Nanjing Panda Correlations
| NNJ Stock | EUR 0.33 0.00 0.00% |
The current 90-days correlation between Nanjing Panda Electronics and Superior Plus Corp is -0.12 (i.e., Good diversification). The correlation of Nanjing Panda 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.
Nanjing Panda Correlation With Market
Significant diversification
The correlation between Nanjing Panda Electronics and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nanjing Panda Electronics and DJI in the same portfolio, assuming nothing else is changed.
Nanjing |
The ability to find closely correlated positions to Nanjing Panda could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nanjing Panda 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 Nanjing Panda - 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 Nanjing Panda Electronics to buy it.
Moving together with Nanjing Stock
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Nanjing Stock performing well and Nanjing Panda 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 Nanjing Panda'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HHP2 | 1.99 | (0.07) | 0.00 | (0.09) | 0.00 | 4.50 | 14.07 | |||
| SXC | 2.74 | 0.49 | 0.13 | (0.95) | 3.37 | 6.27 | 20.55 | |||
| 8SP | 2.07 | (0.18) | 0.00 | 0.31 | 0.00 | 3.05 | 20.22 | |||
| 6NM | 1.20 | (0.03) | 0.00 | 0.13 | 0.00 | 2.89 | 9.64 | |||
| 2DG | 5.88 | (0.26) | 0.00 | (0.42) | 0.00 | 13.64 | 52.42 | |||
| TLX | 1.08 | 0.15 | 0.10 | (0.89) | 1.14 | 2.67 | 7.58 | |||
| TM9 | 2.81 | (0.10) | 0.00 | 1.59 | 0.00 | 7.26 | 30.27 | |||
| INVN | 2.18 | 0.22 | 0.08 | (2.57) | 2.47 | 5.45 | 14.01 | |||
| NOH1 | 1.66 | (0.09) | 0.00 | 39.37 | 0.00 | 3.86 | 13.52 | |||
| TAX | 1.17 | 0.15 | 0.07 | (1.86) | 1.27 | 2.86 | 10.78 |
Nanjing Panda Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nanjing Panda stock to make a market-neutral strategy. Peer analysis of Nanjing Panda could also be used in its relative valuation, which is a method of valuing Nanjing Panda by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nanjing Panda Corporate Management
Elected by the shareholders, the Nanjing Panda's board of directors comprises two types of representatives: Nanjing Panda inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nanjing. The board's role is to monitor Nanjing Panda's management team and ensure that shareholders' interests are well served. Nanjing Panda'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, Nanjing Panda's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kun Liu | Deputy Mang | Profile | |
| Xianfang Liu | Head Department | Profile | |
| Guixiang Zhou | Ex Chairman | Profile | |
| Bo Shao | Deputy Mang | Profile | |
| Dechuan Xia | GM Chairman | Profile | |
| Dongdong Wang | Company Board | Profile | |
| Dali Hu | Chief Controller | Profile |