MeHow Innovative Correlations

Stocks . China . 
Stock . MeHow Innovative Ltd
301363 Stock   20.50  0.04  0.20%   
The current 90-days correlation between MeHow Innovative and Jinhui Liquor Co is -0.15 (i.e., Good diversification). The correlation of MeHow Innovative 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.

MeHow Innovative Correlation With Market

Good diversification

The correlation between MeHow Innovative Ltd and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MeHow Innovative Ltd and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to MeHow Innovative could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MeHow Innovative 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 MeHow Innovative - 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 MeHow Innovative Ltd to buy it.

Moving against MeHow Stock

  0.76301286 Sichuan Qiaoyuan GasPairCorr
  0.68601857 PetroChinaPairCorr
  0.66688586 Hefei Jianghang AircraftPairCorr
  0.65601328 Bank of CommunicationsPairCorr
  0.63601988 Bank of ChinaPairCorr
  0.6601318 Ping An InsurancePairCorr
  0.59601939 China Construction BankPairCorr
  0.58601398 Industrial and CommercialPairCorr
  0.56600236 Guangxi Guiguan ElectricPairCorr
  0.55601288 Agricultural BankPairCorr
  0.55605338 Zhongyin Babi FoodPairCorr
  0.54000572 Haima AutomobilePairCorr
  0.53603536 Shandong Huifa FoodstuffPairCorr
  0.53002952 Yes OptoelectronicsPairCorr
  0.51002407 Do Fluoride ChemicalsPairCorr
  0.49688109 Hangzhou Pinming SoftwarePairCorr
  0.45000788 PKU HealthCare CorpPairCorr
  0.4002792 Tongyu CommunicationPairCorr
  0.33600941 China Mobile LimitedPairCorr
  0.33603696 Anji FoodstuffPairCorr
  0.33000793 Huawen Media InvestmentPairCorr
  0.73000632 Fujian Sanmu GroupPairCorr
  0.72002728 Teyi PharmaceuticalPairCorr
  0.62600549 Xiamen TungstenPairCorr
  0.6002919 Mingchen HealthPairCorr
  0.58000973 FSPG Hi TechPairCorr
  0.58600637 Shanghai Oriental PearlPairCorr
  0.57301092 Zhejiang ZhengguangPairCorr
  0.56600756 Inspur SoftwarePairCorr
  0.54603155 Xinyaqiang SiliconPairCorr
  0.54603636 Linewell SoftwarePairCorr

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

605098
+ 0.53
600373
508058
+ 0.52
603919
508077
+ 0.39
603919
508058
+ 0.28
508077
002659
+ 0.27
605098
603979
+ 0.18
002659
  

High negative correlations

508077
- 0.86
605098
605098
- 0.56
603919
508077
- 0.53
600373
508058
- 0.46
605098
603979
- 0.39
603919
508077
- 0.36
002659

Risk-Adjusted Indicators

There is a big difference between MeHow Stock performing well and MeHow Innovative 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 MeHow Innovative'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in MeHow Innovative 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 Portfolio Suggestion Now

   

Portfolio Suggestion

Get suggestions outside of your existing asset allocation including your own model portfolios
All  Next Launch Module

MeHow Innovative Corporate Executives

Elected by the shareholders, the MeHow Innovative's board of directors comprises two types of representatives: MeHow Innovative inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MeHow. The board's role is to monitor MeHow Innovative's management team and ensure that shareholders' interests are well served. MeHow Innovative'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, MeHow Innovative's outside directors are responsible for providing unbiased perspectives on the board's policies.
June YanCFO GMProfile
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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY