CCSC Technology Correlations

CCTG Stock   1.78  0.05  2.89%   
The current 90-days correlation between CCSC Technology Inte and Yirendai is 0.07 (i.e., Significant diversification). The correlation of CCSC Technology 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CCSC Technology International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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Related Correlations Analysis

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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   
MGRCWSC
THGUVSP
CMWAYUVSP
MGRCUVSP
CMWAYTHG
CMWAYMGRC
  
High negative correlations   
VSTSYRD
VSTSMGRC
CMWAYYRD
VSTSTHG

Risk-Adjusted Indicators

There is a big difference between CCSC Stock performing well and CCSC Technology 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 CCSC Technology'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.

CCSC Technology Corporate Management

Chee LawChief OfficerProfile
Chi ChanChief OfficerProfile
Jung ChiuChief OfficerProfile
Kwok ChanChief OfficerProfile