Compare Jinhui to Shanghai, Impulse, JCHX, PKU, Air, Shandong

Comparing Jinhui to Shanghai, Impulse, JCHX, PKU, Air, Shandong can provide valuable insights into potential diversification opportunities when combining these positions into a portfolio. By using this module, you can analyze the advantages of specified entities, assessing both technical and fundamental indicators across various peers. Please use the input box below to enter the symbols for specific investments you'd like to analyze. Check out your portfolio center.

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Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between positions in your portfolio represents the degree of relationship between the price movements of corresponding instruments. A correlation of about +1.0 implies that the prices move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated.

	603132	603579	002899	603979	000788	601111	603182
603132		0.65	0.51	0.45	0.7	0.53	0.68	603132
603579	0.65		0.9	0.09	0.92	0.9	0.95	603579
002899	0.51	0.9		-0.12	0.87	0.85	0.87	002899
603979	0.45	0.09	-0.12		-0.06	-0.06	0.01	603979
000788	0.7	0.92	0.87	-0.06		0.86	0.93	000788
601111	0.53	0.9	0.85	-0.06	0.86		0.91	601111
603182	0.68	0.95	0.87	0.01	0.93	0.91		603182
	603132	603579	002899	603979	000788	601111	603182

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

High positive correlations

603182	+ 0.95	603579
603182	+ 0.93	000788
000788	+ 0.92	603579
603182	+ 0.91	601111
002899	+ 0.9	603579
601111	+ 0.9	603579

High negative correlations

603979	- 0.12	002899
601111	- 0.06	603979
000788	- 0.06	603979

Risk-Adjusted Indicators

There is a big difference between a company's stock performing well and the company itself 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 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
603132	1.66	0.15	0.06	(1.12)	2.13	(1.81)	3.68	(3.53)	16.27
603579	1.93	0.44	0.15	(12.02)	2.56	(2.08)	4.35	(3.90)	17.61
002899	3.67	1.07	0.28	(5.28)	3.07	(4.49)	10.01	(6.60)	20.02
603979	2.24	0.14	0.03	(0.92)	3.06	(2.13)	6.06	(4.93)	18.40
000788	2.07	0.46	0.13	(0.60)	2.77	(2.10)	5.23	(4.43)	16.37
601111	1.78	0.31	0.13	38.11	1.87	(2.03)	5.35	(2.17)	13.48
603182	1.77	0.27	0.09	0.43	2.47	(1.82)	3.66	(3.71)	15.83

Cross Equities Net Income Analysis

Compare Jinhui Mining, Shanghai Rongtai Health, and Impulse Qingdao Health Net Income Over Time

	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
603132	161.3 M	161.3 M	161.3 M	161.3 M	161.3 M	161.3 M	161.3 M	161.3 M	161.3 M	161.3 M	362.4 M	462.9 M	469.9 M	343 M	395.9 M
603579	206.6 M	206.6 M	206.6 M	206.6 M	206.6 M	206.6 M	206.6 M	216.2 M	249.2 M	295.6 M	193 M	236.3 M	164.2 M	202.7 M	176.4 M
002899	60.9 M	60.9 M	60.9 M	60.9 M	74.3 M	76.2 M	85.2 M	83.2 M	62.7 M	50.6 M	39.6 M	17.4 M	65.7 M	88.2 M	51.2 M
603979	205 M	205 M	205 M	205 M	205 M	205 M	170.7 M	205.2 M	291.4 M	309.6 M	365.3 M	471 M	609.8 M	1 B	1.1 B
000788	4.7 M	115.2 M	76.2 M	78 M	25 M	25 M	12.6 M	34.3 M	45.2 M	50.2 M	39.2 M	43.1 M	56 M	44.4 M	54 M
601111	6.8 B	6.8 B	6.8 B	6.8 B	6.8 B	6.8 B	6.8 B	7.2 B	7.3 B	6.4 B	(14.4 B)	(16.6 B)	(38.6 B)	(1 B)	(1.1 B)
603182	74.1 M	74.1 M	74.1 M	74.1 M	74.1 M	74.1 M	74.1 M	74.1 M	74.1 M	74.1 M	74.1 M	79.1 M	114.4 M	110.1 M	103.9 M

