Yankershop Food Correlations
| 002847 Stock | 53.32 0.66 1.22% |
The current 90-days correlation between Yankershop Food and Guangxi Guiguan Electric is 0.14 (i.e., Average diversification). The correlation of Yankershop Food 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.
Yankershop Food Correlation With Market
Average diversification
The correlation between Yankershop Food Co and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yankershop Food Co and DJI in the same portfolio, assuming nothing else is changed.
Yankershop |
The ability to find closely correlated positions to Yankershop Food could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yankershop Food 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 Yankershop Food - 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 Yankershop Food Co to buy it.
Moving together with Yankershop Stock
| 0.66 | 601988 | Bank of China | PairCorr |
| 0.76 | 601857 | PetroChina | PairCorr |
| 0.67 | 600941 | China Mobile Limited | PairCorr |
| 0.7 | 601398 | Industrial and Commercial | PairCorr |
Moving against Yankershop Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between Yankershop Stock performing well and Yankershop Food 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 Yankershop Food'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 001289 | 1.33 | (0.28) | 0.00 | (0.91) | 0.00 | 4.04 | 12.36 | |||
| 601857 | 1.09 | 0.00 | 0.00 | 0.05 | 0.00 | 2.47 | 7.14 | |||
| 600236 | 1.17 | 0.04 | (0.02) | 1.49 | 1.50 | 2.01 | 7.83 | |||
| 605198 | 2.11 | 0.23 | 0.09 | 0.27 | 2.50 | 4.20 | 17.93 | |||
| 600025 | 0.97 | (0.16) | 0.00 | 1.50 | 0.00 | 1.98 | 5.24 | |||
| 300600 | 2.08 | (0.01) | (0.02) | 0.02 | 2.76 | 3.49 | 10.22 | |||
| 301286 | 2.25 | (0.01) | (0.02) | 0.04 | 2.69 | 5.60 | 14.43 | |||
| 301017 | 2.89 | (0.07) | 0.00 | (0.38) | 0.00 | 6.65 | 27.56 | |||
| 301177 | 2.11 | 0.02 | 0.00 | 0.09 | 2.51 | 6.17 | 13.71 | |||
| 301200 | 2.25 | 0.14 | 0.04 | 0.44 | 2.48 | 7.24 | 15.30 |
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Yankershop Food Corporate Management
Elected by the shareholders, the Yankershop Food's board of directors comprises two types of representatives: Yankershop Food inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yankershop. The board's role is to monitor Yankershop Food's management team and ensure that shareholders' interests are well served. Yankershop Food'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, Yankershop Food's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Minsheng Huang | Deputy Manager | Profile | |
| Feng Yang | Financial Supervisor | Profile | |
| Yang Zhang | Board Secretary | Profile | |
| Xiang Qiu | Assistant Manager | Profile | |
| Xiaosan Zhang | Deputy Manager | Profile | |
| Lei Zhang | Deputy Manager | Profile |