Dazhong Transportation Correlations
| 900903 Stock | 0.23 0.01 4.17% |
The current 90-days correlation between Dazhong Transportation and Fujian Boss Software is 0.19 (i.e., Average diversification). The correlation of Dazhong Transportation 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.
Dazhong Transportation Correlation With Market
Good diversification
The correlation between Dazhong Transportation Group 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 Dazhong Transportation Group and DJI in the same portfolio, assuming nothing else is changed.
Dazhong |
The ability to find closely correlated positions to Dazhong Transportation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dazhong Transportation 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 Dazhong Transportation - 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 Dazhong Transportation Group to buy it.
Moving together with Dazhong Stock
| 0.72 | 002371 | NAURA Technology | PairCorr |
| 0.67 | 002594 | BYD Co | PairCorr |
| 0.73 | 688111 | Beijing Kingsoft Office | PairCorr |
| 0.69 | 300033 | Hithink RoyalFlush Info | PairCorr |
| 0.64 | 002501 | Jilin Liyuan Precision | PairCorr |
| 0.79 | 300780 | Sichuan Dawn Precision | PairCorr |
| 0.63 | 300354 | DongHua Testing Tech | PairCorr |
| 0.7 | 300530 | Hunan Lead Power | PairCorr |
Moving against Dazhong Stock
Related Correlations Analysis
| 0.32 | 0.79 | 0.69 | 0.87 | 0.84 | 0.72 | 300525 | ||
| 0.32 | 0.56 | 0.29 | 0.61 | 0.49 | 0.54 | 688588 | ||
| 0.79 | 0.56 | 0.79 | 0.78 | 0.77 | 0.67 | 603078 | ||
| 0.69 | 0.29 | 0.79 | 0.64 | 0.69 | 0.61 | 688630 | ||
| 0.87 | 0.61 | 0.78 | 0.64 | 0.95 | 0.92 | 600756 | ||
| 0.84 | 0.49 | 0.77 | 0.69 | 0.95 | 0.93 | 002036 | ||
| 0.72 | 0.54 | 0.67 | 0.61 | 0.92 | 0.93 | 300852 | ||
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Risk-Adjusted Indicators
There is a big difference between Dazhong Stock performing well and Dazhong Transportation 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 Dazhong Transportation'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 300525 | 2.77 | 0.05 | 0.04 | (0.13) | 3.20 | 5.55 | 21.27 | |||
| 688588 | 2.29 | (0.09) | 0.00 | (0.64) | 0.00 | 5.03 | 15.78 | |||
| 603078 | 1.95 | 0.15 | 0.08 | (0.36) | 2.48 | 4.69 | 13.96 | |||
| 688630 | 2.38 | 0.35 | 0.16 | 1.98 | 2.25 | 4.99 | 17.10 | |||
| 600756 | 2.25 | 0.04 | 0.04 | (0.17) | 2.74 | 4.44 | 16.24 | |||
| 002036 | 2.96 | 0.21 | 0.08 | 1.85 | 3.14 | 9.97 | 16.36 | |||
| 300852 | 2.90 | 0.24 | 0.09 | 0.27 | 2.78 | 7.12 | 16.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dazhong Transportation 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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Dazhong Transportation Corporate Management
Elected by the shareholders, the Dazhong Transportation's board of directors comprises two types of representatives: Dazhong Transportation inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dazhong. The board's role is to monitor Dazhong Transportation's management team and ensure that shareholders' interests are well served. Dazhong Transportation'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, Dazhong Transportation's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Guoping Yang | CEO, Chairman | Profile | |
| Jing Zhang | Vice Chairman | Profile | |
| Siyuan Zhao | Director GM | Profile | |
| Jiyuan Dong | Deputy Mang | Profile |