Zhejiang Orient Correlations
| 688298 Stock | 28.95 0.21 0.72% |
The current 90-days correlation between Zhejiang Orient Gene and Highbroad Advanced Material is 0.44 (i.e., Very weak diversification). The correlation of Zhejiang Orient 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.
Zhejiang Orient Correlation With Market
Average diversification
The correlation between Zhejiang Orient Gene and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhejiang Orient Gene and DJI in the same portfolio, assuming nothing else is changed.
Zhejiang |
The ability to find closely correlated positions to Zhejiang Orient could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhejiang Orient 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 Zhejiang Orient - 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 Zhejiang Orient Gene to buy it.
Moving together with Zhejiang Stock
| 0.7 | 601668 | China State Construction | PairCorr |
| 0.78 | 601390 | China Railway Group | PairCorr |
| 0.74 | 601186 | China Railway Constr | PairCorr |
| 0.8 | 601628 | China Life Insurance | PairCorr |
| 0.83 | 601318 | Ping An Insurance | PairCorr |
Moving against Zhejiang Stock
| 0.72 | 688256 | Cambricon Technologies | PairCorr |
| 0.67 | 601398 | Industrial and Commercial | PairCorr |
| 0.58 | 601939 | China Construction Bank | PairCorr |
| 0.57 | 600941 | China Mobile Limited | PairCorr |
| 0.5 | 600368 | Guangxi Wuzhou Commu | PairCorr |
| 0.44 | 601857 | PetroChina | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Zhejiang Stock performing well and Zhejiang Orient 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 Zhejiang Orient'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 300103 | 2.54 | 0.00 | 0.00 | 0.00 | 3.07 | 5.92 | 14.08 | |||
| 301321 | 2.35 | (0.06) | 0.00 | (0.08) | 0.00 | 4.41 | 12.42 | |||
| 002307 | 2.37 | 0.07 | 0.02 | 0.20 | 2.77 | 9.97 | 17.82 | |||
| 600106 | 2.22 | (0.15) | 0.00 | 0.32 | 0.00 | 4.06 | 20.10 | |||
| 300871 | 1.93 | (0.06) | 0.00 | (0.50) | 0.00 | 3.77 | 12.93 | |||
| 603860 | 1.57 | (0.07) | 0.00 | (0.50) | 0.00 | 2.15 | 14.34 | |||
| 600853 | 2.01 | (0.03) | 0.00 | 0.06 | 0.00 | 4.53 | 19.24 | |||
| 002682 | 2.50 | 0.00 | 0.00 | 0.02 | 3.40 | 4.93 | 18.75 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Zhejiang Orient 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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Zhejiang Orient Corporate Management
Elected by the shareholders, the Zhejiang Orient's board of directors comprises two types of representatives: Zhejiang Orient inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zhejiang. The board's role is to monitor Zhejiang Orient's management team and ensure that shareholders' interests are well served. Zhejiang Orient'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, Zhejiang Orient's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jinhong Yu | Deputy Manager | Profile | |
| Pang Qi | Deputy Manager | Profile | |
| Jinfeng Tan | Deputy Manager | Profile | |
| Faying Xu | Deputy Manager | Profile | |
| Chunmei Zhong | Deputy Manager | Profile | |
| Yuanyuan Li | Accounting Supervisor | Profile |