China Xuefeng Correlations
| ELEK Stock | USD 0.02 0.01 33.33% |
The current 90-days correlation between China Xuefeng Enviro and Isuzu Motors is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Xuefeng moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Xuefeng Environmental moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
China Xuefeng Correlation With Market
Significant diversification
The correlation between China Xuefeng Environmental and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Xuefeng Environmental and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to China Xuefeng 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 Xuefeng 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 Xuefeng - 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 Xuefeng Environmental to buy it.
Moving against China Pink Sheet
| 0.55 | FINN | First National | PairCorr |
| 0.55 | TKURF | Tokyu REIT | PairCorr |
| 0.42 | BYDDY | BYD Co | PairCorr |
| 0.4 | BYDDF | BYD Limited | PairCorr |
| 0.36 | CTBB | Qwest Corp NT | PairCorr |
| 0.36 | CTDD | Qwest Corp 6 | PairCorr |
| 0.66 | NVDA | NVIDIA | PairCorr |
| 0.57 | CRWD | Crowdstrike Holdings Earnings Call This Week | PairCorr |
| 0.56 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.52 | ADSK | Autodesk | PairCorr |
| 0.51 | SNOW | Snowflake Trending | PairCorr |
| 0.51 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.48 | DECK | Deckers Outdoor | PairCorr |
| 0.48 | APLD | Applied Blockchain Trending | PairCorr |
| 0.48 | ALAB | Astera Labs, Common Tech Boost | PairCorr |
| 0.46 | GVA | Granite Construction | PairCorr |
| 0.46 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.44 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.34 | GM | General Motors Aggressive Push | PairCorr |
| 0.34 | DXYZ | Destiny Tech100 | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between China Pink Sheet performing well and China Xuefeng 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 Xuefeng'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ISUZY | 1.13 | (0.18) | 0.00 | (1.31) | 0.00 | 2.43 | 7.37 | |||
| RNLSY | 1.46 | (0.13) | 0.00 | 1.85 | 0.00 | 3.14 | 8.32 | |||
| MZDAY | 1.51 | (0.44) | 0.00 | (1.26) | 0.00 | 2.17 | 11.45 | |||
| BYMOF | 0.72 | (0.42) | 0.00 | (1.33) | 0.00 | 0.00 | 13.40 | |||
| TOYOF | 1.50 | (0.08) | 0.00 | (0.12) | 0.00 | 2.61 | 10.82 | |||
| POAHY | 1.33 | (0.29) | 0.00 | 1.38 | 0.00 | 2.22 | 10.40 | |||
| BMWYY | 1.50 | (0.30) | 0.00 | 0.97 | 0.00 | 2.86 | 12.90 | |||
| MBGYY | 1.36 | (0.27) | 0.00 | 0.84 | 0.00 | 2.08 | 12.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in China Xuefeng 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?
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