Bangyan Technology Correlations
| 688132 Stock | 19.10 0.24 1.27% |
The current 90-days correlation between Bangyan Technology and Hunan Tyen Machinery is 0.22 (i.e., Modest 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.
Bangyan |
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
| 0.67 | 600036 | China Merchants Bank | PairCorr |
| 0.64 | 601166 | Industrial Bank Earnings Call Tomorrow | PairCorr |
| 0.8 | 300530 | Hunan Lead Power | PairCorr |
Moving against Bangyan Stock
Related Correlations Analysis
| 0.81 | 0.74 | 0.77 | 0.81 | 0.75 | 0.72 | 603002 | ||
| 0.81 | 0.81 | 0.79 | 0.86 | 0.54 | 0.84 | 000969 | ||
| 0.74 | 0.81 | 0.6 | 0.79 | 0.37 | 0.95 | 600114 | ||
| 0.77 | 0.79 | 0.6 | 0.8 | 0.67 | 0.66 | 600698 | ||
| 0.81 | 0.86 | 0.79 | 0.8 | 0.72 | 0.81 | 300512 | ||
| 0.75 | 0.54 | 0.37 | 0.67 | 0.72 | 0.36 | 600984 | ||
| 0.72 | 0.84 | 0.95 | 0.66 | 0.81 | 0.36 | 002126 | ||
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 603002 | 2.48 | 0.05 | 0.01 | (0.88) | 3.21 | 4.12 | 16.01 | |||
| 000969 | 1.96 | 0.24 | 0.10 | 8.05 | 2.12 | 5.78 | 11.74 | |||
| 600114 | 2.43 | 0.25 | 0.08 | 0.65 | 2.60 | 6.14 | 18.02 | |||
| 600698 | 3.17 | 0.27 | 0.06 | (0.43) | 3.74 | 9.94 | 20.00 | |||
| 300512 | 2.33 | 0.09 | 0.03 | (0.09) | 2.96 | 3.78 | 25.59 | |||
| 600984 | 2.41 | (0.11) | 0.00 | 0.44 | 0.00 | 4.61 | 14.49 | |||
| 002126 | 3.17 | 0.75 | 0.25 | 3.55 | 2.65 | 10.00 | 18.33 |
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.Did you try this?
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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.