RoadMain T Correlations
| 603860 Stock | 31.65 0.58 1.87% |
The current 90-days correlation between RoadMain T and Industrial and Commercial is 0.22 (i.e., Modest diversification). The correlation of RoadMain T 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.
RoadMain T Correlation With Market
Good diversification
The correlation between RoadMain T Co and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RoadMain T Co and DJI in the same portfolio, assuming nothing else is changed.
RoadMain |
The ability to find closely correlated positions to RoadMain T could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RoadMain T 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 RoadMain T - 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 RoadMain T Co to buy it.
Moving together with RoadMain Stock
| 0.89 | 601628 | China Life Insurance | PairCorr |
| 0.84 | 601059 | Cinda Securities | PairCorr |
| 0.81 | 688072 | Piotech Inc A | PairCorr |
| 0.88 | 601198 | Dongxing Sec | PairCorr |
| 0.87 | 688293 | Shanghai OPM Biosciences | PairCorr |
| 0.91 | 688126 | National Silicon Industry | PairCorr |
| 0.93 | 000504 | Nanhua Bio Medicine | PairCorr |
| 0.86 | 688521 | VeriSilicon Microelectronics | PairCorr |
| 0.7 | 300396 | Dirui Industrial | PairCorr |
| 0.86 | 688298 | Zhejiang Orient Gene | PairCorr |
| 0.82 | 000625 | Chongqing Changan | PairCorr |
| 0.94 | 002446 | Guangdong Shenglu | PairCorr |
| 0.83 | 000001 | Ping An Bank | PairCorr |
| 0.94 | 300339 | Jiangsu Hoperun Software | PairCorr |
| 0.86 | 002476 | Shandong Polymer Bio | PairCorr |
| 0.86 | 600229 | Qingdao Citymedia | PairCorr |
| 0.96 | 000553 | ADAMA | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between RoadMain Stock performing well and RoadMain T 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 RoadMain T'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
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RoadMain T Corporate Management
Elected by the shareholders, the RoadMain T's board of directors comprises two types of representatives: RoadMain T inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RoadMain. The board's role is to monitor RoadMain T's management team and ensure that shareholders' interests are well served. RoadMain T'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, RoadMain T's outside directors are responsible for providing unbiased perspectives on the board's policies.