Bank of Changsha Correlations

601577 Stock

8.78 0.03 0.34%

The current 90-days correlation between Bank of Changsha and Quectel Wireless Solutions is 0.25 (i.e., Modest diversification). The correlation of Bank of Changsha 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.

Bank of Changsha Correlation With Market

Good diversification

The correlation between Bank of Changsha and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of Changsha and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bank Stock

0.78	601288	Agricultural Bank	Pair Corr
0.88	601398	Industrial and Commercial	Pair Corr
0.78	601988	Bank of China	Pair Corr
0.91	601658	Postal Savings Bank	Pair Corr
0.92	601728	China Telecom Corp	Pair Corr
0.68	601816	Beijing Shanghai High	Pair Corr

Related Correlations Analysis

	600221	000680	603236	002556	300804	600444	002407	002928
600221		0.9	0.61	0.85	0.79	0.83	0.83	0.81	600221
000680	0.9		0.56	0.93	0.84	0.87	0.88	0.83	000680
603236	0.61	0.56		0.64	0.83	0.82	0.77	0.85	603236
002556	0.85	0.93	0.64		0.88	0.88	0.94	0.85	002556
300804	0.79	0.84	0.83	0.88		0.96	0.95	0.95	300804
600444	0.83	0.87	0.82	0.88	0.96		0.94	0.96	600444
002407	0.83	0.88	0.77	0.94	0.95	0.94		0.93	002407
002928	0.81	0.83	0.85	0.85	0.95	0.96	0.93		002928
	600221	000680	603236	002556	300804	600444	002407	002928

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Risk-Adjusted Indicators

There is a big difference between Bank Stock performing well and Bank of Changsha 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 Bank of Changsha'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
600221	3.25	1.09	0.21	(3.55)	2.95	(4.25)	9.90	(5.10)	20.27
000680	2.51	0.63	0.17	(4.27)	2.43	(2.88)	6.54	(4.76)	14.49
603236	2.84	0.80	0.19	(1.75)	2.82	(3.23)	9.98	(5.24)	19.28
002556	2.18	0.58	0.13	(1.95)	2.87	(2.49)	5.30	(3.48)	20.06
300804	1.91	0.38	0.07	(1.14)	2.80	(2.05)	3.53	(3.15)	24.12
600444	2.65	0.62	0.17	1.11	2.83	(2.82)	8.97	(6.31)	17.32
002407	2.60	0.59	0.14	(2.03)	2.54	(2.96)	8.38	(4.91)	19.41
002928	2.30	0.61	0.26	1.31	1.61	(2.69)	8.02	(3.06)	13.66

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bank of Changsha 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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Bank of Changsha Corporate Management

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

Gang Meng	VP	Profile
Xun Li	Assistant Governor	Profile
Hong Xiang	Chief Auditor	Profile
Jingen Peng	Board Secretary	Profile

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