ZTE Corp Correlations

Stocks . China . 
Stock . ZTE Corp
000063 Stock   37.38  0.42  1.11%   
The current 90-days correlation between ZTE Corp and Industrial Bank Co is 0.37 (i.e., Weak diversification). The correlation of ZTE Corp 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.

ZTE Corp Correlation With Market

Good diversification

The correlation between ZTE Corp 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 ZTE Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ZTE Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZTE Corp 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 ZTE Corp - 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 ZTE Corp to buy it.

Moving together with ZTE Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between ZTE Stock performing well and ZTE Corp 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 ZTE Corp'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
601398  1.09  0.25  0.18  3.08  1.01 
(1.43)
 2.83 
(1.71)
 8.14 
601939  1.11  0.26  0.16  1.80  1.16 
(1.32)
 3.32 
(1.93)
 8.64 
601988  1.00  0.19  0.14  1.27  0.97 
(1.27)
 2.67 
(1.98)
 7.70 
601288  1.02  0.18  0.11  1.44  1.25 
(1.11)
 2.20 
(1.89)
 7.78 
601857  1.28  0.12  0.05 (4.50) 1.83 
(1.59)
 3.55 
(2.03)
 17.17 
600941  1.05  0.17  0.14 (8.04) 0.96 
(1.37)
 3.09 
(2.04)
 8.38 
601318  1.80  0.35  0.14  1.10  1.95 
(2.18)
 5.83 
(2.88)
 19.77 
600036  1.56  0.37  0.17 (3.67) 1.76 
(1.79)
 4.65 
(2.56)
 13.83 
601166  1.38  0.25  0.12  1.73  1.50 
(1.52)
 3.84 
(2.41)
 12.07 
600938  1.38  0.17  0.07 (1.78) 1.90 
(1.47)
 3.25 
(2.13)
 16.49 

Be your own money manager

Our tools can tell you how much better you can do entering a position in ZTE Corp 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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ZTE Corp Corporate Executives

Elected by the shareholders, the ZTE Corp's board of directors comprises two types of representatives: ZTE Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ZTE. The board's role is to monitor ZTE Corp's management team and ensure that shareholders' interests are well served. ZTE Corp'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, ZTE Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ying LiExecutive CFOProfile
Junshi XieExecutive COOProfile
Xiyu WangCTO VPProfile
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