Sichuan Hebang Correlations
| 603077 Stock | 2.30 0.01 0.44% |
The current 90-days correlation between Sichuan Hebang Biote and Jiangxi Ganfeng Lithium is 0.35 (i.e., Weak diversification). The correlation of Sichuan Hebang 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.
Sichuan Hebang Correlation With Market
Good diversification
The correlation between Sichuan Hebang Biotechnology and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sichuan Hebang Biotechnology and DJI in the same portfolio, assuming nothing else is changed.
Sichuan |
The ability to find closely correlated positions to Sichuan Hebang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sichuan Hebang 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 Sichuan Hebang - 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 Sichuan Hebang Biotechnology to buy it.
Moving together with Sichuan Stock
| 0.87 | 601899 | Zijin Mining Group | PairCorr |
| 0.9 | 002460 | Jiangxi Ganfeng Lithium | PairCorr |
| 0.63 | 002493 | Rongsheng Petrochemical | PairCorr |
| 0.82 | 600489 | Zhongjin Gold Corp | PairCorr |
| 0.86 | 000807 | Yunnan Aluminium | PairCorr |
| 0.87 | 688525 | Biwin Storage Technology | PairCorr |
| 0.81 | 605289 | Shanghai Luoman Lighting | PairCorr |
| 0.87 | 002150 | Jiangsu Tongrun Equipment | PairCorr |
| 0.74 | 301345 | Zhejiang Taotao Vehicles | PairCorr |
| 0.63 | 600346 | Hengli Petrochemical | PairCorr |
Moving against Sichuan 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 Sichuan Stock performing well and Sichuan Hebang 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 Sichuan Hebang'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601899 | 2.02 | 0.57 | 0.20 | 1.30 | 1.95 | 5.63 | 15.74 | |||
| 600309 | 1.41 | 0.19 | 0.04 | (1.99) | 1.40 | 3.97 | 8.41 | |||
| 600019 | 1.00 | 0.12 | (0.04) | (0.14) | 1.10 | 2.50 | 5.50 | |||
| 600547 | 2.10 | 0.17 | 0.04 | 0.42 | 2.37 | 5.70 | 16.34 | |||
| 002460 | 2.94 | 1.04 | 0.36 | (7.26) | 1.94 | 9.99 | 16.17 | |||
| 600010 | 2.15 | 0.15 | 0.00 | (0.35) | 2.21 | 6.77 | 17.28 | |||
| 600489 | 2.18 | 0.52 | 0.21 | 1.05 | 1.89 | 8.05 | 15.35 | |||
| 600160 | 2.09 | 0.41 | 0.10 | (2.62) | 2.24 | 5.12 | 13.96 | |||
| 000807 | 2.09 | 0.78 | 0.31 | (2.94) | 1.47 | 5.65 | 12.49 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sichuan Hebang 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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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Sichuan Hebang Corporate Management
Elected by the shareholders, the Sichuan Hebang's board of directors comprises two types of representatives: Sichuan Hebang inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sichuan. The board's role is to monitor Sichuan Hebang's management team and ensure that shareholders' interests are well served. Sichuan Hebang'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, Sichuan Hebang's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anping Liu | Deputy Manager | Profile | |
| Liu Anping | Deputy Mang | Profile | |
| Siying Jiang | Secretary Board | Profile | |
| Huirong Yang | General Manager | Profile |