Jiangsu Broadcasting Correlations

600959 Stock   3.21  0.05  1.53%   
The current 90-days correlation between Jiangsu Broadcasting and De Rucci Healthy is 0.15 (i.e., Average diversification). The correlation of Jiangsu Broadcasting 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.

Jiangsu Broadcasting Correlation With Market

Average diversification

The correlation between Jiangsu Broadcasting Cable and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jiangsu Broadcasting Cable and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Jiangsu Broadcasting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jiangsu Broadcasting 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 Jiangsu Broadcasting - 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 Jiangsu Broadcasting Cable to buy it.

Moving together with Jiangsu Stock

  0.65600519 Kweichow MoutaiPairCorr
  0.65000568 Luzhou Lao JiaoPairCorr
  0.61000719 Central China LandPairCorr
  0.64300750 Contemporary AmperexPairCorr
  0.74300624 Wondershare TechnologyPairCorr

Moving against Jiangsu Stock

  0.69603986 GigaDevice SemiconductorBeiPairCorr
  0.49300866 Anker InnovationsPairCorr

Related Correlations Analysis

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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   
000402688246
601288600015
301293688246
000402301293
000402603579
603579688246
  
High negative correlations   
601288688246
601288000402
601288301293
600015301293
000402600015
600015688246

Risk-Adjusted Indicators

There is a big difference between Jiangsu Stock performing well and Jiangsu Broadcasting 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 Jiangsu Broadcasting'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 Jiangsu Broadcasting 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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