Loctek Ergonomic Correlations

Stocks . China . 
Stock . Loctek Ergonomic Technology
300729 Stock   17.27  0.57  3.41%   
The current 90-days correlation between Loctek Ergonomic Tec and Everjoy Health Group is 0.55 (i.e., Very weak diversification). The correlation of Loctek Ergonomic 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.

Loctek Ergonomic Correlation With Market

Good diversification

The correlation between Loctek Ergonomic Technology 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 Loctek Ergonomic Technology and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Loctek Ergonomic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Loctek Ergonomic 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 Loctek Ergonomic - 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 Loctek Ergonomic Technology to buy it.

Moving together with Loctek Stock

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  0.89300760 Shenzhen Mindray BioPairCorr
  0.91002594 BYD CoPairCorr
  0.97300750 Contemporary AmperexPairCorr
  0.96688111 Beijing Kingsoft OfficePairCorr
  0.92600436 Zhangzhou PientzehuangPairCorr
  0.94002268 Westone InformationPairCorr
  0.86601933 Yonghui SuperstoresPairCorr
  0.87002295 Guangdong Jingyi MetalPairCorr
  0.93000688 Guocheng MiningPairCorr
  0.81000553 ADAMAPairCorr
  0.94600030 CITIC SecuritiesPairCorr
  0.94000516 Xian InternationalPairCorr
  0.96688137 Suzhou NovoproteinPairCorr
  0.93300071 Spearhead IntegratedPairCorr
  0.98603096 Thinkingdom MediaPairCorr
  0.84300848 Miracll ChemicalsPairCorr
  0.82002761 Zhejiang ConstructionPairCorr
  0.84603389 A Zenith HomePairCorr
  0.94601900 Southern PublishingMediaPairCorr
  0.9300033 Hithink RoyalFlush InfoPairCorr
  0.96300818 Jiangxi Naipu MiningPairCorr
  0.92300364 COL Digital PublishingPairCorr
  0.96600488 Tianjin Tianyao PharPairCorr
  0.87000678 Xiangyang AutomobilePairCorr
  0.9301236 iSoftStone InformationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Loctek Stock performing well and Loctek Ergonomic 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 Loctek Ergonomic'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 Loctek Ergonomic 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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Loctek Ergonomic Corporate Management

Elected by the shareholders, the Loctek Ergonomic's board of directors comprises two types of representatives: Loctek Ergonomic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Loctek. The board's role is to monitor Loctek Ergonomic's management team and ensure that shareholders' interests are well served. Loctek Ergonomic'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, Loctek Ergonomic's outside directors are responsible for providing unbiased perspectives on the board's policies.
Chaofeng GuDeputy ManagerProfile
Zhihui MeiManager SupervisorProfile
Haiguang SunDeputy ManagerProfile
Mi BaiSecurities RepresentativeProfile
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