CRRCLimited Correlations

C2L Stock

EUR 0.61 0.00 0.00%

The current 90-days correlation between CRRC Limited and Ribbon Communications is 0.01 (i.e., Significant diversification). The correlation of CRRCLimited 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.

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

Moving together with CRRCLimited Stock

0.83	MRI	MTR Limited	Pair Corr
0.74	WB2	Westinghouse Air Brake	Pair Corr
0.71	W5E	Peel Mining Limited	Pair Corr
0.63	E908	Lyxor 1	Pair Corr
0.71	DBPE	Xtrackers LevDAX	Pair Corr

Moving against CRRCLimited Stock

0.76	JAP	Central Japan Railway	Pair Corr
0.73	DBPD	Xtrackers ShortDAX	Pair Corr
0.51	CY2	Canadian National Railway	Pair Corr

Related Correlations Analysis

	NU42	CUD	6GC	SZL	HLG	UUEC	UUEC	OGM1
NU42		0.38	-0.17	-0.01	-0.41	0.5	0.51	0.82	NU42
CUD	0.38		0.34	-0.01	-0.59	0.71	0.78	0.65	CUD
6GC	-0.17	0.34		-0.23	-0.62	-0.03	0.06	-0.01	6GC
SZL	-0.01	-0.01	-0.23		0.39	0.14	0.16	-0.12	SZL
HLG	-0.41	-0.59	-0.62	0.39		-0.22	-0.27	-0.63	HLG
UUEC	0.5	0.71	-0.03	0.14	-0.22		0.92	0.6	UUEC
UUEC	0.51	0.78	0.06	0.16	-0.27	0.92		0.56	UUEC
OGM1	0.82	0.65	-0.01	-0.12	-0.63	0.6	0.56		OGM1
	NU42	CUD	6GC	SZL	HLG	UUEC	UUEC	OGM1

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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

UUEC	+ 0.92	UUEC
OGM1	+ 0.82	NU42
UUEC	+ 0.78	CUD
UUEC	+ 0.71	CUD
OGM1	+ 0.65	CUD
OGM1	+ 0.6	UUEC

High negative correlations

OGM1	- 0.63	HLG
HLG	- 0.62	6GC
HLG	- 0.59	CUD
HLG	- 0.41	NU42
UUEC	- 0.27	HLG
SZL	- 0.23	6GC

Risk-Adjusted Indicators

There is a big difference between CRRCLimited Stock performing well and CRRCLimited 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 CRRCLimited'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
NU42	2.22	0.16	0.08	0.24	2.00	(3.02)	5.30	(3.55)	10.99
CUD	0.86	0.13	0.03	1.00	0.73	(1.00)	2.62	(1.47)	6.04
6GC	1.23	0.06	(0.03)	0.47	1.29	(1.59)	2.15	(2.04)	16.76
SZL	2.18	0.11	0.04	0.24	2.30	(2.79)	5.99	(4.26)	21.05
HLG	2.65	(0.26)	0.00	0.45	0.00	0.00	5.26	(7.21)	22.35
UUEC	1.01	0.14	0.05	0.57	0.91	(1.38)	2.43	(1.62)	5.71
UUEC	1.26	0.16	0.05	0.59	1.23	(1.69)	3.17	(2.36)	7.39
OGM1	1.57	0.30	0.13	0.98	1.38	(2.07)	3.60	(2.32)	10.62

Be your own money manager

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

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

An Wang	Ex Director	Profile
Jun Wang	VP	Profile
Yunshuang Ma	VP	Profile
Qiliang Lou	Pres Director	Profile
Zheng Li	CFO Accountant	Profile
Shaoping Xiao	Joint Sec	Profile
Jian Wang	Director Sec	Profile

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