Netac Tech Correlations
| 300042 Stock | 25.70 0.16 0.62% |
The current 90-days correlation between Netac Tech and China Sports Industry is 0.14 (i.e., Average diversification). The correlation of Netac Tech 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.
Netac Tech Correlation With Market
Average diversification
The correlation between Netac Tech and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Netac Tech and DJI in the same portfolio, assuming nothing else is changed.
Netac |
The ability to find closely correlated positions to Netac Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Netac Tech 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 Netac Tech - 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 Netac Tech to buy it.
Moving against Netac Stock
| 0.63 | 300478 | Hangzhou Gaoxin Rubber | PairCorr |
| 0.62 | 300337 | Yinbang Clad Material | PairCorr |
| 0.6 | 600033 | Fujian Expressway | PairCorr |
| 0.57 | 300189 | Hainan Shennong Tech | PairCorr |
| 0.53 | 688053 | Chengdu Screen Micro | PairCorr |
| 0.49 | 601318 | Ping An Insurance | PairCorr |
| 0.41 | 300448 | Guangzhou Haoyun Security | PairCorr |
| 0.4 | 002151 | Beijing BDStar Navigation | PairCorr |
| 0.4 | 301057 | Zhejiang Huilong New | PairCorr |
| 0.38 | 600028 | China Petroleum Chemical | PairCorr |
| 0.36 | 001203 | Inner Mongolia Dazhong | PairCorr |
| 0.35 | 600984 | Shaanxi Construction | PairCorr |
| 0.32 | 603353 | Hunan Heshun Petroleum | PairCorr |
| 0.74 | 000859 | Anhui Guofeng Plastic | PairCorr |
| 0.68 | 300548 | Broadex Technologies | PairCorr |
| 0.61 | 000070 | Shenzhen SDG Information | PairCorr |
| 0.54 | 002371 | NAURA Technology | PairCorr |
| 0.54 | 001270 | Zhejiang Chengchang | PairCorr |
| 0.53 | 300648 | Fujian Nebula Electronics | PairCorr |
| 0.48 | 000975 | Yintai Resources | PairCorr |
| 0.44 | 300502 | Eoptolink Technology | PairCorr |
| 0.39 | 688239 | Guizhou Aviation Tec | PairCorr |
Related Correlations Analysis
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 Netac Stock performing well and Netac Tech 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 Netac Tech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 600498 | 2.26 | (0.04) | (0.02) | 0.01 | 2.70 | 4.83 | 13.64 | |||
| 600158 | 1.14 | (0.09) | 0.00 | 1.46 | 0.00 | 2.19 | 6.75 | |||
| 300058 | 2.90 | 0.71 | 0.19 | (0.50) | 2.51 | 8.73 | 20.61 | |||
| 300939 | 1.74 | (0.09) | 0.00 | (0.40) | 0.00 | 4.03 | 9.06 | |||
| 300081 | 2.49 | 0.10 | 0.00 | (0.06) | 2.64 | 5.20 | 25.23 | |||
| 000558 | 2.09 | (0.26) | 0.00 | 7.10 | 0.00 | 4.46 | 11.60 | |||
| 300616 | 1.65 | 0.21 | 0.06 | (0.32) | 1.93 | 4.87 | 14.56 | |||
| 002397 | 1.84 | 0.16 | 0.05 | 5.07 | 1.98 | 4.88 | 15.64 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Netac Tech 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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Netac Tech Corporate Executives
Elected by the shareholders, the Netac Tech's board of directors comprises two types of representatives: Netac Tech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Netac. The board's role is to monitor Netac Tech's management team and ensure that shareholders' interests are well served. Netac Tech'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, Netac Tech's outside directors are responsible for providing unbiased perspectives on the board's policies.