Beijing Bewinner Correlations

002148 Stock

6.48 0.31 4.57%

The current 90-days correlation between Beijing Bewinner Com and Biwin Storage Technology is 0.01 (i.e., Significant diversification). The correlation of Beijing Bewinner 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.

Beijing Bewinner Correlation With Market

Significant diversification

The correlation between Beijing Bewinner Communication and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beijing Bewinner Communication and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Beijing Stock

0.63	002119	Ningbo Kangqiang Ele	Pair Corr
0.71	002289	Success Electronics	Pair Corr
0.67	605266	Yunnan Jianzhijia	Pair Corr
0.75	600170	Shanghai Construction	Pair Corr
0.72	002219	Hengkang Medical	Pair Corr
0.8	600186	Lotus Health Group	Pair Corr
0.81	300132	Fujian Green Pine	Pair Corr
0.62	600130	Ningbo Bird	Pair Corr
0.7	000900	Xiandai Investment	Pair Corr
0.74	000678	Xiangyang Automobile	Pair Corr
0.81	600666	Aurora Optoelectronics	Pair Corr
0.62	301139	Wintao Communications	Pair Corr
0.81	603818	Qumei Furniture Group	Pair Corr
0.67	300629	King Strong New	Pair Corr
0.88	002336	Renrenle Commercial	Pair Corr
0.69	300942	Shenzhen Bioeasy Bio	Pair Corr
0.67	600637	Shanghai Oriental Pearl	Pair Corr
0.82	600255	Xinke Material	Pair Corr
0.88	300898	Panda Dairy Corp	Pair Corr
0.63	000988	Huagong Tech	Pair Corr
0.76	688484	Southchip Semiconductor	Pair Corr
0.74	000548	Hunan Investment	Pair Corr
0.81	600138	China CYTS Tours	Pair Corr
0.71	002146	Risesun Real Estate	Pair Corr

Related Correlations Analysis

	688525	601857	601398	601939	600028	601288	601988	600941	600036	601318
688525		0.44	0.5	0.64	0.01	0.36	0.37	0.35	0.89	0.86	688525
601857	0.44		0.6	0.6	0.82	0.59	0.56	0.67	0.54	0.4	601857
601398	0.5	0.6		0.96	0.3	0.96	0.97	0.88	0.62	0.31	601398
601939	0.64	0.6	0.96		0.23	0.93	0.92	0.79	0.76	0.48	601939
600028	0.01	0.82	0.3	0.23		0.34	0.31	0.5	0.1	0.03	600028
601288	0.36	0.59	0.96	0.93	0.34		0.97	0.84	0.52	0.19	601288
601988	0.37	0.56	0.97	0.92	0.31	0.97		0.89	0.5	0.18	601988
600941	0.35	0.67	0.88	0.79	0.5	0.84	0.89		0.38	0.1	600941
600036	0.89	0.54	0.62	0.76	0.1	0.52	0.5	0.38		0.92	600036
601318	0.86	0.4	0.31	0.48	0.03	0.19	0.18	0.1	0.92		601318
	688525	601857	601398	601939	600028	601288	601988	600941	600036	601318

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Risk-Adjusted Indicators

There is a big difference between Beijing Stock performing well and Beijing Bewinner 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 Beijing Bewinner'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
688525	3.73	0.88	0.25	(16.69)	3.03	(4.79)	8.32	(5.23)	28.33
601857	1.33	0.21	0.09	0.66	1.80	(1.69)	3.55	(2.01)	17.17
601398	1.14	0.30	0.22	2.63	1.00	(1.49)	2.83	(1.71)	8.14
601939	1.14	0.31	0.18	5.46	1.16	(1.35)	3.32	(1.93)	8.64
600028	1.18	0.08	0.03	0.29	1.57	(1.31)	2.51	(1.89)	10.77
601288	1.05	0.25	0.14	1.96	1.12	(1.17)	2.98	(1.89)	7.78
601988	1.02	0.26	0.18	5.26	0.93	(1.28)	2.67	(1.98)	7.70
600941	1.07	0.20	0.16	1.36	0.94	(1.38)	3.09	(2.04)	8.38
600036	1.57	0.37	0.16	1.83	1.76	(1.81)	4.65	(2.56)	13.83
601318	1.79	0.34	0.13	4.77	1.95	(2.17)	5.83	(2.88)	19.77

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Our tools can tell you how much better you can do entering a position in Beijing Bewinner 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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