Dalian Zeus Correlations

002354 Stock

7.17 0.13 1.85%

The current 90-days correlation between Dalian Zeus Entertainment and Industrial and Commercial is 0.29 (i.e., Modest diversification). The correlation of Dalian Zeus 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.

Dalian Zeus Correlation With Market

Good diversification

The correlation between Dalian Zeus Entertainment 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 Dalian Zeus Entertainment and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Dalian Zeus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dalian Zeus 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 Dalian Zeus - 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 Dalian Zeus Entertainment to buy it.

Moving against Dalian Stock

0.79	300750	Contemporary Amperex	Pair Corr
0.75	603389	A Zenith Home	Pair Corr
0.72	600323	Grandblue Environment	Pair Corr
0.71	300919	Cngr Advanced Material	Pair Corr
0.69	000969	Advanced Technology	Pair Corr
0.68	300207	Sunwoda Electronic	Pair Corr
0.63	002407	Do Fluoride Chemicals	Pair Corr
0.57	002822	Shenzhen Zhongzhuang	Pair Corr
0.56	002466	Sichuan Tianqi Lithium	Pair Corr
0.55	601288	Agricultural Bank	Pair Corr
0.54	002108	Cangzhou Mingzhu Plastic	Pair Corr
0.51	600901	Jiangsu Financial Leasing	Pair Corr
0.46	601398	Industrial and Commercial	Pair Corr
0.35	002228	Xiamen Hexing Packaging	Pair Corr
0.34	601857	PetroChina	Pair Corr
0.31	601939	China Construction Bank	Pair Corr

Related Correlations Analysis

	601398	601288	601939	601988	601658	601328	601318	600036	601166	601998
601398		0.92	0.92	0.82	-0.36	0.65	0.65	0.44	0.12	0.61	601398
601288	0.92		0.89	0.69	-0.34	0.56	0.65	0.37	0.05	0.65	601288
601939	0.92	0.89		0.89	-0.14	0.79	0.76	0.63	0.32	0.77	601939
601988	0.82	0.69	0.89		-0.01	0.87	0.77	0.66	0.46	0.65	601988
601658	-0.36	-0.34	-0.14	-0.01		0.26	0.18	0.43	0.57	0.25	601658
601328	0.65	0.56	0.79	0.87	0.26		0.92	0.89	0.8	0.84	601328
601318	0.65	0.65	0.76	0.77	0.18	0.92		0.85	0.74	0.87	601318
600036	0.44	0.37	0.63	0.66	0.43	0.89	0.85		0.9	0.84	600036
601166	0.12	0.05	0.32	0.46	0.57	0.8	0.74	0.9		0.69	601166
601998	0.61	0.65	0.77	0.65	0.25	0.84	0.87	0.84	0.69		601998
	601398	601288	601939	601988	601658	601328	601318	600036	601166	601998

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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

601288	+ 0.92	601398
601939	+ 0.92	601398
601318	+ 0.92	601328
601166	+ 0.9	600036
601939	+ 0.89	601288
601988	+ 0.89	601939

High negative correlations

601658	- 0.36	601398
601658	- 0.34	601288
601658	- 0.14	601939
601658	- 0.01	601988

Risk-Adjusted Indicators

There is a big difference between Dalian Stock performing well and Dalian Zeus 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 Dalian Zeus' 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
601398	0.82	0.16	0.09	(0.63)	0.80	(0.93)	2.57	(1.72)	5.17
601288	1.31	0.23	0.13	1.77	1.24	(1.55)	3.03	(2.34)	8.10
601939	0.86	0.12	0.05	(0.58)	0.89	(1.01)	2.30	(1.63)	5.26
601988	0.90	0.22	0.16	(1.04)	0.66	(1.17)	1.99	(1.78)	5.91
601658	1.06	(0.04)	0.00	0.36	0.00	0.00	2.42	(2.40)	7.42
601328	0.91	0.06	0.00	(0.28)	1.05	(1.00)	1.91	(1.93)	4.01
601318	0.97	0.02	(0.04)	0.00	1.26	(0.98)	1.83	(2.14)	4.74
600036	0.83	0.00	0.00	0.06	0.00	0.00	2.20	(1.76)	5.70
601166	0.90	(0.08)	0.00	0.45	0.00	0.00	1.76	(1.76)	4.70
601998	1.17	0.00	0.00	0.05	0.00	0.00	2.70	(1.75)	6.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dalian Zeus 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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