Shanghai Electric Correlations
| SIELY Stock | USD 7.10 0.53 6.95% |
The current 90-days correlation between Shanghai Electric and Xinjiang Goldwind Science is -0.01 (i.e., Good diversification). The correlation of Shanghai Electric 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.
Shanghai Electric Correlation With Market
Good diversification
The correlation between Shanghai Electric Group and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shanghai Electric Group and DJI in the same portfolio, assuming nothing else is changed.
Shanghai |
The ability to find closely correlated positions to Shanghai Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shanghai Electric 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 Shanghai Electric - 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 Shanghai Electric Group to buy it.
Moving together with Shanghai Pink Sheet
| 0.78 | ETN | Eaton PLC | PairCorr |
| 0.82 | PH | Parker Hannifin | PairCorr |
| 0.78 | ITW | Illinois Tool Works | PairCorr |
| 0.83 | EMR | Emerson Electric | PairCorr |
| 0.68 | SSNLF | Samsung Electronics | PairCorr |
| 0.7 | PTAIF | PT Astra International | PairCorr |
| 0.65 | HPQ | HP Inc | PairCorr |
| 0.85 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.71 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.78 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.82 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.71 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.84 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.81 | CVX | Chevron Corp Sell-off Trend | PairCorr |
Moving against Shanghai Pink Sheet
| 0.89 | BKRKY | Bank Rakyat | PairCorr |
| 0.88 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.81 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.74 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.66 | PBCRY | Bank Central Asia | PairCorr |
| 0.52 | PTAIY | Astra International Tbk | PairCorr |
| 0.94 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.92 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.84 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.79 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.65 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.47 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.33 | PG | Procter Gamble Sell-off Trend | PairCorr |
Related Correlations Analysis
| -0.28 | -0.79 | 0.54 | 0.71 | XJNGF | ||
| -0.28 | 0.06 | -0.29 | -0.27 | WEICY | ||
| -0.79 | 0.06 | -0.56 | -0.67 | WEICF | ||
| 0.54 | -0.29 | -0.56 | 0.89 | AMSC | ||
| 0.71 | -0.27 | -0.67 | 0.89 | CMI | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Shanghai Pink Sheet performing well and Shanghai Electric 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 Shanghai Electric'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XJNGF | 2.81 | 0.80 | 0.06 | (0.62) | 3.46 | 18.18 | 49.58 | |||
| WEICY | 1.98 | (0.06) | 0.00 | 0.24 | 0.00 | 3.25 | 15.44 | |||
| WEICF | 0.92 | (0.06) | 0.00 | 0.23 | 0.00 | 0.00 | 22.36 | |||
| AMSC | 4.52 | 0.60 | 0.20 | 0.31 | 4.00 | 13.41 | 33.53 | |||
| CMI | 1.09 | 0.18 | 0.19 | 0.29 | 0.75 | 2.82 | 10.54 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shanghai Electric 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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Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
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Shanghai Electric Corporate Management
| Mingjie Zhang | Chief Officer | Profile | |
| Zhiyan Zhou | Sec CFO | Profile | |
| Jianhua Dong | Ex VP | Profile | |
| Zhiqiang Gu | VP | Profile | |
| Ping Liu | Pres Director | Profile | |
| Weiqing Leng | Chairlady CEO | Profile | |
| Zhaokai Zhu | Ex Director | Profile |