Shanghai Fudan Correlations

688385 Stock

39.80 0.25 0.63%

The correlation of Shanghai Fudan 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 Fudan Correlation With Market

Good diversification

The correlation between Shanghai Fudan Microelectronic and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shanghai Fudan Microelectronic and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Shanghai Fudan 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 Fudan 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 Fudan - 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 Fudan Microelectronics to buy it.

Moving together with Shanghai Stock

0.68	605259	Lutian Machinery	Pair Corr
0.8	001289	China Longyuan Power	Pair Corr
0.83	300600	Changshu Ruite Electric	Pair Corr
0.76	301177	DR Limited	Pair Corr
0.68	601998	China Citic Bank	Pair Corr

Moving against Shanghai Stock

0.5

600025

Huaneng Lancang River

Pair Corr

Related Correlations Analysis

	300946	002108	301059	002480	688119	301397	600996	002149
300946		0.9	0.89	0.78	0.96	0.91	0.9	0.88	300946
002108	0.9		0.85	0.85	0.9	0.88	0.86	0.79	002108
301059	0.89	0.85		0.84	0.92	0.87	0.94	0.92	301059
002480	0.78	0.85	0.84		0.82	0.79	0.85	0.75	002480
688119	0.96	0.9	0.92	0.82		0.94	0.95	0.93	688119
301397	0.91	0.88	0.87	0.79	0.94		0.92	0.87	301397
600996	0.9	0.86	0.94	0.85	0.95	0.92		0.93	600996
002149	0.88	0.79	0.92	0.75	0.93	0.87	0.93		002149
	300946	002108	301059	002480	688119	301397	600996	002149

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Risk-Adjusted Indicators

There is a big difference between Shanghai Stock performing well and Shanghai Fudan 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 Fudan'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
300946	2.39	0.42	0.11	(3.37)	3.22	(2.61)	5.07	(4.94)	26.30
002108	2.02	0.37	0.15	2.88	2.15	(2.40)	4.17	(3.28)	16.89
301059	3.04	0.74	0.19	(2.96)	3.20	(3.45)	9.62	(5.04)	28.11
002480	2.65	0.61	0.17	(11.33)	2.91	(2.88)	9.93	(4.44)	16.58
688119	2.39	0.58	0.17	7.62	2.78	(2.89)	5.13	(3.41)	24.87
301397	2.92	0.49	0.14	(1.26)	2.98	(3.47)	9.30	(5.20)	23.92
600996	2.12	0.43	0.13	(1.75)	2.67	(2.37)	5.63	(3.63)	18.34
002149	2.40	0.54	0.20	(0.64)	2.06	(2.80)	6.29	(3.47)	15.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in Shanghai Fudan 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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Shanghai Fudan Corporate Management

Elected by the shareholders, the Shanghai Fudan's board of directors comprises two types of representatives: Shanghai Fudan 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 Fudan's management team and ensure that shareholders' interests are well served. Shanghai Fudan'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 Fudan's outside directors are responsible for providing unbiased perspectives on the board's policies.

Linshan Diao	Deputy Manager	Profile
Guoxing Jiang	Executive Secretary	Profile
Lei Shen	Deputy Manager	Profile
Hing CPA	Company Sec	Profile

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