China Solar Correlations
| CSOL Stock | USD 0.02 0 8.70% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Solar Cln moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
China Solar Correlation With Market
Good diversification
The correlation between China Solar Cln and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Solar Cln and DJI in the same portfolio, assuming nothing else is changed.
China |
The ability to find closely correlated positions to China Solar 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 Solar 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 Solar - 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 Solar Cln to buy it.
Moving against China Pink Sheet
| 0.48 | MS-PK | Morgan Stanley | PairCorr |
| 0.4 | WFC-PL | Wells Fargo | PairCorr |
| 0.39 | BAC-PL | Bank of America | PairCorr |
| 0.5 | CLVLY | Clinuvel Pharmaceuticals | PairCorr |
| 0.55 | SKPO | Skye Petroleum | PairCorr |
| 0.51 | RMT | Royce Micro Cap | PairCorr |
| 0.36 | ANPMF | Andean Precious Metals Downward Rally | 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
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Risk-Adjusted Indicators
There is a big difference between China Pink Sheet performing well and China Solar 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 Solar'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BKLIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IFXY | 19.83 | 5.19 | 0.10 | (1.99) | 17.67 | 100.00 | 150.00 | |||
| TRAC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FNDM | 37.55 | 14.54 | 0.00 | 0.44 | 0.00 | 1.18 | 1,045 | |||
| MXLGF | 11.98 | 1.48 | 0.06 | 0.17 | 12.48 | 0.00 | 357.63 | |||
| GRNL | 22.19 | 3.07 | 0.16 | 0.82 | 18.15 | 50.00 | 140.83 | |||
| KYNC | 13.59 | 1.73 | 0.07 | 0.72 | 13.25 | 33.33 | 106.67 | |||
| ARVY | 0.25 | 0.00 | 0.00 | 0.19 | 0.00 | 0.00 | 8.33 | |||
| BFCH | 11.18 | 0.42 | 0.03 | 0.35 | 11.73 | 27.27 | 75.69 | |||
| CBTC | 5.65 | (0.97) | 0.00 | (1.81) | 0.00 | 12.50 | 38.18 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in China Solar 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.Did you try this?
Run Sectors Now
SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
| All Next | Launch Module |
China Solar Corporate Management
| Hao Dong | Chief Solar | Profile | |
| Ersen Nie | Assistant Operations | Profile | |
| Xueling Wu | Controller Solar | Profile | |
| Fen Li | Chief System | Profile | |
| Weizhong Xiang | Chief Officer | Profile |