Guilin Seamild Correlations

002956 Stock

15.76 0.25 1.56%

The current 90-days correlation between Guilin Seamild Foods and Harbin Air Conditioning is 0.29 (i.e., Modest diversification). The correlation of Guilin Seamild 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.

Guilin Seamild Correlation With Market

Significant diversification

The correlation between Guilin Seamild Foods and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guilin Seamild Foods and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Guilin Stock

0.83	601988	Bank of China	Pair Corr
0.69	601857	PetroChina	Pair Corr
0.82	600941	China Mobile Limited	Pair Corr
0.82	601398	Industrial and Commercial	Pair Corr
0.77	601818	China Everbright Bank	Pair Corr

Moving against Guilin Stock

0.59	601318	Ping An Insurance	Pair Corr
0.47	600519	Kweichow Moutai	Pair Corr

Related Correlations Analysis

	600141	600202	000895	688376	000548	300804	300363
600141		0.2	-0.31	0.92	0.23	0.73	0.92	600141
600202	0.2		-0.26	0.27	0.58	0.71	0.28	600202
000895	-0.31	-0.26		-0.31	-0.1	-0.29	-0.2	000895
688376	0.92	0.27	-0.31		0.24	0.75	0.94	688376
000548	0.23	0.58	-0.1	0.24		0.65	0.28	000548
300804	0.73	0.71	-0.29	0.75	0.65		0.78	300804
300363	0.92	0.28	-0.2	0.94	0.28	0.78		300363
	600141	600202	000895	688376	000548	300804	300363

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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

300363	+ 0.94	688376
688376	+ 0.92	600141
300363	+ 0.92	600141
300363	+ 0.78	300804
300804	+ 0.75	688376
300804	+ 0.73	600141

High negative correlations

688376	- 0.31	000895
000895	- 0.31	600141
300804	- 0.29	000895
000895	- 0.26	600202
300363	- 0.2	000895
000548	- 0.1	000895

Risk-Adjusted Indicators

There is a big difference between Guilin Stock performing well and Guilin Seamild 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 Guilin Seamild'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
600141	1.30	(0.13)	0.00	1.15	0.00	0.00	1.95	(2.68)	11.35
600202	2.50	(0.04)	0.00	(0.03)	0.00	0.00	4.78	(7.20)	20.13
000895	0.91	0.12	0.02	(0.22)	1.02	(1.00)	1.84	(1.73)	5.89
688376	1.97	(0.21)	0.00	(0.16)	0.00	0.00	4.08	(4.99)	13.52
000548	1.91	0.06	0.02	0.16	2.57	(1.94)	2.93	(4.09)	16.30
300804	1.65	(0.09)	0.00	(1.05)	0.00	0.00	2.56	(4.39)	9.26
300363	2.13	(0.28)	0.00	(0.43)	0.00	0.00	3.43	(3.84)	17.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Guilin Seamild 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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Guilin Seamild Corporate Management

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

Lili Liao	Deputy Manager	Profile
Jianping He	Securities Representative	Profile
Hongyan Sun	Deputy Manager	Profile
Jinling Xie	Deputy Secretary	Profile
Xiangsheng Meng	General Manager	Profile

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