Railway Signal Correlations
| 688009 Stock | 5.83 0.14 2.46% |
The current 90-days correlation between Railway Signal Commu and Jiangxi Sunshine Dairy is 0.23 (i.e., Modest diversification). The correlation of Railway Signal 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.
Railway Signal Correlation With Market
Average diversification
The correlation between Railway Signal Communication and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Railway Signal Communication and DJI in the same portfolio, assuming nothing else is changed.
Railway |
The ability to find closely correlated positions to Railway Signal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Railway Signal 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 Railway Signal - 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 Railway Signal Communication to buy it.
Moving together with Railway Stock
| 0.89 | 601628 | China Life Insurance | PairCorr |
| 0.78 | 688072 | Piotech Inc A | PairCorr |
| 0.76 | 688351 | Shanghai MicroPort | PairCorr |
| 0.94 | 002507 | Chongqing Fuling Zhacai | PairCorr |
| 0.88 | 688126 | National Silicon Industry | PairCorr |
| 0.72 | 601698 | China Satellite Comm | PairCorr |
Moving against Railway Stock
| 0.87 | 180101 | Bosera CMSK Industrial | PairCorr |
| 0.8 | 603306 | HMTNew Technical | PairCorr |
| 0.45 | 002967 | Grg Metrology | PairCorr |
| 0.37 | 603636 | Linewell Software | PairCorr |
| 0.77 | 301439 | Weihai Honglin Electronic | PairCorr |
| 0.7 | 688256 | Cambricon Technologies | PairCorr |
| 0.59 | 000933 | Henan Shenhuo Coal | PairCorr |
| 0.46 | 601169 | Bank of Beijing Co Ltd | PairCorr |
| 0.42 | 603259 | WuXi AppTec | PairCorr |
| 0.38 | 300811 | Poco Holding Co | PairCorr |
| 0.34 | 688159 | Shenzhen Neoway Tech | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Railway Stock performing well and Railway Signal 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 Railway Signal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 001318 | 1.82 | 0.03 | 0.01 | 0.12 | 2.85 | 4.07 | 16.33 | |||
| 002847 | 1.93 | (0.07) | 0.00 | 0.54 | 0.00 | 3.51 | 14.86 | |||
| 300755 | 2.51 | 0.09 | 0.03 | 0.11 | 3.37 | 6.33 | 17.65 | |||
| 002956 | 2.27 | 0.33 | 0.12 | 3.56 | 2.41 | 5.35 | 16.25 | |||
| 002991 | 2.12 | 0.17 | 0.06 | (0.44) | 2.63 | 4.62 | 16.57 | |||
| 688579 | 2.61 | 0.10 | 0.03 | 0.19 | 3.29 | 5.81 | 15.61 | |||
| 000799 | 1.89 | (0.34) | 0.00 | (0.52) | 0.00 | 3.63 | 10.82 | |||
| 688232 | 2.48 | 0.21 | 0.08 | (2.87) | 2.46 | 5.87 | 14.59 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Railway Signal 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?
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Railway Signal Corporate Management
Elected by the shareholders, the Railway Signal's board of directors comprises two types of representatives: Railway Signal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Railway. The board's role is to monitor Railway Signal's management team and ensure that shareholders' interests are well served. Railway Signal'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, Railway Signal's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Zhihui Zhang | VP Engineer | Profile | |
| Weizhong Huang | VP | Profile | |
| Zhen Liu | Chief CRSCD | Profile | |
| Hongyan Li | Product Ltd | Profile |