Zhongyin Babi Correlations
| 605338 Stock | 15.96 0.63 3.80% |
The current 90-days correlation between Zhongyin Babi Food and COL Digital Publishing is 0.54 (i.e., Very weak diversification). The correlation of Zhongyin Babi 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.
Zhongyin Babi Correlation With Market
Good diversification
The correlation between Zhongyin Babi Food and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhongyin Babi Food and DJI in the same portfolio, assuming nothing else is changed.
Zhongyin |
The ability to find closely correlated positions to Zhongyin Babi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhongyin Babi 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 Zhongyin Babi - 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 Zhongyin Babi Food to buy it.
Moving together with Zhongyin Stock
Moving against Zhongyin Stock
Related Correlations Analysis
| 0.84 | 0.76 | 0.79 | 0.9 | 0.82 | 601600 | ||
| 0.84 | 0.91 | 0.88 | 0.82 | 0.89 | 300364 | ||
| 0.76 | 0.91 | 0.89 | 0.85 | 0.9 | 001299 | ||
| 0.79 | 0.88 | 0.89 | 0.86 | 0.94 | 000995 | ||
| 0.9 | 0.82 | 0.85 | 0.86 | 0.89 | 600223 | ||
| 0.82 | 0.89 | 0.9 | 0.94 | 0.89 | 605168 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Zhongyin Stock performing well and Zhongyin Babi 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 Zhongyin Babi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601600 | 2.14 | 0.30 | 0.07 | 1.39 | 2.69 | 6.09 | 17.74 | |||
| 300364 | 4.03 | 0.84 | 0.14 | (1.78) | 4.27 | 9.53 | 34.75 | |||
| 001299 | 1.79 | 0.27 | 0.06 | (1.17) | 2.07 | 4.14 | 15.29 | |||
| 000995 | 3.70 | 0.70 | 0.13 | (9.19) | 4.01 | 10.00 | 20.01 | |||
| 600223 | 1.82 | 0.15 | 0.02 | (1.41) | 2.36 | 4.58 | 16.41 | |||
| 605168 | 2.81 | 0.48 | 0.10 | (4.52) | 3.14 | 8.18 | 19.99 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Zhongyin Babi 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 Performance Analysis Now
Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
| All Next | Launch Module |
Zhongyin Babi Corporate Executives
Elected by the shareholders, the Zhongyin Babi's board of directors comprises two types of representatives: Zhongyin Babi inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zhongyin. The board's role is to monitor Zhongyin Babi's management team and ensure that shareholders' interests are well served. Zhongyin Babi'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, Zhongyin Babi's outside directors are responsible for providing unbiased perspectives on the board's policies.