Suqian Unitech Correlations
| 603065 Stock | 8.31 0.04 0.48% |
The current 90-days correlation between Suqian Unitech Corp and Anhui Huilong Agricultural is 0.55 (i.e., Very weak diversification). The correlation of Suqian Unitech 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.
Suqian Unitech Correlation With Market
Modest diversification
The correlation between Suqian Unitech Corp and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Suqian Unitech Corp and DJI in the same portfolio, assuming nothing else is changed.
Suqian |
The ability to find closely correlated positions to Suqian Unitech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Suqian Unitech 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 Suqian Unitech - 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 Suqian Unitech Corp to buy it.
Moving together with Suqian Stock
Moving against Suqian Stock
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 Suqian Stock performing well and Suqian Unitech 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 Suqian Unitech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 600490 | 2.53 | 0.35 | 0.11 | 3.51 | 2.51 | 6.33 | 17.59 | |||
| 600362 | 3.00 | 1.06 | 0.32 | 5.35 | 2.51 | 9.57 | 16.82 | |||
| 002556 | 1.07 | 0.14 | 0.08 | 0.32 | 1.30 | 2.36 | 7.76 | |||
| 301217 | 3.62 | 0.03 | 0.01 | 0.08 | 3.92 | 7.79 | 25.17 | |||
| 603995 | 0.91 | 0.07 | 0.02 | 0.38 | 1.29 | 1.64 | 7.95 | |||
| 603011 | 3.53 | 0.42 | 0.09 | 0.58 | 4.20 | 9.99 | 20.03 | |||
| 601288 | 1.24 | 0.19 | 0.12 | 0.38 | 1.13 | 2.66 | 6.27 | |||
| 300032 | 1.47 | 0.00 | (0.02) | 0.06 | 1.98 | 2.71 | 8.06 |
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Suqian Unitech Corporate Executives
Elected by the shareholders, the Suqian Unitech's board of directors comprises two types of representatives: Suqian Unitech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Suqian. The board's role is to monitor Suqian Unitech's management team and ensure that shareholders' interests are well served. Suqian Unitech'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, Suqian Unitech's outside directors are responsible for providing unbiased perspectives on the board's policies.