Eastroc Beverage Correlations

605499 Stock

211.50 0.76 0.36%

The current 90-days correlation between Eastroc Beverage and China State Construction is 0.54 (i.e., Very weak diversification). The correlation of Eastroc Beverage 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.

Eastroc Beverage Correlation With Market

Good diversification

The correlation between Eastroc Beverage Group and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eastroc Beverage Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Eastroc Stock

0.89	300841	Chengdu Kanghua Biol	Pair Corr
0.64	603392	Beijing Wantai Biological	Pair Corr
0.93	688137	Suzhou Novoprotein	Pair Corr
0.92	601600	Aluminum Corp	Pair Corr
0.93	300364	COL Digital Publishing	Pair Corr
0.9	001299	Shaanxi Meineng Clean	Pair Corr
0.84	000995	Gansu Huangtai Wine	Pair Corr
0.86	600223	Lushang Property	Pair Corr
0.87	605168	Threes Company	Pair Corr

Related Correlations Analysis

	601857	600941	601318	600028	601668	600519	601628
601857		0.63	-0.11	0.88	0.22	0.19	-0.22	601857
600941	0.63		0.38	0.61	0.55	0.56	0.29	600941
601318	-0.11	0.38		-0.27	0.89	0.87	0.98	601318
600028	0.88	0.61	-0.27		-0.02	0.0	-0.34	600028
601668	0.22	0.55	0.89	-0.02		0.87	0.82	601668
600519	0.19	0.56	0.87	0.0	0.87		0.83	600519
601628	-0.22	0.29	0.98	-0.34	0.82	0.83		601628
	601857	600941	601318	600028	601668	600519	601628

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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

601628	+ 0.98	601318
601668	+ 0.89	601318
600028	+ 0.88	601857
600519	+ 0.87	601318
600519	+ 0.87	601668
601628	+ 0.83	600519

High negative correlations

601628	- 0.34	600028
600028	- 0.27	601318
601628	- 0.22	601857
601318	- 0.11	601857
601668	- 0.02	600028
600519	- 0.0	600028

Risk-Adjusted Indicators

There is a big difference between Eastroc Stock performing well and Eastroc Beverage 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 Eastroc Beverage'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
601857	1.45	(0.09)	0.00	0.29	0.00	0.00	3.43	(3.33)	17.17
600941	1.00	0.03	(0.09)	(0.04)	1.20	(1.12)	2.05	(2.04)	8.38
601318	1.84	0.53	0.12	(0.37)	1.84	(2.30)	5.83	(2.83)	19.77
600028	1.45	(0.01)	0.00	0.14	0.00	0.00	4.21	(3.26)	10.77
601668	2.13	0.20	(0.01)	(0.14)	2.50	(2.54)	5.25	(3.97)	15.78
600519	1.68	0.17	(0.01)	(0.21)	1.85	(2.09)	6.55	(2.98)	16.71
601628	2.02	0.59	0.14	(0.58)	2.29	(2.35)	6.42	(3.18)	20.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Eastroc Beverage 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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