Guangdong Shenglu Correlations

002446 Stock

7.36 0.23 3.23%

The current 90-days correlation between Guangdong Shenglu and BeiGene is 0.47 (i.e., Very weak diversification). The correlation of Guangdong Shenglu 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.

Guangdong Shenglu Correlation With Market

Significant diversification

The correlation between Guangdong Shenglu Telecommunic and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guangdong Shenglu Telecommunic and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Guangdong Shenglu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guangdong Shenglu 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 Guangdong Shenglu - 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 Guangdong Shenglu Telecommunication to buy it.

Related Correlations Analysis

	688235	600519	688169	603444	600941	688399	000661	002371	300750
688235		0.81	0.66	0.83	0.43	0.56	0.84	0.81	0.89	688235
600519	0.81		0.43	0.74	0.56	0.63	0.89	0.8	0.85	600519
688169	0.66	0.43		0.76	0.34	0.36	0.42	0.27	0.53	688169
603444	0.83	0.74	0.76		0.53	0.61	0.73	0.6	0.77	603444
600941	0.43	0.56	0.34	0.53		0.37	0.35	0.23	0.35	600941
688399	0.56	0.63	0.36	0.61	0.37		0.63	0.52	0.62	688399
000661	0.84	0.89	0.42	0.73	0.35	0.63		0.94	0.95	000661
002371	0.81	0.8	0.27	0.6	0.23	0.52	0.94		0.93	002371
300750	0.89	0.85	0.53	0.77	0.35	0.62	0.95	0.93		300750
	688235	600519	688169	603444	600941	688399	000661	002371	300750

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Guangdong Stock performing well and Guangdong Shenglu 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 Guangdong Shenglu'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
688235	2.47	0.25	0.06	0.55	3.01	(2.55)	5.84	(4.77)	18.86
600519	1.67	0.17	0.02	(0.33)	1.83	(2.11)	6.55	(2.98)	16.71
688169	3.17	0.24	0.01	(0.10)	4.32	(3.31)	6.51	(5.72)	34.80
603444	2.80	0.21	0.05	0.78	3.09	(3.33)	5.75	(4.79)	18.75
600941	1.05	0.07	(0.02)	(0.29)	1.14	(1.17)	2.24	(2.04)	8.38
688399	1.67	0.15	0.01	(0.32)	2.56	(1.66)	4.07	(3.34)	20.86
000661	2.33	0.37	0.12	(3.31)	2.07	(2.99)	7.55	(3.55)	17.13
002371	2.30	0.52	0.17	23.33	2.00	(2.63)	9.80	(3.99)	15.93
300750	2.63	0.84	0.21	(0.98)	2.97	(3.28)	7.94	(3.40)	33.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in Guangdong Shenglu 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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Guangdong Shenglu Corporate Management

Elected by the shareholders, the Guangdong Shenglu's board of directors comprises two types of representatives: Guangdong Shenglu inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Guangdong. The board's role is to monitor Guangdong Shenglu's management team and ensure that shareholders' interests are well served. Guangdong Shenglu'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, Guangdong Shenglu's outside directors are responsible for providing unbiased perspectives on the board's policies.

Liping Fang	Deputy Manager	Profile
Jia Chen	Deputy Manager	Profile
Liang Zhou	Deputy Manager	Profile
Wenjian Liu	Deputy Mang	Profile
Hua Yang	NonIndependent GM	Profile

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