Fuyao Glass Correlations

FYGGY Stock

USD 1.67 0.00 0.00%

The correlation of Fuyao Glass 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.

Fuyao Glass Correlation With Market

Good diversification

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

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

Moving together with Fuyao Pink Sheet

0.75	MUFG	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.74	SMFG	Sumitomo Mitsui Financial Sell-off Trend	Pair Corr
0.68	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.73	MFG	Mizuho Financial Earnings Call Today	Pair Corr
0.62	MZHOF	Mizuho Financial Earnings Call Today	Pair Corr
0.62	ACR	Acres Commercial Realty	Pair Corr
0.63	NFLX	Netflix	Pair Corr
0.8	DLX	Deluxe	Pair Corr
0.79	PAR	PAR Technology	Pair Corr
0.69	SOFI	SoFi Technologies	Pair Corr

Moving against Fuyao Pink Sheet

0.63	APTV	Aptiv PLC	Pair Corr
0.52	PTAIY	Astra International Tbk	Pair Corr
0.44	BRDCY	Bridgestone Corp ADR	Pair Corr
0.32	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.37	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.39	EARI	Entertainment Arts	Pair Corr

Related Correlations Analysis

	ROOT	LINSA	ARIS	ENIC	CNFRZ	UFCS	CCG	PINXF
ROOT		0.49	0.76	-0.11	-0.08	0.63	0.4	0.17	ROOT
LINSA	0.49		0.76	0.41	0.18	0.78	0.15	0.85	LINSA
ARIS	0.76	0.76		0.34	0.23	0.69	0.48	0.57	ARIS
ENIC	-0.11	0.41	0.34		0.57	0.01	0.1	0.55	ENIC
CNFRZ	-0.08	0.18	0.23	0.57		-0.24	0.15	0.31	CNFRZ
UFCS	0.63	0.78	0.69	0.01	-0.24		0.07	0.59	UFCS
CCG	0.4	0.15	0.48	0.1	0.15	0.07		0.0	CCG
PINXF	0.17	0.85	0.57	0.55	0.31	0.59	0.0		PINXF
	ROOT	LINSA	ARIS	ENIC	CNFRZ	UFCS	CCG	PINXF

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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

PINXF	+ 0.85	LINSA
UFCS	+ 0.78	LINSA
ARIS	+ 0.76	ROOT
ARIS	+ 0.76	LINSA
UFCS	+ 0.69	ARIS
UFCS	+ 0.63	ROOT

High negative correlations

UFCS	- 0.24	CNFRZ
ENIC	- 0.11	ROOT
CNFRZ	- 0.08	ROOT
PINXF	- 0.0	CCG

Risk-Adjusted Indicators

There is a big difference between Fuyao Pink Sheet performing well and Fuyao Glass 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 Fuyao Glass' 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
ROOT	4.53	1.66	0.37	2.14	3.48	(5.35)	7.40	(7.56)	78.98
LINSA	0.31	0.16	0.00	(1.24)	0.00	0.00	0.00	0.00	7.14
ARIS	2.77	0.77	0.29	0.39	2.32	(3.11)	6.46	(5.01)	35.90
ENIC	1.19	0.12	0.01	(4.88)	1.66	(1.25)	2.16	(3.06)	7.00
CNFRZ	2.22	0.05	0.00	0.48	3.52	(3.73)	5.28	(9.52)	18.20
UFCS	1.95	0.37	0.16	0.95	1.55	(2.35)	4.67	(3.70)	29.67
CCG	2.77	0.18	0.05	0.42	2.34	(4.39)	6.67	(4.35)	13.49
PINXF	0.72	0.34	0.00	2.08	0.00	0.00	0.00	0.00	24.14

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fuyao Glass 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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Fuyao Glass Corporate Management

Yongnian Qiu	Head Department	Profile
Juli Chen	Deputy General Manager	Profile
FCS FCIS	Joint Sec	Profile
Tak Cho	Ex Chairman	Profile
Shu Ye	General Manager	Profile
Xiaoxi Li	Secretary of the Board	Profile

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