Shanghai Lujiazui Correlations
| 900932 Stock | 0.42 0.01 2.33% |
The current 90-days correlation between Shanghai Lujiazui Finance and BYD Co Ltd is 0.28 (i.e., Modest diversification). The correlation of Shanghai Lujiazui 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.
Shanghai Lujiazui Correlation With Market
Good diversification
The correlation between Shanghai Lujiazui Finance and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shanghai Lujiazui Finance and DJI in the same portfolio, assuming nothing else is changed.
Shanghai |
The ability to find closely correlated positions to Shanghai Lujiazui could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shanghai Lujiazui 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 Shanghai Lujiazui - 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 Shanghai Lujiazui Finance to buy it.
Moving against Shanghai Stock
| 0.88 | 300750 | Contemporary Amperex | PairCorr |
| 0.87 | 688109 | Hangzhou Pinming Software | PairCorr |
| 0.85 | 605358 | Hangzhou Lion Electronics | PairCorr |
| 0.84 | 002548 | Shenzhen Jinxinnong Feed | PairCorr |
| 0.84 | 688390 | Jiangsu Goodwe Power | PairCorr |
| 0.81 | 600029 | China Southern Airlines | PairCorr |
| 0.79 | 300604 | Hangzhou Chang Chuan | PairCorr |
| 0.69 | 300257 | Zhejiang Kaishan Com | PairCorr |
| 0.64 | 002716 | Chenzhou Jingui Silver | PairCorr |
| 0.63 | 002056 | Hengdian Group DMEGC | PairCorr |
| 0.62 | 002298 | Anhui Xinlong Electrical | PairCorr |
| 0.61 | 002258 | Lier Chemical | PairCorr |
| 0.59 | 002910 | Lanzhou Zhuangyuan | PairCorr |
| 0.5 | 600769 | Wuhan Xianglong Power | PairCorr |
| 0.5 | 601880 | Liaoning Port | PairCorr |
| 0.41 | 601088 | China Shenhua Energy | PairCorr |
| 0.41 | 002459 | JA Solar Technology | PairCorr |
| 0.39 | 000813 | Dezhan HealthCare | PairCorr |
| 0.9 | 002169 | Guangzhou Zhiguang | PairCorr |
| 0.89 | 002928 | China Express Airlines | PairCorr |
| 0.8 | 688599 | Trina Solar | PairCorr |
| 0.75 | 600601 | Founder Technology | PairCorr |
| 0.74 | 002163 | Hainan Development | PairCorr |
| 0.68 | 300770 | Guangdong South New | PairCorr |
| 0.68 | 600408 | Shanxi Antai Group | PairCorr |
| 0.67 | 002333 | ZYF Lopsking Aluminum | PairCorr |
| 0.67 | 300472 | Beijing New Universal | PairCorr |
| 0.65 | 600630 | Shanghai Dragon Corp | PairCorr |
| 0.64 | 688041 | Hygon Information | 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 Lujiazui 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 Shanghai Lujiazui'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 002594 | 1.29 | (0.15) | 0.00 | 0.57 | 0.00 | 2.96 | 8.16 | |||
| 600941 | 0.55 | (0.02) | 0.00 | 0.20 | 0.00 | 1.13 | 3.16 | |||
| 601288 | 1.33 | 0.28 | 0.17 | 10.73 | 1.21 | 3.03 | 8.10 | |||
| 601398 | 0.84 | 0.09 | 0.05 | (0.23) | 0.94 | 2.57 | 5.17 | |||
| 601939 | 0.84 | 0.01 | (0.03) | 0.01 | 1.08 | 2.25 | 5.26 | |||
| 601857 | 1.07 | 0.25 | 0.19 | (1.10) | 0.80 | 3.15 | 7.23 | |||
| 601668 | 0.72 | (0.09) | 0.00 | 0.35 | 0.00 | 1.25 | 6.21 | |||
| 600028 | 0.72 | 0.10 | 0.08 | (0.41) | 0.60 | 1.83 | 4.13 | |||
| 601988 | 0.83 | 0.09 | 0.05 | (0.31) | 0.82 | 1.98 | 3.96 | |||
| 601390 | 0.76 | (0.06) | 0.00 | 0.16 | 0.00 | 1.60 | 7.54 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shanghai Lujiazui 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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Shanghai Lujiazui Corporate Management
Elected by the shareholders, the Shanghai Lujiazui's board of directors comprises two types of representatives: Shanghai Lujiazui inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shanghai. The board's role is to monitor Shanghai Lujiazui's management team and ensure that shareholders' interests are well served. Shanghai Lujiazui'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, Shanghai Lujiazui's outside directors are responsible for providing unbiased perspectives on the board's policies.