Zhejiang Huatong Correlations
| 002840 Stock | 13.73 0.45 3.17% |
The current 90-days correlation between Zhejiang Huatong Meat and Nanjing Putian Telecommunications is 0.21 (i.e., Modest diversification). The correlation of Zhejiang Huatong 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.
Zhejiang Huatong Correlation With Market
Average diversification
The correlation between Zhejiang Huatong Meat and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhejiang Huatong Meat and DJI in the same portfolio, assuming nothing else is changed.
Zhejiang |
The ability to find closely correlated positions to Zhejiang Huatong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhejiang Huatong 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 Zhejiang Huatong - 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 Zhejiang Huatong Meat to buy it.
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Zhejiang Stock performing well and Zhejiang Huatong 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 Zhejiang Huatong'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 200468 | 3.51 | 1.23 | 0.31 | (14.14) | 3.07 | 9.69 | 20.07 | |||
| 600322 | 4.18 | 1.23 | 0.23 | 1.22 | 4.09 | 10.11 | 20.26 | |||
| 300391 | 4.99 | 0.93 | 0.14 | (3.37) | 5.37 | 20.04 | 35.48 | |||
| 002168 | 2.68 | 0.44 | 0.13 | 0.53 | 2.91 | 5.09 | 14.88 | |||
| 300301 | 2.87 | 0.65 | 0.16 | (5.70) | 3.30 | 7.69 | 24.85 | |||
| 000692 | 2.85 | 0.74 | 0.23 | 3.57 | 2.77 | 9.88 | 17.12 | |||
| 300013 | 3.43 | 0.77 | 0.18 | 2.02 | 3.62 | 8.58 | 23.57 | |||
| 600462 | 2.55 | 0.42 | 0.14 | 1.47 | 2.77 | 5.22 | 10.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Zhejiang Huatong 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?
Run Risk-Return Analysis Now
Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
Zhejiang Huatong Corporate Management
Elected by the shareholders, the Zhejiang Huatong's board of directors comprises two types of representatives: Zhejiang Huatong inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zhejiang. The board's role is to monitor Zhejiang Huatong's management team and ensure that shareholders' interests are well served. Zhejiang Huatong'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, Zhejiang Huatong's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wanzhen Zhu | Board Secretary | Profile | |
| Kaijun Zhang | Chief Officer | Profile | |
| Wenwen Zhu | Deputy Manager | Profile | |
| Kai Zhu | Vice GM | Profile | |
| Xi Zhou | Chief Officer | Profile | |
| Yong Chen | Deputy Manager | Profile |