Chongqing Rural Correlations

CRCBY Stock

USD 24.82 2.26 8.35%

The current 90-days correlation between Chongqing Rural Comm and CarMax Inc is 0.05 (i.e., Significant diversification). The correlation of Chongqing Rural 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Chongqing Rural Correlation With Market

Average diversification

The correlation between Chongqing Rural Commercial and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chongqing Rural Commercial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Chongqing Pink Sheet

0.7	USB-PH	US Bancorp	Pair Corr
0.67	CNOBP	ConnectOne Bancorp	Pair Corr
0.79	PSQH	PSQ Holdings	Pair Corr
0.9	CTRN	Citi Trends	Pair Corr
0.68	M	Macys Inc	Pair Corr
0.7	PETS	PetMed Express	Pair Corr

Moving against Chongqing Pink Sheet

0.73	BBDC4	Banco Bradesco SA	Pair Corr
0.58	PPERY	Bank Mandiri Persero	Pair Corr
0.57	BBAS3	Banco do Brasil	Pair Corr
0.56	PPERF	Bank Mandiri Persero	Pair Corr
0.54	BKRKY	Bank Rakyat	Pair Corr
0.53	BNPQY	BNP Paribas SA	Pair Corr
0.5	BNPQF	BNP Paribas SA	Pair Corr
0.43	BKRKF	PT Bank Rakyat	Pair Corr
0.37	TLK	Telkom Indonesia Tbk	Pair Corr
0.55	PBCRF	PT Bank Central	Pair Corr
0.4	PBCRY	Bank Central Asia	Pair Corr

Related Correlations Analysis

	MSTSX	XTWO	SVII	XTWY	SEGI	FPCG	KMX	SEIC
MSTSX		0.16	0.1	0.3	-0.14	0.0	0.1	-0.01	MSTSX
XTWO	0.16		-0.56	0.81	-0.68	0.0	0.26	-0.37	XTWO
SVII	0.1	-0.56		-0.26	0.35	0.0	-0.48	-0.04	SVII
XTWY	0.3	0.81	-0.26		-0.68	0.0	-0.14	-0.65	XTWY
SEGI	-0.14	-0.68	0.35	-0.68		0.0	0.28	0.75	SEGI
FPCG	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FPCG
KMX	0.1	0.26	-0.48	-0.14	0.28	0.0		0.75	KMX
SEIC	-0.01	-0.37	-0.04	-0.65	0.75	0.0	0.75		SEIC
	MSTSX	XTWO	SVII	XTWY	SEGI	FPCG	KMX	SEIC

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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

XTWY	+ 0.81	XTWO
SEIC	+ 0.75	SEGI
SEIC	+ 0.75	KMX
SEGI	+ 0.35	SVII
XTWY	+ 0.3	MSTSX
KMX	+ 0.28	SEGI

High negative correlations

SEGI	- 0.68	XTWY
SEGI	- 0.68	XTWO
SEIC	- 0.65	XTWY
SVII	- 0.56	XTWO
KMX	- 0.48	SVII
SEIC	- 0.37	XTWO

Risk-Adjusted Indicators

There is a big difference between Chongqing Pink Sheet performing well and Chongqing Rural 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 Chongqing Rural'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
MSTSX	0.48	(0.03)	0.00	(0.41)	0.00	0.00	1.21	(1.00)	4.19
XTWO	0.08	(0.02)	0.00	(6.69)	0.00	0.00	0.12	(0.14)	0.53
SVII	0.18	(0.01)	0.00	0.28	0.00	0.00	0.44	(0.53)	4.77
XTWY	0.79	(0.19)	0.00	(24.03)	0.00	0.00	1.33	(1.70)	5.49
SEGI	10.60	1.74	0.11	(2.58)	11.16	(15.73)	28.57	(20.00)	70.63
FPCG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KMX	1.38	0.13	0.07	0.27	1.44	(1.61)	4.14	(2.63)	8.69
SEIC	0.88	0.25	0.18	0.26	1.09	(1.00)	1.57	(1.58)	10.37

Be your own money manager

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

Chi Leung	Company Sec	Profile
Yi Zheng	Chief Supervisor	Profile
Xiuping Huang	Company Sec	Profile
Xiaoming Le	Director Supervisor	Profile
Xin Gao	IR Officer	Profile

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