Lens Technology Correlations

Stocks . China . 
Stock . Lens Technology Co
300433 Stock   22.48  0.31  1.40%   
The current 90-days correlation between Lens Technology and Industrial and Commercial is -0.38 (i.e., Very good diversification). The correlation of Lens Technology 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.

Lens Technology Correlation With Market

Good diversification

The correlation between Lens Technology Co and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lens Technology Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lens Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lens Technology 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 Lens Technology - 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 Lens Technology Co to buy it.

Moving together with Lens Stock

  0.65000980 Zotye AutomobilePairCorr
  0.63300825 Iat Automobile TechnologyPairCorr
  0.87600633 Zhejiang Daily MediaPairCorr
  0.66601929 JiShi MediaPairCorr
  0.68600455 ButOne Information CorpPairCorr
  0.75605377 Hangzhou Huawang NewPairCorr
  0.65002946 New Hope DairyPairCorr
  0.71301390 Hangzhou Gisway InfoPairCorr
  0.66603313 HealthcarePairCorr
  0.75600755 Xiamen ITG GroupPairCorr
  0.77000661 Changchun High NewPairCorr
  0.86688325 Guangdong CellwisePairCorr
  0.8688047 Loongson Technology CorpPairCorr
  0.82688507 Shanghai Suochen InfPairCorr
  0.82600498 Fiberhome TelecommunicatioPairCorr
  0.85688082 ACM Research ShanghaiPairCorr
  0.62600719 Dalian Thermal PowerPairCorr
  0.82002074 Gotion High techPairCorr
  0.7000560 5I5j Holding GroupPairCorr
  0.82605128 Shanghai Yanpu MetalPairCorr
  0.81688119 Sinosteel Luonai MatPairCorr
  0.86301379 Techshine ElectronicsPairCorr
  0.8300815 Eit EnvironmentalPairCorr
  0.71600335 Sinomach AutomobilePairCorr
  0.81300359 Qtone Education GroupPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Lens Stock performing well and Lens Technology 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 Lens Technology'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
601398  1.14  0.30  0.21  2.87  1.01 
(1.49)
 2.83 
(1.71)
 8.14 
601939  1.14  0.31  0.18  1.75  1.15 
(1.37)
 3.32 
(1.93)
 8.64 
601288  1.06  0.25  0.14  1.64  1.12 
(1.18)
 2.98 
(1.89)
 7.78 
601988  1.02  0.25  0.18  1.43  0.93 
(1.29)
 2.67 
(1.98)
 7.70 
601857  1.32  0.21  0.08  7.11  1.80 
(1.67)
 3.55 
(2.01)
 17.17 
600036  1.59  0.39  0.17 (6.71) 1.72 
(1.84)
 4.65 
(2.56)
 13.83 
600938  1.40  0.19  0.07 (2.66) 1.89 
(1.51)
 3.83 
(2.13)
 16.49 
600941  1.07  0.21  0.16 (79.70) 0.94 
(1.38)
 3.09 
(2.04)
 8.38 
601328  1.34  0.27  0.16  4.25  1.22 
(1.60)
 3.26 
(2.12)
 10.82 
601658  1.39  0.32  0.17  1.81  1.31 
(1.70)
 3.49 
(2.23)
 9.13 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lens Technology 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 CEOs Directory Now

   

CEOs Directory

Screen CEOs from public companies around the world
All  Next Launch Module

Lens Technology Corporate Executives

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