Sino Platinum Correlations

Stocks . China . 
Stock . Sino Platinum Metals Co
600459 Stock   13.93  0.50  3.47%   
The current 90-days correlation between Sino Platinum Metals and Fujian Newland Computer is 0.65 (i.e., Poor diversification). The correlation of Sino Platinum 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.

Sino Platinum Correlation With Market

Good diversification

The correlation between Sino Platinum Metals Co and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sino Platinum Metals Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sino Platinum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sino Platinum 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 Sino Platinum - 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 Sino Platinum Metals Co to buy it.

Moving together with Sino Stock

  0.7601899 Zijin Mining GroupPairCorr
  0.74600309 Wanhua Chemical GroupPairCorr
  0.94600019 Baoshan Iron SteelPairCorr
  0.94002493 Rongsheng PetrochemicalPairCorr
  0.9600010 Inner Mongolia BaoTouPairCorr
  0.88002460 Jiangxi Ganfeng LithiumPairCorr
  0.86603260 Hoshine Silicon IndPairCorr
  0.97600160 Zhejiang JuhuaPairCorr
  0.93000807 Yunnan AluminiumPairCorr
  0.93601336 New China LifePairCorr
  0.92300364 COL Digital PublishingPairCorr
  0.97688137 Suzhou NovoproteinPairCorr
  0.86000678 Xiangyang AutomobilePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Sino Stock performing well and Sino Platinum 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 Sino Platinum'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sino Platinum 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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Sino Platinum Corporate Management

Elected by the shareholders, the Sino Platinum's board of directors comprises two types of representatives: Sino Platinum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sino. The board's role is to monitor Sino Platinum's management team and ensure that shareholders' interests are well served. Sino Platinum'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, Sino Platinum's outside directors are responsible for providing unbiased perspectives on the board's policies.
Chuan ZuoDeputy ManagerProfile
Feng FengSecretary BoardProfile
Guoqi ChenDeputy ManagerProfile
Liming ZhouDeputy ManagerProfile
Guo JunmeiVice GMProfile
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