AviChina Industry Correlations

AVIJF Stock

USD 0.37 0.06 13.95%

The current 90-days correlation between AviChina Industry and 17 Education Technology is -0.14 (i.e., Good diversification). The correlation of AviChina Industry 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.

AviChina Industry Correlation With Market

Good diversification

The correlation between AviChina Industry Technology and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AviChina Industry Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against AviChina Pink Sheet

0.56	NDAQ	Nasdaq Inc	Pair Corr
0.76	PDYN	Palladyne AI Corp Symbol Change	Pair Corr
0.57	IONQ	IONQ Inc	Pair Corr
0.53	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.51	BAC	Bank of America Aggressive Push	Pair Corr
0.49	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.44	VRT	Vertiv Holdings	Pair Corr
0.43	PG	Procter Gamble	Pair Corr
0.42	T	ATT Inc Aggressive Push	Pair Corr
0.39	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.38	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.37	HD	Home Depot Sell-off Trend	Pair Corr
0.36	CSCO	Cisco Systems Aggressive Push	Pair Corr

Related Correlations Analysis

	YQ	ZIJMF	DJCO	KNOP	IH	SCHL	PSO
YQ		0.58	-0.52	0.24	0.79	0.04	-0.66	YQ
ZIJMF	0.58		-0.29	-0.27	0.81	-0.45	-0.27	ZIJMF
DJCO	-0.52	-0.29		-0.59	-0.34	-0.35	0.87	DJCO
KNOP	0.24	-0.27	-0.59		-0.08	0.85	-0.65	KNOP
IH	0.79	0.81	-0.34	-0.08		-0.27	-0.37	IH
SCHL	0.04	-0.45	-0.35	0.85	-0.27		-0.42	SCHL
PSO	-0.66	-0.27	0.87	-0.65	-0.37	-0.42		PSO
	YQ	ZIJMF	DJCO	KNOP	IH	SCHL	PSO

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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

PSO	+ 0.87	DJCO
SCHL	+ 0.85	KNOP
IH	+ 0.81	ZIJMF
IH	+ 0.79	YQ
ZIJMF	+ 0.58	YQ
KNOP	+ 0.24	YQ

High negative correlations

PSO	- 0.66	YQ
PSO	- 0.65	KNOP
KNOP	- 0.59	DJCO
DJCO	- 0.52	YQ
SCHL	- 0.45	ZIJMF
PSO	- 0.42	SCHL

Risk-Adjusted Indicators

There is a big difference between AviChina Pink Sheet performing well and AviChina Industry 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 AviChina Industry'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
YQ	3.11	(0.03)	(0.02)	0.08	3.72	(4.52)	7.17	(6.19)	32.10
ZIJMF	1.97	0.09	(0.01)	1.88	2.75	(3.20)	5.58	(5.24)	21.80
DJCO	1.90	(0.11)	0.04	0.08	2.07	(2.13)	3.45	(3.02)	17.89
KNOP	1.47	(0.21)	0.00	1.51	0.00	0.00	2.42	(2.69)	18.04
IH	2.70	(0.14)	(0.04)	(0.01)	3.05	(3.18)	6.16	(5.49)	22.95
SCHL	2.02	(0.45)	0.00	(0.12)	0.00	0.00	5.42	(4.27)	14.40
PSO	0.77	0.15	0.06	0.79	0.66	(0.93)	1.92	(1.11)	6.66

Be your own money manager

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

Liwei Gan	Secretary of the Board	Profile
Lingxi Yan	Company Secretary	Profile
Wanming Liu	Deputy Mang	Profile
Jingmin Wang	Chief Officer	Profile
Bin Xu	Company Secretary	Profile
Minsheng Zhang	Ex Chairman	Profile

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