Threes Company Correlations

Stocks . China . 
Stock . Threes Company Media
605168 Stock   28.86  1.05  3.51%   
The current 90-days correlation between Threes Company and Talkweb Information System is 0.4 (i.e., Very weak diversification). The correlation of Threes Company 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.

Threes Company Correlation With Market

Significant diversification

The correlation between Threes Company Media and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Threes Company Media and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Threes Company could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Threes Company 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 Threes Company - 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 Threes Company Media to buy it.

Moving against Threes Stock

  0.87300750 Contemporary AmperexPairCorr
  0.67600938 CNOOC LimitedPairCorr
  0.6002759 Guangdong Tonze ElectricPairCorr
  0.54001979 China Merchants ShekouPairCorr
  0.52600107 Hubei Mailyard SharePairCorr
  0.52002549 Hunan Kaimeite GasesPairCorr
  0.45603876 Jiangsu Dingsheng NewPairCorr
  0.44002384 Suzhou Dongshan PrecisionPairCorr
  0.42688469 Semiconductor ManufacturingPairCorr
  0.4603536 Shandong Huifa FoodstuffPairCorr
  0.37605111 Wuxi Nce PowerPairCorr
  0.33300257 Zhejiang Kaishan ComPairCorr
  0.81002266 Zhefu Holding GroupPairCorr
  0.74688041 Hygon InformationPairCorr
  0.71600064 Nanjing GaokePairCorr
  0.7600031 Sany Heavy IndustryPairCorr
  0.69002429 Shenzhen MTCPairCorr
  0.69601333 Guangshen RailwayPairCorr
  0.69603156 Hebei Yangyuan ZhiHuiPairCorr
  0.6000917 Hunan TV BroadcastPairCorr
  0.56300724 Shenzhen SC NewPairCorr
  0.5688256 Cambricon TechnologiesPairCorr
  0.43688066 Beijing Piesat InforPairCorr
  0.43601121 Xinjiang Baodi MiningPairCorr
  0.4603115 Nantong Haixing ElecPairCorr
  0.39600346 Hengli PetrochemicalPairCorr
  0.37900941 Eastern CommunicationsPairCorr

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

002232
+ 0.9
002261
003010
+ 0.73
600831
003010
+ 0.66
002232
003010
+ 0.62
002261
300659
+ 0.61
603357
002682
+ 0.6
603357
  

High negative correlations

600996
- 0.59
603357
003010
- 0.55
603357
600831
- 0.5
603357
002682
- 0.43
003010
002682
- 0.37
002232
603357
- 0.37
002232

Risk-Adjusted Indicators

There is a big difference between Threes Stock performing well and Threes Company 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 Threes Company'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 Threes Company 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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Threes Company Corporate Management

Elected by the shareholders, the Threes Company's board of directors comprises two types of representatives: Threes Company inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Threes. The board's role is to monitor Threes Company's management team and ensure that shareholders' interests are well served. Threes Company'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, Threes Company's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sheng ChenChief OfficerProfile
Shenggen YeGen AssistantProfile
Xiuju DaiHuman BoardProfile
Da LiDeputy SecretaryProfile
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