China Reform Correlations

000503 Stock

12.60 0.49 3.74%

The current 90-days correlation between China Reform Health and Industrial and Commercial is -0.19 (i.e., Good diversification). The correlation of China Reform 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.

China Reform Correlation With Market

Good diversification

The correlation between China Reform Health and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Reform Health and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to China Reform could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Reform 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 China Reform - 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 China Reform Health to buy it.

Moving together with China Stock

0.72	601658	Postal Savings Bank	Pair Corr
0.86	600036	China Merchants Bank	Pair Corr
0.74	601166	Industrial Bank	Pair Corr
0.78	600000	Shanghai Pudong Deve	Pair Corr
0.83	000001	Ping An Bank	Pair Corr

Related Correlations Analysis

	601398	601939	601288	601988	601857	600036	600938	600941	601328	601658
601398		0.96	0.93	0.94	0.69	0.58	0.67	0.71	0.93	0.76	601398
601939	0.96		0.94	0.9	0.54	0.76	0.64	0.68	0.84	0.89	601939
601288	0.93	0.94		0.93	0.58	0.6	0.64	0.68	0.87	0.81	601288
601988	0.94	0.9	0.93		0.65	0.56	0.67	0.75	0.86	0.76	601988
601857	0.69	0.54	0.58	0.65		0.1	0.85	0.63	0.79	0.26	601857
600036	0.58	0.76	0.6	0.56	0.1		0.42	0.5	0.35	0.94	600036
600938	0.67	0.64	0.64	0.67	0.85	0.42		0.78	0.64	0.54	600938
600941	0.71	0.68	0.68	0.75	0.63	0.5	0.78		0.61	0.63	600941
601328	0.93	0.84	0.87	0.86	0.79	0.35	0.64	0.61		0.56	601328
601658	0.76	0.89	0.81	0.76	0.26	0.94	0.54	0.63	0.56		601658
	601398	601939	601288	601988	601857	600036	600938	600941	601328	601658

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Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China Reform 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 China Reform'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
601398	1.27	0.06	(0.07)	(0.02)	1.58	(1.46)	2.83	(3.06)	8.14
601939	1.32	0.07	(0.05)	(0.07)	1.76	(1.44)	3.32	(3.86)	8.64
601288	1.31	0.06	(0.05)	(0.08)	1.97	(1.23)	3.21	(3.89)	8.24
601988	1.22	0.10	(0.04)	(0.18)	1.48	(1.46)	2.67	(2.86)	7.70
601857	1.45	(0.09)	0.00	0.29	0.00	0.00	3.43	(3.33)	17.17
600036	1.51	0.24	0.02	(0.22)	1.84	(1.73)	4.65	(2.56)	13.83
600938	1.59	(0.05)	0.00	0.24	0.00	0.00	3.25	(3.62)	16.49
600941	1.00	0.03	(0.09)	(0.04)	1.20	(1.12)	2.05	(2.04)	8.38
601328	1.37	(0.02)	0.00	0.16	0.00	0.00	3.26	(3.60)	10.82
601658	1.44	0.17	0.00	(0.27)	1.79	(1.62)	3.49	(2.84)	9.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in China Reform 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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China Reform Corporate Management

Elected by the shareholders, the China Reform's board of directors comprises two types of representatives: China Reform inside directors who are chosen from within the company, and outside directors, selected externally and held independent of China. The board's role is to monitor China Reform's management team and ensure that shareholders' interests are well served. China Reform'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, China Reform's outside directors are responsible for providing unbiased perspectives on the board's policies.

Zhongsheng Wang	General Officer	Profile
Yonghua Li	NonIndependent Mang	Profile
Qin Xiao	S Board	Profile
Hongquan Yuan	General Manager	Profile
Liqun Sun	Deputy Manager	Profile
Wenchang Wang	Chief Accountant	Profile

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