Zhejiang Expressway Correlations
| ZHEXF Stock | USD 0.65 0.03 4.41% |
The current 90-days correlation between Zhejiang Expressway and Verra Mobility Corp is -0.08 (i.e., Good diversification). The correlation of Zhejiang Expressway 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.
Zhejiang Expressway Correlation With Market
Good diversification
The correlation between Zhejiang Expressway Co 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 Zhejiang Expressway Co and DJI in the same portfolio, assuming nothing else is changed.
Zhejiang |
The ability to find closely correlated positions to Zhejiang Expressway could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhejiang Expressway 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 Zhejiang Expressway - 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 Zhejiang Expressway Co to buy it.
Moving together with Zhejiang Pink Sheet
| 0.68 | FRRVF | Ferrovial | PairCorr |
| 0.61 | JEXYF | Jiangsu Expressway | PairCorr |
| 0.62 | MRVL | Marvell Technology Earnings Call Today | PairCorr |
| 0.78 | SRRK | Scholar Rock Holding Trending | PairCorr |
| 0.61 | BSTZ | BlackRock Science | PairCorr |
| 0.69 | BLTE | Belite Bio ADR | PairCorr |
Moving against Zhejiang Pink Sheet
| 0.57 | TRAUF | Transurban Group | PairCorr |
| 0.56 | QLGN | Qualigen Therapeutics | PairCorr |
| 0.54 | VRRM | Verra Mobility Corp | PairCorr |
| 0.39 | FRRVY | Ferrovial SA | PairCorr |
| 0.39 | MULN | Mullen Automotive | PairCorr |
| 0.37 | AHT | Ashford Hospitality Trust | PairCorr |
| 0.7 | SGD | Safe and Green | PairCorr |
| 0.49 | 458140AK6 | INTEL P 48 | PairCorr |
| 0.47 | 458140BN9 | INTEL PORATION | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Zhejiang Pink Sheet performing well and Zhejiang Expressway 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 Zhejiang Expressway'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VRRM | 1.27 | (0.31) | 0.00 | (0.30) | 0.00 | 2.49 | 14.00 | |||
| 444859BR2 | 1.35 | (0.09) | 0.00 | (0.14) | 0.00 | 5.93 | 16.62 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRRAY | 1.27 | (0.13) | 0.00 | 0.01 | 0.00 | 0.00 | 34.02 | |||
| MSTSX | 0.49 | (0.04) | (0.13) | 0.06 | 0.52 | 1.21 | 2.80 | |||
| LBHIX | 0.11 | 0.01 | (0.42) | 0.38 | 0.00 | 0.24 | 0.96 | |||
| ABHYX | 0.17 | 0.00 | (0.24) | 0.19 | 0.25 | 0.34 | 1.91 | |||
| SCAXF | 0.70 | (0.41) | 0.00 | (0.98) | 0.00 | 0.00 | 23.47 | |||
| VIASP | 0.74 | 0.07 | (0.04) | (2.04) | 1.13 | 2.28 | 7.18 | |||
| AAEVX | 0.48 | 0.05 | (0.10) | (2.13) | 0.54 | 0.93 | 2.76 |
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Zhejiang Expressway Corporate Management
| Yingjie Yuan | GM Director | Profile | |
| Liya Ruan | Chief Officer | Profile | |
| Ma Ting | Chairman Union | Profile | |
| Yubing Wang | Employee Department | Profile | |
| Hui Zheng | Deputy Sec | Profile | |
| Xiangyang Wu | Deputy Mang | Profile | |
| Xiuhua Zhang | Deputy General Manager | Profile |