JCET Group Correlations

600584 Stock

39.24 0.21 0.54%

The current 90-days correlation between JCET Group and Fuzhou Rockchip Electronics is 0.63 (i.e., Poor diversification). The correlation of JCET Group 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.

JCET Group Correlation With Market

Significant diversification

The correlation between JCET Group Co 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 JCET Group Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with JCET Stock

0.81	601318	Ping An Insurance	Pair Corr
0.78	600036	China Merchants Bank	Pair Corr
0.7	603969	Tianjin Silvery Dragon	Pair Corr
0.71	000420	Jilin Chemical Fibre	Pair Corr
0.83	688047	Loongson Technology Corp	Pair Corr
0.7	603313	Healthcare	Pair Corr
0.7	603068	Beken Corp	Pair Corr
0.91	600498	Fiberhome Telecommunicatio	Pair Corr
0.62	002217	Holitech Technology	Pair Corr
0.86	300433	Lens Technology	Pair Corr
0.92	688325	Guangdong Cellwise	Pair Corr
0.8	002382	Blue Sail Medical	Pair Corr
0.9	301379	Techshine Electronics	Pair Corr
0.73	300825	Iat Automobile Technology	Pair Corr
0.65	002946	New Hope Dairy	Pair Corr
0.68	600719	Dalian Thermal Power	Pair Corr
0.68	600455	ButOne Information Corp	Pair Corr
0.66	600755	Xiamen ITG Group	Pair Corr
0.84	300359	Qtone Education Group	Pair Corr
0.83	688082	ACM Research Shanghai	Pair Corr
0.67	301390	Hangzhou Gisway Info	Pair Corr
0.89	002466	Sichuan Tianqi Lithium	Pair Corr
0.64	603818	Qumei Furniture Group	Pair Corr
0.82	000560	5I5j Holding Group	Pair Corr
0.79	300219	Guangzhou Hongli Opto	Pair Corr
0.83	000617	CNPC Capital	Pair Corr
0.72	600515	Hainan HNA Infrastructure	Pair Corr

Related Correlations Analysis

	002065	605277	603893	002625	300777	002036	688020
002065		0.77	0.71	0.83	0.58	0.88	0.74	002065
605277	0.77		0.87	0.81	0.69	0.83	0.8	605277
603893	0.71	0.87		0.9	0.79	0.8	0.85	603893
002625	0.83	0.81	0.9		0.82	0.88	0.88	002625
300777	0.58	0.69	0.79	0.82		0.79	0.92	300777
002036	0.88	0.83	0.8	0.88	0.79		0.89	002036
688020	0.74	0.8	0.85	0.88	0.92	0.89		688020
	002065	605277	603893	002625	300777	002036	688020

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Risk-Adjusted Indicators

There is a big difference between JCET Stock performing well and JCET Group 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 JCET Group'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
002065	2.81	0.86	0.21	4.88	3.17	(3.28)	9.97	(4.74)	19.97
605277	2.12	0.57	0.18	2.08	2.40	(2.29)	5.48	(3.48)	17.83
603893	3.41	1.27	0.42	4.69	2.08	(3.94)	10.00	(4.52)	15.05
002625	3.71	1.40	0.32	4.46	3.39	(4.22)	10.00	(6.05)	20.00
300777	3.00	0.69	0.15	(2.16)	3.56	(3.31)	11.04	(4.44)	31.89
002036	3.36	0.67	0.16	1.63	3.72	(3.66)	9.97	(5.52)	20.09
688020	3.19	0.57	0.13	1.35	3.77	(3.33)	7.86	(6.34)	27.81

Be your own money manager

Our tools can tell you how much better you can do entering a position in JCET Group 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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JCET Group Corporate Management

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

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