Puyang Huicheng Correlations
| 300481 Stock | 15.74 0.53 3.26% |
The current 90-days correlation between Puyang Huicheng Elec and Anji Foodstuff Co is 0.71 (i.e., Poor diversification). The correlation of Puyang Huicheng 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.
Puyang Huicheng Correlation With Market
Good diversification
The correlation between Puyang Huicheng Electronic 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 Puyang Huicheng Electronic and DJI in the same portfolio, assuming nothing else is changed.
Puyang |
The ability to find closely correlated positions to Puyang Huicheng could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Puyang Huicheng 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 Puyang Huicheng - 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 Puyang Huicheng Electronic to buy it.
Moving together with Puyang Stock
| 0.7 | 600309 | Wanhua Chemical Group | PairCorr |
| 0.88 | 600019 | Baoshan Iron Steel | PairCorr |
| 0.9 | 002493 | Rongsheng Petrochemical | PairCorr |
| 0.86 | 600010 | Inner Mongolia BaoTou | PairCorr |
| 0.9 | 002460 | Jiangxi Ganfeng Lithium | PairCorr |
| 0.91 | 603260 | Hoshine Silicon Ind | PairCorr |
| 0.89 | 600160 | Zhejiang Juhua | PairCorr |
| 0.9 | 000807 | Yunnan Aluminium | PairCorr |
| 0.72 | 601658 | Postal Savings Bank | PairCorr |
| 0.89 | 601728 | China Telecom Corp | PairCorr |
| 0.86 | 000678 | Xiangyang Automobile | PairCorr |
| 0.96 | 688137 | Suzhou Novoprotein | PairCorr |
| 0.93 | 300364 | COL Digital Publishing | PairCorr |
Moving against Puyang Stock
Related Correlations Analysis
| 0.94 | 0.88 | 0.92 | 0.96 | 0.94 | 603696 | ||
| 0.94 | 0.77 | 0.93 | 0.93 | 0.93 | 603317 | ||
| 0.88 | 0.77 | 0.76 | 0.81 | 0.88 | 603057 | ||
| 0.92 | 0.93 | 0.76 | 0.93 | 0.87 | 000059 | ||
| 0.96 | 0.93 | 0.81 | 0.93 | 0.89 | 000785 | ||
| 0.94 | 0.93 | 0.88 | 0.87 | 0.89 | 603713 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Puyang Stock performing well and Puyang Huicheng 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 Puyang Huicheng'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 603696 | 1.78 | 0.32 | 0.08 | (2.16) | 2.20 | 4.31 | 18.58 | |||
| 603317 | 2.43 | 0.54 | 0.13 | (0.72) | 2.29 | 7.26 | 15.95 | |||
| 603057 | 2.07 | 0.54 | 0.15 | (1.33) | 2.11 | 5.77 | 18.04 | |||
| 000059 | 2.66 | 0.57 | 0.12 | (0.47) | 2.61 | 6.88 | 17.09 | |||
| 000785 | 2.14 | 0.35 | 0.06 | (0.49) | 2.59 | 4.93 | 16.47 | |||
| 603713 | 2.26 | 0.39 | 0.08 | (0.84) | 2.51 | 6.05 | 19.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Puyang Huicheng 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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Puyang Huicheng Corporate Management
Elected by the shareholders, the Puyang Huicheng's board of directors comprises two types of representatives: Puyang Huicheng inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Puyang. The board's role is to monitor Puyang Huicheng's management team and ensure that shareholders' interests are well served. Puyang Huicheng'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, Puyang Huicheng's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bei Wu | General Manager | Profile | |
| Xiaoxia Fan | Financial Controller | Profile | |
| Zhiyan Zhao | Deputy Manager | Profile | |
| Dong Hua | Deputy Manager | Profile | |
| Fumin Cui | Deputy Manager | Profile | |
| Shu Chen | Board GM | Profile | |
| Guoqing Wang | General Manager | Profile |