Yonghui Superstores Correlations

601933 Stock

4.23 0.28 6.21%

The current 90-days correlation between Yonghui Superstores and Shanghai Pudong Development is 0.41 (i.e., Very weak diversification). The correlation of Yonghui Superstores 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.

Yonghui Superstores Correlation With Market

Very good diversification

The correlation between Yonghui Superstores Co and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yonghui Superstores Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Yonghui Stock

0.79	002594	BYD Co	Pair Corr
0.72	601668	China State Construction	Pair Corr
0.76	601390	China Railway Group	Pair Corr
0.88	688137	Suzhou Novoprotein	Pair Corr
0.89	300364	COL Digital Publishing	Pair Corr
0.92	000678	Xiangyang Automobile	Pair Corr

Moving against Yonghui Stock

0.54	600028	China Petroleum Chemical	Pair Corr
0.31	601857	PetroChina	Pair Corr

Related Correlations Analysis

	601398	601288	601939	601988	601658	601328	600036	601166	601998	600000
601398		0.93	0.96	0.93	0.75	0.92	0.57	0.59	0.85	0.56	601398
601288	0.93		0.94	0.93	0.81	0.84	0.6	0.66	0.82	0.64	601288
601939	0.96	0.94		0.9	0.89	0.82	0.76	0.76	0.92	0.74	601939
601988	0.93	0.93	0.9		0.76	0.81	0.58	0.64	0.82	0.59	601988
601658	0.75	0.81	0.89	0.76		0.53	0.94	0.95	0.92	0.93	601658
601328	0.92	0.84	0.82	0.81	0.53		0.32	0.34	0.7	0.31	601328
600036	0.57	0.6	0.76	0.58	0.94	0.32		0.96	0.87	0.97	600036
601166	0.59	0.66	0.76	0.64	0.95	0.34	0.96		0.87	0.98	601166
601998	0.85	0.82	0.92	0.82	0.92	0.7	0.87	0.87		0.87	601998
600000	0.56	0.64	0.74	0.59	0.93	0.31	0.97	0.98	0.87		600000
	601398	601288	601939	601988	601658	601328	600036	601166	601998	600000

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Risk-Adjusted Indicators

There is a big difference between Yonghui Stock performing well and Yonghui Superstores 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 Yonghui Superstores' 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
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
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
600000	1.46	0.21	0.02	(0.43)	1.52	(1.89)	3.69	(2.94)	10.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Yonghui Superstores 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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Yonghui Superstores Corporate Executives

Elected by the shareholders, the Yonghui Superstores' board of directors comprises two types of representatives: Yonghui Superstores inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yonghui. The board's role is to monitor Yonghui Superstores' management team and ensure that shareholders' interests are well served. Yonghui Superstores' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Yonghui Superstores' outside directors are responsible for providing unbiased perspectives on the board's policies.

Kaizhi Wu

Financial CFO

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