YLZ Information Correlations

300096 Stock

3.61 0.04 1.12%

The current 90-days correlation between YLZ Information Tech and Shandong Ruifeng Chemical is 0.15 (i.e., Average diversification). The correlation of YLZ Information 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.

YLZ Information Correlation With Market

Average diversification

The correlation between YLZ Information Tech and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YLZ Information Tech and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with YLZ Stock

0.65	601658	Postal Savings Bank	Pair Corr
0.86	601728	China Telecom Corp	Pair Corr
0.93	002236	Zhejiang Dahua Technology	Pair Corr
0.94	900957	Shanghai Lingyun Ind	Pair Corr

Moving against YLZ Stock

0.46

600028

China Petroleum Chemical

Pair Corr

Related Correlations Analysis

	601615	159681	159005	300729	516220	002096	300243	603269	300049	688618
601615		0.9	0.91	0.92	0.91	0.73	0.92	0.91	0.04	0.88	601615
159681	0.9		0.87	0.95	0.99	0.86	0.87	0.9	0.31	0.94	159681
159005	0.91	0.87		0.87	0.87	0.73	0.93	0.81	-0.09	0.76	159005
300729	0.92	0.95	0.87		0.94	0.78	0.84	0.88	0.22	0.88	300729
516220	0.91	0.99	0.87	0.94		0.84	0.88	0.89	0.24	0.93	516220
002096	0.73	0.86	0.73	0.78	0.84		0.72	0.79	0.46	0.82	002096
300243	0.92	0.87	0.93	0.84	0.88	0.72		0.85	0.0	0.81	300243
603269	0.91	0.9	0.81	0.88	0.89	0.79	0.85		0.33	0.94	603269
300049	0.04	0.31	-0.09	0.22	0.24	0.46	0.0	0.33		0.4	300049
688618	0.88	0.94	0.76	0.88	0.93	0.82	0.81	0.94	0.4		688618
	601615	159681	159005	300729	516220	002096	300243	603269	300049	688618

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

516220	+ 0.99	159681
300729	+ 0.95	159681
688618	+ 0.94	159681
516220	+ 0.94	300729
688618	+ 0.94	603269
300243	+ 0.93	159005

High negative correlations

300049	- 0.09	159005
300049	- 0.0	300243

Risk-Adjusted Indicators

There is a big difference between YLZ Stock performing well and YLZ Information 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 YLZ Information'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
601615	2.64	0.80	0.23	(3.10)	2.31	(3.20)	7.78	(4.15)	18.14
159681	2.96	0.72	0.13	(10.51)	3.01	(4.96)	8.99	(4.00)	36.32
159005	0.01	0.00	0.00	(0.75)	0.00	0.00	0.01	0.00	0.14
300729	2.09	0.41	0.09	6.59	2.84	(2.42)	6.27	(3.09)	24.80
516220	1.66	0.31	0.06	(3.82)	1.68	(2.92)	5.26	(3.03)	17.74
002096	2.09	0.14	0.01	0.91	2.38	(2.19)	4.30	(3.86)	13.27
300243	3.14	0.75	0.12	(0.67)	3.62	(3.47)	10.41	(4.71)	31.77
603269	2.61	0.40	0.08	(1.16)	2.73	(3.05)	5.98	(4.63)	16.65
300049	3.32	(0.16)	0.00	(0.19)	0.00	0.00	7.57	(7.51)	28.09
688618	3.30	0.32	0.05	4.25	4.07	(3.64)	9.39	(6.04)	29.46

Be your own money manager

Our tools can tell you how much better you can do entering a position in YLZ Information 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 Share Portfolio Now

Share Portfolio

Track or share privately all of your investments from the convenience of any device

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC