Jiangsu Seagull Correlations

Stocks . China . 
Stock . Jiangsu Seagull Cooling
603269 Stock   9.40  0.04  0.42%   
The current 90-days correlation between Jiangsu Seagull Cooling and Guangdong Liantai Environmental is 0.65 (i.e., Poor diversification). The correlation of Jiangsu Seagull 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 Seagull Correlation With Market

Good diversification

The correlation between Jiangsu Seagull Cooling and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jiangsu Seagull Cooling and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Jiangsu Seagull 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 Seagull 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 Seagull - 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 Seagull Cooling to buy it.

Moving together with Jiangsu Stock

  0.86601318 Ping An InsurancePairCorr
  0.81601728 China Telecom CorpPairCorr
  0.84601668 China State ConstructionPairCorr
  0.77600519 Kweichow MoutaiPairCorr
  0.84601628 China Life InsurancePairCorr
  0.98300364 COL Digital PublishingPairCorr
  0.86000688 Guocheng MiningPairCorr
  0.81000678 Xiangyang AutomobilePairCorr
  0.89000516 Xian InternationalPairCorr
  0.86002295 Guangdong Jingyi MetalPairCorr
  0.89688137 Suzhou NovoproteinPairCorr
  0.85300071 Spearhead IntegratedPairCorr
  0.87600030 CITIC SecuritiesPairCorr
  0.69603389 A Zenith HomePairCorr
  0.93002268 Westone InformationPairCorr
  0.9300818 Jiangxi Naipu MiningPairCorr
  0.87600488 Tianjin Tianyao PharPairCorr
  0.92000553 ADAMAPairCorr
  0.89301236 iSoftStone InformationPairCorr
  0.82601900 Southern PublishingMediaPairCorr
  0.92603096 Thinkingdom MediaPairCorr
  0.83300848 Miracll ChemicalsPairCorr
  0.85300033 Hithink RoyalFlush InfoPairCorr
  0.9601933 Yonghui SuperstoresPairCorr
  0.82002594 BYD CoPairCorr
  0.76002761 Zhejiang ConstructionPairCorr

Moving against Jiangsu Stock

  0.38600028 China Petroleum ChemicalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Did you try this?

Run Portfolio File Import Now

   

Portfolio File Import

Quickly import all of your third-party portfolios from your local drive in csv format
All  Next Launch Module

Jiangsu Seagull Corporate Management

Elected by the shareholders, the Jiangsu Seagull's board of directors comprises two types of representatives: Jiangsu Seagull inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jiangsu. The board's role is to monitor Jiangsu Seagull's management team and ensure that shareholders' interests are well served. Jiangsu Seagull'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, Jiangsu Seagull's outside directors are responsible for providing unbiased perspectives on the board's policies.
Weirong PanGM VPProfile
Zhijun XuVP UnitProfile
Hua YangGM VPProfile
Jian ChenDeputy UnitProfile
Bingguo BaoDeputy UnitProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY