CNPC Capital Correlations
| 000617 Stock | 7.55 0.05 0.66% |
The current 90-days correlation between CNPC Capital and DO Home Collection is 0.46 (i.e., Very weak diversification). The correlation of CNPC Capital 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.
CNPC Capital Correlation With Market
Significant diversification
The correlation between CNPC Capital Co and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CNPC Capital Co and DJI in the same portfolio, assuming nothing else is changed.
CNPC |
The ability to find closely correlated positions to CNPC Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CNPC Capital 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 CNPC Capital - 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 CNPC Capital Co to buy it.
Moving together with CNPC Stock
| 0.63 | 002303 | Shenzhen MYS Environ | PairCorr |
| 0.78 | 000937 | Jizhong Energy Resources | PairCorr |
| 0.8 | 200012 | CSG Holding | PairCorr |
| 0.81 | 605377 | Hangzhou Huawang New | PairCorr |
| 0.85 | 200625 | Chongqing Changan | PairCorr |
| 0.84 | 002371 | NAURA Technology | PairCorr |
Moving against CNPC Stock
| 0.69 | 180401 | Penghua Shenzhen Energy | PairCorr |
| 0.39 | 605368 | Henan Lantian Gas | PairCorr |
| 0.33 | 508028 | China Fund Management | PairCorr |
Related Correlations Analysis
| 0.92 | 0.86 | 0.97 | 0.98 | 0.95 | 0.92 | 002798 | ||
| 0.92 | 0.71 | 0.91 | 0.95 | 0.88 | 0.77 | 603226 | ||
| 0.86 | 0.71 | 0.8 | 0.83 | 0.77 | 0.82 | 002935 | ||
| 0.97 | 0.91 | 0.8 | 0.96 | 0.95 | 0.85 | 603818 | ||
| 0.98 | 0.95 | 0.83 | 0.96 | 0.96 | 0.88 | 603709 | ||
| 0.95 | 0.88 | 0.77 | 0.95 | 0.96 | 0.93 | 605299 | ||
| 0.92 | 0.77 | 0.82 | 0.85 | 0.88 | 0.93 | 603326 | ||
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Risk-Adjusted Indicators
There is a big difference between CNPC Stock performing well and CNPC Capital 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 CNPC Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 002798 | 2.49 | 0.69 | 0.17 | (1.92) | 2.67 | 4.83 | 17.50 | |||
| 603226 | 2.41 | 0.93 | 0.25 | (1.45) | 2.36 | 6.13 | 17.25 | |||
| 002935 | 2.54 | 0.75 | 0.18 | 57.45 | 2.86 | 7.09 | 17.43 | |||
| 603818 | 2.99 | 0.80 | 0.20 | 7.59 | 2.81 | 7.37 | 20.01 | |||
| 603709 | 2.05 | 0.54 | 0.14 | (9.13) | 2.56 | 4.59 | 17.40 | |||
| 605299 | 1.81 | 0.42 | 0.11 | (3.77) | 2.23 | 3.48 | 17.57 | |||
| 603326 | 1.92 | 0.47 | 0.13 | 5.97 | 2.31 | 4.42 | 20.06 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CNPC Capital 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?
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CNPC Capital Corporate Executives
Elected by the shareholders, the CNPC Capital's board of directors comprises two types of representatives: CNPC Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CNPC. The board's role is to monitor CNPC Capital's management team and ensure that shareholders' interests are well served. CNPC Capital'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, CNPC Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.