Zhejiang Weixing Correlations
| 002372 Stock | 12.67 0.51 3.87% |
The correlation of Zhejiang Weixing 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.
Zhejiang Weixing Correlation With Market
Good diversification
The correlation between Zhejiang Weixing New and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhejiang Weixing New and DJI in the same portfolio, assuming nothing else is changed.
Zhejiang |
The ability to find closely correlated positions to Zhejiang Weixing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhejiang Weixing 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 Zhejiang Weixing - 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 Zhejiang Weixing New to buy it.
Moving together with Zhejiang Stock
| 0.69 | 200468 | Nanjing Putian Telec | PairCorr |
| 0.77 | 600322 | Tianjin Realty Devel | PairCorr |
| 0.71 | 000692 | Shenyang Huitian Thermal | PairCorr |
| 0.65 | 300013 | Jiangsu Xinning Modern | PairCorr |
| 0.75 | 002200 | Yunnan Yuntou Ecology | PairCorr |
| 0.72 | 600198 | Datang Telecom Technology | PairCorr |
| 0.66 | 000678 | Xiangyang Automobile | PairCorr |
| 0.88 | 300364 | COL Digital Publishing | PairCorr |
| 0.84 | 688137 | Suzhou Novoprotein | PairCorr |
| 0.76 | 601933 | Yonghui Superstores | PairCorr |
Moving against Zhejiang Stock
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Zhejiang Stock performing well and Zhejiang Weixing 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 Zhejiang Weixing'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601288 | 1.31 | 0.05 | (0.05) | (0.07) | 1.97 | 3.21 | 8.24 | |||
| 601398 | 1.27 | 0.06 | (0.06) | (0.03) | 1.58 | 2.83 | 8.14 | |||
| 601988 | 1.23 | 0.10 | (0.03) | (0.20) | 1.51 | 2.67 | 7.70 | |||
| 601939 | 1.34 | 0.09 | (0.04) | (0.13) | 1.76 | 3.32 | 8.64 | |||
| 600036 | 1.56 | 0.29 | 0.05 | (0.37) | 1.72 | 4.65 | 13.83 | |||
| 601857 | 1.49 | (0.06) | 0.00 | 0.23 | 0.00 | 3.43 | 17.17 | |||
| 601166 | 1.47 | 0.20 | 0.01 | (0.32) | 1.60 | 3.84 | 12.07 | |||
| 600000 | 1.46 | 0.21 | 0.02 | (0.43) | 1.52 | 3.69 | 10.95 | |||
| 601628 | 2.04 | 0.66 | 0.16 | (0.78) | 2.22 | 6.42 | 20.00 | |||
| 601318 | 1.86 | 0.56 | 0.14 | (0.44) | 1.83 | 5.83 | 19.77 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Zhejiang Weixing 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 Transaction History Now
Transaction HistoryView history of all your transactions and understand their impact on performance |
| All Next | Launch Module |
Zhejiang Weixing Corporate Management
Elected by the shareholders, the Zhejiang Weixing's board of directors comprises two types of representatives: Zhejiang Weixing inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zhejiang. The board's role is to monitor Zhejiang Weixing's management team and ensure that shareholders' interests are well served. Zhejiang Weixing'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, Zhejiang Weixing's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jinxiu Qi | Deputy Manager | Profile | |
| Mei Tan | Deputy Sec | Profile | |
| Yihua Hong | Deputy Manager | Profile | |
| Minjun Zheng | Deputy Manager | Profile | |
| Guo Shi | Deputy Board | Profile | |
| Xiaofei Zhu | Deputy Manager | Profile |