TECHNOLOGY's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wensheng Qiu | GM Board | Profile | |
| Ling Zhang | Board Secretary | Profile | |
| Haoran Liao | Deputy Manager | Profile | |
| Zongxin Zou | Deputy Manager | Profile | |
| Ming Lian | Deputy Manager | Profile |