Diguang Intl Correlations
| DGNG Stock | USD 0.0009 0.00 0.00% |
The correlation of Diguang Intl 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.
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The ability to find closely correlated positions to Diguang Intl could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diguang Intl 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 Diguang Intl - 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 Diguang Intl Dev to buy it.
Moving against Diguang Pink Sheet
| 0.63 | PG | Procter Gamble | PairCorr |
| 0.61 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.6 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.57 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.41 | CTPR | CTPartners Executive | PairCorr |
| 0.35 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.33 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.31 | AFFL | Affiliated Resources Corp | PairCorr |
Related Correlations Analysis
| 0.43 | 0.07 | 0.32 | 0.8 | 0.72 | 0.46 | WEN | ||
| 0.43 | 0.66 | 0.4 | 0.6 | 0.17 | 0.69 | WEYS | ||
| 0.07 | 0.66 | 0.69 | 0.46 | 0.08 | 0.6 | FSTR | ||
| 0.32 | 0.4 | 0.69 | 0.44 | 0.2 | 0.53 | GTY | ||
| 0.8 | 0.6 | 0.46 | 0.44 | 0.65 | 0.62 | RAVE | ||
| 0.72 | 0.17 | 0.08 | 0.2 | 0.65 | 0.21 | CPNG | ||
| 0.46 | 0.69 | 0.6 | 0.53 | 0.62 | 0.21 | TITN | ||
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Risk-Adjusted Indicators
There is a big difference between Diguang Pink Sheet performing well and Diguang Intl 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 Diguang Intl'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WEN | 1.45 | 0.04 | 0.02 | 0.17 | 1.79 | 3.34 | 10.31 | |||
| WEYS | 1.81 | (0.19) | (0.01) | 0.05 | 2.21 | 2.82 | 25.17 | |||
| FSTR | 2.10 | 0.41 | 0.25 | 0.35 | 1.59 | 6.37 | 14.55 | |||
| GTY | 0.67 | 0.06 | (0.07) | 0.79 | 0.62 | 1.66 | 3.79 | |||
| RAVE | 2.86 | 0.76 | 0.25 | 1.32 | 2.23 | 8.33 | 26.70 | |||
| CPNG | 1.52 | 0.31 | 0.04 | (0.42) | 2.26 | 4.63 | 17.75 | |||
| TITN | 2.24 | (0.18) | 0.02 | 0.06 | 2.69 | 5.83 | 19.53 |
Be your own money manager
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Diguang Intl Corporate Management
| Hua Wang | Sec | Profile | |
| Huade Zuo | Ma Electronics | Profile | |
| Rongguo Chen | Controller Electronics | Profile | |
| Gangyi Luo | Gen Electronics | Profile | |
| Zeng Qingjun | Principal Officer | Profile |