Yunnan Hongxiang Correlations
| 002727 Stock | 13.89 0.22 1.61% |
The current 90-days correlation between Yunnan Hongxiang Yix and Shanghai Jinfeng Wine is 0.61 (i.e., Poor 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
Good diversification
The correlation between Yunnan Hongxiang Yixintang and DJI is -0.04 (i.e., Good 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
| 0.88 | 300841 | Chengdu Kanghua Biol | PairCorr |
| 0.74 | 603392 | Beijing Wantai Biological | PairCorr |
| 0.96 | 688137 | Suzhou Novoprotein | PairCorr |
| 0.81 | 601600 | Aluminum Corp | PairCorr |
| 0.88 | 300364 | COL Digital Publishing | PairCorr |
| 0.9 | 001299 | Shaanxi Meineng Clean | PairCorr |
| 0.92 | 000995 | Gansu Huangtai Wine | PairCorr |
| 0.91 | 600223 | Lushang Property | PairCorr |
| 0.93 | 605168 | Threes Company | PairCorr |
| 0.89 | 000001 | Ping An Bank | PairCorr |
| 0.9 | 600229 | Qingdao Citymedia | PairCorr |
| 0.86 | 300339 | Jiangsu Hoperun Software | PairCorr |
| 0.95 | 000625 | Chongqing Changan | PairCorr |
| 0.92 | 688298 | Zhejiang Orient Gene | PairCorr |
Related Correlations Analysis
| 0.84 | 0.55 | 0.63 | 0.92 | 000506 | ||
| 0.84 | 0.81 | 0.8 | 0.89 | 600616 | ||
| 0.55 | 0.81 | 0.84 | 0.76 | 600683 | ||
| 0.63 | 0.8 | 0.84 | 0.78 | 688050 | ||
| 0.92 | 0.89 | 0.76 | 0.78 | 000638 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 000506 | 3.75 | 1.51 | 0.29 | (3.63) | 3.72 | 5.19 | 10.57 | |||
| 600616 | 2.05 | 0.44 | 0.10 | (0.83) | 2.32 | 5.54 | 18.02 | |||
| 600683 | 2.63 | 0.42 | 0.09 | (2.02) | 2.88 | 6.48 | 20.01 | |||
| 688050 | 3.28 | 0.35 | 0.05 | (0.47) | 3.11 | 8.39 | 25.04 | |||
| 000638 | 2.65 | 0.82 | 0.18 | (0.76) | 2.94 | 6.42 | 18.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Yunnan Hongxiang 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?
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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 |