VeriSilicon Microelectronics Correlations
| 688521 Stock | 80.06 9.36 13.24% |
The current 90-days correlation between VeriSilicon Microelectronics and Western Metal Materials is 0.08 (i.e., Significant diversification). The correlation of VeriSilicon Microelectronics 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.
VeriSilicon Microelectronics Correlation With Market
Average diversification
The correlation between VeriSilicon Microelectronics S and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VeriSilicon Microelectronics S and DJI in the same portfolio, assuming nothing else is changed.
VeriSilicon |
The ability to find closely correlated positions to VeriSilicon Microelectronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VeriSilicon Microelectronics 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 VeriSilicon Microelectronics - 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 VeriSilicon Microelectronics Shanghai to buy it.
Moving together with VeriSilicon Stock
| 0.65 | 002371 | NAURA Technology | PairCorr |
| 0.69 | 688111 | Beijing Kingsoft Office | PairCorr |
| 0.75 | 301236 | iSoftStone Information | PairCorr |
Moving against VeriSilicon Stock
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between VeriSilicon Stock performing well and VeriSilicon Microelectronics 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 VeriSilicon Microelectronics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 002149 | 2.44 | 0.39 | 0.14 | 0.48 | 2.34 | 5.64 | 12.17 | |||
| 002532 | 1.28 | 0.11 | 0.07 | 1.84 | 1.46 | 2.88 | 7.62 | |||
| 300651 | 2.34 | (0.11) | 0.00 | 0.27 | 0.00 | 5.66 | 21.38 | |||
| 605128 | 1.70 | 0.20 | 0.10 | (0.59) | 1.71 | 3.58 | 13.19 | |||
| 508027 | 0.80 | 0.20 | 0.23 | (0.82) | 0.58 | 2.45 | 6.41 | |||
| 000558 | 3.58 | 0.28 | 0.05 | (0.39) | 5.02 | 10.00 | 20.20 | |||
| 002357 | 2.16 | 0.44 | 0.19 | (0.67) | 2.17 | 4.78 | 11.80 |
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VeriSilicon Microelectronics Corporate Management
Elected by the shareholders, the VeriSilicon Microelectronics' board of directors comprises two types of representatives: VeriSilicon Microelectronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of VeriSilicon. The board's role is to monitor VeriSilicon Microelectronics' management team and ensure that shareholders' interests are well served. VeriSilicon Microelectronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, VeriSilicon Microelectronics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Zhehong Qian | VP | Profile | |
| Martyn Humphries | Senior Group | Profile | |
| WeiJin Dai | Executive Officer | Profile | |
| Yang Wang | Executive Division | Profile | |
| Zhiwei Wang | Executive Division | Profile |