Ningbo MedicalSystem Correlations
| 300439 Stock | 10.81 0.61 5.34% |
The current 90-days correlation between Ningbo MedicalSystem and Industrial and Commercial is 0.07 (i.e., Significant diversification). The correlation of Ningbo MedicalSystem 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.
Ningbo MedicalSystem Correlation With Market
Good diversification
The correlation between Ningbo MedicalSystem Biotechno and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ningbo MedicalSystem Biotechno and DJI in the same portfolio, assuming nothing else is changed.
Ningbo |
The ability to find closely correlated positions to Ningbo MedicalSystem could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ningbo MedicalSystem 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 Ningbo MedicalSystem - 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 Ningbo MedicalSystem Biotechnology to buy it.
Moving together with Ningbo Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Ningbo Stock performing well and Ningbo MedicalSystem 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 Ningbo MedicalSystem'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601398 | 1.27 | 0.06 | (0.06) | (0.03) | 1.58 | 2.83 | 8.14 | |||
| 601939 | 1.34 | 0.09 | (0.04) | (0.13) | 1.76 | 3.32 | 8.64 | |||
| 601288 | 1.31 | 0.05 | (0.05) | (0.07) | 1.97 | 3.21 | 8.24 | |||
| 601988 | 1.23 | 0.10 | (0.03) | (0.20) | 1.51 | 2.67 | 7.70 | |||
| 601857 | 1.49 | (0.06) | 0.00 | 0.23 | 0.00 | 3.43 | 17.17 | |||
| 600036 | 1.56 | 0.29 | 0.05 | (0.37) | 1.72 | 4.65 | 13.83 | |||
| 600938 | 1.59 | (0.02) | 0.00 | 0.16 | 0.00 | 3.25 | 16.49 | |||
| 600941 | 1.00 | 0.03 | (0.09) | (0.04) | 1.18 | 2.05 | 8.38 | |||
| 601328 | 1.35 | (0.03) | 0.00 | 0.19 | 0.00 | 3.26 | 10.82 | |||
| 601658 | 1.46 | 0.19 | 0.01 | (0.31) | 1.79 | 3.49 | 9.13 |
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Ningbo MedicalSystem Corporate Management
Elected by the shareholders, the Ningbo MedicalSystem's board of directors comprises two types of representatives: Ningbo MedicalSystem inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ningbo. The board's role is to monitor Ningbo MedicalSystem's management team and ensure that shareholders' interests are well served. Ningbo MedicalSystem'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, Ningbo MedicalSystem's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Liang Fang | Deputy Manager | Profile | |
| Min Shen | Deputy Manager | Profile | |
| Huiping Xiong | Financial GM | Profile | |
| Hui Ye | Chief Mang | Profile |