DATANG INTL Correlations

BJI Stock

0.19 0.01 5.56%

The current 90-days correlation between DATANG INTL POW and BE Semiconductor Industries is -0.24 (i.e., Very good diversification). The correlation of DATANG INTL 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. If the correlation is 0, the equities are not correlated; they are entirely random.

DATANG INTL Correlation With Market

Good diversification

The correlation between DATANG INTL POW and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DATANG INTL POW and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against DATANG Stock

0.6	AMZ	Amazon Inc	Pair Corr
0.57	BYRA	BANK RAKYAT IND	Pair Corr
0.54	BYRA	PT Bank Rakyat	Pair Corr
0.54	PQ9	PT Bank Mandiri	Pair Corr
0.51	PQ9	BANK MANDIRI	Pair Corr
0.5	BYRA	PT Bank Rakyat	Pair Corr
0.47	MSF	Microsoft	Pair Corr
0.47	MSF	Microsoft	Pair Corr
0.47	BYRA	BANK RAKYAT IND	Pair Corr
0.46	MSF	Microsoft	Pair Corr
0.46	MSF	Microsoft	Pair Corr
0.45	MSF	Microsoft	Pair Corr
0.32	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	CUEH	BSI	OTE	HLG	B7O	B7O
CUEH		0.17	-0.24	0.32	-0.07	-0.03	CUEH
BSI	0.17		-0.31	0.54	-0.38	-0.46	BSI
OTE	-0.24	-0.31		-0.21	0.01	0.1	OTE
HLG	0.32	0.54	-0.21		-0.46	-0.57	HLG
B7O	-0.07	-0.38	0.01	-0.46		0.75	B7O
B7O	-0.03	-0.46	0.1	-0.57	0.75		B7O
	CUEH	BSI	OTE	HLG	B7O	B7O

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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

B7O	+ 0.75	B7O
HLG	+ 0.54	BSI
HLG	+ 0.32	CUEH
BSI	+ 0.17	CUEH
B7O	+ 0.1	OTE
B7O	+ 0.01	OTE

High negative correlations

B7O	- 0.57	HLG
B7O	- 0.46	HLG
B7O	- 0.46	BSI
B7O	- 0.38	BSI
OTE	- 0.31	BSI
OTE	- 0.24	CUEH

Risk-Adjusted Indicators

There is a big difference between DATANG Stock performing well and DATANG INTL 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 DATANG INTL'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
CUEH	2.46	0.30	0.12	(0.65)	2.70	(3.14)	5.67	(3.40)	18.33
BSI	2.36	(0.23)	0.00	0.48	0.00	0.00	6.67	(5.59)	18.94
OTE	0.63	0.01	0.06	0.16	0.82	(1.23)	1.78	(1.70)	6.04
HLG	2.76	0.15	0.05	(0.22)	3.84	(3.86)	8.82	(5.56)	42.74
B7O	2.78	0.01	0.02	(0.16)	3.24	(6.58)	7.69	(7.14)	20.39
B7O	1.35	0.02	0.02	(0.43)	2.00	(5.00)	3.85	(3.70)	14.84

Be your own money manager

Our tools can tell you how much better you can do entering a position in DATANG INTL 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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