Shanghai Yaohua Correlations
| 900918 Stock | 0.36 0.01 2.70% |
The current 90-days correlation between Shanghai Yaohua Pilk and Zijin Mining Group is 0.22 (i.e., Modest diversification). The correlation of Shanghai Yaohua 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.
Shanghai Yaohua Correlation With Market
Good diversification
The correlation between Shanghai Yaohua Pilkington and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shanghai Yaohua Pilkington and DJI in the same portfolio, assuming nothing else is changed.
Shanghai |
The ability to find closely correlated positions to Shanghai Yaohua could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shanghai Yaohua 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 Shanghai Yaohua - 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 Shanghai Yaohua Pilkington to buy it.
Moving together with Shanghai Stock
| 0.87 | 600019 | Baoshan Iron Steel | PairCorr |
| 0.91 | 002493 | Rongsheng Petrochemical | PairCorr |
| 0.94 | 600010 | Inner Mongolia BaoTou | PairCorr |
| 0.94 | 002460 | Jiangxi Ganfeng Lithium | PairCorr |
| 0.9 | 603260 | Hoshine Silicon Ind | PairCorr |
| 0.93 | 600160 | Zhejiang Juhua | PairCorr |
| 0.87 | 000807 | Yunnan Aluminium | PairCorr |
| 0.67 | 601658 | Postal Savings Bank | PairCorr |
| 0.87 | 601728 | China Telecom Corp | PairCorr |
| 0.9 | 600229 | Qingdao Citymedia | PairCorr |
| 0.93 | 300339 | Jiangsu Hoperun Software | PairCorr |
| 0.91 | 000625 | Chongqing Changan | PairCorr |
| 0.87 | 688298 | Zhejiang Orient Gene | PairCorr |
| 0.85 | 000001 | Ping An Bank | PairCorr |
Moving against Shanghai Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Shanghai Stock performing well and Shanghai Yaohua 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 Shanghai Yaohua'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601899 | 1.64 | (0.01) | 0.00 | 0.14 | 0.00 | 3.35 | 10.10 | |||
| 600309 | 1.71 | 0.16 | (0.01) | (0.21) | 2.22 | 3.92 | 16.38 | |||
| 600019 | 1.61 | 0.19 | 0.01 | (0.31) | 2.13 | 4.80 | 17.37 | |||
| 600547 | 1.57 | (0.26) | 0.00 | 4.57 | 0.00 | 2.90 | 12.15 | |||
| 002493 | 1.57 | 0.20 | 0.02 | (0.35) | 2.08 | 4.12 | 15.52 | |||
| 600010 | 2.25 | 0.38 | 0.13 | 0.51 | 2.31 | 7.46 | 19.48 | |||
| 002460 | 3.49 | 0.81 | 0.17 | (1.61) | 3.41 | 9.99 | 20.00 | |||
| 603260 | 2.08 | 0.54 | 0.11 | (0.40) | 2.47 | 4.90 | 17.89 | |||
| 600160 | 2.35 | 0.48 | 0.09 | (0.42) | 2.51 | 6.09 | 15.23 | |||
| 000807 | 2.05 | 0.28 | 0.06 | (1.33) | 2.29 | 4.73 | 15.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shanghai Yaohua 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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Shanghai Yaohua Corporate Management
Elected by the shareholders, the Shanghai Yaohua's board of directors comprises two types of representatives: Shanghai Yaohua inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shanghai. The board's role is to monitor Shanghai Yaohua's management team and ensure that shareholders' interests are well served. Shanghai Yaohua'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, Shanghai Yaohua's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mingqing Liu | Deputy Manager | Profile | |
| Fei Gao | Financial CFO | Profile | |
| Dajian Sun | Chief Accountant | Profile | |
| Minghong Lu | Secretary GM | Profile |