Ciwen Media Correlations
| 002343 Stock | 6.24 0.09 1.42% |
The current 90-days correlation between Ciwen Media and Xinjiang Beixin RoadBridge is 0.17 (i.e., Average 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
Average diversification
The correlation between Ciwen Media Co and DJI is 0.13 (i.e., Average 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.
Ciwen |
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
| 0.62 | 600048 | Poly Real Estate | PairCorr |
| 0.68 | 000002 | China Vanke | PairCorr |
| 0.66 | 001979 | China Merchants Shekou | PairCorr |
| 0.74 | 600325 | Huafa Industrial | PairCorr |
| 0.69 | 601995 | China International | PairCorr |
| 0.78 | 600340 | China Fortune Land | PairCorr |
| 0.72 | 300624 | Wondershare Technology | PairCorr |
Moving against Ciwen Stock
Related Correlations Analysis
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 600079 | 1.67 | 0.04 | 0.00 | 0.28 | 2.10 | 3.75 | 10.56 | |||
| 002307 | 2.40 | (0.14) | 0.00 | (0.04) | 0.00 | 9.95 | 17.85 | |||
| 603069 | 2.21 | (0.16) | 0.00 | (0.18) | 0.00 | 4.27 | 16.43 | |||
| 002480 | 3.04 | 0.23 | 0.03 | (0.22) | 3.35 | 9.94 | 16.96 | |||
| 002084 | 2.42 | (0.04) | 0.00 | (0.03) | 0.00 | 4.21 | 15.22 | |||
| 601188 | 1.73 | (0.14) | 0.00 | (0.95) | 0.00 | 3.37 | 10.13 | |||
| 300955 | 2.64 | (0.02) | (0.01) | 0.03 | 3.47 | 3.81 | 29.89 | |||
| 000813 | 3.04 | 0.10 | 0.01 | 0.31 | 3.71 | 10.00 | 20.14 |
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?
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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.