Zhejiang Yueling Correlations
| 002725 Stock | 15.60 0.15 0.97% |
The current 90-days correlation between Zhejiang Yueling and Shenzhen Jinxinnong Feed is 0.17 (i.e., Average diversification). The correlation of Zhejiang Yueling 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.
Zhejiang Yueling Correlation With Market
Average diversification
The correlation between Zhejiang Yueling Co and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhejiang Yueling Co and DJI in the same portfolio, assuming nothing else is changed.
Zhejiang |
The ability to find closely correlated positions to Zhejiang Yueling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhejiang Yueling 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 Zhejiang Yueling - 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 Zhejiang Yueling Co to buy it.
Moving together with Zhejiang Stock
Moving against Zhejiang Stock
| 0.68 | 600258 | BTG Hotels Group | PairCorr |
| 0.6 | 603317 | Sichuan Teway Food | PairCorr |
| 0.51 | 688196 | Longyan Zhuoyue New | PairCorr |
| 0.38 | 600941 | China Mobile Limited | PairCorr |
| 0.37 | 601318 | Ping An Insurance | PairCorr |
| 0.36 | 600519 | Kweichow Moutai | PairCorr |
| 0.63 | 002991 | Gan Yuan Foods | PairCorr |
| 0.46 | 300058 | BlueFocus Communication | PairCorr |
| 0.45 | 601328 | Bank of Communications | PairCorr |
| 0.42 | 003027 | Tongxing Environmental | PairCorr |
| 0.34 | 002400 | Guangdong Advertising | PairCorr |
| 0.33 | 300841 | Chengdu Kanghua Biol | 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 Zhejiang Stock performing well and Zhejiang Yueling 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 Zhejiang Yueling'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 002548 | 2.20 | 0.39 | 0.20 | 0.37 | 1.82 | 5.49 | 14.35 | |||
| 600519 | 0.65 | (0.05) | 0.00 | (0.16) | 0.00 | 1.80 | 4.36 | |||
| 603444 | 2.34 | (0.03) | 0.00 | 1.35 | 0.00 | 5.67 | 18.21 | |||
| 300750 | 2.19 | 0.51 | 0.19 | 3.54 | 1.86 | 6.93 | 17.19 | |||
| 600941 | 0.51 | (0.01) | 0.00 | 0.17 | 0.00 | 1.10 | 3.16 | |||
| 000661 | 1.88 | (0.01) | 0.00 | 0.51 | 0.00 | 5.45 | 15.72 | |||
| 601318 | 0.87 | (0.04) | (0.08) | (0.02) | 1.09 | 1.83 | 4.65 | |||
| 688169 | 1.81 | (0.44) | 0.00 | (0.98) | 0.00 | 3.50 | 18.83 | |||
| 002432 | 1.04 | 0.02 | (0.04) | 0.17 | 1.17 | 2.08 | 12.79 |
Be your own money manager
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Zhejiang Yueling Corporate Management
Elected by the shareholders, the Zhejiang Yueling's board of directors comprises two types of representatives: Zhejiang Yueling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zhejiang. The board's role is to monitor Zhejiang Yueling's management team and ensure that shareholders' interests are well served. Zhejiang Yueling'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, Zhejiang Yueling's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Zhen Chen | Deputy Secretary | Profile | |
| Junfei Zhu | Accounting Supervisor | Profile | |
| Qing Chen | F Department | Profile | |
| Gaohui Ruan | Chief Officer | Profile |