Zhejiang Expressway Correlations

Pink Sheets . USA . 
Stock . Zhejiang Expressway Co
ZHEXF Stock  USD 0.65  0.00  0.00%   
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 -0.09 (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.
  
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

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Moving against Zhejiang Pink Sheet

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Related Correlations Analysis

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Our tools can tell you how much better you can do entering a position in Zhejiang Expressway 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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Zhejiang Expressway Corporate Management

Yingjie YuanGM DirectorProfile
Liya RuanChief OfficerProfile
Ma TingChairman UnionProfile
Yubing WangEmployee DepartmentProfile
Hui ZhengDeputy SecProfile
Xiangyang WuDeputy MangProfile
Xiuhua ZhangDeputy General ManagerProfile
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