Sichuan Tianqi Correlations

002466 Stock

37.84 0.84 2.17%

The current 90-days correlation between Sichuan Tianqi Lithium and State Grid InformationCommunication is 0.45 (i.e., Very weak diversification). The correlation of Sichuan Tianqi 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.

Sichuan Tianqi Correlation With Market

Significant diversification

The correlation between Sichuan Tianqi Lithium and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sichuan Tianqi Lithium and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sichuan Stock

0.72	600019	Baoshan Iron Steel	Pair Corr
0.7	002493	Rongsheng Petrochemical	Pair Corr
0.87	600010	Inner Mongolia BaoTou	Pair Corr
0.9	002460	Jiangxi Ganfeng Lithium	Pair Corr
0.88	600160	Zhejiang Juhua	Pair Corr
0.79	000807	Yunnan Aluminium	Pair Corr
0.66	601398	Industrial and Commercial	Pair Corr
0.68	601939	China Construction Bank	Pair Corr
0.8	600036	China Merchants Bank	Pair Corr
0.89	900957	Shanghai Lingyun Ind	Pair Corr

Related Correlations Analysis

	600345	600131	605098	002318	002115	000628	603999	600872
600345		0.76	0.15	0.75	0.9	0.58	0.81	0.65	600345
600131	0.76		0.33	0.75	0.84	0.78	0.84	0.84	600131
605098	0.15	0.33		0.58	0.44	0.6	0.57	0.7	605098
002318	0.75	0.75	0.58		0.88	0.88	0.94	0.9	002318
002115	0.9	0.84	0.44	0.88		0.79	0.96	0.85	002115
000628	0.58	0.78	0.6	0.88	0.79		0.89	0.93	000628
603999	0.81	0.84	0.57	0.94	0.96	0.89		0.94	603999
600872	0.65	0.84	0.7	0.9	0.85	0.93	0.94		600872
	600345	600131	605098	002318	002115	000628	603999	600872

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Risk-Adjusted Indicators

There is a big difference between Sichuan Stock performing well and Sichuan Tianqi 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 Sichuan Tianqi'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
600345	3.23	1.10	0.21	(1.19)	3.26	(3.48)	10.01	(6.34)	20.03
600131	2.39	0.42	0.09	(2.31)	2.60	(2.50)	4.83	(4.12)	16.17
605098	1.94	0.07	(0.01)	0.49	3.06	(1.75)	5.00	(3.86)	19.77
002318	1.87	0.23	0.08	0.64	1.84	(2.27)	5.75	(2.58)	13.74
002115	2.64	0.69	0.16	1.59	3.14	(2.71)	6.55	(4.97)	19.22
000628	3.63	0.69	0.14	3.34	4.00	(4.02)	10.00	(7.07)	20.00
603999	2.15	0.41	0.10	(22.21)	2.64	(2.22)	4.80	(3.61)	17.18
600872	2.29	0.36	0.11	1.01	2.39	(2.70)	6.33	(3.72)	19.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sichuan Tianqi 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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Sichuan Tianqi Corporate Management

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

Wenyu Zhang	VP Secretary	Profile
Ying Liu	Executive Officer	Profile
Angie Jiang	Chairlady Board	Profile
Jun Zou	CFO VP	Profile

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