Liaoning Port Correlations

Stocks . China . 
Stock . Liaoning Port Co
601880 Stock   1.55  0.08  4.91%   
The current 90-days correlation between Liaoning Port and Industrial and Commercial is 0.27 (i.e., Modest diversification). The correlation of Liaoning Port 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.

Liaoning Port Correlation With Market

Good diversification

The correlation between Liaoning Port Co and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liaoning Port Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Liaoning Port could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Liaoning Port 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 Liaoning Port - 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 Liaoning Port Co to buy it.

Moving together with Liaoning Stock

  0.79600519 Kweichow MoutaiPairCorr
  0.89601318 Ping An InsurancePairCorr
  0.79600000 Shanghai Pudong DevePairCorr
  0.86600016 China Minsheng BankingPairCorr
  0.92300750 Contemporary AmperexPairCorr
  0.93688137 Suzhou NovoproteinPairCorr
  0.93600488 Tianjin Tianyao PharPairCorr
  0.91000688 Guocheng MiningPairCorr
  0.96601933 Yonghui SuperstoresPairCorr
  0.87301236 iSoftStone InformationPairCorr
  0.94002268 Westone InformationPairCorr
  0.89300364 COL Digital PublishingPairCorr
  0.87000553 ADAMAPairCorr
  0.82002594 BYD CoPairCorr
  0.97300033 Hithink RoyalFlush InfoPairCorr
  0.93000678 Xiangyang AutomobilePairCorr

Moving against Liaoning Stock

  0.45600028 China Petroleum ChemicalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Liaoning Stock performing well and Liaoning Port 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 Liaoning Port'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
601398  1.27  0.06 (0.06)(0.03) 1.58 
(1.47)
 2.83 
(3.06)
 8.14 
601288  1.31  0.05 (0.05)(0.07) 1.97 
(1.23)
 3.21 
(3.89)
 8.24 
601939  1.34  0.09 (0.04)(0.13) 1.76 
(1.48)
 3.32 
(3.86)
 8.64 
601988  1.23  0.10 (0.03)(0.20) 1.51 
(1.42)
 2.67 
(2.86)
 7.70 
601658  1.46  0.19  0.01 (0.31) 1.79 
(1.65)
 3.49 
(2.84)
 9.13 
601328  1.35 (0.03) 0.00  0.19  0.00 
 0.00 
 3.26 
(3.60)
 10.82 
601318  1.86  0.56  0.14 (0.44) 1.83 
(2.29)
 5.83 
(2.83)
 19.77 
600036  1.56  0.29  0.05 (0.37) 1.72 
(1.78)
 4.65 
(2.56)
 13.83 
601166  1.47  0.20  0.01 (0.32) 1.60 
(1.70)
 3.84 
(2.56)
 12.07 
601998  1.54  0.13 (0.02)(0.18) 2.05 
(1.67)
 3.02 
(3.06)
 13.33 

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Our tools can tell you how much better you can do entering a position in Liaoning Port 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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Liaoning Port Corporate Management

Elected by the shareholders, the Liaoning Port's board of directors comprises two types of representatives: Liaoning Port inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Liaoning. The board's role is to monitor Liaoning Port's management team and ensure that shareholders' interests are well served. Liaoning Port'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, Liaoning Port's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kin LeeJoint SecretaryProfile
Huiying WangCompany SecretaryProfile
Lihui GuanChief GMProfile
Liqing ChenVice ManagerProfile
Zhang TieChief OfficerProfile
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