Great-Sun Foods Correlations

603336 Stock

4.41 0.01 0.23%

The current 90-days correlation between Great Sun Foods and Heren Health Co is 0.09 (i.e., Significant diversification). The correlation of Great-Sun Foods 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.

Great-Sun Foods Correlation With Market

Modest diversification

The correlation between Great Sun Foods Co and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great Sun Foods Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Great-Sun Stock

0.69	600519	Kweichow Moutai	Pair Corr
0.7	601318	Ping An Insurance	Pair Corr

Moving against Great-Sun Stock

0.66	601988	Bank of China	Pair Corr
0.65	601398	Industrial and Commercial	Pair Corr
0.58	600941	China Mobile Limited	Pair Corr
0.56	601857	PetroChina	Pair Corr
0.48	601818	China Everbright Bank	Pair Corr
0.47	600000	Shanghai Pudong Deve	Pair Corr
0.37	600016	China Minsheng Banking	Pair Corr
0.35	601328	Bank of Communications	Pair Corr

Related Correlations Analysis

	300550	603579	601717	002597	002899	600490	600186	601969
300550		0.42	0.35	0.25	-0.17	0.47	0.08	0.6	300550
603579	0.42		0.02	-0.02	0.35	0.44	0.64	0.82	603579
601717	0.35	0.02		0.07	-0.21	0.3	-0.2	0.2	601717
002597	0.25	-0.02	0.07		-0.2	-0.21	-0.24	-0.01	002597
002899	-0.17	0.35	-0.21	-0.2		0.05	0.47	0.06	002899
600490	0.47	0.44	0.3	-0.21	0.05		0.06	0.5	600490
600186	0.08	0.64	-0.2	-0.24	0.47	0.06		0.36	600186
601969	0.6	0.82	0.2	-0.01	0.06	0.5	0.36		601969
	300550	603579	601717	002597	002899	600490	600186	601969

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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

601969	+ 0.82	603579
600186	+ 0.64	603579
601969	+ 0.6	300550
601969	+ 0.5	600490
600490	+ 0.47	300550
600186	+ 0.47	002899

High negative correlations

600186	- 0.24	002597
600490	- 0.21	002597
002899	- 0.21	601717
002899	- 0.2	002597
600186	- 0.2	601717
002899	- 0.17	300550

Risk-Adjusted Indicators

There is a big difference between Great-Sun Stock performing well and Great-Sun Foods 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 Great-Sun Foods' 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
300550	2.69	0.11	(0.01)	(0.06)	3.31	(2.91)	5.41	(4.95)	16.55
603579	1.64	0.01	(0.03)	0.16	2.26	(1.58)	3.17	(3.90)	11.97
601717	1.11	0.03	(0.07)	(0.01)	1.28	(1.16)	2.29	(1.96)	6.26
002597	1.35	0.01	(0.04)	0.16	1.72	(1.42)	3.57	(2.53)	11.01
002899	3.56	0.69	0.15	4.72	3.66	(4.10)	9.99	(6.87)	20.03
600490	2.75	(0.07)	(0.01)	0.04	2.88	(3.57)	9.87	(4.85)	18.25
600186	3.15	0.22	0.03	(3.44)	3.93	(3.47)	10.00	(5.59)	20.13
601969	1.74	0.00	0.00	0.07	0.00	0.00	4.26	(3.53)	14.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in Great-Sun Foods 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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