Ciwen Media Correlations

002343 Stock   7.10  0.06  0.85%   
The current 90-days correlation between Ciwen Media and Agricultural Bank of is -0.19 (i.e., Good diversification). The correlation of Ciwen Media 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.

Ciwen Media Correlation With Market

Significant diversification

The correlation between Ciwen Media Co and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ciwen Media Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Ciwen Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ciwen Media 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 Ciwen Media - 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 Ciwen Media Co to buy it.

Moving together with Ciwen Stock

  0.66601658 Postal Savings BankPairCorr
  0.88601318 Ping An InsurancePairCorr
  0.83600036 China Merchants BankPairCorr
  0.72601166 Industrial BankPairCorr
  0.61601998 China Citic BankPairCorr
  0.87000678 Xiangyang AutomobilePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
601398601288
600028601857
601658601288
601988601398
601728601658
601658601398
  
High negative correlations   
601728600028
601728601857

Risk-Adjusted Indicators

There is a big difference between Ciwen Stock performing well and Ciwen Media 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 Ciwen Media'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 Ciwen Media 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?

Run Pattern Recognition Now

   

Pattern Recognition

Use different Pattern Recognition models to time the market across multiple global exchanges
All  Next Launch Module

Ciwen Media Corporate Management

Elected by the shareholders, the Ciwen Media's board of directors comprises two types of representatives: Ciwen Media inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ciwen. The board's role is to monitor Ciwen Media's management team and ensure that shareholders' interests are well served. Ciwen Media'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, Ciwen Media's outside directors are responsible for providing unbiased perspectives on the board's policies.
Xiang YuanDeputy MangProfile
Ming YanS GMProfile
De LuDeputy MangProfile
Min ZhouExecutive ManagerProfile