Bank of Zhengzhou Co Ltd Correlations
| 002936 Stock | 2.09 0.01 0.48% |
The current 90-days correlation between Bank of Zhengzhou Co Ltd and Caihong Display Devices is 0.12 (i.e., Average diversification). The correlation of Bank of Zhengzhou Co Ltd 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.
Bank of Zhengzhou Co Ltd Correlation With Market
Good diversification
The correlation between Bank of Zhengzhou and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of Zhengzhou and DJI in the same portfolio, assuming nothing else is changed.
Bank |
The ability to find closely correlated positions to Bank of Zhengzhou Co Ltd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Zhengzhou Co Ltd 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 Bank of Zhengzhou Co Ltd - 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 Bank of Zhengzhou to buy it.
Moving together with Bank Stock
| 0.76 | 601658 | Postal Savings Bank | PairCorr |
| 0.89 | 601318 | Ping An Insurance | PairCorr |
| 0.88 | 600036 | China Merchants Bank | PairCorr |
| 0.79 | 601166 | Industrial Bank | PairCorr |
| 0.76 | 601998 | China Citic Bank | PairCorr |
| 0.91 | 600742 | Changchun Faway Auto | PairCorr |
| 0.85 | 900957 | Shanghai Lingyun Ind | PairCorr |
| 0.9 | 002236 | Zhejiang Dahua Technology | PairCorr |
Related Correlations Analysis
| 0.89 | 0.57 | 0.9 | 0.76 | 0.84 | 0.86 | 600707 | ||
| 0.89 | 0.74 | 0.97 | 0.91 | 0.96 | 0.96 | 301190 | ||
| 0.57 | 0.74 | 0.69 | 0.91 | 0.65 | 0.65 | 002217 | ||
| 0.9 | 0.97 | 0.69 | 0.88 | 0.93 | 0.94 | 600158 | ||
| 0.76 | 0.91 | 0.91 | 0.88 | 0.85 | 0.86 | 002065 | ||
| 0.84 | 0.96 | 0.65 | 0.93 | 0.85 | 0.96 | 300387 | ||
| 0.86 | 0.96 | 0.65 | 0.94 | 0.86 | 0.96 | 000920 | ||
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Risk-Adjusted Indicators
There is a big difference between Bank Stock performing well and Bank of Zhengzhou Co Ltd 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 Bank of Zhengzhou Co Ltd '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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 600707 | 2.18 | 0.14 | 0.00 | (0.73) | 2.60 | 5.28 | 16.48 | |||
| 301190 | 1.91 | 0.41 | 0.08 | (0.83) | 2.54 | 4.29 | 22.46 | |||
| 002217 | 2.88 | 1.00 | 0.27 | 5.54 | 2.53 | 5.19 | 10.65 | |||
| 600158 | 1.72 | 0.31 | 0.07 | (4.19) | 2.13 | 3.92 | 15.65 | |||
| 002065 | 2.75 | 0.90 | 0.22 | 14.75 | 3.00 | 9.97 | 19.97 | |||
| 300387 | 2.58 | 0.75 | 0.17 | (2.43) | 2.97 | 6.70 | 26.11 | |||
| 000920 | 1.82 | 0.40 | 0.12 | 11.91 | 1.97 | 3.59 | 15.43 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bank of Zhengzhou Co Ltd 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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Bank of Zhengzhou Co Ltd Corporate Management
Elected by the shareholders, the Bank of Zhengzhou Co Ltd 's board of directors comprises two types of representatives: Bank of Zhengzhou Co Ltd inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bank. The board's role is to monitor Bank of Zhengzhou Co Ltd 's management team and ensure that shareholders' interests are well served. Bank of Zhengzhou Co Ltd '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, Bank of Zhengzhou Co Ltd 's outside directors are responsible for providing unbiased perspectives on the board's policies.
| CPA CPA | Joint Sec | Profile | |
| Yanli Wang | Chief Officer | Profile | |
| Guoquan Li | General Department | Profile | |
| Tao Jiang | Chief Officer | Profile | |
| CPA FCCA | Company Secretary | Profile |