BeiGene Correlations

688235 Stock

169.28 2.88 1.73%

The current 90-days correlation between BeiGene and Sichuan Teway Food is 0.35 (i.e., Weak diversification). The correlation of BeiGene 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.

BeiGene Correlation With Market

Average diversification

The correlation between BeiGene and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BeiGene and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BeiGene Stock

0.81	600519	Kweichow Moutai	Pair Corr
0.85	300760	Shenzhen Mindray Bio	Pair Corr
0.85	603688	Jiangsu Pacific Quartz	Pair Corr
0.83	603444	G bits Network	Pair Corr
0.88	688036	Shenzhen Transsion	Pair Corr
0.66	688169	Beijing Roborock Tec	Pair Corr
0.83	000568	Luzhou Lao Jiao	Pair Corr
0.74	000719	Central China Land	Pair Corr
0.89	300750	Contemporary Amperex	Pair Corr
0.85	000858	Wuliangye Yibin	Pair Corr
0.93	002594	BYD Co	Pair Corr

Related Correlations Analysis

	603317	600419	300057	000785	002650	002969	601188
603317		0.95	0.95	0.93	0.81	0.96	0.97	603317
600419	0.95		0.89	0.96	0.87	0.97	0.96	600419
300057	0.95	0.89		0.87	0.75	0.93	0.94	300057
000785	0.93	0.96	0.87		0.77	0.97	0.95	000785
002650	0.81	0.87	0.75	0.77		0.82	0.78	002650
002969	0.96	0.97	0.93	0.97	0.82		0.97	002969
601188	0.97	0.96	0.94	0.95	0.78	0.97		601188
	603317	600419	300057	000785	002650	002969	601188

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Risk-Adjusted Indicators

There is a big difference between BeiGene Stock performing well and BeiGene 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 BeiGene'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
603317	2.36	0.54	0.17	(1.12)	2.11	(3.00)	7.26	(2.73)	13.96
600419	2.00	0.36	0.10	(1.04)	2.26	(2.35)	4.99	(3.77)	17.25
300057	3.10	0.76	0.16	(3.76)	3.41	(3.53)	7.76	(5.19)	28.17
000785	2.02	0.27	0.05	(0.34)	2.47	(2.19)	4.44	(3.28)	16.47
002650	3.27	1.55	0.38	(3.71)	2.82	(3.89)	5.13	(4.94)	10.28
002969	1.54	0.26	0.07	(1.42)	2.14	(1.71)	3.10	(2.24)	17.34
601188	1.73	0.28	0.08	14.27	2.11	(2.07)	3.24	(3.08)	18.72

Be your own money manager

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

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

Chan Lee	General VP	Profile
Titus Ball	VP Officer	Profile
Yang Ji	Chief Officer	Profile
Liza Heapes	Head Relations	Profile
Wang Lai	Global RD	Profile

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