Ld Intelligent Correlations

300883 Stock

6.90 0.01 0.14%

The correlation of Ld Intelligent 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.

Ld Intelligent Correlation With Market

Average diversification

The correlation between Ld Intelligent Technology and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ld Intelligent Technology and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ld Intelligent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ld Intelligent 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 Ld Intelligent - 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 Ld Intelligent Technology to buy it.

Moving together with 300883 Stock

0.77	600019	Baoshan Iron Steel	Pair Corr
0.72	002493	Rongsheng Petrochemical	Pair Corr
0.67	600608	Shanghai Broadband	Pair Corr
0.74	002591	Jiangxi Hengda Hi	Pair Corr
0.61	601918	China Coal Xinji	Pair Corr
0.71	601021	Spring Airlines	Pair Corr
0.68	001228	Yongtaiyun Chemical	Pair Corr

Moving against 300883 Stock

0.56	688302	Hinova Pharmaceuticals	Pair Corr
0.31	600547	Shandong Gold Mining	Pair Corr
0.63	688047	Loongson Technology Corp	Pair Corr
0.4	000975	Yintai Resources	Pair Corr

Related Correlations Analysis

	601899	600309	600547	600019	002460	600489	600010	002493	600160	000807
601899		0.51	0.18	0.37	0.59	0.75	0.19	0.34	0.25	0.67	601899
600309	0.51		0.15	0.0	0.07	0.23	-0.49	0.25	0.3	0.76	600309
600547	0.18	0.15		-0.3	-0.04	0.58	0.12	-0.07	0.7	-0.33	600547
600019	0.37	0.0	-0.3		0.81	0.15	0.57	0.76	-0.33	0.39	600019
002460	0.59	0.07	-0.04	0.81		0.43	0.6	0.74	-0.03	0.37	002460
600489	0.75	0.23	0.58	0.15	0.43		0.35	0.07	0.27	0.22	600489
600010	0.19	-0.49	0.12	0.57	0.6	0.35		0.33	-0.1	-0.24	600010
002493	0.34	0.25	-0.07	0.76	0.74	0.07	0.33		0.03	0.4	002493
600160	0.25	0.3	0.7	-0.33	-0.03	0.27	-0.1	0.03		-0.17	600160
000807	0.67	0.76	-0.33	0.39	0.37	0.22	-0.24	0.4	-0.17		000807
	601899	600309	600547	600019	002460	600489	600010	002493	600160	000807

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

002460	+ 0.81	600019
000807	+ 0.76	600309
002493	+ 0.76	600019
600489	+ 0.75	601899
002493	+ 0.74	002460
600160	+ 0.7	600547

High negative correlations

600010	- 0.49	600309
600160	- 0.33	600019
000807	- 0.33	600547
600019	- 0.3	600547
000807	- 0.24	600010
000807	- 0.17	600160

Risk-Adjusted Indicators

There is a big difference between 300883 Stock performing well and Ld Intelligent 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 Ld Intelligent'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
601899	2.09	0.50	0.17	3.61	2.16	(2.32)	5.00	(3.74)	15.74
600309	1.41	0.23	0.10	0.98	1.41	(1.61)	3.45	(2.38)	10.02
600547	2.32	0.20	0.04	(0.53)	2.59	(2.44)	5.70	(4.39)	16.34
600019	0.95	0.11	0.04	0.41	1.07	(1.03)	2.37	(1.95)	6.15
002460	3.09	0.62	0.15	(4.61)	3.11	(3.77)	7.83	(5.56)	20.01
600489	2.43	0.46	0.14	(1.31)	2.41	(2.86)	8.05	(4.65)	15.51
600010	1.67	0.05	(0.03)	(0.03)	1.84	(2.14)	4.72	(3.05)	14.65
002493	1.66	0.23	0.09	0.55	1.75	(1.82)	4.46	(2.96)	9.75
600160	1.79	0.02	0.00	0.11	2.29	(1.86)	3.97	(3.68)	13.96
000807	2.21	0.61	0.25	0.53	2.00	(2.59)	5.95	(4.06)	14.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ld Intelligent 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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