CRRC Correlations

C2L Stock

EUR 0.61 0.00 0.00%

The current 90-days correlation between CRRC Limited and MTR Limited is -0.12 (i.e., Good diversification). The correlation of CRRC 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.

CRRC Correlation With Market

Good diversification

The correlation between CRRC Limited 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 CRRC Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CRRC Stock

0.68

XYTA

CHINA HUARONG ENERHD

Pair Corr

Moving against CRRC Stock

0.64	BYRA	BANK RAKYAT IND	Pair Corr
0.57	BYRA	PT Bank Rakyat	Pair Corr
0.55	PTI	Perusahaan Perseroan	Pair Corr
0.53	BYRA	BANK RAKYAT IND	Pair Corr
0.49	BYRA	PT Bank Rakyat	Pair Corr
0.41	JAP	Central Japan Railway	Pair Corr
0.4	PQ9	BANK MANDIRI	Pair Corr
0.4	PQ9	BANK MANDIRI	Pair Corr
0.31	TCID	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	UNP	CY2	CXR	MRI	C2L	JAP	EJR	WB2
UNP		0.44	0.78	-0.23	-0.02	-0.08	-0.1	0.58	UNP
CY2	0.44		0.35	-0.04	-0.28	0.66	0.33	-0.19	CY2
CXR	0.78	0.35		-0.2	0.21	-0.14	0.05	0.73	CXR
MRI	-0.23	-0.04	-0.2		0.54	0.01	-0.01	-0.11	MRI
C2L	-0.02	-0.28	0.21	0.54		-0.41	-0.05	0.42	C2L
JAP	-0.08	0.66	-0.14	0.01	-0.41		0.38	-0.67	JAP
EJR	-0.1	0.33	0.05	-0.01	-0.05	0.38		-0.18	EJR
WB2	0.58	-0.19	0.73	-0.11	0.42	-0.67	-0.18		WB2
	UNP	CY2	CXR	MRI	C2L	JAP	EJR	WB2

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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

CXR	+ 0.78	UNP
WB2	+ 0.73	CXR
JAP	+ 0.66	CY2
WB2	+ 0.58	UNP
C2L	+ 0.54	MRI
CY2	+ 0.44	UNP

High negative correlations

WB2	- 0.67	JAP
JAP	- 0.41	C2L
C2L	- 0.28	CY2
MRI	- 0.23	UNP
MRI	- 0.2	CXR
WB2	- 0.19	CY2

Risk-Adjusted Indicators

There is a big difference between CRRC Stock performing well and CRRC 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 CRRC'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
UNP	1.09	(0.06)	0.00	(0.04)	0.00	0.00	2.70	(1.75)	9.33
CY2	0.89	(0.15)	0.00	(0.18)	0.00	0.00	2.07	(2.02)	7.16
CXR	1.35	(0.05)	0.00	(0.02)	0.00	0.00	3.08	(2.44)	10.67
MRI	1.09	0.07	0.03	0.50	1.26	(1.41)	3.11	(1.81)	8.37
C2L	1.53	0.29	0.07	(2.56)	1.74	(3.67)	5.08	(3.17)	16.51
JAP	0.98	(0.26)	0.00	(0.75)	0.00	0.00	1.45	(2.26)	6.86
EJR	1.45	(0.14)	0.00	1.51	0.00	0.00	2.93	(3.26)	8.34
WB2	0.96	0.20	0.20	0.50	0.79	(1.20)	2.03	(1.30)	9.99

Be your own money manager

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

Elected by the shareholders, the CRRC's board of directors comprises two types of representatives: CRRC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CRRC. The board's role is to monitor CRRC's management team and ensure that shareholders' interests are well served. CRRC'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, CRRC's outside directors are responsible for providing unbiased perspectives on the board's policies.

An Wang	Ex Director	Profile
Jun Wang	VP	Profile
Yunshuang Ma	VP	Profile
Qiliang Lou	Pres Director	Profile
Zheng Li	CFO Accountant	Profile
Shaoping Xiao	Joint Sec	Profile
Jian Wang	Director Sec	Profile

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