Chinese Universe Correlations

600373 Stock

11.98 0.04 0.34%

The current 90-days correlation between Chinese Universe Pub and Ziel Home Furnishing is 0.04 (i.e., Significant diversification). The correlation of Chinese Universe 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.

Chinese Universe Correlation With Market

Significant diversification

The correlation between Chinese Universe Publishing and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chinese Universe Publishing and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Chinese Stock

0.67

601318

Ping An Insurance

Pair Corr

Moving against Chinese Stock

0.44	601166	Industrial Bank	Pair Corr
0.41	601988	Bank of China	Pair Corr
0.37	601398	Industrial and Commercial	Pair Corr
0.36	600036	China Merchants Bank	Pair Corr

Related Correlations Analysis

	603326	603709	301376	603636	002293	002461	002322
603326		0.88	0.85	0.73	0.53	0.06	0.45	603326
603709	0.88		0.81	0.68	0.61	0.12	0.2	603709
301376	0.85	0.81		0.71	0.55	0.01	0.37	301376
603636	0.73	0.68	0.71		0.41	-0.16	0.54	603636
002293	0.53	0.61	0.55	0.41		0.33	-0.28	002293
002461	0.06	0.12	0.01	-0.16	0.33		-0.37	002461
002322	0.45	0.2	0.37	0.54	-0.28	-0.37		002322
	603326	603709	301376	603636	002293	002461	002322

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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

603709	+ 0.88	603326
301376	+ 0.85	603326
301376	+ 0.81	603709
603636	+ 0.73	603326
603636	+ 0.71	301376
603636	+ 0.68	603709

High negative correlations

002322	- 0.37	002461
002322	- 0.28	002293
002461	- 0.16	603636

Risk-Adjusted Indicators

There is a big difference between Chinese Stock performing well and Chinese Universe 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 Chinese Universe'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
603326	1.97	(0.01)	(0.02)	0.07	3.12	(1.85)	3.32	(4.83)	20.11
603709	2.21	0.16	0.03	0.47	3.53	(2.02)	4.72	(4.93)	14.69
301376	2.00	(0.02)	(0.03)	0.03	2.35	(2.21)	4.24	(3.57)	12.73
603636	2.30	0.21	0.04	1.63	3.25	(2.28)	6.09	(4.61)	16.38
002293	1.69	0.05	(0.01)	0.59	2.04	(1.94)	4.37	(3.03)	12.25
002461	1.11	0.01	(0.07)	0.04	1.34	(1.19)	2.43	(2.12)	8.33
002322	1.40	(0.15)	0.00	10.16	0.00	0.00	2.05	(2.87)	10.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in Chinese Universe 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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Chinese Universe Corporate Management

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

Wei Fu	G Mang	Profile
Rong Ren	Deputy Mang	Profile
Jianbo Mao	Board Secretary	Profile
Qing Hua	Chief Officer	Profile
Renrong Wan	Deputy Manager	Profile
Qiuhui Xiong	Chief Accountant	Profile

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