Anhui Transport Correlations
| 603357 Stock | 9.72 0.11 1.14% |
The current 90-days correlation between Anhui Transport Cons and Industrial and Commercial is 0.17 (i.e., Average diversification). The correlation of Anhui Transport 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.
Anhui Transport Correlation With Market
Significant diversification
The correlation between Anhui Transport Consulting and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anhui Transport Consulting and DJI in the same portfolio, assuming nothing else is changed.
Anhui |
The ability to find closely correlated positions to Anhui Transport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anhui Transport 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 Anhui Transport - 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 Anhui Transport Consulting to buy it.
Moving together with Anhui Stock
| 0.93 | 601628 | China Life Insurance | PairCorr |
| 0.91 | 601059 | Cinda Securities | PairCorr |
| 0.91 | 688072 | Piotech Inc A | PairCorr |
| 0.93 | 601198 | Dongxing Sec | PairCorr |
| 0.91 | 688293 | Shanghai OPM Biosciences | PairCorr |
| 0.93 | 688126 | National Silicon Industry | PairCorr |
| 0.61 | 603993 | China Molybdenum | PairCorr |
| 0.89 | 000504 | Nanhua Bio Medicine | PairCorr |
| 0.94 | 688521 | VeriSilicon Microelectronics | PairCorr |
| 0.83 | 300396 | Dirui Industrial | PairCorr |
| 0.89 | 688298 | Zhejiang Orient Gene | PairCorr |
| 0.92 | 000625 | Chongqing Changan | PairCorr |
| 0.97 | 002446 | Guangdong Shenglu | PairCorr |
| 0.9 | 000001 | Ping An Bank | PairCorr |
| 0.93 | 300339 | Jiangsu Hoperun Software | PairCorr |
| 0.91 | 002476 | Shandong Polymer Bio | PairCorr |
| 0.94 | 600229 | Qingdao Citymedia | PairCorr |
| 0.87 | 000553 | ADAMA | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Anhui Stock performing well and Anhui Transport 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 Anhui Transport'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601398 | 1.25 | 0.04 | 0.00 | 0.03 | 0.00 | 2.83 | 8.14 | |||
| 601939 | 1.30 | 0.05 | (0.05) | (0.02) | 1.77 | 3.32 | 8.64 | |||
| 601288 | 1.28 | 0.02 | 0.00 | 0.05 | 0.00 | 3.21 | 8.24 | |||
| 601988 | 1.20 | 0.08 | (0.04) | (0.12) | 1.49 | 2.67 | 7.70 | |||
| 601857 | 1.45 | (0.10) | 0.00 | 0.31 | 0.00 | 3.43 | 17.17 | |||
| 600036 | 1.51 | 0.23 | 0.02 | (0.22) | 1.84 | 4.65 | 13.83 | |||
| 600938 | 1.59 | (0.05) | 0.00 | 0.22 | 0.00 | 3.25 | 16.49 | |||
| 600941 | 1.02 | 0.05 | (0.08) | (0.10) | 1.16 | 2.05 | 8.38 | |||
| 601328 | 1.36 | (0.03) | 0.00 | 0.17 | 0.00 | 3.26 | 10.82 | |||
| 601658 | 1.41 | 0.14 | (0.01) | (0.21) | 1.79 | 3.49 | 9.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Anhui Transport 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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Anhui Transport Corporate Management
Elected by the shareholders, the Anhui Transport's board of directors comprises two types of representatives: Anhui Transport inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Anhui. The board's role is to monitor Anhui Transport's management team and ensure that shareholders' interests are well served. Anhui Transport'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, Anhui Transport's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hongqiang Mao | Deputy Secretary | Profile | |
| Wen Sun | Assistant Manager | Profile | |
| Niansheng Guo | Deputy Manager | Profile | |
| Zhigang Wu | Chief Engineer | Profile | |
| Xiaoxiao Wu | Secretary Board | Profile | |
| Xiaoming Yang | Deputy Manager | Profile |