Great Wall Correlations
| GWLLY Stock | USD 18.40 0.65 3.41% |
The current 90-days correlation between Great Wall Motor and Volkswagen AG 110 is 0.08 (i.e., Significant diversification). The correlation of Great Wall 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.
Great Wall Correlation With Market
Very good diversification
The correlation between Great Wall Motor and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great Wall Motor and DJI in the same portfolio, assuming nothing else is changed.
Great |
The ability to find closely correlated positions to Great Wall could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Wall 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 Great Wall - 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 Great Wall Motor to buy it.
Moving together with Great Pink Sheet
| 0.77 | BYDDY | BYD Co | PairCorr |
| 0.78 | BYDDF | BYD Limited | PairCorr |
| 0.63 | SSNLF | Samsung Electronics | PairCorr |
| 0.66 | IQ | iQIYI Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.97 | 0.72 | 0.98 | 0.59 | VWAGY | ||
| 0.97 | 0.76 | 0.98 | 0.56 | POAHF | ||
| 0.72 | 0.76 | 0.76 | 0.42 | RACE | ||
| 0.98 | 0.98 | 0.76 | 0.55 | POAHY | ||
| 0.59 | 0.56 | 0.42 | 0.55 | STLA | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Great Pink Sheet performing well and Great Wall 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 Great Wall'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VWAGY | 1.46 | (0.17) | 0.00 | 0.64 | 0.00 | 2.64 | 8.96 | |||
| POAHF | 1.92 | (0.17) | 0.00 | 0.41 | 0.00 | 3.66 | 11.47 | |||
| RACE | 1.12 | 0.01 | 0.00 | 0.10 | 0.00 | 2.56 | 10.98 | |||
| POAHY | 1.35 | (0.21) | 0.00 | 1.75 | 0.00 | 2.27 | 10.40 | |||
| STLA | 1.87 | (0.17) | 0.00 | (0.22) | 0.00 | 3.00 | 15.52 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Great Wall 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 Analyst Advice Now
Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
| All Next | Launch Module |