Yanzhou Coal Correlations

Stocks . Germany . 
Stock . Yanzhou Coal Mining
YZC Stock  EUR 9.75  0.05  0.52%   
The current 90-days correlation between Yanzhou Coal Mining and ANGANG STEEL H is 0.38 (i.e., Weak diversification). The correlation of Yanzhou Coal 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.

Yanzhou Coal Correlation With Market

Significant diversification

The correlation between Yanzhou Coal Mining and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yanzhou Coal Mining and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Yanzhou Coal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yanzhou Coal 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 Yanzhou Coal - 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 Yanzhou Coal Mining to buy it.

Moving together with Yanzhou Stock

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  0.92YZCA Yanzhou Coal MiningPairCorr
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Moving against Yanzhou Stock

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  0.85VOW3 Volkswagen AGPairCorr
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  0.79PJFB PICO FAR EASTPairCorr
  0.787TG TRISTAR GOLDPairCorr
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Related Correlations Analysis

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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   
BH5
+ 0.67
KST
BH5
+ 0.53
B7O
B7O
+ 0.48
KST
TEO
+ 0.38
HU6
KST
+ 0.34
GNV
BH5
+ 0.34
GNV
  
High negative correlations   
TEO
- 0.69
KST
HU6
- 0.55
KST
BH5
- 0.51
TEO
BH5
- 0.43
HU6
B7O
- 0.33
TEO
B7O
- 0.31
HU6

Risk-Adjusted Indicators

There is a big difference between Yanzhou Stock performing well and Yanzhou Coal 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 Yanzhou Coal'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Yanzhou Coal 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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Yanzhou Coal Corporate Management

Elected by the shareholders, the Yanzhou Coal's board of directors comprises two types of representatives: Yanzhou Coal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yanzhou. The board's role is to monitor Yanzhou Coal's management team and ensure that shareholders' interests are well served. Yanzhou Coal'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, Yanzhou Coal's outside directors are responsible for providing unbiased perspectives on the board's policies.
Junpeng MaChief EngineerProfile
Jian XuHead DepartmentProfile
Chuanchang ZhangDeputy MangProfile
Wei LiChairman GMProfile
Dan KangChief OfficerProfile
Qingchun EMBACFO DirectorProfile
Jian LiuMD DirectorProfile
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