Grand Baoxin Correlations
| GBXXY Stock | USD 0.09 0.00 0.00% |
The current 90-days correlation between Grand Baoxin Auto and CarMax Inc is 0.03 (i.e., Significant diversification). The correlation of Grand Baoxin 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.
Grand Baoxin Correlation With Market
Significant diversification
The correlation between Grand Baoxin Auto and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grand Baoxin Auto and DJI in the same portfolio, assuming nothing else is changed.
Grand |
The ability to find closely correlated positions to Grand Baoxin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grand Baoxin 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 Grand Baoxin - 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 Grand Baoxin Auto to buy it.
Moving together with Grand Pink Sheet
Moving against Grand Pink Sheet
| 0.51 | GPI | Group 1 Automotive | PairCorr |
| 0.43 | GSTX | Graphene Solar Techn | PairCorr |
| 0.42 | KMX | CarMax Inc | PairCorr |
| 0.34 | AN | AutoNation | PairCorr |
| 0.91 | CSBR | Champions Oncology | PairCorr |
| 0.8 | TATT | Tat Techno | PairCorr |
| 0.78 | EZFL | EzFill Holdings Tech Boost | PairCorr |
| 0.72 | IONQ | IONQ Inc Downward Rally | PairCorr |
| 0.72 | CTM | Castellum | PairCorr |
| 0.71 | CLS | Celestica Earnings Call This Week | PairCorr |
| 0.67 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.62 | GPOR | Gulfport Energy Operating | PairCorr |
| 0.54 | CRWD | Crowdstrike Holdings | PairCorr |
| 0.49 | APP | Applovin Corp | PairCorr |
| 0.45 | CPXWF | Capital Power | PairCorr |
| 0.38 | CCL | Carnival Aggressive Push | PairCorr |
| 0.89 | ALK | Alaska Air Group Earnings Call This Week | PairCorr |
| 0.83 | ECOR | Electrocore LLC | PairCorr |
| 0.76 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.73 | LCID | Lucid Group | PairCorr |
| 0.64 | KODK | Eastman Kodak | PairCorr |
| 0.52 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Grand Pink Sheet performing well and Grand Baoxin 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 Grand Baoxin'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPRT | 1.10 | 0.04 | 0.02 | 0.09 | 1.16 | 1.86 | 13.00 | |||
| ZSHGY | 1.66 | 0.18 | 0.02 | (1.23) | 2.98 | 6.38 | 51.05 | |||
| ZHSHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KMX | 1.34 | 0.11 | 0.07 | 0.17 | 1.45 | 3.55 | 9.56 | |||
| PAG | 1.02 | 0.06 | 0.04 | 0.14 | 1.12 | 2.22 | 7.57 | |||
| SIETY | 24.93 | 6.80 | 0.22 | (41.79) | 18.55 | 89.25 | 187.58 | |||
| SIEVF | 1.00 | (0.40) | 0.00 | (1.57) | 0.00 | 2.01 | 21.53 | |||
| LAD | 1.36 | 0.20 | 0.13 | 0.40 | 1.24 | 3.06 | 13.82 | |||
| AN | 1.21 | 0.15 | 0.09 | 0.32 | 1.37 | 2.67 | 7.41 | |||
| GPI | 1.34 | 0.35 | 0.21 | 0.83 | 1.19 | 2.86 | 11.29 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Grand Baoxin 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?
Run Equity Analysis Now
Equity AnalysisResearch over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |
| All Next | Launch Module |