Namchow Food Correlations

605339 Stock   16.92  0.25  1.46%   
The current 90-days correlation between Namchow Food Group and Cansino Biologics is -0.18 (i.e., Good diversification). The correlation of Namchow 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.

Namchow Food Correlation With Market

Good diversification

The correlation between Namchow Food Group and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Namchow Food Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Namchow 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 Namchow 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 Namchow 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 Namchow Food Group to buy it.

Moving together with Namchow Stock

  0.67000858 Wuliangye YibinPairCorr
  0.61000568 Luzhou Lao JiaoPairCorr

Moving against Namchow Stock

  0.38688169 Beijing Roborock TecPairCorr

Related Correlations Analysis

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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   
605567600419
605300688185
002761688185
600419688185
600419605300
605567688185
  
High negative correlations   
605300000598
688185000598

Risk-Adjusted Indicators

There is a big difference between Namchow Stock performing well and Namchow 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 Namchow 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Namchow 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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Namchow Food Corporate Management

Elected by the shareholders, the Namchow Food's board of directors comprises two types of representatives: Namchow Food inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Namchow. The board's role is to monitor Namchow Food's management team and ensure that shareholders' interests are well served. Namchow Food'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, Namchow Food's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ya MoSecretaryProfile
Shuxian XiangFinancial SecProfile
Meihui LiaoChief OfficerProfile
Changyu LinGeneral ManagerProfile
Lanxin ZhouDeputy MangProfile