Traffic Control Correlations

688015 Stock

22.61 0.26 1.14%

The current 90-days correlation between Traffic Control Tech and Bank of Communications is -0.14 (i.e., Good diversification). The correlation of Traffic Control 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.

Traffic Control Correlation With Market

Modest diversification

The correlation between Traffic Control Technology and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Traffic Control Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Traffic Stock

0.78	601318	Ping An Insurance	Pair Corr
0.66	600028	China Petroleum Chemical	Pair Corr
0.66	601628	China Life Insurance	Pair Corr
0.66	300774	BGT Group	Pair Corr
0.65	001203	Inner Mongolia Dazhong	Pair Corr
0.61	300300	Strait Innovation	Pair Corr
0.58	600984	Shaanxi Construction	Pair Corr
0.54	601857	PetroChina	Pair Corr
0.52	301057	Zhejiang Huilong New	Pair Corr
0.47	601328	Bank of Communications	Pair Corr
0.46	601988	Bank of China	Pair Corr
0.43	600938	CNOOC Limited	Pair Corr
0.43	000429	Guangdong Provincial	Pair Corr
0.41	601398	Industrial and Commercial	Pair Corr
0.37	001259	Beijing Liven Technology	Pair Corr
0.75	300448	Guangzhou Haoyun Security	Pair Corr
0.72	001270	Zhejiang Chengchang	Pair Corr
0.69	300189	Hainan Shennong Tech	Pair Corr
0.67	688607	CareRay Digital Medical	Pair Corr
0.63	300390	Suzhou TAA Ultra	Pair Corr
0.6	300337	Yinbang Clad Material	Pair Corr
0.54	002379	Shandong Hongchuang	Pair Corr
0.54	300648	Fujian Nebula Electronics	Pair Corr
0.53	002899	Impulse Qingdao Health	Pair Corr
0.5	300548	Broadex Technologies	Pair Corr

Related Correlations Analysis

	601328	601166	601288	601939	601398	601988	600000	000001	601818	600919
601328		0.85	0.79	0.84	0.93	0.95	-0.54	0.87	0.83	0.42	601328
601166	0.85		0.69	0.79	0.88	0.81	-0.45	0.89	0.74	0.42	601166
601288	0.79	0.69		0.87	0.9	0.72	-0.2	0.82	0.49	0.73	601288
601939	0.84	0.79	0.87		0.89	0.85	-0.21	0.89	0.68	0.7	601939
601398	0.93	0.88	0.9	0.89		0.89	-0.44	0.91	0.69	0.56	601398
601988	0.95	0.81	0.72	0.85	0.89		-0.54	0.83	0.83	0.37	601988
600000	-0.54	-0.45	-0.2	-0.21	-0.44	-0.54		-0.22	-0.36	0.24	600000
000001	0.87	0.89	0.82	0.89	0.91	0.83	-0.22		0.79	0.58	000001
601818	0.83	0.74	0.49	0.68	0.69	0.83	-0.36	0.79		0.16	601818
600919	0.42	0.42	0.73	0.7	0.56	0.37	0.24	0.58	0.16		600919
	601328	601166	601288	601939	601398	601988	600000	000001	601818	600919

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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

601988	+ 0.95	601328
601398	+ 0.93	601328
000001	+ 0.91	601398
601398	+ 0.9	601288
000001	+ 0.89	601166
601398	+ 0.89	601939

High negative correlations

600000	- 0.54	601988
600000	- 0.54	601328
600000	- 0.45	601166
600000	- 0.44	601398
601818	- 0.36	600000
000001	- 0.22	600000

Risk-Adjusted Indicators

There is a big difference between Traffic Stock performing well and Traffic Control 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 Traffic Control'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
601328	0.87	0.07	(0.01)	(1.01)	0.96	(1.03)	1.91	(1.88)	4.66
601166	0.75	0.06	(0.02)	3.69	0.83	(0.75)	1.86	(1.33)	4.70
601288	1.30	0.15	0.06	2.38	1.24	(1.51)	2.66	(2.12)	6.27
601939	0.88	0.08	(0.02)	(0.14)	1.04	(1.03)	2.58	(1.67)	6.03
601398	0.80	0.11	0.03	(0.92)	0.80	(1.00)	2.30	(1.75)	5.17
601988	0.90	0.10	0.01	(0.30)	1.04	(1.02)	1.73	(1.91)	7.06
600000	1.06	0.00	0.00	0.08	0.00	0.00	2.08	(2.15)	10.34
000001	0.59	0.04	(0.05)	(1.13)	0.57	(0.68)	1.41	(0.87)	3.16
601818	0.80	0.03	(0.07)	(0.03)	0.88	(1.07)	1.96	(1.18)	5.28
600919	0.91	0.04	(0.05)	(0.05)	1.08	(1.12)	1.88	(1.78)	7.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in Traffic Control 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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Traffic Control Corporate Management

Elected by the shareholders, the Traffic Control's board of directors comprises two types of representatives: Traffic Control inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Traffic. The board's role is to monitor Traffic Control's management team and ensure that shareholders' interests are well served. Traffic Control'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, Traffic Control's outside directors are responsible for providing unbiased perspectives on the board's policies.

Weiwei Bi	Board Secretary	Profile
Guosheng Zhi	Deputy Manager	Profile
Zhiyu Wang	General Manager	Profile
Yang Zhang	Deputy Manager	Profile
Qing Huang	Secretary GM	Profile
Shuai Zhang	Head Institution	Profile

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