Yue Da Correlations
| YDAB Stock | EUR 0.02 0.0005 3.33% |
The current 90-days correlation between Yue Da International and Corporate Office Properties is 0.03 (i.e., Significant diversification). The correlation of Yue Da 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.
Yue Da Correlation With Market
Very good diversification
The correlation between Yue Da International and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yue Da International and DJI in the same portfolio, assuming nothing else is changed.
Yue |
The ability to find closely correlated positions to Yue Da could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yue Da 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 Yue Da - 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 Yue Da International to buy it.
Moving together with Yue Stock
Moving against Yue Stock
| 0.68 | E908 | Lyxor 1 | PairCorr |
| 0.64 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.51 | 8GCA | Glencore plc | PairCorr |
| 0.5 | RIOA | Rio Tinto Group | PairCorr |
| 0.49 | NGLB | Anglo American plc | PairCorr |
| 0.46 | BHP | BHP Group Limited | PairCorr |
| 0.46 | 8GC | Glencore PLC | PairCorr |
| 0.46 | EK7 | AGRICUL BK CHINA | PairCorr |
| 0.45 | NGLD | ANGLO AMERICAN SPADR | PairCorr |
| 0.44 | 27J | Impinj Inc | PairCorr |
| 0.43 | RIO1 | Rio Tinto Group | PairCorr |
| 0.42 | 27J | Impinj Inc | PairCorr |
| 0.35 | CVLB | Vale SA | PairCorr |
| 0.32 | CVLC | Vale SA | PairCorr |
Related Correlations Analysis
| 0.62 | -0.5 | -0.3 | 0.79 | 0.65 | WX7 | ||
| 0.62 | -0.13 | 0.04 | 0.54 | 0.38 | 719 | ||
| -0.5 | -0.13 | 0.19 | -0.3 | -0.26 | TJW | ||
| -0.3 | 0.04 | 0.19 | -0.26 | -0.51 | Z56 | ||
| 0.79 | 0.54 | -0.3 | -0.26 | 0.89 | BO5 | ||
| 0.65 | 0.38 | -0.26 | -0.51 | 0.89 | M8G | ||
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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 Yue Stock performing well and Yue Da 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 Yue Da'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WX7 | 0.95 | 0.24 | 0.11 | 1.15 | 0.87 | 2.08 | 5.53 | |||
| 719 | 2.19 | 0.14 | 0.00 | (0.33) | 2.41 | 3.08 | 29.13 | |||
| TJW | 1.66 | (0.14) | 0.00 | (0.27) | 0.00 | 2.62 | 15.34 | |||
| Z56 | 1.30 | (0.18) | 0.00 | (0.26) | 0.00 | 3.85 | 20.19 | |||
| BO5 | 1.41 | 0.42 | 0.17 | (5.70) | 1.04 | 3.13 | 14.17 | |||
| M8G | 2.55 | 0.48 | 0.12 | 22.36 | 2.56 | 5.74 | 15.99 |
Be your own money manager
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Yue Da Corporate Management
Elected by the shareholders, the Yue Da's board of directors comprises two types of representatives: Yue Da inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yue. The board's role is to monitor Yue Da's management team and ensure that shareholders' interests are well served. Yue Da's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Yue Da's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Zhaoxiang Bai | VP Director | Profile | |
| Man Cheng | Joint Sec | Profile | |
| Mingfeng Pan | Ex Director | Profile | |
| Mun Wong | Chief Exec | Profile |