Jinhui Mining, Shanghai Rongtai Health, and Impulse Qingdao Health Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in entities financial statement analysis. It represents the amount of money remaining after all of organizations operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	603132	603579	002899	603979	000788	601111	603182
	1.65 11.68 Jinhui	1.38 15.40 Shanghai	4.79 24.27 Impulse	0.78 38.00 JCHX	2.44 6.80 PKU	1.73 7.97 Air	1.55 12.43 Shandong
Market Volatility (90 Days Market Risk)	Not too volatile	Somewhat reliable	Somewhat reliable	Very steady	Slightly risky	Somewhat reliable	Not too volatile
Market Performance (90 Days Performance)	Modest	Good	Good	Very Weak	Good	Good	OK
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Very Small	Low	Below Average	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Buy	Strong Buy
Net Asset	5.64 B	3.38 B	2.29 B	13.63 B	2.44 B	335.3 B	1.28 B
Profit Margin	0.29 %	0.11 %	0.09 %	0.16 %	0.06 %	(0) %	0.07 %
EBITDA	789.91 M	240.11 M	142.64 M	2.73 B	218.89 M	12.71 B	165.1 M
Operating Margin	0.46 %	0.11 %	0.15 %	0.27 %	0.09 %	0.07 %	0.08 %
Current Valuation	13.26 B	2.73 B	3.53 B	24.77 B	3.71 B	333.13 B	1.81 B
Price To Book	3.65 X	1.41 X	2.13 X	2.82 X	2.64 X	3.43 X	1.96 X
Retained Earnings	378.16 M	1.17 B	435.5 M	4.09 B	570.49 M	(30.5 B)	427.66 M
Beta	0.71	0.69	0.52	0.69	0.33	0.63	0.89
Number Of Employees	1.3 K	1.1 K	1.51 K	11.22 K	797	102.87 K	852
Shares Outstanding	978 M	177.38 M	147.8 M	623.76 M	595.99 M	12.49 B	164.55 M
Cash Flow From Operations	757.97 M	344.29 M	260.02 M	1.08 B	121.84 M	35.42 B	37.34 M
Annual Yield	N/A	N/A	0 %	N/A	0 %	N/A	0.03 %
Total Debt	890.96 M	129.13 M	685.88 M	740.06 M	35.09 M	21.36 B	35 M
Return On Equity	0.14	0.0981	0.0707	0.18	0.0869	-0.0523	0.0987
Return On Asset	0.0632	0.0339	0.0251	0.0897	0.0492	-0.0017	0.0636
Book Value Per Share	3.20 X	11.09 X	11.48 X	13.49 X	2.58 X	2.44 X	6.33 X
Total Asset	5.64 B	3.38 B	2.29 B	13.63 B	2.44 B	335.3 B	1.28 B
Last Dividend Paid	1.37	0.77	0.071	0.2	0.076	N/A	0.4
Target Price	N/A	15.6	N/A	58.25	N/A	7.05	N/A
Shares Owned By Institutions	7.00 %	9.50 %	4.21 %	19.16 %	0.50 %	6.00 %	6.11 %
Market Capitalization	11.42 B	2.73 B	3.23 B	23.7 B	3.85 B	139.06 B	2.05 B
Price To Earnings To Growth	N/A	N/A	N/A	N/A	N/A	7.11 X	N/A
Price To Sales	7.37 X	1.53 X	2.85 X	2.66 X	2.11 X	0.87 X	1.28 X
Net Income	342.98 M	202.71 M	88.16 M	1.03 B	44.36 M	(1.05 B)	110.14 M
Earnings Per Share	0.46 X	1.06 X	0.77 X	2.19 X	0.22 X	(0.03) X	0.61 X
Shares Owned By Insiders	86.16 %	56.09 %	48.54 %	43.00 %	38.14 %	66.20 %	55.10 %
Revenue	1.28 B	1.86 B	895.32 M	7.4 B	2.19 B	141.1 B	1.69 B
Working Capital	(1.28 B)	1.56 B	452.08 M	3.49 B	1.08 B	(77.98 B)	580.1 M
Gross Profit	839.89 M	528.47 M	201.68 M	1.43 B	772.14 M	(29.92 B)	208.37 M
Day Typical Price	11.72	15.44	24.27	37.97	6.83	8.03	12.34
Accumulation Distribution	0.0327	0.0349	0.095	0.0209	0.0288	0.0233	0.0257
Market Facilitation Index	0.39	0.55	2.42	0.8	0.2	0.19	0.32
Daily Balance Of Power	0.4872	0.3818	0.4587	(0.38)	(0.85)	(0.74)	0.5938
Period Momentum Indicator	0.19	0.21	1.11	(0.30)	(0.17)	(0.14)	0.19
Rate Of Daily Change	1.02	1.01	1.05	0.99	0.98	0.98	1.02
Day Median Price	11.75	15.47	24.27	37.95	6.85	8.06	12.3
Price Action Indicator	0.03	0.04	0.55	(0.10)	(0.14)	(0.16)	0.22
