ISoftStone Information Correlations

301236 Stock

56.43 1.77 3.04%

The current 90-days correlation between iSoftStone Information and Beijing Enlight Media is 0.45 (i.e., Very weak diversification). The correlation of ISoftStone Information 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.

ISoftStone Information Correlation With Market

Average diversification

The correlation between iSoftStone Information Technol and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iSoftStone Information Technol and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ISoftStone Stock

0.7	600519	Kweichow Moutai	Pair Corr
0.75	002594	BYD Co	Pair Corr
0.64	000596	Anhui Gujing Distillery	Pair Corr
0.74	300760	Shenzhen Mindray Bio	Pair Corr

Moving against ISoftStone Stock

0.67	002397	Hunan Mendale Hometextile	Pair Corr
0.64	300866	Anker Innovations	Pair Corr
0.49	603236	Quectel Wireless Sol	Pair Corr
0.48	600368	Guangxi Wuzhou Commu	Pair Corr
0.38	603226	Vohringer Home Technology	Pair Corr

Related Correlations Analysis

	601929	002188	300251	605168	603999	300528	000156	001300
601929		0.75	0.79	0.75	0.91	0.83	0.79	0.66	601929
002188	0.75		0.56	0.59	0.73	0.85	0.91	0.85	002188
300251	0.79	0.56		0.84	0.74	0.67	0.64	0.43	300251
605168	0.75	0.59	0.84		0.84	0.73	0.72	0.54	605168
603999	0.91	0.73	0.74	0.84		0.88	0.84	0.74	603999
300528	0.83	0.85	0.67	0.73	0.88		0.85	0.87	300528
000156	0.79	0.91	0.64	0.72	0.84	0.85		0.79	000156
001300	0.66	0.85	0.43	0.54	0.74	0.87	0.79		001300
	601929	002188	300251	605168	603999	300528	000156	001300

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Risk-Adjusted Indicators

There is a big difference between ISoftStone Stock performing well and ISoftStone Information 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 ISoftStone Information'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
601929	3.55	0.33	0.07	0.42	4.17	(4.13)	9.83	(7.22)	20.46
002188	2.45	0.03	0.00	1.29	3.58	(2.42)	4.53	(5.31)	18.15
300251	2.09	0.26	0.09	0.65	2.58	(2.08)	4.53	(4.10)	11.33
605168	3.39	0.21	0.05	0.41	3.97	(3.32)	8.18	(7.73)	18.38
603999	2.33	0.13	0.04	0.42	3.06	(2.54)	5.67	(5.19)	18.79
300528	3.32	0.15	0.03	0.18	4.80	(3.06)	6.74	(6.60)	25.26
000156	1.80	0.03	0.00	0.14	2.28	(1.90)	4.09	(3.74)	10.16
001300	2.77	0.07	0.01	0.11	4.17	(2.49)	6.32	(6.16)	20.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in ISoftStone Information 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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ISoftStone Information Corporate Management

Elected by the shareholders, the ISoftStone Information's board of directors comprises two types of representatives: ISoftStone Information inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ISoftStone. The board's role is to monitor ISoftStone Information's management team and ensure that shareholders' interests are well served. ISoftStone Information'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, ISoftStone Information's outside directors are responsible for providing unbiased perspectives on the board's policies.

Xiaosong Zhang	Consultant	Profile
Xiaosong CPA	Consultant	Profile
Yaxi Gong	Senior Development	Profile
Ying Huang	Deputy Officer	Profile

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