China Enterprise Correlations

600675 Stock

2.88 0.01 0.35%

The current 90-days correlation between China Enterprise and Shantui Construction Machinery is -0.04 (i.e., Good diversification). The correlation of China Enterprise 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.

China Enterprise Correlation With Market

Good diversification

The correlation between China Enterprise Co and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Enterprise Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with China Stock

0.68	001979	China Merchants Shekou	Pair Corr
0.76	601995	China International	Pair Corr
0.66	600519	Kweichow Moutai	Pair Corr
0.68	600153	Xiamen CD	Pair Corr
0.78	300750	Contemporary Amperex	Pair Corr
0.69	600340	China Fortune Land	Pair Corr
0.74	600498	Fiberhome Telecommunicatio	Pair Corr
0.72	603969	Tianjin Silvery Dragon	Pair Corr
0.71	600455	ButOne Information Corp	Pair Corr
0.67	300433	Lens Technology	Pair Corr
0.73	300608	SI TECH Information	Pair Corr
0.83	000560	5I5j Holding Group	Pair Corr
0.69	002466	Sichuan Tianqi Lithium	Pair Corr
0.82	600633	Zhejiang Daily Media	Pair Corr
0.77	688507	Shanghai Suochen Inf	Pair Corr
0.71	002074	Gotion High tech	Pair Corr
0.77	000661	Changchun High New	Pair Corr
0.68	300825	Iat Automobile Technology	Pair Corr
0.69	688325	Guangdong Cellwise	Pair Corr
0.63	002303	Shenzhen MYS Environ	Pair Corr
0.77	600335	Sinomach Automobile	Pair Corr
0.8	603818	Qumei Furniture Group	Pair Corr
0.73	002946	New Hope Dairy	Pair Corr
0.69	300880	Ningbo Jianan Electronics	Pair Corr
0.78	301379	Techshine Electronics	Pair Corr
0.83	002382	Blue Sail Medical	Pair Corr
0.77	300815	Eit Environmental	Pair Corr
0.71	600719	Dalian Thermal Power	Pair Corr
0.62	000909	Soyea Technology	Pair Corr

Related Correlations Analysis

	000680	688626	300439	000821	605060	002535
000680		0.77	0.61	0.74	0.86	0.74	000680
688626	0.77		0.85	0.78	0.91	0.82	688626
300439	0.61	0.85		0.74	0.81	0.78	300439
000821	0.74	0.78	0.74		0.85	0.64	000821
605060	0.86	0.91	0.81	0.85		0.77	605060
002535	0.74	0.82	0.78	0.64	0.77		002535
	000680	688626	300439	000821	605060	002535

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Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China Enterprise 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 China Enterprise'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
000680	2.46	0.48	0.16	(12.10)	2.52	(2.79)	6.41	(4.76)	14.49
688626	3.26	0.59	0.13	1.57	3.74	(3.56)	10.15	(6.25)	28.78
300439	2.12	0.35	0.11	0.89	2.62	(2.42)	4.72	(3.55)	23.23
000821	3.05	0.53	0.13	(2.20)	3.24	(3.46)	9.98	(4.98)	20.00
605060	2.07	0.39	0.11	0.71	2.68	(2.04)	4.79	(3.91)	19.51
002535	2.26	0.37	0.11	7.14	2.63	(2.50)	4.61	(4.90)	18.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in China Enterprise 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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China Enterprise Corporate Executives

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

Xin Gu

Financial CFO

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