COL Digital Correlations

300364 Stock   28.71  0.88  3.16%   
The current 90-days correlation between COL Digital Publishing and Jointo Energy Investment is 0.56 (i.e., Very weak diversification). The correlation of COL Digital 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.

COL Digital Correlation With Market

Good diversification

The correlation between COL Digital Publishing and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding COL Digital Publishing and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to COL Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COL Digital 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 COL Digital - 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 COL Digital Publishing to buy it.

Moving together with COL Stock

  0.75601658 Postal Savings BankPairCorr
  0.91601318 Ping An InsurancePairCorr
  0.9600036 China Merchants BankPairCorr
  0.79601166 Industrial BankPairCorr
  0.65601998 China Citic BankPairCorr
  0.84000678 Xiangyang AutomobilePairCorr

Related Correlations Analysis

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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   
002021600864
688335600864
002021002173
002173600864
688335000600
688335600053
  
High negative correlations   
002021508098
508098600864
002173508098
688335508098
600053508098
508098000600

Risk-Adjusted Indicators

There is a big difference between COL Stock performing well and COL Digital 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 COL Digital'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in COL Digital 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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COL Digital Corporate Executives

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