Shenzhen Sunlord Correlations

Stocks . China . 
Stock . Shenzhen Sunlord Electronics
002138 Stock   32.75  0.21  0.65%   
The current 90-days correlation between Shenzhen Sunlord Ele and Industrial and Commercial is 0.18 (i.e., Average diversification). The correlation of Shenzhen Sunlord 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.

Shenzhen Sunlord Correlation With Market

Significant diversification

The correlation between Shenzhen Sunlord Electronics 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 Shenzhen Sunlord Electronics and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Shenzhen Sunlord could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shenzhen Sunlord 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 Shenzhen Sunlord - 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 Shenzhen Sunlord Electronics to buy it.

Moving together with Shenzhen Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Shenzhen Stock performing well and Shenzhen Sunlord 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 Shenzhen Sunlord'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  1.09  0.25  0.18  3.08  1.01 
(1.43)
 2.83 
(1.71)
 8.14 
601939  1.11  0.26  0.16  1.80  1.16 
(1.32)
 3.32 
(1.93)
 8.64 
601288  1.02  0.18  0.11  1.44  1.25 
(1.11)
 2.20 
(1.89)
 7.78 
601988  1.00  0.19  0.14  1.27  0.97 
(1.27)
 2.67 
(1.98)
 7.70 
601857  1.28  0.12  0.05 (4.50) 1.83 
(1.59)
 3.55 
(2.03)
 17.17 
600036  1.56  0.37  0.17 (3.67) 1.76 
(1.79)
 4.65 
(2.56)
 13.83 
600938  1.38  0.17  0.07 (1.78) 1.90 
(1.47)
 3.25 
(2.13)
 16.49 
600941  1.05  0.17  0.14 (8.04) 0.96 
(1.37)
 3.09 
(2.04)
 8.38 
601328  1.31  0.21  0.13  4.52  1.24 
(1.56)
 3.26 
(2.12)
 10.82 
601658  1.34  0.28  0.15  1.71  1.32 
(1.62)
 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 Shenzhen Sunlord 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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Shenzhen Sunlord Corporate Management

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