Xinjiang Goldwind Correlations
| XJNGF Stock | USD 0.80 0.04 5.26% |
The current 90-days correlation between Xinjiang Goldwind Science and Shanghai Electric Group is 0.2 (i.e., Modest diversification). The correlation of Xinjiang Goldwind 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.
Xinjiang Goldwind Correlation With Market
Good diversification
The correlation between Xinjiang Goldwind Science and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xinjiang Goldwind Science and DJI in the same portfolio, assuming nothing else is changed.
Xinjiang |
The ability to find closely correlated positions to Xinjiang Goldwind could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xinjiang Goldwind 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 Xinjiang Goldwind - 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 Xinjiang Goldwind Science to buy it.
Moving together with Xinjiang Pink Sheet
| 0.75 | ETN | Eaton PLC | PairCorr |
| 0.66 | SMAWF | Siemens AG Class | PairCorr |
| 0.65 | PH | Parker Hannifin | PairCorr |
| 0.65 | ITW | Illinois Tool Works | PairCorr |
| 0.61 | EMR | Emerson Electric | PairCorr |
| 0.77 | ATLPF | Atlas Copco AB | PairCorr |
| 0.77 | VRT | Vertiv Holdings | PairCorr |
| 0.81 | NVDA | NVIDIA | PairCorr |
| 0.78 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.61 | IONQ | IONQ Inc | PairCorr |
| 0.68 | HD | Home Depot | PairCorr |
| 0.61 | WMT | Walmart Aggressive Push | PairCorr |
| 0.71 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.76 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.65 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.65 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
Moving against Xinjiang Pink Sheet
| 0.8 | EPGG | Empire Global Gaming | PairCorr |
| 0.54 | TPDDF | Talon Energy | PairCorr |
| 0.5 | IMHC | Imperalis Holding Corp | PairCorr |
| 0.33 | GBHPF | Global Hemp Group | PairCorr |
| 0.32 | CHHE | China Health Industries | PairCorr |
| 0.81 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.72 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.66 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.65 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.56 | PG | Procter Gamble | PairCorr |
| 0.46 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| -0.33 | -0.59 | 0.88 | 0.85 | SIELY | ||
| -0.33 | 0.06 | -0.26 | -0.3 | WEICY | ||
| -0.59 | 0.06 | -0.51 | -0.67 | WEICF | ||
| 0.88 | -0.26 | -0.51 | 0.89 | AMSC | ||
| 0.85 | -0.3 | -0.67 | 0.89 | CMI | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Xinjiang Pink Sheet performing well and Xinjiang Goldwind 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 Xinjiang Goldwind'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SIELY | 4.98 | 0.73 | 0.16 | 0.23 | 3.56 | 12.94 | 74.25 | |||
| WEICY | 1.98 | (0.12) | 0.00 | 2.43 | 0.00 | 3.25 | 15.44 | |||
| WEICF | 0.92 | (0.05) | 0.00 | 0.18 | 0.00 | 0.00 | 22.36 | |||
| AMSC | 4.50 | 0.48 | 0.17 | 0.26 | 4.04 | 13.41 | 33.53 | |||
| CMI | 1.08 | 0.18 | 0.20 | 0.29 | 0.72 | 2.82 | 9.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Xinjiang Goldwind 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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Xinjiang Goldwind Corporate Management
| Guo Zimo | Company Mang | Profile | |
| Endi Zhai | Chief Engineer | Profile | |
| Min Lu | Director Supervisor | Profile | |
| John Titchen | Managing Australia | Profile | |
| Jrgen Rinck | Chief Vensys | Profile |