Soochow Suzhou Correlations

508027 Stock

3.46 0.04 1.17%

The current 90-days correlation between Soochow Suzhou Industrial and Servyou Software Group is 0.01 (i.e., Significant diversification). The correlation of Soochow Suzhou 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.

Soochow Suzhou Correlation With Market

Significant diversification

The correlation between Soochow Suzhou Industrial and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Soochow Suzhou Industrial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Soochow Stock

0.81	300533	Shenzhen Bingchuan	Pair Corr
0.77	002303	Shenzhen MYS Environ	Pair Corr
0.76	600608	Shanghai Broadband	Pair Corr
0.56	300750	Contemporary Amperex	Pair Corr
0.5	000937	Jizhong Energy Resources	Pair Corr
0.48	002582	Haoxiangni Jujube	Pair Corr
0.36	000517	Rongan Property	Pair Corr

Related Correlations Analysis

	603171	002217	688109	688227	600756	002185	688115	300777
603171		0.58	0.56	0.73	0.47	0.48	0.42	0.08	603171
002217	0.58		0.06	0.76	0.13	0.5	0.25	0.16	002217
688109	0.56	0.06		0.19	0.63	0.31	0.56	0.16	688109
688227	0.73	0.76	0.19		0.16	0.37	0.45	-0.12	688227
600756	0.47	0.13	0.63	0.16		0.79	0.59	0.66	600756
002185	0.48	0.5	0.31	0.37	0.79		0.46	0.7	002185
688115	0.42	0.25	0.56	0.45	0.59	0.46		0.32	688115
300777	0.08	0.16	0.16	-0.12	0.66	0.7	0.32		300777
	603171	002217	688109	688227	600756	002185	688115	300777

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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

002185	+ 0.79	600756
688227	+ 0.76	002217
688227	+ 0.73	603171
300777	+ 0.7	002185
300777	+ 0.66	600756
600756	+ 0.63	688109

High negative correlations

300777

- 0.12

688227

Risk-Adjusted Indicators

There is a big difference between Soochow Stock performing well and Soochow Suzhou 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 Soochow Suzhou'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
603171	2.85	0.00	0.00	(0.02)	3.50	(2.98)	6.47	(5.62)	17.79
002217	3.12	0.74	0.20	(2.40)	3.16	(3.52)	5.17	(5.04)	10.46
688109	2.35	(0.38)	0.00	(0.90)	0.00	0.00	3.50	(5.29)	15.96
688227	3.75	0.87	0.25	0.67	3.00	(4.72)	10.87	(5.05)	25.71
600756	2.59	(0.01)	0.00	(0.05)	0.00	0.00	5.14	(5.17)	18.29
002185	2.34	0.23	0.07	0.22	3.03	(2.76)	7.18	(5.21)	19.94
688115	3.04	0.03	0.01	0.04	3.65	(3.33)	7.42	(5.02)	20.34
300777	2.31	0.02	0.01	0.10	2.85	(2.27)	6.05	(4.44)	17.20

Be your own money manager

Our tools can tell you how much better you can do entering a position in Soochow Suzhou 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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