Shanghai Rendu Correlations
| 688193 Stock | 37.18 0.45 1.20% |
The current 90-days correlation between Shanghai Rendu Biote and Zhongshan Public Utilities is 0.19 (i.e., Average diversification). The correlation of Shanghai Rendu 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.
Shanghai Rendu Correlation With Market
Good diversification
The correlation between Shanghai Rendu Biotechnology 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 Shanghai Rendu Biotechnology and DJI in the same portfolio, assuming nothing else is changed.
Shanghai |
The ability to find closely correlated positions to Shanghai Rendu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shanghai Rendu 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 Shanghai Rendu - 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 Shanghai Rendu Biotechnology to buy it.
Moving together with Shanghai Stock
Moving against Shanghai Stock
Related Correlations Analysis
| 0.5 | 0.81 | 0.76 | 0.69 | 0.58 | 0.63 | 000685 | ||
| 0.5 | 0.63 | 0.66 | 0.56 | 0.53 | 0.76 | 600604 | ||
| 0.81 | 0.63 | 0.78 | 0.76 | 0.46 | 0.79 | 600345 | ||
| 0.76 | 0.66 | 0.78 | 0.8 | 0.53 | 0.73 | 603712 | ||
| 0.69 | 0.56 | 0.76 | 0.8 | 0.67 | 0.82 | 000973 | ||
| 0.58 | 0.53 | 0.46 | 0.53 | 0.67 | 0.59 | 605300 | ||
| 0.63 | 0.76 | 0.79 | 0.73 | 0.82 | 0.59 | 002238 | ||
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Risk-Adjusted Indicators
There is a big difference between Shanghai Stock performing well and Shanghai Rendu 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 Shanghai Rendu'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 000685 | 0.84 | 0.04 | 0.08 | (0.61) | 1.11 | 1.84 | 6.09 | |||
| 600604 | 1.69 | (0.34) | 0.00 | 1.33 | 0.00 | 3.21 | 10.11 | |||
| 600345 | 2.40 | (0.04) | 0.00 | 0.31 | 0.00 | 5.19 | 15.92 | |||
| 603712 | 2.17 | (0.09) | 0.00 | 0.15 | 0.00 | 4.94 | 13.65 | |||
| 000973 | 2.20 | 0.08 | 0.07 | (0.18) | 2.50 | 5.16 | 14.72 | |||
| 605300 | 2.59 | 0.22 | 0.06 | 0.26 | 3.58 | 5.17 | 20.04 | |||
| 002238 | 2.44 | (0.03) | 0.00 | 0.09 | 0.00 | 5.27 | 20.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shanghai Rendu 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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Shanghai Rendu Corporate Executives
Elected by the shareholders, the Shanghai Rendu's board of directors comprises two types of representatives: Shanghai Rendu inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shanghai. The board's role is to monitor Shanghai Rendu's management team and ensure that shareholders' interests are well served. Shanghai Rendu'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, Shanghai Rendu's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tingjiang Cai | CFO Supervisor | Profile |