Tianjin LVYIN Correlations

Stocks . China . 
Stock . Tianjin LVYIN Landscape
002887 Stock   7.21  0.45  5.87%   
The current 90-days correlation between Tianjin LVYIN Landscape and Yes Optoelectronics Co is 0.47 (i.e., Very weak diversification). The correlation of Tianjin LVYIN 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.

Tianjin LVYIN Correlation With Market

Significant diversification

The correlation between Tianjin LVYIN Landscape and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tianjin LVYIN Landscape and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Tianjin LVYIN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tianjin LVYIN 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 Tianjin LVYIN - 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 Tianjin LVYIN Landscape to buy it.

Moving together with Tianjin Stock

  0.65601398 Industrial and CommercialPairCorr
  0.67601939 China Construction BankPairCorr
  0.63601988 Bank of ChinaPairCorr
  0.62600036 China Merchants BankPairCorr
  0.7601998 China Citic BankPairCorr
  0.91300359 Qtone Education GroupPairCorr
  0.9605128 Shanghai Yanpu MetalPairCorr
  0.84300880 Ningbo Jianan ElectronicsPairCorr
  0.76301390 Hangzhou Gisway InfoPairCorr
  0.89600633 Zhejiang Daily MediaPairCorr
  0.93002946 New Hope DairyPairCorr
  0.92002382 Blue Sail MedicalPairCorr
  0.72000661 Changchun High NewPairCorr
  0.9000909 Soyea TechnologyPairCorr
  0.61605377 Hangzhou Huawang NewPairCorr
  0.74002847 Yankershop FoodPairCorr
  0.95603969 Tianjin Silvery DragonPairCorr
  0.91601929 JiShi MediaPairCorr
  0.8688507 Shanghai Suochen InfPairCorr
  0.73300433 Lens TechnologyPairCorr
  0.78000560 5I5j Holding GroupPairCorr
  0.88300815 Eit EnvironmentalPairCorr
  0.85600498 Fiberhome TelecommunicatioPairCorr
  0.87002303 Shenzhen MYS EnvironPairCorr
  0.87301379 Techshine ElectronicsPairCorr
  0.83000506 Zhongrun ResourcesPairCorr
  0.94600455 ButOne Information CorpPairCorr
  0.91688119 Sinosteel Luonai MatPairCorr
  0.89603068 Beken CorpPairCorr
  0.9603313 HealthcarePairCorr
  0.92002584 Xilong ChemicalPairCorr
  0.84688047 Loongson Technology CorpPairCorr
  0.82002893 Beijing HuaYuanYiTongPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Tianjin Stock performing well and Tianjin LVYIN 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 Tianjin LVYIN'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
601615  2.72  0.67  0.24  5.50  2.38 
(3.46)
 7.78 
(3.82)
 18.14 
159681  2.98  0.65  0.15 (9.24) 3.03 
(4.94)
 8.99 
(4.00)
 36.32 
159005  0.01  0.00  0.00  0.57  0.00 
 0.00 
 0.01 
(0.01)
 0.14 
300729  2.32  0.26  0.07  0.93  3.14 
(2.51)
 6.27 
(4.21)
 24.80 
002952  3.20  0.44  0.09 (0.76) 3.87 
(3.21)
 9.02 
(6.36)
 19.99 
516220  1.69  0.28  0.09 (1.43) 1.71 
(2.82)
 5.26 
(3.03)
 17.74 
002096  2.16  0.21  0.08  1.20  2.36 
(2.38)
 4.30 
(3.86)
 13.27 
002999  2.60  0.34  0.09  6.85  3.18 
(2.87)
 6.20 
(5.34)
 17.06 
300243  3.23  0.54  0.11 (0.79) 4.01 
(3.65)
 10.41 
(5.67)
 31.77 
603269  2.77  0.50  0.15  7.37  2.75 
(3.27)
 5.98 
(5.73)
 16.65 

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Our tools can tell you how much better you can do entering a position in Tianjin LVYIN 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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Tianjin LVYIN Corporate Management

Elected by the shareholders, the Tianjin LVYIN's board of directors comprises two types of representatives: Tianjin LVYIN inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tianjin. The board's role is to monitor Tianjin LVYIN's management team and ensure that shareholders' interests are well served. Tianjin LVYIN'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, Tianjin LVYIN's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mei FanVPProfile
Xiao GuoVPProfile
Kai HaoBoard VPProfile
Jian MaBoard SecProfile
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