SAIC Correlations

600104 Stock

18.85 0.23 1.24%

The current 90-days correlation between SAIC Motor Corp and New China Life is -0.01 (i.e., Good diversification). The correlation of SAIC 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.

SAIC Correlation With Market

Good diversification

The correlation between SAIC Motor Corp and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAIC Motor Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SAIC Stock

0.67	601988	Bank of China	Pair Corr
0.86	002303	Shenzhen MYS Environ	Pair Corr
0.61	300815	Eit Environmental	Pair Corr
0.78	002295	Guangdong Jingyi Metal	Pair Corr
0.72	600515	Hainan HNA Infrastructure	Pair Corr
0.63	000036	China Union Holdings	Pair Corr
0.71	300939	Shenzhen AV Display	Pair Corr
0.89	603365	Shanghai Shuixing Home	Pair Corr
0.87	603103	Hengdian Entertainment	Pair Corr
0.66	301390	Hangzhou Gisway Info	Pair Corr
0.65	001323	De Rucci Healthy	Pair Corr
0.65	002152	GRG Banking Equipment	Pair Corr
0.64	600084	Citic Guoan Wine	Pair Corr
0.73	601002	Gem Year Industrial	Pair Corr
0.82	002065	Dhc Software	Pair Corr
0.72	301177	DR Limited	Pair Corr

Moving against SAIC Stock

0.33

600066

Zhengzhou Yutong Bus

Pair Corr

Related Correlations Analysis

	601336	601615	159681	159005	300729	002952	516220	002096	002999	300243
601336		0.74	0.92	0.65	0.7	0.76	0.89	0.81	0.57	0.73	601336
601615	0.74		0.76	0.92	0.82	0.77	0.73	0.49	0.92	0.72	601615
159681	0.92	0.76		0.64	0.84	0.79	0.96	0.79	0.64	0.75	159681
159005	0.65	0.92	0.64		0.64	0.61	0.58	0.4	0.86	0.63	159005
300729	0.7	0.82	0.84	0.64		0.69	0.83	0.54	0.79	0.69	300729
002952	0.76	0.77	0.79	0.61	0.69		0.78	0.67	0.6	0.7	002952
516220	0.89	0.73	0.96	0.58	0.83	0.78		0.72	0.63	0.78	516220
002096	0.81	0.49	0.79	0.4	0.54	0.67	0.72		0.37	0.52	002096
002999	0.57	0.92	0.64	0.86	0.79	0.6	0.63	0.37		0.62	002999
300243	0.73	0.72	0.75	0.63	0.69	0.7	0.78	0.52	0.62		300243
	601336	601615	159681	159005	300729	002952	516220	002096	002999	300243

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Risk-Adjusted Indicators

There is a big difference between SAIC Stock performing well and SAIC 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 SAIC'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
601336	2.52	0.74	0.29	4.88	1.92	(3.09)	8.54	(4.03)	16.01
601615	2.75	0.70	0.25	3.01	2.42	(3.44)	7.78	(3.82)	18.14
159681	2.97	0.68	0.16	1.64	3.05	(4.78)	8.99	(4.00)	36.32
159005	0.01	0.00	0.00	0.95	0.00	0.00	0.01	0.00	0.14
300729	2.28	0.21	0.05	0.54	3.15	(2.44)	6.27	(4.21)	24.80
002952	3.12	0.51	0.11	1.03	3.95	(3.10)	9.02	(6.36)	19.99
516220	1.73	0.28	0.09	146.52	1.75	(2.77)	5.26	(3.03)	17.74
002096	2.22	0.16	0.04	(0.35)	2.47	(2.44)	4.30	(4.45)	13.27
002999	2.61	0.30	0.08	0.41	3.21	(2.87)	6.20	(5.34)	17.06
300243	3.23	0.53	0.11	(2.16)	4.03	(3.55)	10.41	(5.67)	31.77

Be your own money manager

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

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

Yong Wei

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