Luenmei Quantum Correlations

600167 Stock

6.10 0.02 0.33%

The current 90-days correlation between Luenmei Quantum and Holitech Technology Co is 0.08 (i.e., Significant diversification). The correlation of Luenmei Quantum 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.

Luenmei Quantum Correlation With Market

Good diversification

The correlation between Luenmei Quantum Co and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Luenmei Quantum Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Luenmei Stock

0.8	300841	Chengdu Kanghua Biol	Pair Corr
0.86	688137	Suzhou Novoprotein	Pair Corr
0.73	601600	Aluminum Corp	Pair Corr
0.88	300364	COL Digital Publishing	Pair Corr
0.93	001299	Shaanxi Meineng Clean	Pair Corr
0.82	000995	Gansu Huangtai Wine	Pair Corr
0.79	600223	Lushang Property	Pair Corr
0.77	605168	Threes Company	Pair Corr
0.68	002594	BYD Co	Pair Corr
0.84	002295	Guangdong Jingyi Metal	Pair Corr
0.81	300818	Jiangxi Naipu Mining	Pair Corr
0.79	600488	Tianjin Tianyao Phar	Pair Corr
0.84	600030	CITIC Securities	Pair Corr
0.84	002268	Westone Information	Pair Corr
0.86	000688	Guocheng Mining	Pair Corr
0.8	002761	Zhejiang Construction	Pair Corr
0.83	000553	ADAMA	Pair Corr
0.78	301236	iSoftStone Information	Pair Corr
0.73	000678	Xiangyang Automobile	Pair Corr
0.84	601933	Yonghui Superstores	Pair Corr
0.82	300071	Spearhead Integrated	Pair Corr
0.86	300848	Miracll Chemicals	Pair Corr
0.85	000516	Xian International	Pair Corr
0.84	300033	Hithink RoyalFlush Info	Pair Corr

Related Correlations Analysis

	002217	000909	000603	600490	301113	000692	002855	600202
002217		0.85	0.56	0.64	0.72	0.85	0.85	0.77	002217
000909	0.85		0.8	0.79	0.87	0.94	0.91	0.91	000909
000603	0.56	0.8		0.91	0.9	0.8	0.82	0.9	000603
600490	0.64	0.79	0.91		0.87	0.83	0.82	0.94	600490
301113	0.72	0.87	0.9	0.87		0.86	0.93	0.95	301113
000692	0.85	0.94	0.8	0.83	0.86		0.9	0.92	000692
002855	0.85	0.91	0.82	0.82	0.93	0.9		0.92	002855
600202	0.77	0.91	0.9	0.94	0.95	0.92	0.92		600202
	002217	000909	000603	600490	301113	000692	002855	600202

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Luenmei Stock performing well and Luenmei Quantum 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 Luenmei Quantum'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
002217	2.71	1.24	0.40	6.14	2.06	(3.56)	5.19	(4.79)	10.65
000909	2.26	0.57	0.13	(3.27)	2.77	(2.41)	5.01	(5.00)	10.15
000603	2.13	0.32	0.07	(9.54)	2.30	(2.50)	5.26	(3.83)	17.21
600490	2.60	0.64	0.21	0.99	2.38	(3.16)	9.81	(3.64)	20.01
301113	2.49	0.47	0.08	(0.93)	3.03	(2.74)	5.18	(3.84)	27.85
000692	2.37	0.40	0.05	(0.25)	2.59	(2.79)	7.18	(4.16)	17.12
002855	3.66	0.71	0.12	(0.73)	3.74	(4.26)	9.98	(5.68)	20.02
600202	1.88	0.44	0.11	(1.70)	2.11	(2.19)	3.35	(2.83)	16.99

Be your own money manager

Our tools can tell you how much better you can do entering a position in Luenmei Quantum 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 Cryptocurrency Center Now

Cryptocurrency Center

Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency

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