Beijing Capital Correlations
| 600376 Stock | 6.01 0.10 1.69% |
The current 90-days correlation between Beijing Capital Deve and Jiajia Food Group is -0.06 (i.e., Good diversification). The correlation of Beijing Capital 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.
Beijing Capital Correlation With Market
Significant diversification
The correlation between Beijing Capital Development and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beijing Capital Development and DJI in the same portfolio, assuming nothing else is changed.
Beijing |
The ability to find closely correlated positions to Beijing Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beijing Capital 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 Beijing Capital - 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 Beijing Capital Development to buy it.
Moving together with Beijing Stock
| 0.75 | 300250 | Hangzhou CNCR IT | PairCorr |
| 0.66 | 300257 | Zhejiang Kaishan Com | PairCorr |
| 0.78 | 002632 | Daoming OpticsChemical | PairCorr |
| 0.71 | 002150 | Jiangsu Tongrun Equipment | PairCorr |
| 0.66 | 002394 | Jiangsu Lianfa Textile | PairCorr |
| 0.68 | 301148 | Xiamen Jiarong Technology | PairCorr |
| 0.83 | 002371 | NAURA Technology | PairCorr |
| 0.83 | 600651 | Shanghai Feilo Acoustics | PairCorr |
Moving against Beijing Stock
| 0.93 | 601166 | Industrial Bank | PairCorr |
| 0.83 | 600036 | China Merchants Bank | PairCorr |
| 0.79 | 601328 | Bank of Communications | PairCorr |
| 0.68 | 601318 | Ping An Insurance | PairCorr |
| 0.68 | 601998 | China Citic Bank | PairCorr |
| 0.55 | 601988 | Bank of China | PairCorr |
| 0.5 | 601658 | Postal Savings Bank | PairCorr |
| 0.37 | 601939 | China Construction Bank | PairCorr |
| 0.44 | 601319 | Peoples Insurance | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Beijing Stock performing well and Beijing Capital 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 Beijing Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 300141 | 2.82 | 0.48 | 0.13 | (1.84) | 2.55 | 9.14 | 29.26 | |||
| 002650 | 1.70 | 0.32 | 0.15 | 0.61 | 1.55 | 4.98 | 10.01 | |||
| 603336 | 2.10 | 0.46 | 0.22 | 0.80 | 1.60 | 5.80 | 14.10 | |||
| 001219 | 0.90 | 0.14 | 0.03 | (0.31) | 1.04 | 1.99 | 6.42 | |||
| 600243 | 2.57 | 0.64 | 0.24 | 0.75 | 2.18 | 5.07 | 10.13 | |||
| 301360 | 3.19 | 0.66 | 0.16 | (2.54) | 3.02 | 10.54 | 28.37 | |||
| 300590 | 1.43 | (0.15) | 0.00 | (3.77) | 0.00 | 2.52 | 8.82 | |||
| 300638 | 2.53 | (0.15) | 0.00 | 2.49 | 0.00 | 5.46 | 18.65 |
Be your own money manager
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Beijing Capital Corporate Management
Elected by the shareholders, the Beijing Capital's board of directors comprises two types of representatives: Beijing Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Beijing. The board's role is to monitor Beijing Capital's management team and ensure that shareholders' interests are well served. Beijing Capital'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, Beijing Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.