Relative Strength Index	47.7	56.5	54.54	46.54	50.59	54.27	51.78
Coefficient Of Variation	1465.16	597.41	445.02	2232.36	641.44	759.84	842.87
Mean Deviation	1.66	1.93	3.67	2.24	2.07	1.78	1.77
Jensen Alpha	0.155	0.4443	1.07	0.1354	0.4615	0.3123	0.2744
Total Risk Alpha	0.0855	0.3676	0.9323	0.0433	0.3633	0.2439	0.2186
Sortino Ratio	0.0552	0.1477	0.2786	0.0328	0.1343	0.1339	0.0947
Downside Variance	5.52	8.13	14.05	11.27	9.91	4.7	7.95
Standard Deviation	2.37	2.71	4.79	3.17	2.92	2.45	2.52
Kurtosis	2.82	2.91	(0.13)	1.47	2.37	1.62	3.61
Potential Upside	3.68	4.35	10.01	6.06	5.23	5.35	3.66
Treynor Ratio	(1.12)	(12.02)	(5.28)	(0.92)	(0.60)	38.11	0.4316
Maximum Drawdown	16.27	17.61	20.02	18.4	16.37	13.48	15.83
Variance	5.63	7.34	22.95	10.08	8.52	6.01	6.36
Market Risk Adjusted Performance	(1.11)	(12.01)	(5.27)	(0.91)	(0.59)	38.12	0.4416
Risk Adjusted Performance	0.0607	0.1397	0.1864	0.043	0.1308	0.111	0.1009
Skewness	0.1098	(0.34)	0.3931	(0.03)	(0.0004)	0.2141	(0.67)
Semi Deviation	2.13	2.56	3.07	3.06	2.77	1.87	2.47
Information Ratio	0.0547	0.1555	0.218	0.0347	0.1449	0.1185	0.1059
Value At Risk	(3.53)	(3.90)	(6.60)	(4.93)	(4.43)	(2.17)	(3.71)
Expected Short fall	(1.81)	(2.08)	(4.49)	(2.13)	(2.10)	(2.03)	(1.82)
Downside Deviation	2.35	2.85	3.75	3.36	3.15	2.17	2.82
Semi Variance	4.55	6.55	9.4	9.36	7.68	3.49	6.11

Market Neutrality

One of the main advantages of trading using market-neutral strategies is that every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses.

Please note, the success of pairs trading depends heavily on the modeling and forecasting of the spread time series. However, in general, pair trading minimizes risk from directional movements in the market unless the strategy's equities are perfectly correlated. For example, if an entire industry or sector drops because of unexpected headlines, the first equity's short position will appreciate offsetting losses from the drop in the long position's value.

Five steps to successful analysis of competition

Competitive analysis is the process of researching and evaluating the competitive landscape of a business entity. It provides an understanding of the company's strengths, weaknesses, opportunities, and threats (SWOT) in relation to its competition. The competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors across the sector or industry, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact the competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Generate Optimal Portfolios

The classical approach to portfolio optimization is known as Modern Portfolio Theory (MPT). It involves categorizing the investment universe based on risk (standard deviation) and return, and then choosing the mix of investments that achieves the desired risk-versus-return tradeoff. Portfolio optimization can also be thought of as a risk-management strategy as every type of equity has a distinct return and risk characteristics as well as different systemic risks, which describes how they respond to the market at large. Macroaxis enables investors to optimize portfolios that have a mix of equities (such as stocks, funds, or ETFs) and cryptocurrencies (such as Bitcoin, Ethereum or Monero)

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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