Chongqing Fuling Correlations
| 002507 Stock | 13.23 0.16 1.19% |
The current 90-days correlation between Chongqing Fuling Zhacai and Ingenic Semiconductor is 0.09 (i.e., Significant diversification). The correlation of Chongqing Fuling 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.
Chongqing Fuling Correlation With Market
Good diversification
The correlation between Chongqing Fuling Zhacai and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chongqing Fuling Zhacai and DJI in the same portfolio, assuming nothing else is changed.
Chongqing |
The ability to find closely correlated positions to Chongqing Fuling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chongqing Fuling 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 Chongqing Fuling - 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 Chongqing Fuling Zhacai to buy it.
Moving together with Chongqing Stock
Moving against Chongqing Stock
| 0.53 | 688068 | Beijing Hotgen Biotech | PairCorr |
| 0.52 | 601166 | Industrial Bank | PairCorr |
| 0.51 | 603986 | GigaDevice SemiconductorBei | PairCorr |
| 0.47 | 688698 | Suzhou Veichi Electric | PairCorr |
| 0.43 | 000612 | Jiaozuo Wanfang Aluminum | PairCorr |
| 0.43 | 603501 | Will Semiconductor | PairCorr |
| 0.41 | 002396 | Fujian Star Net | PairCorr |
| 0.38 | 600036 | China Merchants Bank | PairCorr |
| 0.83 | 180102 | ChinaAMC Huaxia Hefei | PairCorr |
| 0.6 | 688200 | Beijing Huafeng Test | PairCorr |
| 0.59 | 688208 | Autel Intelligent | PairCorr |
| 0.41 | 603236 | Quectel Wireless Sol | PairCorr |
| 0.41 | 688123 | Giantec Semiconductor | PairCorr |
| 0.41 | 002397 | Hunan Mendale Hometextile | PairCorr |
| 0.4 | 603663 | Sanxiang Advanced | PairCorr |
| 0.4 | 688110 | Dosilicon | PairCorr |
| 0.31 | 002250 | Lianhe Chemical Tech | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Chongqing Stock performing well and Chongqing Fuling 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 Chongqing Fuling'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 300223 | 2.69 | 0.50 | 0.19 | (1.68) | 2.79 | 7.42 | 22.08 | |||
| 688372 | 2.58 | 0.61 | 0.27 | (2.13) | 2.11 | 7.15 | 19.11 | |||
| 002935 | 1.71 | 0.10 | 0.07 | (6.20) | 2.25 | 4.08 | 9.68 | |||
| 603501 | 2.03 | 0.66 | 0.35 | 1.62 | 1.62 | 5.01 | 15.05 | |||
| 603986 | 3.01 | 0.81 | 0.29 | 3.57 | 2.31 | 8.98 | 16.17 | |||
| 688233 | 1.74 | (0.04) | 0.00 | 0.13 | 0.00 | 3.78 | 10.69 | |||
| 688335 | 1.70 | (0.14) | 0.00 | 0.71 | 0.00 | 2.73 | 8.69 |
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Chongqing Fuling Corporate Executives
Elected by the shareholders, the Chongqing Fuling's board of directors comprises two types of representatives: Chongqing Fuling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chongqing. The board's role is to monitor Chongqing Fuling's management team and ensure that shareholders' interests are well served. Chongqing Fuling'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, Chongqing Fuling's outside directors are responsible for providing unbiased perspectives on the board's policies.