Shenzhen Fortune Correlations
| 688318 Stock | 176.98 1.28 0.73% |
The current 90-days correlation between Shenzhen Fortune Trend and Sunny Loan Top is 0.71 (i.e., Poor diversification). The correlation of Shenzhen Fortune 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.
Shenzhen |
The ability to find closely correlated positions to Shenzhen Fortune could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shenzhen Fortune 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 Shenzhen Fortune - 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 Shenzhen Fortune Trend to buy it.
Moving together with Shenzhen Stock
| 0.95 | 605259 | Lutian Machinery | PairCorr |
| 0.66 | 001289 | China Longyuan Power | PairCorr |
| 0.87 | 603201 | Changshu Tongrun Auto | PairCorr |
| 0.94 | 605198 | Yantai North Andre | PairCorr |
| 0.66 | 601998 | China Citic Bank | PairCorr |
Moving against Shenzhen Stock
| 0.73 | 600025 | Huaneng Lancang River | PairCorr |
| 0.4 | 601298 | Qingdao Port Interna | PairCorr |
| 0.37 | 600236 | Guangxi Guiguan Electric | PairCorr |
Related Correlations Analysis
| 0.9 | 0.96 | 0.89 | 0.9 | 0.92 | 0.9 | 603357 | ||
| 0.9 | 0.93 | 0.82 | 0.94 | 0.92 | 0.91 | 600830 | ||
| 0.96 | 0.93 | 0.89 | 0.93 | 0.94 | 0.94 | 002532 | ||
| 0.89 | 0.82 | 0.89 | 0.89 | 0.76 | 0.85 | 603615 | ||
| 0.9 | 0.94 | 0.93 | 0.89 | 0.87 | 0.95 | 605128 | ||
| 0.92 | 0.92 | 0.94 | 0.76 | 0.87 | 0.87 | 601717 | ||
| 0.9 | 0.91 | 0.94 | 0.85 | 0.95 | 0.87 | 000603 | ||
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Risk-Adjusted Indicators
There is a big difference between Shenzhen Stock performing well and Shenzhen Fortune 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 Shenzhen Fortune'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 603357 | 1.88 | 0.20 | 0.04 | 1.02 | 2.56 | 4.07 | 16.77 | |||
| 600830 | 3.22 | 0.61 | 0.12 | (0.64) | 3.19 | 9.11 | 20.02 | |||
| 002532 | 2.08 | 0.39 | 0.11 | 2.29 | 2.30 | 5.75 | 17.40 | |||
| 603615 | 3.40 | 1.20 | 0.29 | (1.71) | 2.91 | 7.91 | 18.21 | |||
| 605128 | 2.38 | 0.66 | 0.28 | 6.01 | 1.75 | 6.76 | 13.40 | |||
| 601717 | 1.72 | 0.19 | 0.02 | (0.29) | 2.10 | 3.34 | 16.88 | |||
| 000603 | 2.10 | 0.36 | 0.09 | 7.02 | 2.23 | 5.26 | 17.21 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shenzhen Fortune 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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Shenzhen Fortune Corporate Management
Elected by the shareholders, the Shenzhen Fortune's board of directors comprises two types of representatives: Shenzhen Fortune inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shenzhen. The board's role is to monitor Shenzhen Fortune's management team and ensure that shareholders' interests are well served. Shenzhen Fortune'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, Shenzhen Fortune's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Zhikun Shen | Exec | Profile | |
| Huosheng Wu | Core Staff | Profile | |
| Tao Qin | Deputy Manager | Profile | |
| Jinen Tian | Secretary GM | Profile | |
| Dan Chen | Accounting Supervisor | Profile |