Zangge Holding Correlations

Stocks . China . 
Stock . Zangge Holding Co
000408 Stock   27.75  0.76  2.82%   
The current 90-days correlation between Zangge Holding and Fiberhome Telecommunication Technologies is 0.31 (i.e., Weak diversification). The correlation of Zangge 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.

Zangge Holding Correlation With Market

Good diversification

The correlation between Zangge Holding Co and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zangge Holding Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Zangge 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 Zangge 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 Zangge 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 Zangge Holding Co to buy it.

Moving together with Zangge Stock

  0.64600715 Cultural InvestmentPairCorr
  0.68002188 Bus OnlinePairCorr
  0.62002217 Holitech TechnologyPairCorr
  0.69000980 Zotye AutomobilePairCorr
  0.64603969 Tianjin Silvery DragonPairCorr
  0.86000661 Changchun High NewPairCorr
  0.66300939 Shenzhen AV DisplayPairCorr
  0.61601598 Sinotrans ClassPairCorr
  0.73002065 Dhc SoftwarePairCorr
  0.84301379 Techshine ElectronicsPairCorr
  0.72000963 Huadong MedicinePairCorr
  0.78002152 GRG Banking EquipmentPairCorr
  0.89601636 Zhuzhou Kibing GroupPairCorr
  0.74600719 Dalian Thermal PowerPairCorr
  0.69002847 Yankershop FoodPairCorr
  0.82000761 Bengang Steel PlatesPairCorr
  0.76688603 Guangdong SkychemPairCorr
  0.83300815 Eit EnvironmentalPairCorr
  0.67603800 Suzhou Douson DrillingPairCorr
  0.76600084 Citic Guoan WinePairCorr
  0.68600583 Offshore Oil EngineeringPairCorr
  0.89600584 JCET GroupPairCorr
  0.85601865 Flat Glass GroupPairCorr
  0.74300221 Guangdong Silvere SciPairCorr
  0.69002295 Guangdong Jingyi MetalPairCorr
  0.76001323 De Rucci HealthyPairCorr
  0.87600498 Fiberhome TelecommunicatioPairCorr
  0.86300599 Guangdong XiongsuPairCorr
  0.71200539 Guangdong Electric PowerPairCorr
  0.72000609 Beijing MainstreetsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Zangge Stock performing well and Zangge 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 Zangge 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Zangge Holding 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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Zangge Holding Corporate Management

Elected by the shareholders, the Zangge Holding's board of directors comprises two types of representatives: Zangge Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zangge. The board's role is to monitor Zangge Holding's management team and ensure that shareholders' interests are well served. Zangge 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, Zangge Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
Yao XiaoVice GMProfile
Ruixue LiBoard SecretaryProfile
Peng HuangDeputy ManagerProfile
Shengshun ZhangDeputy ManagerProfile
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