CSG Holding Correlations
| 000012 Stock | 5.33 0.14 2.56% |
The current 90-days correlation between CSG Holding and Jiangxi Ganfeng Lithium is 0.68 (i.e., Poor diversification). The correlation of CSG Holding 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.
CSG Holding Correlation With Market
Good diversification
The correlation between CSG Holding Co and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CSG Holding Co and DJI in the same portfolio, assuming nothing else is changed.
CSG |
The ability to find closely correlated positions to CSG Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CSG Holding 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 CSG Holding - 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 CSG Holding Co to buy it.
Moving together with CSG Stock
| 0.73 | 601899 | Zijin Mining Group | PairCorr |
| 0.79 | 600309 | Wanhua Chemical Group | PairCorr |
| 0.94 | 600019 | Baoshan Iron Steel | PairCorr |
| 0.93 | 002493 | Rongsheng Petrochemical | PairCorr |
| 0.83 | 600010 | Inner Mongolia BaoTou | PairCorr |
| 0.81 | 002460 | Jiangxi Ganfeng Lithium | PairCorr |
| 0.86 | 603260 | Hoshine Silicon Ind | PairCorr |
| 0.93 | 600160 | Zhejiang Juhua | PairCorr |
| 0.9 | 000807 | Yunnan Aluminium | PairCorr |
| 0.76 | 601658 | Postal Savings Bank | PairCorr |
| 0.9 | 601318 | Ping An Insurance | PairCorr |
| 0.91 | 600036 | China Merchants Bank | PairCorr |
| 0.84 | 601166 | Industrial Bank | PairCorr |
| 0.79 | 601998 | China Citic Bank | PairCorr |
| 0.8 | 000678 | Xiangyang Automobile | PairCorr |
| 0.88 | 300364 | COL Digital Publishing | PairCorr |
| 0.94 | 688137 | Suzhou Novoprotein | PairCorr |
Related Correlations Analysis
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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 CSG Stock performing well and CSG Holding 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 CSG Holding'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 | 1.66 | 0.07 | (0.03) | (0.22) | 2.14 | 3.35 | 10.10 | |||
| 600309 | 1.68 | 0.14 | (0.02) | (0.19) | 2.23 | 3.92 | 16.38 | |||
| 600019 | 1.58 | 0.17 | 0.00 | (0.28) | 2.14 | 4.80 | 17.37 | |||
| 600547 | 1.57 | 0.00 | 0.00 | 0.00 | 0.00 | 3.52 | 12.15 | |||
| 002493 | 1.54 | 0.17 | 0.00 | (0.25) | 2.07 | 4.12 | 15.52 | |||
| 600010 | 2.15 | 0.41 | 0.13 | 0.57 | 2.27 | 7.46 | 19.48 | |||
| 002460 | 3.35 | 0.81 | 0.17 | (1.46) | 3.15 | 9.99 | 20.00 | |||
| 603260 | 2.09 | 0.53 | 0.10 | (0.42) | 2.56 | 4.90 | 17.89 | |||
| 600160 | 2.25 | 0.33 | 0.04 | (0.27) | 2.42 | 5.26 | 14.99 | |||
| 000807 | 2.08 | 0.32 | 0.07 | (2.58) | 2.27 | 4.73 | 15.53 |
Be your own money manager
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CSG Holding Corporate Management
Elected by the shareholders, the CSG Holding's board of directors comprises two types of representatives: CSG Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CSG. The board's role is to monitor CSG Holding's management team and ensure that shareholders' interests are well served. CSG Holding'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, CSG Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wenxin Wang | VP Controller | Profile | |
| Jin He | Acting VP | Profile | |
| Chunyan Chen | Secretary Board | Profile | |
| Xinyu Yang | S Board | Profile |