Sany Heavy Correlations

688349 Stock

32.71 0.18 0.55%

The current 90-days correlation between Sany Heavy Energy and Hubei Dinglong Chemical is 0.56 (i.e., Very weak diversification). The correlation of Sany Heavy 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.

Sany Heavy Correlation With Market

Good diversification

The correlation between Sany Heavy Energy and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sany Heavy Energy and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sany Stock

0.69	601398	Industrial and Commercial	Pair Corr
0.69	601988	Bank of China	Pair Corr
0.69	601658	Postal Savings Bank	Pair Corr
0.77	601728	China Telecom Corp	Pair Corr
0.77	601816	Beijing Shanghai High	Pair Corr

Related Correlations Analysis

	002632	002895	002054	603598	601929	300054	000420	000059
002632		0.96	0.84	0.79	0.91	0.87	0.93	0.89	002632
002895	0.96		0.8	0.72	0.84	0.88	0.86	0.86	002895
002054	0.84	0.8		0.78	0.84	0.62	0.81	0.73	002054
603598	0.79	0.72	0.78		0.9	0.55	0.78	0.58	603598
601929	0.91	0.84	0.84	0.9		0.7	0.93	0.8	601929
300054	0.87	0.88	0.62	0.55	0.7		0.76	0.83	300054
000420	0.93	0.86	0.81	0.78	0.93	0.76		0.91	000420
000059	0.89	0.86	0.73	0.58	0.8	0.83	0.91		000059
	002632	002895	002054	603598	601929	300054	000420	000059

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Risk-Adjusted Indicators

There is a big difference between Sany Stock performing well and Sany Heavy 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 Sany Heavy'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
002632	2.28	0.43	0.14	(1.94)	2.57	(2.56)	4.87	(4.01)	18.98
002895	2.17	0.41	0.14	3.81	2.34	(2.49)	6.34	(3.47)	18.27
002054	2.49	0.59	0.17	1.98	2.98	(2.73)	8.28	(4.96)	19.61
603598	3.74	1.09	0.24	2.79	4.07	(4.22)	9.98	(7.46)	20.02
601929	3.55	1.29	0.28	19.21	3.59	(4.25)	9.95	(6.52)	20.27
300054	2.51	0.56	0.22	(375.67)	2.11	(3.10)	5.69	(4.25)	22.72
000420	2.73	0.64	0.17	(1.10)	2.93	(2.98)	5.90	(4.77)	17.21
000059	2.76	0.53	0.15	(0.69)	2.79	(3.27)	6.88	(4.63)	17.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sany Heavy 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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Sany Heavy Corporate Management

Elected by the shareholders, the Sany Heavy's board of directors comprises two types of representatives: Sany Heavy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sany. The board's role is to monitor Sany Heavy's management team and ensure that shareholders' interests are well served. Sany Heavy'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, Sany Heavy's outside directors are responsible for providing unbiased perspectives on the board's policies.

Xu Peng	Deputy Manager	Profile
Xudong Liao	Deputy Manager	Profile
Liangwei Yu	Deputy Manager	Profile
Jie Hu	Deputy Manager	Profile

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