Tjk Machinery Correlations
| 300823 Stock | 16.01 0.27 1.66% |
The current 90-days correlation between Tjk Machinery Tianjin and Suzhou Novoprotein Scientific is 0.72 (i.e., Poor diversification). The correlation of Tjk Machinery 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.
Tjk Machinery Correlation With Market
Good diversification
The correlation between Tjk Machinery Tianjin and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tjk Machinery Tianjin and DJI in the same portfolio, assuming nothing else is changed.
Tjk |
The ability to find closely correlated positions to Tjk Machinery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tjk Machinery 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 Tjk Machinery - 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 Tjk Machinery Tianjin to buy it.
Moving together with Tjk Stock
| 0.84 | 600036 | China Merchants Bank | PairCorr |
| 0.73 | 601166 | Industrial Bank | PairCorr |
| 0.75 | 600000 | Shanghai Pudong Deve | PairCorr |
| 0.83 | 601628 | China Life Insurance | PairCorr |
| 0.83 | 601318 | Ping An Insurance | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Tjk Stock performing well and Tjk Machinery 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 Tjk Machinery'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 300841 | 2.70 | 0.31 | 0.04 | (0.28) | 3.41 | 4.85 | 32.68 | |||
| 603392 | 1.83 | 0.18 | 0.02 | (0.42) | 2.03 | 3.90 | 16.51 | |||
| 688137 | 1.91 | 0.27 | 0.06 | (3.10) | 2.60 | 5.14 | 22.24 | |||
| 601600 | 2.14 | 0.30 | 0.07 | 1.39 | 2.69 | 6.09 | 17.74 | |||
| 300364 | 4.03 | 0.84 | 0.14 | (1.78) | 4.27 | 9.53 | 34.75 | |||
| 001299 | 1.79 | 0.27 | 0.06 | (1.17) | 2.07 | 4.14 | 15.29 | |||
| 000995 | 3.70 | 0.70 | 0.13 | (9.19) | 4.01 | 10.00 | 20.01 | |||
| 600223 | 1.82 | 0.15 | 0.02 | (1.41) | 2.36 | 4.58 | 16.41 | |||
| 605168 | 2.81 | 0.48 | 0.10 | (4.52) | 3.14 | 8.18 | 19.99 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tjk Machinery 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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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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Tjk Machinery Corporate Management
Elected by the shareholders, the Tjk Machinery's board of directors comprises two types of representatives: Tjk Machinery inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tjk. The board's role is to monitor Tjk Machinery's management team and ensure that shareholders' interests are well served. Tjk Machinery'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, Tjk Machinery's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jianshan Xue | Core Staff | Profile | |
| Yuhong Pan | Core Staff | Profile | |
| Zhendong Chen | Core GM | Profile | |
| Xin Zhang | Deputy Staff | Profile | |
| Lin Lin | Deputy Secretary | Profile |