BOE Technology Correlations

Stocks . China . 
Stock . BOE Technology Group
000725 Stock   4.40  0.04  0.92%   
The current 90-days correlation between BOE Technology Group and China Merchants Bank is 0.54 (i.e., Very weak diversification). The correlation of BOE Technology 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.

BOE Technology Correlation With Market

Good diversification

The correlation between BOE Technology Group and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BOE Technology Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to BOE Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BOE Technology 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 BOE Technology - 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 BOE Technology Group to buy it.

Moving together with BOE Stock

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  0.69000980 Zotye AutomobilePairCorr
  0.69300825 Iat Automobile TechnologyPairCorr
  0.87600633 Zhejiang Daily MediaPairCorr
  0.61601929 JiShi MediaPairCorr
  0.67600455 ButOne Information CorpPairCorr
  0.62000639 Xiwang FoodstuffsPairCorr
  0.71600515 Hainan HNA InfrastructurePairCorr
  0.68002946 New Hope DairyPairCorr
  0.63000506 Zhongrun ResourcesPairCorr
  0.68301390 Hangzhou Gisway InfoPairCorr
  0.66603818 Qumei Furniture GroupPairCorr
  0.7000428 Huatian Hotel GroupPairCorr
  0.71603313 HealthcarePairCorr
  0.63600755 Xiamen ITG GroupPairCorr
  0.87000661 Changchun High NewPairCorr
  0.79688325 Guangdong CellwisePairCorr
  0.7688047 Loongson Technology CorpPairCorr
  0.73688507 Shanghai Suochen InfPairCorr
  0.91600498 Fiberhome TelecommunicatioPairCorr
  0.64688082 ACM Research ShanghaiPairCorr
  0.69600719 Dalian Thermal PowerPairCorr
  0.88002074 Gotion High techPairCorr
  0.82000560 5I5j Holding GroupPairCorr
  0.79605128 Shanghai Yanpu MetalPairCorr
  0.87688119 Sinosteel Luonai MatPairCorr
  0.9301379 Techshine ElectronicsPairCorr
  0.82300815 Eit EnvironmentalPairCorr
  0.83600335 Sinomach AutomobilePairCorr
  0.81300359 Qtone Education GroupPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between BOE Stock performing well and BOE Technology 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 BOE Technology'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  1.14  0.30  0.21  2.87  1.01 
(1.49)
 2.83 
(1.71)
 8.14 
601939  1.14  0.31  0.18  1.75  1.15 
(1.37)
 3.32 
(1.93)
 8.64 
601288  1.06  0.25  0.14  1.64  1.12 
(1.18)
 2.98 
(1.89)
 7.78 
601988  1.02  0.25  0.18  1.43  0.93 
(1.29)
 2.67 
(1.98)
 7.70 
601857  1.32  0.21  0.08  7.11  1.80 
(1.67)
 3.55 
(2.01)
 17.17 
600036  1.59  0.39  0.17 (6.71) 1.72 
(1.84)
 4.65 
(2.56)
 13.83 
600938  1.40  0.19  0.07 (2.66) 1.89 
(1.51)
 3.83 
(2.13)
 16.49 
600941  1.07  0.21  0.16 (79.70) 0.94 
(1.38)
 3.09 
(2.04)
 8.38 
601328  1.34  0.27  0.16  4.25  1.22 
(1.60)
 3.26 
(2.12)
 10.82 
601658  1.39  0.32  0.17  1.81  1.31 
(1.70)
 3.49 
(2.23)
 9.13 

Be your own money manager

Our tools can tell you how much better you can do entering a position in BOE Technology 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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BOE Technology Corporate Executives

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