Xiangpiaopiao Food Correlations

603711 Stock

16.38 1.00 6.50%

The current 90-days correlation between Xiangpiaopiao Food and Tianjin Realty Development is 0.13 (i.e., Average diversification). The correlation of Xiangpiaopiao Food 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.

Xiangpiaopiao Food Correlation With Market

Average diversification

The correlation between Xiangpiaopiao Food Co and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xiangpiaopiao Food Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Xiangpiaopiao Stock

0.61	601988	Bank of China	Pair Corr
0.65	601998	China Citic Bank	Pair Corr
0.83	000428	Huatian Hotel Group	Pair Corr
0.68	600584	JCET Group	Pair Corr
0.67	000661	Changchun High New	Pair Corr
0.93	603818	Qumei Furniture Group	Pair Corr
0.84	600633	Zhejiang Daily Media	Pair Corr
0.83	600335	Sinomach Automobile	Pair Corr
0.77	002115	Sunwave Communications	Pair Corr
0.83	300815	Eit Environmental	Pair Corr
0.77	605128	Shanghai Yanpu Metal	Pair Corr
0.83	688119	Sinosteel Luonai Mat	Pair Corr
0.7	002847	Yankershop Food	Pair Corr
0.84	603365	Shanghai Shuixing Home	Pair Corr
0.91	603103	Hengdian Entertainment	Pair Corr
0.87	600515	Hainan HNA Infrastructure	Pair Corr
0.76	301390	Hangzhou Gisway Info	Pair Corr
0.84	603659	Shanghai Putailai New	Pair Corr
0.85	300221	Guangdong Silvere Sci	Pair Corr
0.61	300608	SI TECH Information	Pair Corr
0.62	601598	Sinotrans Class	Pair Corr
0.9	601002	Gem Year Industrial	Pair Corr
0.88	002400	Guangdong Advertising	Pair Corr
0.89	603068	Beken Corp	Pair Corr
0.79	301379	Techshine Electronics	Pair Corr
0.87	603969	Tianjin Silvery Dragon	Pair Corr
0.86	000609	Beijing Mainstreets	Pair Corr
0.91	002946	New Hope Dairy	Pair Corr
0.81	600498	Fiberhome Telecommunicatio	Pair Corr
0.85	000995	Gansu Huangtai Wine	Pair Corr

Related Correlations Analysis

	200468	600322	300391	002168	300301	000692	300013	600462
200468		0.84	0.91	0.52	0.89	0.84	0.89	0.41	200468
600322	0.84		0.78	0.66	0.91	0.88	0.87	0.63	600322
300391	0.91	0.78		0.45	0.87	0.84	0.88	0.37	300391
002168	0.52	0.66	0.45		0.71	0.72	0.73	0.92	002168
300301	0.89	0.91	0.87	0.71		0.91	0.95	0.65	300301
000692	0.84	0.88	0.84	0.72	0.91		0.93	0.7	000692
300013	0.89	0.87	0.88	0.73	0.95	0.93		0.62	300013
600462	0.41	0.63	0.37	0.92	0.65	0.7	0.62		600462
	200468	600322	300391	002168	300301	000692	300013	600462

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Risk-Adjusted Indicators

There is a big difference between Xiangpiaopiao Stock performing well and Xiangpiaopiao Food 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 Xiangpiaopiao Food'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
200468	3.56	1.28	0.32	7.95	2.97	(4.45)	9.69	(4.58)	20.07
600322	4.17	1.24	0.23	1.20	4.08	(4.67)	10.11	(8.11)	20.26
300391	4.94	0.97	0.15	(24.55)	5.30	(5.41)	20.04	(9.89)	35.48
002168	2.59	0.25	0.07	0.54	3.04	(2.78)	5.08	(4.93)	10.20
300301	2.85	0.69	0.17	1.52	3.33	(3.75)	7.69	(7.57)	24.85
000692	2.91	0.66	0.20	3.68	2.85	(3.40)	9.88	(4.22)	17.12
300013	3.46	0.83	0.19	1.75	3.67	(3.87)	8.58	(6.04)	23.57
600462	2.65	0.33	0.10	1.92	3.03	(2.84)	5.22	(5.00)	10.56

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Our tools can tell you how much better you can do entering a position in Xiangpiaopiao Food 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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