China Gold Correlations
| JINFF Stock | USD 5.04 0.18 3.70% |
The current 90-days correlation between China Gold International and SilverCrest Metals is -0.04 (i.e., Good diversification). The correlation of China Gold 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.
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The ability to find closely correlated positions to China Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Gold 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 China Gold - 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 China Gold International to buy it.
Moving together with China Pink Sheet
| 0.72 | PCTTW | PureCycle Technologies | PairCorr |
| 0.76 | GCMGW | GCM Grosvenor | PairCorr |
| 0.71 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.66 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.72 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.61 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.66 | HD | Home Depot | PairCorr |
| 0.61 | DIS | Walt Disney | PairCorr |
| 0.77 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against China Pink Sheet
| 0.62 | GOEVW | Canoo Holdings | PairCorr |
| 0.59 | CHKEZ | Chesapeake Energy Symbol Change | PairCorr |
| 0.43 | CHKEL | Chesapeake Energy Symbol Change | PairCorr |
| 0.63 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.6 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.58 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.57 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
Related Correlations Analysis
| 0.78 | 0.44 | 0.77 | 0.26 | 0.74 | SILV | ||
| 0.78 | 0.65 | 0.9 | 0.29 | 0.9 | EXK | ||
| 0.44 | 0.65 | 0.72 | 0.76 | 0.78 | MTA | ||
| 0.77 | 0.9 | 0.72 | 0.39 | 0.85 | NEWP | ||
| 0.26 | 0.29 | 0.76 | 0.39 | 0.54 | HL | ||
| 0.74 | 0.9 | 0.78 | 0.85 | 0.54 | GATO | ||
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Risk-Adjusted Indicators
There is a big difference between China Pink Sheet performing well and China Gold 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 China Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SILV | 2.96 | 0.60 | 0.17 | 5.98 | 2.63 | 8.37 | 16.03 | |||
| EXK | 3.14 | 0.62 | 0.15 | (2.11) | 2.72 | 7.74 | 21.38 | |||
| MTA | 2.57 | (0.14) | 0.00 | (0.01) | 0.00 | 6.98 | 20.05 | |||
| NEWP | 3.15 | 0.26 | 0.09 | 0.31 | 3.03 | 7.19 | 24.14 | |||
| HL | 2.40 | 0.17 | 0.02 | (1.10) | 2.38 | 6.34 | 14.22 | |||
| GATO | 3.02 | 0.66 | 0.18 | (1.33) | 2.31 | 7.11 | 20.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in China Gold 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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China Gold Corporate Management
| Jerry Xie | Executive VP, Corporate Secretary and Member of Disclosure Committee | Profile | |
| Yuehe Lu | Chief Officer | Profile | |
| Michael Page | Consultant, VP | Profile | |
| Huan Cai | Senior Engineer | Profile | |
| Junhu Tong | Ex CEO | Profile | |
| Na Tian | Ex Director | Profile | |
| Saundra Karlson | Assistant Sec | Profile |