Aier Eye Correlations
| 300015 Stock | 12.42 0.04 0.32% |
The current 90-days correlation between Aier Eye Hospital and Juneyao Airlines is 0.36 (i.e., Weak diversification). The correlation of Aier Eye 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.
Aier Eye Correlation With Market
Average diversification
The correlation between Aier Eye Hospital and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aier Eye Hospital and DJI in the same portfolio, assuming nothing else is changed.
Aier |
The ability to find closely correlated positions to Aier Eye could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aier Eye 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 Aier Eye - 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 Aier Eye Hospital to buy it.
Moving together with Aier Stock
| 0.86 | 001289 | China Longyuan Power | PairCorr |
| 0.62 | 600025 | Huaneng Lancang River | PairCorr |
| 0.76 | 301017 | ShuYu Civilian Pharmacy | PairCorr |
Moving against Aier Stock
| 0.74 | 601857 | PetroChina | PairCorr |
| 0.67 | 300866 | Anker Innovations | PairCorr |
| 0.66 | 603236 | Quectel Wireless Sol | PairCorr |
| 0.53 | 600368 | Guangxi Wuzhou Commu | PairCorr |
| 0.51 | 002397 | Hunan Mendale Hometextile | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Aier Stock performing well and Aier Eye 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 Aier Eye'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 603885 | 1.61 | 0.23 | 0.11 | (5.07) | 1.65 | 3.93 | 10.92 | |||
| 002152 | 2.03 | (0.03) | 0.00 | (0.12) | 0.00 | 4.41 | 13.84 | |||
| 000402 | 2.65 | 0.04 | 0.01 | 0.14 | 3.26 | 7.51 | 16.39 | |||
| 603132 | 1.22 | (0.02) | 0.00 | 0.19 | 0.00 | 2.61 | 7.64 | |||
| 000688 | 2.82 | 0.23 | 0.06 | 0.63 | 3.25 | 6.60 | 19.45 | |||
| 600599 | 2.91 | 0.19 | 0.06 | 0.23 | 3.14 | 5.01 | 10.06 | |||
| 300818 | 1.75 | (0.01) | (0.01) | 0.00 | 2.27 | 4.11 | 14.59 | |||
| 300099 | 2.57 | 0.02 | 0.00 | 0.05 | 3.44 | 5.22 | 12.64 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aier Eye 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 Transaction History Now
Transaction HistoryView history of all your transactions and understand their impact on performance |
| All Next | Launch Module |
Aier Eye Corporate Management
Elected by the shareholders, the Aier Eye's board of directors comprises two types of representatives: Aier Eye inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aier. The board's role is to monitor Aier Eye's management team and ensure that shareholders' interests are well served. Aier Eye'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, Aier Eye's outside directors are responsible for providing unbiased perspectives on the board's policies.