Metro Investment Correlations

600683 Stock

4.55 0.07 1.52%

The current 90-days correlation between Metro Investment Dev and Beijing Roborock Technology is 0.27 (i.e., Modest diversification). The correlation of Metro Investment 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.

Metro Investment Correlation With Market

Significant diversification

The correlation between Metro Investment Development and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metro Investment Development and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Metro Stock

0.9	601628	China Life Insurance	Pair Corr
0.9	601059	Cinda Securities	Pair Corr
0.63	688072	Piotech Inc A	Pair Corr
0.82	601198	Dongxing Sec	Pair Corr
0.69	688293	Shanghai OPM Biosciences	Pair Corr
0.76	688126	National Silicon Industry	Pair Corr
0.67	603993	China Molybdenum	Pair Corr
0.74	000504	Nanhua Bio Medicine	Pair Corr
0.72	688521	VeriSilicon Microelectronics	Pair Corr
0.78	300396	Dirui Industrial	Pair Corr
0.84	900957	Shanghai Lingyun Ind	Pair Corr

Related Correlations Analysis

	688235	600519	688169	603444	600941	688399	000661	002371	300750
688235		0.81	0.46	0.78	0.47	0.33	0.86	0.79	0.85	688235
600519	0.81		0.33	0.72	0.58	0.48	0.88	0.77	0.84	600519
688169	0.46	0.33		0.71	0.28	0.44	0.21	0.02	0.23	688169
603444	0.78	0.72	0.71		0.53	0.52	0.66	0.5	0.66	603444
600941	0.47	0.58	0.28	0.53		0.19	0.39	0.26	0.38	600941
688399	0.33	0.48	0.44	0.52	0.19		0.39	0.25	0.35	688399
000661	0.86	0.88	0.21	0.66	0.39	0.39		0.94	0.98	000661
002371	0.79	0.77	0.02	0.5	0.26	0.25	0.94		0.94	002371
300750	0.85	0.84	0.23	0.66	0.38	0.35	0.98	0.94		300750
	688235	600519	688169	603444	600941	688399	000661	002371	300750

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Risk-Adjusted Indicators

There is a big difference between Metro Stock performing well and Metro Investment 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 Metro Investment'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
688235	2.56	0.27	0.06	0.69	2.93	(2.72)	6.23	(4.77)	18.86
600519	1.69	0.08	0.00	0.29	1.87	(1.99)	6.55	(2.98)	16.71
688169	3.33	0.15	0.02	0.56	4.18	(3.74)	6.51	(5.72)	34.80
603444	2.68	0.21	0.04	0.57	3.13	(3.04)	5.21	(4.79)	18.75
600941	1.01	0.01	(0.08)	0.16	1.15	(1.15)	2.05	(2.04)	8.38
688399	1.86	(0.02)	0.00	0.15	0.00	0.00	4.07	(4.33)	20.86
000661	2.30	0.47	0.15	(8.64)	2.03	(2.89)	7.55	(3.42)	17.13
002371	2.36	0.43	0.14	1.18	2.13	(2.66)	9.80	(3.99)	15.93
300750	2.74	0.69	0.16	(256.67)	3.13	(3.31)	7.94	(3.41)	33.42

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Our tools can tell you how much better you can do entering a position in Metro Investment 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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