Poly Real Correlations
| 600048 Stock | 9.73 0.42 4.14% |
The current 90-days correlation between Poly Real Estate and Eastroc Beverage Group is 0.14 (i.e., Average diversification). The correlation of Poly Real 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.
Poly Real Correlation With Market
Significant diversification
The correlation between Poly Real Estate and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Poly Real Estate and DJI in the same portfolio, assuming nothing else is changed.
Poly |
The ability to find closely correlated positions to Poly Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Poly Real 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 Poly Real - 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 Poly Real Estate to buy it.
Moving together with Poly Stock
| 0.82 | 601318 | Ping An Insurance | PairCorr |
| 0.88 | 601728 | China Telecom Corp | PairCorr |
| 0.91 | 601668 | China State Construction | PairCorr |
| 0.81 | 600519 | Kweichow Moutai | PairCorr |
| 0.75 | 601628 | China Life Insurance | PairCorr |
Related Correlations Analysis
| 0.93 | 0.94 | 0.94 | 0.97 | 0.77 | 603077 | ||
| 0.93 | 0.89 | 0.89 | 0.91 | 0.79 | 600707 | ||
| 0.94 | 0.89 | 0.9 | 0.98 | 0.69 | 603833 | ||
| 0.94 | 0.89 | 0.9 | 0.92 | 0.84 | 605499 | ||
| 0.97 | 0.91 | 0.98 | 0.92 | 0.72 | 002798 | ||
| 0.77 | 0.79 | 0.69 | 0.84 | 0.72 | 002461 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Poly Stock performing well and Poly Real 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 Poly Real'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 603077 | 1.78 | 0.35 | 0.07 | (0.74) | 2.07 | 3.93 | 18.14 | |||
| 600707 | 2.24 | 0.23 | 0.02 | (0.43) | 2.62 | 5.28 | 16.48 | |||
| 603833 | 3.02 | 0.43 | 0.10 | 2.20 | 2.87 | 8.19 | 20.00 | |||
| 605499 | 1.54 | 0.32 | 0.09 | (0.66) | 1.36 | 4.23 | 14.01 | |||
| 002798 | 2.39 | 0.38 | 0.08 | (2.35) | 2.64 | 4.83 | 17.50 | |||
| 002461 | 1.54 | 0.04 | (0.05) | (0.04) | 2.02 | 3.30 | 13.95 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Poly Real 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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Poly Real Corporate Management
Elected by the shareholders, the Poly Real's board of directors comprises two types of representatives: Poly Real inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Poly. The board's role is to monitor Poly Real's management team and ensure that shareholders' interests are well served. Poly Real'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, Poly Real's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Zhang Yanhua | Deputy Manager | Profile | |
| Xiang Tang | Deputy Manager | Profile | |
| Wei Zhang | Deputy Manager | Profile | |
| Yingchuan Liu | Deputy Manager | Profile | |
| Bo Li | Accounting Supervisor | Profile | |
| Zhihua Pan | Deputy Manager | Profile |