Chengdu Xingrong Correlations
| 000598 Stock | 6.85 0.11 1.63% |
The current 90-days correlation between Chengdu Xingrong Inv and China Publishing Media is 0.16 (i.e., Average diversification). The correlation of Chengdu Xingrong 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.
Chengdu Xingrong Correlation With Market
Good diversification
The correlation between Chengdu Xingrong Investment and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chengdu Xingrong Investment and DJI in the same portfolio, assuming nothing else is changed.
Chengdu |
The ability to find closely correlated positions to Chengdu Xingrong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chengdu Xingrong 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 Chengdu Xingrong - 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 Chengdu Xingrong Investment to buy it.
Moving together with Chengdu Stock
| 0.65 | 600028 | China Petroleum Chemical | PairCorr |
| 0.91 | 601668 | China State Construction | PairCorr |
| 0.69 | 601186 | China Railway Constr | PairCorr |
| 0.92 | 600941 | China Mobile Limited | PairCorr |
| 0.72 | 601398 | Industrial and Commercial | PairCorr |
Moving against Chengdu Stock
| 0.9 | 002289 | Success Electronics | PairCorr |
| 0.89 | 600243 | Qinghaihuading Industrial | PairCorr |
| 0.84 | 300068 | Zhejiang Narada Power | PairCorr |
| 0.84 | 688219 | Orinko Advanced Plastics | PairCorr |
| 0.83 | 002466 | Sichuan Tianqi Lithium | PairCorr |
| 0.82 | 300905 | Poly Plastic Masterbatch | PairCorr |
| 0.81 | 300751 | Suzhou Maxwell Techn | PairCorr |
| 0.8 | 900908 | Shanghai Chlor Alkali | PairCorr |
| 0.58 | 301000 | Shanghai Hajime Advanced | PairCorr |
| 0.57 | 300279 | Wuxi Hodgen Technology | PairCorr |
| 0.4 | 600587 | Shinva Medical Instrument | PairCorr |
| 0.38 | 300755 | Vats Liquor Chain | PairCorr |
Related Correlations Analysis
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 Chengdu Stock performing well and Chengdu Xingrong 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 Chengdu Xingrong'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 603357 | 0.71 | 0.01 | (0.01) | (0.04) | 0.94 | 1.06 | 5.81 | |||
| 603069 | 1.86 | 0.13 | 0.04 | (0.12) | 2.27 | 4.44 | 14.78 | |||
| 002714 | 1.33 | 0.32 | 0.22 | (1.55) | 1.07 | 3.63 | 9.73 | |||
| 601949 | 0.78 | 0.05 | 0.02 | (0.23) | 0.95 | 2.38 | 5.70 | |||
| 002605 | 1.16 | 0.01 | (0.01) | (0.02) | 1.37 | 2.38 | 8.78 | |||
| 603600 | 1.10 | 0.05 | 0.01 | (0.07) | 1.42 | 1.60 | 8.69 | |||
| 002682 | 1.15 | (0.16) | 0.00 | 0.95 | 0.00 | 1.82 | 6.14 | |||
| 300973 | 1.46 | (0.15) | 0.00 | 0.41 | 0.00 | 3.27 | 9.25 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Chengdu Xingrong 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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Chengdu Xingrong Corporate Management
Elected by the shareholders, the Chengdu Xingrong's board of directors comprises two types of representatives: Chengdu Xingrong inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chengdu. The board's role is to monitor Chengdu Xingrong's management team and ensure that shareholders' interests are well served. Chengdu Xingrong'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, Chengdu Xingrong's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Chenghao Yang | Deputy Officer | Profile | |
| Jie Liu | Secretary GM | Profile | |
| Penghua Lan | Deputy Manager | Profile | |
| Lu Zhao | Board Secretary | Profile |