Suwen Electric Correlations
| 300982 Stock | 19.21 0.15 0.77% |
The current 90-days correlation between Suwen Electric Energy and Xiangyu Medical Co is 0.78 (i.e., Poor diversification). The correlation of Suwen Electric 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.
Suwen Electric Correlation With Market
Good diversification
The correlation between Suwen Electric Energy and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Suwen Electric Energy and DJI in the same portfolio, assuming nothing else is changed.
Suwen |
The ability to find closely correlated positions to Suwen Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Suwen Electric 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 Suwen Electric - 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 Suwen Electric Energy to buy it.
Moving together with Suwen Stock
| 0.72 | 200468 | Nanjing Putian Telec | PairCorr |
| 0.77 | 600322 | Tianjin Realty Devel | PairCorr |
| 0.83 | 300391 | Kangyue Technology | PairCorr |
| 0.75 | 300301 | Shenzhen Changfang Light | PairCorr |
| 0.71 | 000692 | Shenyang Huitian Thermal | PairCorr |
| 0.64 | 300013 | Jiangsu Xinning Modern | PairCorr |
| 0.85 | 002371 | NAURA Technology | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Suwen Stock performing well and Suwen Electric 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 Suwen Electric'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 688626 | 2.94 | 0.53 | 0.10 | 3.37 | 3.60 | 8.87 | 28.78 | |||
| 002382 | 1.70 | 0.42 | 0.11 | (1.63) | 2.14 | 3.40 | 15.66 | |||
| 300404 | 2.64 | 0.58 | 0.12 | (1.25) | 3.09 | 4.89 | 23.53 | |||
| 002219 | 3.11 | 0.80 | 0.21 | 1.40 | 2.87 | 10.00 | 18.08 | |||
| 301293 | 3.05 | 0.71 | 0.15 | 18.47 | 3.46 | 6.91 | 25.33 | |||
| 301009 | 2.32 | 0.48 | 0.11 | (1.73) | 2.48 | 5.43 | 21.38 | |||
| 002162 | 2.62 | 0.62 | 0.14 | (2.29) | 2.83 | 5.49 | 20.11 | |||
| 603579 | 1.81 | 0.37 | 0.08 | (2.54) | 2.47 | 3.23 | 17.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Suwen Electric 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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Suwen Electric Corporate Executives
Elected by the shareholders, the Suwen Electric's board of directors comprises two types of representatives: Suwen Electric inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Suwen. The board's role is to monitor Suwen Electric's management team and ensure that shareholders' interests are well served. Suwen Electric'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, Suwen Electric's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Zijian Zhang | CFO GM | Profile |