Xinjiang Tianshun Correlations

002800 Stock

13.03 0.08 0.62%

The current 90-days correlation between Xinjiang Tianshun Supply and Zhongtong Guomai Communication is -0.06 (i.e., Good diversification). The correlation of Xinjiang Tianshun 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.

Xinjiang Tianshun Correlation With Market

Good diversification

The correlation between Xinjiang Tianshun Supply and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xinjiang Tianshun Supply and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Xinjiang Stock

0.89	600996	Guizhou BroadcastingTV	Pair Corr
0.94	688203	Zhejiang HISUN Bioma	Pair Corr
0.9	603008	Xilinmen Furniture	Pair Corr
0.91	301370	GKHT Medical Technology	Pair Corr
0.63	688036	Shenzhen Transsion	Pair Corr
0.89	600459	Sino Platinum Metals	Pair Corr
0.94	900903	Dazhong Transportation	Pair Corr
0.93	900957	Shanghai Lingyun Ind	Pair Corr
0.88	002941	Xinjiang Communications	Pair Corr
0.79	688010	Fujian Forecam Optics	Pair Corr
0.94	002205	XinJiang GuoTong Pipeline	Pair Corr
0.78	002429	Shenzhen MTC	Pair Corr
0.86	000839	CITIC Guoan Information	Pair Corr
0.94	002491	Tongding Interconnection	Pair Corr
0.73	601111	Air China	Pair Corr
0.92	600429	Beijing Sanyuan Foods	Pair Corr
0.89	002869	Shenzhen Genvict Tec	Pair Corr
0.94	000042	Shenzhen Centralcon	Pair Corr
0.68	601998	China Citic Bank	Pair Corr
0.94	000555	Digital China Information	Pair Corr
0.9	002605	Shanghai Yaoji Playing	Pair Corr
0.8	688298	Zhejiang Orient Gene	Pair Corr
0.62	000598	Chengdu Xingrong Inv	Pair Corr
0.94	300252	Kingsignal Technology	Pair Corr
0.9	603180	Xiamen Goldenhome	Pair Corr
0.92	601615	Ming Yang Smart	Pair Corr
0.94	300074	AVCON Information Tech	Pair Corr
0.94	301236	iSoftStone Information	Pair Corr
0.89	002995	Beijing Quanshi World	Pair Corr
0.86	002792	Tongyu Communication	Pair Corr
0.92	605499	Eastroc Beverage Split	Pair Corr
0.92	002371	NAURA Technology	Pair Corr
0.66	002822	Shenzhen Zhongzhuang	Pair Corr
0.91	600399	Fushun Special Steel	Pair Corr
0.92	688019	Anji Microelectronics	Pair Corr

Related Correlations Analysis

	603559	002465	688376	600898	601111	600202	300955	300565
603559		0.84	0.62	0.74	0.71	0.83	0.77	0.71	603559
002465	0.84		0.88	0.61	0.85	0.94	0.96	0.86	002465
688376	0.62	0.88		0.38	0.61	0.83	0.92	0.92	688376
600898	0.74	0.61	0.38		0.53	0.69	0.55	0.42	600898
601111	0.71	0.85	0.61	0.53		0.83	0.82	0.61	601111
600202	0.83	0.94	0.83	0.69	0.83		0.96	0.85	600202
300955	0.77	0.96	0.92	0.55	0.82	0.96		0.91	300955
300565	0.71	0.86	0.92	0.42	0.61	0.85	0.91		300565
	603559	002465	688376	600898	601111	600202	300955	300565

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Risk-Adjusted Indicators

There is a big difference between Xinjiang Stock performing well and Xinjiang Tianshun 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 Xinjiang Tianshun'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
603559	3.71	1.14	0.22	(0.96)	3.71	(4.23)	5.05	(5.00)	10.11
002465	2.58	0.62	0.17	(42.66)	2.48	(3.16)	6.58	(5.19)	18.89
688376	3.17	0.70	0.15	(1.91)	3.10	(3.42)	6.91	(5.60)	26.82
600898	3.29	0.44	0.07	(0.89)	3.47	(3.59)	5.16	(5.08)	10.41
601111	1.57	0.22	0.06	1.50	1.64	(1.85)	4.16	(2.24)	13.48
600202	1.93	0.65	0.20	(5.99)	2.14	(2.20)	3.60	(3.72)	16.99
300955	2.45	0.55	0.12	14.24	3.12	(2.60)	5.15	(3.89)	25.95
300565	2.81	0.48	0.09	(10.74)	3.61	(3.09)	8.01	(4.75)	28.69

Be your own money manager

Our tools can tell you how much better you can do entering a position in Xinjiang Tianshun 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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Xinjiang Tianshun Corporate Executives

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

Xuxia Su

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