Yunnan Hongxiang Correlations
| 002727 Stock | 12.23 0.11 0.91% |
The current 90-days correlation between Yunnan Hongxiang Yix and SGSG Sciencetechnology Co is 0.14 (i.e., Average diversification). The correlation of Yunnan Hongxiang 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.
Yunnan Hongxiang Correlation With Market
Significant diversification
The correlation between Yunnan Hongxiang Yixintang and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yunnan Hongxiang Yixintang and DJI in the same portfolio, assuming nothing else is changed.
Yunnan |
The ability to find closely correlated positions to Yunnan Hongxiang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yunnan Hongxiang 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 Yunnan Hongxiang - 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 Yunnan Hongxiang Yixintang to buy it.
Moving together with Yunnan Stock
| 0.78 | 601318 | Ping An Insurance | PairCorr |
| 0.84 | 603069 | Hainan Haiqi Transpo | PairCorr |
| 0.68 | 600568 | Zhongzhu Medical Holdings | PairCorr |
| 0.64 | 002124 | Ningbo Tech Bank | PairCorr |
Moving against Yunnan Stock
| 0.7 | 601857 | PetroChina | PairCorr |
| 0.7 | 600938 | CNOOC Limited | PairCorr |
| 0.67 | 601988 | Bank of China | PairCorr |
| 0.63 | 300866 | Anker Innovations | PairCorr |
| 0.63 | 603236 | Quectel Wireless Sol | PairCorr |
| 0.59 | 601398 | Industrial and Commercial | PairCorr |
| 0.52 | 601288 | Agricultural Bank | PairCorr |
| 0.47 | 601939 | China Construction Bank | PairCorr |
| 0.46 | 600941 | China Mobile Limited | PairCorr |
| 0.36 | 002397 | Hunan Mendale Hometextile | PairCorr |
| 0.36 | 600368 | Guangxi Wuzhou Commu | PairCorr |
| 0.32 | 601818 | China Everbright Bank | 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 Yunnan Stock performing well and Yunnan Hongxiang 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 Yunnan Hongxiang'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 688256 | 3.56 | 0.89 | 0.20 | (3.23) | 3.86 | 10.01 | 34.65 | |||
| 300561 | 7.21 | 2.00 | 0.31 | 2.61 | 5.82 | 20.00 | 35.38 | |||
| 688047 | 2.61 | (0.03) | 0.00 | (0.06) | 0.00 | 5.26 | 21.54 | |||
| 603007 | 4.26 | 0.90 | 0.10 | (0.91) | 7.99 | 5.04 | 39.81 | |||
| 688318 | 3.70 | 0.21 | 0.05 | 0.34 | 4.18 | 11.36 | 27.16 | |||
| 600106 | 2.67 | (0.19) | 0.00 | (1.34) | 0.00 | 6.43 | 20.10 | |||
| 002625 | 3.16 | 0.51 | 0.11 | 1.04 | 3.75 | 9.74 | 20.01 | |||
| 301259 | 2.69 | 0.33 | 0.09 | 0.46 | 3.29 | 5.82 | 16.63 | |||
| 300474 | 3.22 | 0.17 | 0.04 | 0.37 | 3.48 | 6.17 | 23.84 |
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Yunnan Hongxiang Corporate Management
Elected by the shareholders, the Yunnan Hongxiang's board of directors comprises two types of representatives: Yunnan Hongxiang inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yunnan. The board's role is to monitor Yunnan Hongxiang's management team and ensure that shareholders' interests are well served. Yunnan Hongxiang'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, Yunnan Hongxiang's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hongyun Zhou | VP | Profile | |
| Zheng Li | VP Secretary | Profile | |
| Yongjun Wu | VP | Profile | |
| Yongbin Luo | VP Exec | Profile | |
| Sishun Dai | Chief Officer | Profile |