China Renaissance Correlations
| CSCHF Stock | USD 0.60 0.00 0.00% |
The current 90-days correlation between China Renaissance and Evercore Partners is -0.29 (i.e., Very good diversification). The correlation of China Renaissance 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.
China Renaissance Correlation With Market
Very good diversification
The correlation between China Renaissance Holdings and DJI is -0.38 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Renaissance Holdings and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to China Renaissance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Renaissance 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 China Renaissance - 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 China Renaissance Holdings to buy it.
Moving together with China Pink Sheet
Moving against China Pink Sheet
| 0.79 | WF | Woori Financial Group | PairCorr |
| 0.77 | GS | Goldman Sachs Group | PairCorr |
| 0.69 | MS | Morgan Stanley | PairCorr |
| 0.68 | KB | KB Financial Group | PairCorr |
| 0.51 | BCH | Banco De Chile | PairCorr |
| 0.43 | SCHW | Charles Schwab Corp | PairCorr |
| 0.41 | SHG | Shinhan Financial | PairCorr |
| 0.8 | BSRR | Sierra Bancorp | PairCorr |
| 0.69 | ZCUSX | Corn Futures | PairCorr |
| 0.69 | LMND | Lemonade | PairCorr |
| 0.68 | MDGL | Madrigal Pharmaceuticals | PairCorr |
| 0.68 | BSXGF | Belo Sun Mining | PairCorr |
| 0.59 | KEX | Kirby | PairCorr |
| 0.53 | CAH | Cardinal Health Sell-off Trend | PairCorr |
| 0.45 | SCCO | Southern Copper | PairCorr |
| 0.38 | CLVLY | Clinuvel Pharmaceuticals | PairCorr |
| 0.36 | PPIH | Perma Pipe Internati | PairCorr |
| 0.35 | 47215PAC0 | JD INC 3875 | PairCorr |
| 0.32 | CRTTF | Cortus Metals | PairCorr |
| 0.76 | FCAP | First Capital | PairCorr |
| 0.71 | LSBK | Lake Shore Bancorp | PairCorr |
| 0.67 | HUBG | Hub Group | PairCorr |
| 0.62 | CUTLF | Canadian Utilities | PairCorr |
| 0.61 | ANPMF | Andean Precious Metals | PairCorr |
| 0.59 | SRRTF | Slate Grocery REIT | PairCorr |
Related Correlations Analysis
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 China Pink Sheet performing well and China Renaissance 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 China Renaissance'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GMPW | 12.43 | 3.35 | 0.14 | 1.23 | 11.00 | 56.84 | 153.45 | |||
| AXTG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VTXB | 11.75 | 3.05 | 0.00 | (8.00) | 0.00 | 100.00 | 150.00 | |||
| SYSX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CBTC | 5.57 | (0.46) | 0.00 | (0.48) | 0.00 | 12.50 | 43.08 | |||
| EVR | 1.54 | (0.07) | (0.01) | 0.03 | 2.48 | 2.99 | 13.96 | |||
| PJT | 1.38 | (0.15) | 0.00 | (0.08) | 0.00 | 2.37 | 9.59 | |||
| MC | 1.45 | (0.10) | (0.02) | 0.01 | 2.10 | 2.92 | 10.53 | |||
| PWP | 1.77 | (0.39) | 0.00 | (0.12) | 0.00 | 3.69 | 12.28 | |||
| JEF | 1.98 | (0.22) | 0.00 | (0.01) | 0.00 | 4.52 | 16.21 |
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