Duzhe Publishing Correlations

603999 Stock

7.13 0.03 0.42%

The current 90-days correlation between Duzhe Publishing Media and Industrial and Commercial is 0.09 (i.e., Significant diversification). The correlation of Duzhe Publishing 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.

Duzhe Publishing Correlation With Market

Average diversification

The correlation between Duzhe Publishing Media and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Duzhe Publishing Media and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Duzhe Publishing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duzhe Publishing 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 Duzhe Publishing - 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 Duzhe Publishing Media to buy it.

Moving against Duzhe Stock

0.76	200596	Anhui Gujing Distillery	Pair Corr
0.63	603444	G bits Network	Pair Corr
0.61	300724	Shenzhen SC New	Pair Corr

Related Correlations Analysis

	601398	601939	601288	601988	601857	600941	600036	600938	601318	601628
601398		0.87	0.91	0.87	0.95	0.35	0.7	0.93	0.77	0.86	601398
601939	0.87		0.86	0.88	0.82	0.66	0.76	0.72	0.54	0.7	601939
601288	0.91	0.86		0.74	0.87	0.36	0.64	0.82	0.74	0.91	601288
601988	0.87	0.88	0.74		0.89	0.46	0.76	0.77	0.66	0.66	601988
601857	0.95	0.82	0.87	0.89		0.29	0.77	0.93	0.82	0.83	601857
600941	0.35	0.66	0.36	0.46	0.29		0.51	0.16	0.02	0.07	600941
600036	0.7	0.76	0.64	0.76	0.77	0.51		0.59	0.67	0.48	600036
600938	0.93	0.72	0.82	0.77	0.93	0.16	0.59		0.74	0.83	600938
601318	0.77	0.54	0.74	0.66	0.82	0.02	0.67	0.74		0.79	601318
601628	0.86	0.7	0.91	0.66	0.83	0.07	0.48	0.83	0.79		601628
	601398	601939	601288	601988	601857	600941	600036	600938	601318	601628

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Risk-Adjusted Indicators

There is a big difference between Duzhe Stock performing well and Duzhe Publishing 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 Duzhe Publishing'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
601398	0.78	0.08	0.01	1.31	0.85	(0.92)	2.28	(1.81)	5.17
601939	0.90	(0.06)	0.00	(1.56)	0.00	0.00	2.30	(1.70)	6.03
601288	1.31	0.00	(0.02)	0.07	1.41	(1.49)	2.66	(2.65)	6.23
601988	0.92	0.00	0.00	0.12	0.00	0.00	1.73	(1.91)	7.06
601857	1.08	0.09	0.02	(1.55)	1.13	(1.29)	2.73	(1.52)	6.97
600941	0.50	(0.04)	0.00	0.63	0.00	0.00	1.10	(1.03)	3.16
600036	0.77	(0.05)	0.00	1.32	0.00	0.00	1.54	(1.76)	6.03
600938	1.10	0.19	0.11	2.84	1.04	(1.33)	2.53	(2.06)	7.98
601318	0.96	0.13	0.09	0.44	0.88	(1.12)	2.27	(1.72)	7.37
601628	1.27	0.13	0.07	0.28	1.23	(1.40)	3.51	(1.96)	9.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in Duzhe Publishing 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.

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Duzhe Publishing Corporate Executives

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

Hai Yuan

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