Guangxi Wuzhou Correlations
| 600368 Stock | 3.89 0.03 0.78% |
The current 90-days correlation between Guangxi Wuzhou Commu and Shanghai Yanpu Metal is 0.29 (i.e., Modest diversification). The correlation of Guangxi Wuzhou 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.
Guangxi Wuzhou Correlation With Market
Significant diversification
The correlation between Guangxi Wuzhou Communications 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 Guangxi Wuzhou Communications and DJI in the same portfolio, assuming nothing else is changed.
Guangxi |
The ability to find closely correlated positions to Guangxi Wuzhou could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guangxi Wuzhou 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 Guangxi Wuzhou - 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 Guangxi Wuzhou Communications to buy it.
Moving together with Guangxi Stock
| 0.85 | 600519 | Kweichow Moutai | PairCorr |
| 0.84 | 601318 | Ping An Insurance | PairCorr |
| 0.79 | 600000 | Shanghai Pudong Deve | PairCorr |
| 0.9 | 600016 | China Minsheng Banking | PairCorr |
| 0.9 | 300750 | Contemporary Amperex | PairCorr |
| 0.81 | 900957 | Shanghai Lingyun Ind | PairCorr |
| 0.75 | 000553 | ADAMA | PairCorr |
| 0.91 | 600742 | Changchun Faway Auto | PairCorr |
| 0.86 | 002236 | Zhejiang Dahua Technology | PairCorr |
Related Correlations Analysis
| 0.93 | 0.96 | 0.94 | 0.87 | 0.87 | 0.9 | 605128 | ||
| 0.93 | 0.97 | 0.97 | 0.93 | 0.93 | 0.97 | 603797 | ||
| 0.96 | 0.97 | 0.95 | 0.93 | 0.9 | 0.94 | 301355 | ||
| 0.94 | 0.97 | 0.95 | 0.92 | 0.88 | 0.92 | 603357 | ||
| 0.87 | 0.93 | 0.93 | 0.92 | 0.87 | 0.89 | 002333 | ||
| 0.87 | 0.93 | 0.9 | 0.88 | 0.87 | 0.95 | 002743 | ||
| 0.9 | 0.97 | 0.94 | 0.92 | 0.89 | 0.95 | 002295 | ||
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Risk-Adjusted Indicators
There is a big difference between Guangxi Stock performing well and Guangxi Wuzhou 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 Guangxi Wuzhou'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 605128 | 2.61 | 0.81 | 0.32 | (7.83) | 1.71 | 7.45 | 13.40 | |||
| 603797 | 1.86 | 0.50 | 0.14 | 10.10 | 2.00 | 3.86 | 18.40 | |||
| 301355 | 1.63 | 0.34 | 0.10 | 1.15 | 2.16 | 4.19 | 22.65 | |||
| 603357 | 1.85 | 0.36 | 0.08 | (27.37) | 2.26 | 4.07 | 16.77 | |||
| 002333 | 1.92 | 0.24 | 0.03 | 26.62 | 2.91 | 4.67 | 16.94 | |||
| 002743 | 2.67 | 1.06 | 0.25 | (1.11) | 2.64 | 9.96 | 20.00 | |||
| 002295 | 1.95 | 0.75 | 0.20 | (0.84) | 2.02 | 4.33 | 18.02 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Guangxi Wuzhou 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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Guangxi Wuzhou Corporate Management
Elected by the shareholders, the Guangxi Wuzhou's board of directors comprises two types of representatives: Guangxi Wuzhou inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Guangxi. The board's role is to monitor Guangxi Wuzhou's management team and ensure that shareholders' interests are well served. Guangxi Wuzhou'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, Guangxi Wuzhou's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Li Yu | Chief GM | Profile | |
| Guoping Xu | Vice GM | Profile | |
| Yingqiang Huang | Secretary GM | Profile | |
| Gang Han | Vice Board | Profile | |
| Yi Zhang | Vice GM | Profile |