Pylon Technologies Correlations

688063 Stock

38.00 0.86 2.21%

The current 90-days correlation between Pylon Technologies and Shenzhen Silver Basis is 0.49 (i.e., Very weak diversification). The correlation of Pylon Technologies 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.

Pylon Technologies Correlation With Market

Significant diversification

The correlation between Pylon Technologies Co 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 Pylon Technologies Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Pylon Stock

0.64

001289

China Longyuan Power

Pair Corr

Moving against Pylon Stock

0.42	000729	Beijing Yanjing Brewery	Pair Corr
0.33	600236	Guangxi Guiguan Electric	Pair Corr
0.31	301200	Shenzhen Hans CNC	Pair Corr

Related Correlations Analysis

	002786	300293	600753	601279	300099	601238	600006
002786		0.82	0.74	0.46	0.44	-0.17	-0.09	002786
300293	0.82		0.65	0.3	0.46	-0.21	-0.07	300293
600753	0.74	0.65		0.58	0.66	0.17	0.24	600753
601279	0.46	0.3	0.58		0.83	0.62	0.71	601279
300099	0.44	0.46	0.66	0.83		0.63	0.7	300099
601238	-0.17	-0.21	0.17	0.62	0.63		0.86	601238
600006	-0.09	-0.07	0.24	0.71	0.7	0.86		600006
	002786	300293	600753	601279	300099	601238	600006

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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

600006	+ 0.86	601238
300099	+ 0.83	601279
300293	+ 0.82	002786
600753	+ 0.74	002786
600006	+ 0.71	601279
600006	+ 0.7	300099

High negative correlations

601238	- 0.21	300293
601238	- 0.17	002786
600006	- 0.09	002786
600006	- 0.07	300293

Risk-Adjusted Indicators

There is a big difference between Pylon Stock performing well and Pylon Technologies 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 Pylon Technologies' 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
002786	3.30	(0.03)	0.00	(0.13)	0.00	0.00	10.03	(5.96)	19.62
300293	3.85	0.41	0.10	1.83	3.64	(4.51)	7.57	(5.82)	27.07
600753	3.27	0.12	0.03	0.27	4.07	(3.30)	8.42	(6.49)	18.26
601279	2.39	0.08	0.02	0.33	2.90	(2.64)	4.35	(4.40)	17.28
300099	3.15	0.23	0.05	0.76	4.25	(3.05)	5.48	(6.28)	27.46
601238	2.39	0.14	0.04	(0.92)	2.74	(2.77)	5.67	(4.28)	15.59
600006	2.79	0.22	0.05	1.57	3.94	(2.72)	8.63	(5.79)	18.86

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pylon Technologies 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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Pylon Technologies Corporate Management

Elected by the shareholders, the Pylon Technologies' board of directors comprises two types of representatives: Pylon Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pylon. The board's role is to monitor Pylon Technologies' management team and ensure that shareholders' interests are well served. Pylon Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pylon Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Chaohui Feng	VP Department	Profile
Wenju Ye	VP Secretary	Profile
Xueping Hu	Manager Personnel	Profile
Linfeng Ji	Manager Department	Profile
Yulan Xu	Accounting Supervisor	Profile
Lu Shi	Vice Technicians	Profile

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