Bangyan Technology Correlations

688132 Stock   19.19  1.24  6.07%   
The current 90-days correlation between Bangyan Technology and PKU HealthCare Corp is 0.1 (i.e., Average diversification). The correlation of Bangyan Technology 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.

Bangyan Technology Correlation With Market

Good diversification

The correlation between Bangyan Technology Co and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bangyan Technology Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Bangyan Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bangyan Technology 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 Bangyan Technology - 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 Bangyan Technology Co to buy it.

Moving together with Bangyan Stock

  0.67200468 Nanjing Putian TelecPairCorr
  0.81301236 iSoftStone InformationPairCorr
  0.69688103 Kunshan Guoli ElectronicPairCorr
  0.89300578 BizConf TelecomPairCorr

Moving against Bangyan Stock

  0.64002052 Shenzhen Coship ElecPairCorr
  0.32600368 Guangxi Wuzhou CommuPairCorr

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   
300143002044
002044002899
600115000788
300143603182
603182600115
300550300143
  
High negative correlations   
002044000995
600115002899
300143000995
002899000995
002899000788
300550000995

Risk-Adjusted Indicators

There is a big difference between Bangyan Stock performing well and Bangyan Technology 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 Bangyan Technology'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 Bangyan Technology 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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Bangyan Technology Corporate Management

Elected by the shareholders, the Bangyan Technology's board of directors comprises two types of representatives: Bangyan Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bangyan. The board's role is to monitor Bangyan Technology's management team and ensure that shareholders' interests are well served. Bangyan Technology'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, Bangyan Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
Qiu WuHardware DepartmentProfile
Ping HanChief OfficerProfile
Chen XiaoAccounting SupervisorProfile
Guosheng ZhuGM BoardProfile