Dareway Software Correlations
| 688579 Stock | 10.68 0.08 0.75% |
The current 90-days correlation between Dareway Software and Kweichow Moutai Co is 0.39 (i.e., Weak diversification). The correlation of Dareway Software 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.
Dareway Software Correlation With Market
Good diversification
The correlation between Dareway Software Co and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dareway Software Co and DJI in the same portfolio, assuming nothing else is changed.
Dareway |
The ability to find closely correlated positions to Dareway Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dareway Software 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 Dareway Software - 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 Dareway Software Co to buy it.
Moving together with Dareway Stock
| 0.78 | 601658 | Postal Savings Bank | PairCorr |
| 0.9 | 601728 | China Telecom Corp | PairCorr |
| 0.96 | 002236 | Zhejiang Dahua Technology | PairCorr |
| 0.95 | 900957 | Shanghai Lingyun Ind | PairCorr |
Moving against Dareway Stock
Related Correlations Analysis
| 0.77 | 0.55 | 0.84 | 0.34 | 0.8 | 600519 | ||
| 0.77 | 0.24 | 0.94 | 0.06 | 0.95 | 002371 | ||
| 0.55 | 0.24 | 0.39 | 0.61 | 0.35 | 688617 | ||
| 0.84 | 0.94 | 0.39 | 0.27 | 0.97 | 300750 | ||
| 0.34 | 0.06 | 0.61 | 0.27 | 0.17 | 688169 | ||
| 0.8 | 0.95 | 0.35 | 0.97 | 0.17 | 688111 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Dareway Stock performing well and Dareway Software 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 Dareway Software'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 600519 | 1.69 | 0.07 | 0.00 | 0.26 | 1.87 | 6.55 | 16.71 | |||
| 002371 | 2.37 | 0.42 | 0.14 | 1.13 | 2.11 | 9.80 | 15.93 | |||
| 688617 | 2.43 | 0.09 | (0.01) | (0.64) | 3.23 | 4.28 | 31.11 | |||
| 300750 | 2.72 | 0.65 | 0.16 | (587.86) | 3.09 | 7.94 | 33.42 | |||
| 688169 | 3.27 | 0.11 | 0.01 | 0.47 | 4.18 | 6.51 | 34.80 | |||
| 688111 | 3.74 | 0.78 | 0.15 | 7.22 | 3.84 | 9.33 | 37.06 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dareway Software 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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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
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Dareway Software Corporate Management
Elected by the shareholders, the Dareway Software's board of directors comprises two types of representatives: Dareway Software inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dareway. The board's role is to monitor Dareway Software's management team and ensure that shareholders' interests are well served. Dareway Software'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, Dareway Software's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Qingzhong Li | Honorary Scientist | Profile | |
| Kun Wang | Chief Officer | Profile | |
| Jian Zhang | Secretary Board | Profile | |
| Shidong Zhang | Supervisors Technicians | Profile |