ButOne Information Correlations

600455 Stock

20.72 0.15 0.72%

The current 90-days correlation between ButOne Information Corp and Guangzhou Jinyi Media is 0.52 (i.e., Very weak diversification). The correlation of ButOne Information 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.

ButOne Information Correlation With Market

Significant diversification

The correlation between ButOne Information Corp and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ButOne Information Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ButOne Stock

0.72	600568	Zhongzhu Medical Holdings	Pair Corr
0.62	600608	Shanghai Broadband	Pair Corr
0.66	300081	Hengxin Mobile Business	Pair Corr
0.61	000909	Soyea Technology	Pair Corr

Moving against ButOne Stock

0.65	600000	Shanghai Pudong Deve	Pair Corr
0.59	601857	PetroChina	Pair Corr
0.4	601988	Bank of China	Pair Corr
0.4	601398	Industrial and Commercial	Pair Corr
0.39	300866	Anker Innovations	Pair Corr

Related Correlations Analysis

	002905	300528	600757	688739	605577	605299	603103
002905		0.83	0.51	0.17	0.69	0.78	0.91	002905
300528	0.83		0.16	0.54	0.85	0.63	0.84	300528
600757	0.51	0.16		-0.2	0.06	0.36	0.41	600757
688739	0.17	0.54	-0.2		0.63	-0.13	0.32	688739
605577	0.69	0.85	0.06	0.63		0.38	0.72	605577
605299	0.78	0.63	0.36	-0.13	0.38		0.69	605299
603103	0.91	0.84	0.41	0.32	0.72	0.69		603103
	002905	300528	600757	688739	605577	605299	603103

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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

603103	+ 0.91	002905
605577	+ 0.85	300528
603103	+ 0.84	300528
300528	+ 0.83	002905
605299	+ 0.78	002905
603103	+ 0.72	605577

High negative correlations

688739	- 0.2	600757
605299	- 0.13	688739

Risk-Adjusted Indicators

There is a big difference between ButOne Stock performing well and ButOne Information 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 ButOne Information'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
002905	2.54	0.28	0.07	1.25	3.70	(2.55)	4.17	(7.39)	19.67
300528	3.32	0.15	0.03	0.15	4.72	(3.12)	6.74	(6.60)	25.26
600757	1.47	(0.02)	0.00	0.22	0.00	0.00	2.79	(2.49)	11.47
688739	1.08	(0.08)	0.00	(0.30)	0.00	0.00	1.99	(2.56)	9.05
605577	2.50	0.07	0.02	0.24	3.48	(2.37)	5.91	(5.09)	20.00
605299	2.15	0.25	0.08	0.68	2.63	(2.27)	5.13	(5.12)	15.86
603103	2.79	0.29	0.07	0.26	3.72	(2.71)	6.15	(5.15)	20.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in ButOne Information 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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