Shantui Construction Correlations
| 000680 Stock | 10.14 0.41 3.89% |
The current 90-days correlation between Shantui Construction and Zhongshan Broad Ocean Motor is 0.51 (i.e., Very weak diversification). The correlation of Shantui Construction 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.
Shantui Construction Correlation With Market
Very good diversification
The correlation between Shantui Construction Machinery and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shantui Construction Machinery and DJI in the same portfolio, assuming nothing else is changed.
Shantui |
The ability to find closely correlated positions to Shantui Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shantui Construction 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 Shantui Construction - 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 Shantui Construction Machinery to buy it.
Moving together with Shantui Stock
| 0.64 | 600519 | Kweichow Moutai | PairCorr |
| 0.67 | 300760 | Shenzhen Mindray Bio | PairCorr |
| 0.78 | 603688 | Jiangsu Pacific Quartz | PairCorr |
| 0.64 | 688036 | Shenzhen Transsion | PairCorr |
| 0.76 | 000568 | Luzhou Lao Jiao | PairCorr |
| 0.86 | 300750 | Contemporary Amperex | PairCorr |
| 0.8 | 000858 | Wuliangye Yibin | PairCorr |
| 0.81 | 688137 | Suzhou Novoprotein | PairCorr |
| 0.92 | 000678 | Xiangyang Automobile | PairCorr |
| 0.79 | 300364 | COL Digital Publishing | PairCorr |
Related Correlations Analysis
| 0.85 | 0.86 | 0.67 | 0.92 | 0.95 | 0.95 | 002249 | ||
| 0.85 | 0.75 | 0.7 | 0.87 | 0.88 | 0.91 | 002307 | ||
| 0.86 | 0.75 | 0.83 | 0.86 | 0.86 | 0.85 | 600719 | ||
| 0.67 | 0.7 | 0.83 | 0.81 | 0.79 | 0.76 | 603843 | ||
| 0.92 | 0.87 | 0.86 | 0.81 | 0.94 | 0.93 | 301217 | ||
| 0.95 | 0.88 | 0.86 | 0.79 | 0.94 | 0.96 | 600259 | ||
| 0.95 | 0.91 | 0.85 | 0.76 | 0.93 | 0.96 | 002149 | ||
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Risk-Adjusted Indicators
There is a big difference between Shantui Stock performing well and Shantui Construction 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 Shantui Construction'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 002249 | 1.49 | 0.38 | 0.09 | (0.46) | 1.76 | 2.86 | 16.36 | |||
| 002307 | 3.00 | 0.47 | 0.12 | (6.47) | 2.55 | 8.44 | 18.55 | |||
| 600719 | 3.67 | 0.33 | 0.06 | 0.53 | 4.47 | 10.03 | 20.07 | |||
| 603843 | 2.66 | 0.21 | 0.05 | 0.41 | 2.94 | 6.04 | 17.41 | |||
| 301217 | 2.54 | 0.32 | 0.05 | (0.87) | 2.92 | 5.32 | 23.61 | |||
| 600259 | 2.29 | 0.33 | 0.08 | 2.33 | 2.35 | 4.97 | 18.73 | |||
| 002149 | 2.44 | 0.53 | 0.13 | (0.64) | 2.21 | 6.50 | 15.58 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shantui Construction 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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Shantui Construction Corporate Management
Elected by the shareholders, the Shantui Construction's board of directors comprises two types of representatives: Shantui Construction inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shantui. The board's role is to monitor Shantui Construction's management team and ensure that shareholders' interests are well served. Shantui Construction'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, Shantui Construction's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Li Dianhe | G Mang | Profile | |
| Lijun Zhao | Deputy Manager | Profile | |
| Li Xue | Head Board | Profile | |
| Yajun Huang | Deputy Manager | Profile | |
| Yuan Qing | Board Secretary | Profile |