MeHow Innovative Correlations

Stocks . China . 
Stock . MeHow Innovative Ltd
301363 Stock   23.12  0.53  2.24%   
The current 90-days correlation between MeHow Innovative and JuneYao Dairy Co is 0.12 (i.e., Average diversification). The correlation of MeHow Innovative 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.

MeHow Innovative Correlation With Market

Modest diversification

The correlation between MeHow Innovative Ltd and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MeHow Innovative Ltd and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to MeHow Innovative could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MeHow Innovative 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 MeHow Innovative - 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 MeHow Innovative Ltd to buy it.

Moving together with MeHow Stock

  0.67601668 China State ConstructionPairCorr
  0.71600048 Poly Real EstatePairCorr
  0.68000002 China VankePairCorr
  0.78600325 Huafa IndustrialPairCorr

Moving against MeHow Stock

  0.8001203 Inner Mongolia DazhongPairCorr
  0.79300390 Suzhou TAA UltraPairCorr
  0.78601600 Aluminum CorpPairCorr
  0.77601328 Bank of CommunicationsPairCorr
  0.77300448 Guangzhou Haoyun SecurityPairCorr
  0.75600938 CNOOC LimitedPairCorr
  0.74600618 Shanghai Chlor AlkaliPairCorr
  0.73600756 Inspur SoftwarePairCorr
  0.69002787 Suzhou Hycan HoldingsPairCorr
  0.68688148 Guangdong FangyuanPairCorr
  0.66601628 China Life InsurancePairCorr
  0.62601898 China Coal EnergyPairCorr
  0.61002466 Sichuan Tianqi LithiumPairCorr
  0.57601939 China Construction BankPairCorr
  0.46000889 ZJBC Information TecPairCorr
  0.41603069 Hainan Haiqi TranspoPairCorr
  0.4600053 Kunwu Jiuding InvestmentPairCorr
  0.38000070 Shenzhen SDG InformationPairCorr
  0.88300774 BGT GroupPairCorr
  0.79600408 Shanxi Antai GroupPairCorr
  0.78300300 Strait InnovationPairCorr
  0.75600089 TbeaPairCorr
  0.72603049 Zhongce Rubber GroupPairCorr
  0.71300959 Wuxi Online OfflinePairCorr
  0.69600753 Fujian Oriental SilverPairCorr
  0.68002899 Impulse Qingdao HealthPairCorr
  0.65002967 Grg MetrologyPairCorr
  0.65002432 Andon HealthPairCorr

Related Correlations Analysis


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

603345
+ 0.94
000895
603711
+ 0.85
603345
603711
+ 0.8
000895
605339
+ 0.8
603345
001219
+ 0.79
000895
605339
+ 0.78
000895
  

High negative correlations

000042
- 0.13
605339
000042
- 0.06
000895

Risk-Adjusted Indicators

There is a big difference between MeHow Stock performing well and MeHow Innovative 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 MeHow Innovative'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in MeHow Innovative 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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MeHow Innovative Corporate Executives

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