Anhui Huilong Correlations

002556 Stock

6.02 0.19 3.26%

The current 90-days correlation between Anhui Huilong Agricu and XinJiang GuoTong Pipeline is 0.06 (i.e., Significant diversification). The correlation of Anhui Huilong 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.

Anhui Huilong Correlation With Market

Weak diversification

The correlation between Anhui Huilong Agricultural and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anhui Huilong Agricultural and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Anhui Stock

0.83	600019	Baoshan Iron Steel	Pair Corr
0.81	002493	Rongsheng Petrochemical	Pair Corr
0.82	000807	Yunnan Aluminium	Pair Corr
0.81	601318	Ping An Insurance	Pair Corr
0.87	002432	Andon Health	Pair Corr
0.64	300841	Chengdu Kanghua Biol	Pair Corr
0.65	300268	Joyvio Agriculture	Pair Corr
0.86	600507	Fangda Special Steel	Pair Corr
0.83	002333	ZYF Lopsking Aluminum	Pair Corr
0.73	002054	Dymatic Chemicals	Pair Corr
0.83	600249	Liuzhou Liangmianzhen	Pair Corr
0.77	000895	Henan Shuanghui Inve	Pair Corr
0.86	603787	Jiangsu Xinri E	Pair Corr
0.72	000609	Beijing Mainstreets	Pair Corr

Moving against Anhui Stock

0.64	000661	Changchun High New	Pair Corr
0.63	600547	Shandong Gold Mining	Pair Corr
0.62	603444	G bits Network	Pair Corr
0.48	600160	Zhejiang Juhua	Pair Corr
0.71	688169	Beijing Roborock Tec	Pair Corr

Related Correlations Analysis

	002792	601328	000995	002205	002465	600345	300563	603800
002792		0.51	-0.76	0.15	-0.28	-0.11	-0.35	-0.39	002792
601328	0.51		-0.58	0.55	-0.4	-0.43	-0.67	-0.62	601328
000995	-0.76	-0.58		-0.54	0.62	0.52	0.59	0.61	000995
002205	0.15	0.55	-0.54		-0.61	-0.7	-0.55	-0.52	002205
002465	-0.28	-0.4	0.62	-0.61		0.84	0.73	0.44	002465
600345	-0.11	-0.43	0.52	-0.7	0.84		0.69	0.52	600345
300563	-0.35	-0.67	0.59	-0.55	0.73	0.69		0.41	300563
603800	-0.39	-0.62	0.61	-0.52	0.44	0.52	0.41		603800
	002792	601328	000995	002205	002465	600345	300563	603800

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

600345	+ 0.84	002465
300563	+ 0.73	002465
300563	+ 0.69	600345
002465	+ 0.62	000995
603800	+ 0.61	000995
300563	+ 0.59	000995

High negative correlations

000995	- 0.76	002792
600345	- 0.7	002205
300563	- 0.67	601328
603800	- 0.62	601328
002465	- 0.61	002205
000995	- 0.58	601328

Risk-Adjusted Indicators

There is a big difference between Anhui Stock performing well and Anhui Huilong 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 Anhui Huilong'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
002792	2.91	0.71	0.24	1.74	2.45	(3.54)	9.99	(4.29)	12.86
601328	0.92	(0.01)	(0.06)	(0.02)	1.06	(1.02)	1.91	(1.89)	4.01
000995	1.33	(0.28)	0.00	(0.56)	0.00	0.00	2.38	(2.52)	9.50
002205	2.79	0.03	0.00	0.12	3.55	(3.15)	5.63	(6.92)	19.01
002465	1.68	(0.22)	0.00	(0.46)	0.00	0.00	3.00	(3.50)	11.74
600345	2.05	(0.12)	0.00	(0.21)	0.00	0.00	4.31	(4.34)	10.41
300563	2.11	(0.18)	0.00	(0.15)	0.00	0.00	5.12	(4.86)	18.83
603800	2.95	(0.10)	0.00	(0.07)	0.00	0.00	7.63	(6.00)	17.20

Be your own money manager

Our tools can tell you how much better you can do entering a position in Anhui Huilong 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?

Run Top Crypto Exchanges Now

Top Crypto Exchanges

Search and analyze digital assets across top global cryptocurrency exchanges

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC