Jiugui Liquor Correlations

000799 Stock   49.02  0.72  1.49%   
The current 90-days correlation between Jiugui Liquor and Guangdong Jingyi Metal is 0.29 (i.e., Modest diversification). The correlation of Jiugui Liquor 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.

Jiugui Liquor Correlation With Market

Very weak diversification

The correlation between Jiugui Liquor Co and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jiugui Liquor Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Jiugui Liquor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jiugui Liquor 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 Jiugui Liquor - 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 Jiugui Liquor Co to buy it.

Moving together with Jiugui Stock

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Moving against Jiugui Stock

  0.51508096 AVIC Fund ManagementPairCorr
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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   
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600335601388
002333002295
601388002295
600335002295
600335002333
  
High negative correlations   
603236601061
603236002333
603236601388
600335603236
603236002792
603236002295

Risk-Adjusted Indicators

There is a big difference between Jiugui Stock performing well and Jiugui Liquor 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 Jiugui Liquor'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 Jiugui Liquor 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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Jiugui Liquor Corporate Management

Elected by the shareholders, the Jiugui Liquor's board of directors comprises two types of representatives: Jiugui Liquor inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jiugui. The board's role is to monitor Jiugui Liquor's management team and ensure that shareholders' interests are well served. Jiugui Liquor'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, Jiugui Liquor's outside directors are responsible for providing unbiased perspectives on the board's policies.
Lin FanChief EngineerProfile
Zhenyu TangBoard SecretaryProfile
Wensheng LiDeputy ManagerProfile
Chunlei ZhaoFinancial ControllerProfile
Xiwen ZhongIn DepartmentProfile
Zhe WangDeputy ManagerProfile