Levima Advanced Correlations
| 003022 Stock | 19.35 0.17 0.87% |
The current 90-days correlation between Levima Advanced Materials and Jinhui Mining Co is 0.26 (i.e., Modest diversification). The correlation of Levima Advanced 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.
Levima Advanced Correlation With Market
Average diversification
The correlation between Levima Advanced Materials and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Levima Advanced Materials and DJI in the same portfolio, assuming nothing else is changed.
Levima |
The ability to find closely correlated positions to Levima Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Levima Advanced 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 Levima Advanced - 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 Levima Advanced Materials to buy it.
Moving together with Levima Stock
| 0.74 | 601899 | Zijin Mining Group | PairCorr |
| 0.75 | 600309 | Wanhua Chemical Group Earnings Call This Week | PairCorr |
| 0.76 | 600547 | Shandong Gold Mining Earnings Call This Week | PairCorr |
| 0.67 | 002460 | Jiangxi Ganfeng Lithium Earnings Call This Week | PairCorr |
| 0.92 | 600160 | Zhejiang Juhua | PairCorr |
| 0.67 | 002493 | Rongsheng Petrochemical | PairCorr |
| 0.84 | 000807 | Yunnan Aluminium | PairCorr |
| 0.74 | 000630 | Tongling Nonferrous | PairCorr |
| 0.85 | 603360 | Dalian Bio Chem | PairCorr |
| 0.81 | 002571 | Anhui Deli Household | PairCorr |
Moving against Levima Stock
| 0.85 | 601998 | China Citic Bank | PairCorr |
| 0.84 | 601939 | China Construction Bank Earnings Call This Week | PairCorr |
| 0.84 | 601328 | Bank of Communications Earnings Call This Week | PairCorr |
| 0.84 | 600036 | China Merchants Bank Earnings Call This Week | PairCorr |
| 0.79 | 601166 | Industrial Bank Earnings Call This Week | PairCorr |
| 0.72 | 601398 | Industrial and Commercial Earnings Call This Week | PairCorr |
| 0.64 | 601988 | Bank of China Earnings Call This Week | PairCorr |
| 0.62 | 600019 | Baoshan Iron Steel Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.85 | 0.82 | 0.77 | 0.88 | 0.72 | 0.86 | 603132 | ||
| 0.85 | 0.82 | 0.8 | 0.88 | 0.88 | 0.76 | 601121 | ||
| 0.82 | 0.82 | 0.95 | 0.95 | 0.72 | 0.9 | 601899 | ||
| 0.77 | 0.8 | 0.95 | 0.93 | 0.7 | 0.84 | 000737 | ||
| 0.88 | 0.88 | 0.95 | 0.93 | 0.77 | 0.87 | 000630 | ||
| 0.72 | 0.88 | 0.72 | 0.7 | 0.77 | 0.59 | 601969 | ||
| 0.86 | 0.76 | 0.9 | 0.84 | 0.87 | 0.59 | 603979 | ||
Risk-Adjusted Indicators
There is a big difference between Levima Stock performing well and Levima Advanced 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 Levima Advanced'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 603132 | 1.38 | 0.15 | 0.05 | (0.82) | 1.60 | 2.64 | 7.89 | |||
| 601121 | 1.45 | 0.23 | 0.09 | (1.35) | 1.41 | 4.11 | 9.61 | |||
| 601899 | 1.92 | 0.65 | 0.28 | 1.15 | 1.67 | 5.63 | 15.74 | |||
| 000737 | 2.48 | 0.56 | 0.18 | (5.83) | 2.39 | 10.01 | 15.60 | |||
| 000630 | 2.54 | 0.74 | 0.28 | 2.09 | 1.99 | 8.12 | 15.46 | |||
| 601969 | 1.80 | 0.38 | 0.13 | (0.44) | 1.76 | 4.28 | 14.71 | |||
| 603979 | 2.48 | 0.46 | 0.13 | 0.48 | 2.94 | 6.89 | 17.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Levima Advanced 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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Levima Advanced Corporate Executives
Elected by the shareholders, the Levima Advanced's board of directors comprises two types of representatives: Levima Advanced inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Levima. The board's role is to monitor Levima Advanced's management team and ensure that shareholders' interests are well served. Levima Advanced'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, Levima Advanced's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wenquan Cai | CFO, VP | Profile |