Hangzhou Pinming Correlations
| 688109 Stock | 27.38 0.76 2.70% |
The current 90-days correlation between Hangzhou Pinming Software and China State Construction is 0.39 (i.e., Weak diversification). The correlation of Hangzhou Pinming 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.
Hangzhou Pinming Correlation With Market
Good diversification
The correlation between Hangzhou Pinming Software and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hangzhou Pinming Software and DJI in the same portfolio, assuming nothing else is changed.
Hangzhou |
The ability to find closely correlated positions to Hangzhou Pinming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hangzhou Pinming 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 Hangzhou Pinming - 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 Hangzhou Pinming Software to buy it.
Related Correlations Analysis
| 0.91 | 0.83 | 0.87 | 0.82 | 601668 | ||
| 0.91 | 0.93 | 0.89 | 0.91 | 600325 | ||
| 0.83 | 0.93 | 0.89 | 0.96 | 601995 | ||
| 0.87 | 0.89 | 0.89 | 0.84 | 600519 | ||
| 0.82 | 0.91 | 0.96 | 0.84 | 300750 | ||
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Risk-Adjusted Indicators
There is a big difference between Hangzhou Stock performing well and Hangzhou Pinming 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 Hangzhou Pinming'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601668 | 2.13 | 0.20 | (0.01) | (0.14) | 2.50 | 5.25 | 15.78 | |||
| 600325 | 2.16 | 0.24 | 0.03 | (1.26) | 2.70 | 6.36 | 20.03 | |||
| 601995 | 2.43 | 0.38 | 0.07 | (3.27) | 2.83 | 8.00 | 20.01 | |||
| 600519 | 1.68 | 0.17 | (0.01) | (0.21) | 1.85 | 6.55 | 16.71 | |||
| 300750 | 2.70 | 0.78 | 0.16 | (0.76) | 3.07 | 7.94 | 33.42 |
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Our tools can tell you how much better you can do entering a position in Hangzhou Pinming 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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Hangzhou Pinming Corporate Executives
Elected by the shareholders, the Hangzhou Pinming's board of directors comprises two types of representatives: Hangzhou Pinming inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hangzhou. The board's role is to monitor Hangzhou Pinming's management team and ensure that shareholders' interests are well served. Hangzhou Pinming'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, Hangzhou Pinming's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jiayuan Zhang | Deputy CFO | Profile |