Jiugui Liquor Correlations
| 000799 Stock | 56.89 0.24 0.42% |
The current 90-days correlation between Jiugui Liquor and Songz Automobile Air is 0.67 (i.e., Poor 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
Significant diversification
The correlation between Jiugui Liquor Co and DJI is 0.05 (i.e., Significant 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.
Jiugui |
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
| 0.84 | 601668 | China State Construction | PairCorr |
| 0.87 | 601390 | China Railway Group | PairCorr |
| 0.9 | 601186 | China Railway Constr | PairCorr |
| 0.93 | 601628 | China Life Insurance | PairCorr |
| 0.92 | 601318 | Ping An Insurance | PairCorr |
| 0.96 | 688137 | Suzhou Novoprotein | PairCorr |
| 0.91 | 300364 | COL Digital Publishing | PairCorr |
| 0.89 | 000678 | Xiangyang Automobile | PairCorr |
Moving against Jiugui Stock
Related Correlations Analysis
| 0.9 | 0.9 | 0.96 | 0.96 | 0.93 | 002454 | ||
| 0.9 | 0.89 | 0.93 | 0.93 | 0.85 | 300565 | ||
| 0.9 | 0.89 | 0.89 | 0.95 | 0.94 | 300597 | ||
| 0.96 | 0.93 | 0.89 | 0.94 | 0.85 | 600418 | ||
| 0.96 | 0.93 | 0.95 | 0.94 | 0.96 | 688119 | ||
| 0.93 | 0.85 | 0.94 | 0.85 | 0.96 | 600335 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 002454 | 1.93 | 0.41 | 0.10 | (0.81) | 2.10 | 4.14 | 15.98 | |||
| 300565 | 2.91 | 0.43 | 0.07 | (3.63) | 3.63 | 8.01 | 28.69 | |||
| 300597 | 2.73 | 0.50 | 0.07 | (0.80) | 3.84 | 6.00 | 28.63 | |||
| 600418 | 3.41 | 1.08 | 0.28 | 80.98 | 2.75 | 9.99 | 18.20 | |||
| 688119 | 2.36 | 0.52 | 0.10 | (0.62) | 2.62 | 5.13 | 24.87 | |||
| 600335 | 2.01 | 0.20 | 0.02 | (0.70) | 2.51 | 3.58 | 18.66 |
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.Did you try this?
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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 Fan | Chief Engineer | Profile | |
| Zhenyu Tang | Board Secretary | Profile | |
| Wensheng Li | Deputy Manager | Profile | |
| Chunlei Zhao | Financial Controller | Profile | |
| Xiwen Zhong | In Department | Profile | |
| Zhe Wang | Deputy Manager | Profile |