Kailong High Correlations
| 300912 Stock | 11.68 0.04 0.34% |
The current 90-days correlation between Kailong High Technology and Sanbo Hospital Management is 0.39 (i.e., Weak diversification). The correlation of Kailong High 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.
Kailong High Correlation With Market
Good diversification
The correlation between Kailong High Technology and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kailong High Technology and DJI in the same portfolio, assuming nothing else is changed.
Kailong |
The ability to find closely correlated positions to Kailong High could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kailong High 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 Kailong High - 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 Kailong High Technology to buy it.
Moving together with Kailong Stock
| 0.66 | 300081 | Hengxin Mobile Business | PairCorr |
| 0.82 | 600568 | Zhongzhu Medical Holdings | PairCorr |
| 0.62 | 601238 | Guangzhou Automobile | PairCorr |
| 0.71 | 600608 | Shanghai Broadband | PairCorr |
| 0.63 | 002124 | Ningbo Tech Bank | PairCorr |
Moving against Kailong Stock
Related Correlations Analysis
| 0.62 | 0.43 | 0.86 | 0.82 | 0.71 | 301293 | ||
| 0.62 | 0.02 | 0.47 | 0.57 | 0.44 | 002935 | ||
| 0.43 | 0.02 | 0.44 | 0.49 | 0.36 | 600804 | ||
| 0.86 | 0.47 | 0.44 | 0.91 | 0.55 | 600131 | ||
| 0.82 | 0.57 | 0.49 | 0.91 | 0.48 | 002465 | ||
| 0.71 | 0.44 | 0.36 | 0.55 | 0.48 | 600498 | ||
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Risk-Adjusted Indicators
There is a big difference between Kailong Stock performing well and Kailong High 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 Kailong High'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 301293 | 2.92 | 0.26 | 0.07 | 0.33 | 3.38 | 6.26 | 19.17 | |||
| 002935 | 2.18 | 0.04 | 0.01 | 0.02 | 3.09 | 4.08 | 17.41 | |||
| 600804 | 3.72 | 0.69 | 0.16 | 10.81 | 3.88 | 5.21 | 10.56 | |||
| 600131 | 2.25 | 0.05 | 0.02 | 0.04 | 2.62 | 4.80 | 15.62 | |||
| 002465 | 2.22 | 0.03 | 0.01 | 0.01 | 2.70 | 5.89 | 13.08 | |||
| 600498 | 2.11 | 0.25 | 0.09 | 0.24 | 2.52 | 6.31 | 13.82 |
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Kailong High Corporate Executives
Elected by the shareholders, the Kailong High's board of directors comprises two types of representatives: Kailong High inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kailong. The board's role is to monitor Kailong High's management team and ensure that shareholders' interests are well served. Kailong High'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, Kailong High's outside directors are responsible for providing unbiased perspectives on the board's policies.