Jiaozuo Wanfang Correlations

000612 Stock

6.86 0.07 1.03%

The current 90-days correlation between Jiaozuo Wanfang Aluminum and By health is 0.59 (i.e., Very weak diversification). The correlation of Jiaozuo Wanfang 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.

Jiaozuo Wanfang Correlation With Market

Good diversification

The correlation between Jiaozuo Wanfang Aluminum 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 Jiaozuo Wanfang Aluminum and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Jiaozuo Stock

0.68	601899	Zijin Mining Group	Pair Corr
0.63	600309	Wanhua Chemical Group	Pair Corr
0.89	600019	Baoshan Iron Steel	Pair Corr
0.84	002493	Rongsheng Petrochemical	Pair Corr
0.83	600010	Inner Mongolia BaoTou	Pair Corr
0.72	002460	Jiangxi Ganfeng Lithium	Pair Corr
0.85	603260	Hoshine Silicon Ind	Pair Corr
0.91	600160	Zhejiang Juhua	Pair Corr
0.95	000807	Yunnan Aluminium	Pair Corr
0.87	601668	China State Construction	Pair Corr
0.95	600048	Poly Real Estate	Pair Corr
0.93	000002	China Vanke	Pair Corr
0.94	600325	Huafa Industrial	Pair Corr
0.89	601995	China International	Pair Corr
0.8	600519	Kweichow Moutai	Pair Corr
0.89	300750	Contemporary Amperex	Pair Corr
0.75	600340	China Fortune Land	Pair Corr

Related Correlations Analysis

	300146	301408	000558	000788	002627	605299	603357	601188
300146		0.84	0.75	0.81	0.83	0.74	0.84	0.78	300146
301408	0.84		0.91	0.93	0.9	0.85	0.93	0.92	301408
000558	0.75	0.91		0.97	0.93	0.84	0.94	0.93	000558
000788	0.81	0.93	0.97		0.96	0.9	0.97	0.95	000788
002627	0.83	0.9	0.93	0.96		0.9	0.96	0.96	002627
605299	0.74	0.85	0.84	0.9	0.9		0.89	0.91	605299
603357	0.84	0.93	0.94	0.97	0.96	0.89		0.97	603357
601188	0.78	0.92	0.93	0.95	0.96	0.91	0.97		601188
	300146	301408	000558	000788	002627	605299	603357	601188

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Jiaozuo Stock performing well and Jiaozuo Wanfang 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 Jiaozuo Wanfang'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
300146	2.14	0.29	0.07	2.44	2.66	(2.67)	5.72	(3.85)	27.56
301408	2.84	0.39	0.07	12.89	3.49	(2.97)	7.85	(5.13)	28.14
000558	2.40	0.61	0.15	(3.55)	2.78	(2.78)	6.08	(4.24)	18.29
000788	1.91	0.41	0.08	(0.84)	2.66	(1.94)	3.45	(3.89)	16.37
002627	1.36	0.22	0.07	0.77	1.77	(1.62)	3.32	(1.78)	17.12
605299	1.79	0.37	0.09	(0.87)	2.15	(2.01)	3.48	(2.57)	17.57
603357	1.82	0.39	0.10	18.08	2.19	(1.87)	4.07	(3.06)	16.77
601188	1.79	0.44	0.12	18.49	2.10	(2.08)	3.34	(3.08)	18.72

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jiaozuo Wanfang 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.

Did you try this?

Run Portfolio Rebalancing Now

Portfolio Rebalancing

Analyze risk-adjusted returns against different time horizons to find asset-allocation targets

All Next

Launch Module

Jiaozuo Wanfang Corporate Management

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

Kaili Wang	Accounting Supervisor	Profile
Yongding Wu	Secretary GM	Profile
Shaopeng Wang	Deputy Manager	Profile
Haibin Si	Deputy Manager	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC