Sunny Optical Correlations

Stocks . Germany . 
Stock . Sunny Optical Technology
SXC Stock  EUR 9.85  0.04  0.41%   
The current 90-days correlation between Sunny Optical Technology and Corning Incorporated is 0.15 (i.e., Average diversification). The correlation of Sunny Optical 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.

Sunny Optical Correlation With Market

Average diversification

The correlation between Sunny Optical Technology and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunny Optical Technology and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sunny Optical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sunny Optical 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 Sunny Optical - 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 Sunny Optical Technology to buy it.

Moving together with Sunny Stock

  0.79MUR1 Murata ManufacturingPairCorr
  0.79LLD2 Lloyds Banking GroupPairCorr
  0.72TKDA Takeda PharmaceuticalPairCorr
  0.73W8V Bank of China Earnings Call TodayPairCorr
  0.68JYS1 JYSKE BANKPairCorr
  0.92SOBA ATT IncPairCorr
  0.72BRH Berkshire HathawayPairCorr
  0.67TKA thyssenkrupp AGPairCorr
  0.825TP BLUE LABELPairCorr
  0.9BY6A BYD LimitedPairCorr
  0.873RE Rejlerkoncernen ABPairCorr
  0.89TLLB Trelleborg ABPairCorr
  0.75BSN Danone SAPairCorr
  0.61T62 TOHO ZINC LTDPairCorr
  0.81ROM Rohm CoPairCorr
  0.78HUKI HUHTAMAKIPairCorr
  0.78KEI KEISEI EL RAILWAY SplitPairCorr
  0.88E908 Lyxor 1PairCorr
  0.83DBPE Xtrackers LevDAXPairCorr

Moving against Sunny Stock

  0.74TDK TDK CorporationPairCorr
  0.72HUEC Hubbell IncorporatedPairCorr
  0.72SID State BankPairCorr
  0.68KBIA KB Financial GroupPairCorr
  0.64XPH AmphenolPairCorr
  0.59OIX ORIXPairCorr
  0.51XSDG Samsung SDIPairCorr
  0.35HHP2 Hon Hai PrecisionPairCorr
  0.82DBPD Xtrackers ShortDAXPairCorr
  0.45T9V TASTY PLC LSPairCorr
  0.39TTO TTL Beteiligungs undPairCorr

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   
TDK
+ 0.89
HUEC
HUEC
+ 0.85
XPH
SXC
+ 0.79
MUR1
TDK
+ 0.78
XPH
HUEC
+ 0.78
XSDG
TDK
+ 0.77
XSDG
  
High negative correlations   
TDK
- 0.74
SXC
HUEC
- 0.72
SXC
SXC
- 0.64
XPH
MIE1
- 0.6
GLW
MIE1
- 0.52
HHP2
SXC
- 0.51
XSDG

Risk-Adjusted Indicators

There is a big difference between Sunny Stock performing well and Sunny Optical 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 Sunny Optical'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sunny Optical 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.

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Sunny Optical Corporate Management

Elected by the shareholders, the Sunny Optical's board of directors comprises two types of representatives: Sunny Optical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sunny. The board's role is to monitor Sunny Optical's management team and ensure that shareholders' interests are well served. Sunny Optical'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, Sunny Optical's outside directors are responsible for providing unbiased perspectives on the board's policies.
Wenjian WangFounder ChairmanProfile
Liaoning YeFounder ChairmanProfile
Guojun LouGM LtdProfile
Wenjie WangExec DirectorProfile
Yunfeng SongDeputy LtdProfile
Yang SunPres CEOProfile
Jianfeng MaVP CFOProfile
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