Bohai Leasing Correlations

Stocks . China . 
Stock . Bohai Leasing Co
000415 Stock   3.94  0.01  0.25%   
The current 90-days correlation between Bohai Leasing and Jiangsu Financial Leasing is 0.4 (i.e., Very weak diversification). The correlation of Bohai Leasing 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.

Bohai Leasing Correlation With Market

Good diversification

The correlation between Bohai Leasing Co and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bohai Leasing Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Bohai Leasing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bohai Leasing 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 Bohai Leasing - 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 Bohai Leasing Co to buy it.

Moving together with Bohai Stock

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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   
000609
+ 0.83
600599
000598
+ 0.79
600901
600784
+ 0.75
600599
000609
+ 0.74
600784
601658
+ 0.67
600901
601658
+ 0.65
000598
  
High negative correlations   
600599
- 0.1
600901
000609
- 0.06
601658
600599
- 0.03
000598

Risk-Adjusted Indicators

There is a big difference between Bohai Stock performing well and Bohai Leasing 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 Bohai Leasing'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 Bohai Leasing 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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Bohai Leasing Corporate Management

Elected by the shareholders, the Bohai Leasing's board of directors comprises two types of representatives: Bohai Leasing inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bohai. The board's role is to monitor Bohai Leasing's management team and ensure that shareholders' interests are well served. Bohai Leasing'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, Bohai Leasing's outside directors are responsible for providing unbiased perspectives on the board's policies.
Peng PengChief OfficerProfile
Li ChenChief OfficerProfile
Chuan ZhouFinancial ControllerProfile
Wang WeiBoard SecretaryProfile
Wang FengChief OfficerProfile
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