Shanghai Rendu Correlations
| 688193 Stock | 52.88 -0.12 -0.23% |
Current 90-days correlation between Shanghai Rendu and Qumei Furniture Group is 0.65 (i.e., Poor diversification).A low or negative correlation between Shanghai Rendu and other assets in a portfolio can meaningfully reduce drawdowns without proportionally reducing expected return.
Shanghai Rendu Correlation to Market
Modest diversification
688193 currently posts a 0.2 correlation with DJI, indicating a Modest diversification relationship for the active sample. This matters because lower overlap can improve diversification, while higher overlap leaves more of the same risk inside the portfolio.
Shanghai |
This correlation view provides context for how Shanghai Rendu relates to similar exposures. Where wash sale rules apply, substantially identical replacements can be restricted; this view is informational context only.
Moving together with Shanghai Stock
| 0.75 | 601168 | Western Mining | PairCorr |
| 0.84 | 601615 | Ming Yang Smart | PairCorr |
| 0.65 | 002459 | JA Solar Technology | PairCorr |
| 0.67 | 600389 | Nantong Jiangshan | 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 Shanghai Stock performing well and Shanghai Rendu Company doing well as a business compared to the competition. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 300590 | 1.39 | -0.03 | 0.00 | -0.09 | 0.00 | 2.70 | 11.60 | |||
| 603818 | 1.46 | -0.03 | 0.00 | -0.92 | 0.00 | 3.38 | 7.44 | |||
| 603216 | 3.50 | 0.17 | 0.05 | -0.28 | 4.08 | 9.61 | 20.00 | |||
| 603389 | 2.73 | 0.13 | 0.05 | -0.23 | 3.27 | 5.00 | 10.01 | |||
| 688185 | 1.69 | 0.07 | 0.05 | -0.50 | 1.82 | 3.85 | 15.63 | |||
| 603833 | 1.31 | 0.00 | 0.01 | -0.03 | 1.56 | 3.38 | 10.47 | |||
| 600467 | 1.69 | 0.03 | 0.02 | 0.08 | 2.19 | 3.10 | 18.87 |
Be your own money manager
A disciplined portfolio workflow around Shanghai Rendu Biotechnology should test whether the position strengthens diversification, return efficiency, and overall portfolio fit. The practical goal is to remove redundancy, improve diversification, and keep risk aligned with the intended return target.
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Shanghai Rendu Corporate Executives
Governance review matters for Shanghai Rendu Biotechnology because boards and executives shape oversight, strategic discipline, and how shareholder interests are represented. This becomes more valuable when investors want to compare oversight quality across firms that may otherwise look financially similar.
| Tingjiang Cai | CFO Supervisor | Profile |