Ziel Home Correlations

301376 Stock

20.13 1.35 6.28%

The current 90-days correlation between Ziel Home Furnishing and Agricultural Bank of is -0.04 (i.e., Good diversification). The correlation of Ziel Home 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.

Ziel Home Correlation With Market

Good diversification

The correlation between Ziel Home Furnishing and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ziel Home Furnishing and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ziel Stock

0.79	601668	China State Construction	Pair Corr
0.74	601390	China Railway Group	Pair Corr
0.75	601186	China Railway Constr	Pair Corr
0.76	601628	China Life Insurance	Pair Corr
0.77	601318	Ping An Insurance	Pair Corr

Related Correlations Analysis

	601288	601398	601988	601939	601857	601166	601628	601318
601288		0.93	0.93	0.94	0.58	0.66	0.27	0.38	601288
601398	0.93		0.94	0.96	0.69	0.6	0.23	0.34	601398
601988	0.93	0.94		0.9	0.65	0.63	0.25	0.36	601988
601939	0.94	0.96	0.9		0.54	0.76	0.44	0.56	601939
601857	0.58	0.69	0.65	0.54		0.19	-0.22	-0.11	601857
601166	0.66	0.6	0.63	0.76	0.19		0.84	0.92	601166
601628	0.27	0.23	0.25	0.44	-0.22	0.84		0.98	601628
601318	0.38	0.34	0.36	0.56	-0.11	0.92	0.98		601318
	601288	601398	601988	601939	601857	601166	601628	601318

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

601318	+ 0.98	601628
601939	+ 0.96	601398
601939	+ 0.94	601288
601988	+ 0.94	601398
601398	+ 0.93	601288
601988	+ 0.93	601288

High negative correlations

601628	- 0.22	601857
601318	- 0.11	601857

Risk-Adjusted Indicators

There is a big difference between Ziel Stock performing well and Ziel Home 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 Ziel Home'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
601288	1.31	0.06	(0.05)	(0.08)	1.97	(1.23)	3.21	(3.89)	8.24
601398	1.27	0.06	(0.07)	(0.02)	1.58	(1.46)	2.83	(3.06)	8.14
601988	1.22	0.10	(0.04)	(0.18)	1.48	(1.46)	2.67	(2.86)	7.70
601939	1.32	0.07	(0.05)	(0.07)	1.76	(1.44)	3.32	(3.86)	8.64
601857	1.45	(0.09)	0.00	0.29	0.00	0.00	3.43	(3.33)	17.17
601166	1.44	0.18	0.00	(0.23)	1.61	(1.66)	3.84	(2.56)	12.07
601628	2.02	0.59	0.14	(0.58)	2.29	(2.35)	6.42	(3.18)	20.00
601318	1.84	0.53	0.12	(0.37)	1.84	(2.30)	5.83	(2.83)	19.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ziel Home 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?

Run Portfolio Rebalancing Now

Portfolio Rebalancing

Analyze risk-adjusted returns against different time horizons to find asset-allocation targets

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC