Xiamen Insight Correlations

000526 Stock

43.49 0.25 0.58%

The current 90-days correlation between Xiamen Insight Investment and PetroChina Co Ltd is 0.34 (i.e., Weak diversification). The correlation of Xiamen Insight 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.

Xiamen Insight Correlation With Market

Significant diversification

The correlation between Xiamen Insight Investment and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xiamen Insight Investment and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Xiamen Insight could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xiamen Insight 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 Xiamen Insight - 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 Xiamen Insight Investment to buy it.

Moving against Xiamen Stock

0.62	002289	Success Electronics	Pair Corr
0.55	000637	Maoming Petro Chemical	Pair Corr
0.54	000036	China Union Holdings	Pair Corr
0.53	002119	Ningbo Kangqiang Ele	Pair Corr
0.52	300132	Fujian Green Pine	Pair Corr
0.52	600170	Shanghai Construction	Pair Corr
0.51	601211	Guotai Junan Securities	Pair Corr
0.5	600984	Shaanxi Construction	Pair Corr
0.49	300942	Shenzhen Bioeasy Bio	Pair Corr
0.46	000678	Xiangyang Automobile	Pair Corr
0.44	600198	Datang Telecom Technology	Pair Corr
0.4	300322	Huizhou Speed Wireless	Pair Corr
0.38	002219	Hengkang Medical	Pair Corr
0.32	301123	YiDong Electronics	Pair Corr
0.65	002336	Renrenle Commercial	Pair Corr
0.64	600599	Panda Financial Holding	Pair Corr
0.63	600666	Aurora Optoelectronics	Pair Corr
0.62	600186	Lotus Health Group	Pair Corr
0.6	600839	Sichuan Changhong	Pair Corr
0.58	688518	Shenzhen United Winners	Pair Corr
0.54	600637	Shanghai Oriental Pearl	Pair Corr
0.51	300629	King Strong New	Pair Corr
0.5	000900	Xiandai Investment	Pair Corr
0.49	000548	Hunan Investment	Pair Corr

Related Correlations Analysis

	601857	600941	600938	601318	600028	601728	601668	600519	601088	601628
601857		0.68	0.94	0.33	0.83	0.52	0.36	0.49	0.76	0.25	601857
600941	0.68		0.59	0.03	0.51	0.81	0.16	0.24	0.69	0.03	600941
600938	0.94	0.59		0.34	0.84	0.36	0.35	0.4	0.65	0.18	600938
601318	0.33	0.03	0.34		0.01	0.27	0.93	0.86	0.23	0.93	601318
600028	0.83	0.51	0.84	0.01		0.17	0.05	0.23	0.61	-0.08	600028
601728	0.52	0.81	0.36	0.27	0.17		0.42	0.4	0.61	0.35	601728
601668	0.36	0.16	0.35	0.93	0.05	0.42		0.81	0.35	0.87	601668
600519	0.49	0.24	0.4	0.86	0.23	0.4	0.81		0.41	0.83	600519
601088	0.76	0.69	0.65	0.23	0.61	0.61	0.35	0.41		0.16	601088
601628	0.25	0.03	0.18	0.93	-0.08	0.35	0.87	0.83	0.16		601628
	601857	600941	600938	601318	600028	601728	601668	600519	601088	601628

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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

600938	+ 0.94	601857
601668	+ 0.93	601318
601628	+ 0.93	601318
601628	+ 0.87	601668
600519	+ 0.86	601318
600028	+ 0.84	600938

High negative correlations

601628

- 0.08

600028

Risk-Adjusted Indicators

There is a big difference between Xiamen Stock performing well and Xiamen Insight 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 Xiamen Insight'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
601857	1.34	0.21	0.08	11.37	1.80	(1.75)	3.55	(2.01)	17.17
600941	1.07	0.21	0.15	(9.05)	0.95	(1.38)	3.09	(2.04)	8.38
600938	1.40	0.17	0.06	(3.20)	1.87	(1.53)	3.83	(2.13)	16.49
601318	1.79	0.31	0.12	0.95	1.94	(2.21)	5.83	(2.88)	19.77
600028	1.18	0.08	0.03	0.74	1.58	(1.31)	2.51	(1.89)	10.77
601728	1.42	0.31	0.15	1.24	1.56	(1.59)	3.49	(2.45)	11.12
601668	1.86	0.33	0.11	0.99	2.16	(2.03)	5.25	(3.67)	15.78
600519	1.62	0.30	0.14	1.03	1.57	(2.01)	6.55	(2.41)	16.71
601088	1.55	0.17	0.07	9.10	1.57	(1.77)	4.28	(2.66)	10.24
601628	2.11	0.32	0.10	0.84	2.55	(2.26)	6.42	(3.94)	20.00

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Our tools can tell you how much better you can do entering a position in Xiamen Insight 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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Xiamen Insight Corporate Management

Elected by the shareholders, the Xiamen Insight's board of directors comprises two types of representatives: Xiamen Insight inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Xiamen. The board's role is to monitor Xiamen Insight's management team and ensure that shareholders' interests are well served. Xiamen Insight'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, Xiamen Insight's outside directors are responsible for providing unbiased perspectives on the board's policies.

Zhiyong Cui	Board Secretary	Profile
Tao Shao	Deputy Manager	Profile
Zhang Lei	Financial Manager	Profile
Yuexia Diao	Deputy Mang	Profile

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