Renrenle Commercial Correlations

Stocks . China . 
Stock . Renrenle Commercial Group
002336 Stock   6.33  0.30  4.98%   
The current 90-days correlation between Renrenle Commercial and Bank of China is 0.08 (i.e., Significant diversification). The correlation of Renrenle Commercial 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.

Renrenle Commercial Correlation With Market

Average diversification

The correlation between Renrenle Commercial Group and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Renrenle Commercial Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Renrenle Commercial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Renrenle Commercial 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 Renrenle Commercial - 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 Renrenle Commercial Group to buy it.

Moving together with Renrenle Stock

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  0.77002670 Guosheng FinancialPairCorr
  0.75000548 Hunan InvestmentPairCorr
  0.62301123 YiDong ElectronicsPairCorr
  0.67000988 Huagong TechPairCorr
  0.63301359 Dongnan ElectronicsPairCorr
  0.73600130 Ningbo BirdPairCorr
  0.82603818 Qumei Furniture GroupPairCorr
  0.86600255 Xinke MaterialPairCorr
  0.79000523 Lonkey IndustrialPairCorr
  0.74002219 Hengkang MedicalPairCorr
  0.86300898 Panda Dairy CorpPairCorr
  0.83000637 Maoming Petro ChemicalPairCorr
  0.64603659 Shanghai Putailai NewPairCorr
  0.68301190 Jiujiang ShanshuiPairCorr
  0.66600536 China National SoftwarePairCorr
  0.71605266 Yunnan JianzhijiaPairCorr
  0.73688484 Southchip SemiconductorPairCorr
  0.68600138 China CYTS ToursPairCorr
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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Renrenle Stock performing well and Renrenle Commercial 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 Renrenle Commercial'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
601988  1.01  0.26  0.18  1.72  0.92 
(1.28)
 2.67 
(1.98)
 7.70 
600519  1.62  0.30  0.14  1.03  1.57 
(2.01)
 6.55 
(2.41)
 16.71 
601857  1.34  0.21  0.08  11.37  1.80 
(1.75)
 3.55 
(2.01)
 17.17 
601328  1.33  0.25  0.14  4.40  1.23 
(1.58)
 3.26 
(2.12)
 10.82 
600941  1.07  0.21  0.15 (9.05) 0.95 
(1.38)
 3.09 
(2.04)
 8.38 
601318  1.79  0.31  0.12  0.95  1.94 
(2.21)
 5.83 
(2.88)
 19.77 
600000  1.40  0.30  0.16  2.08  1.29 
(1.68)
 3.69 
(2.14)
 10.95 
601398  1.14  0.31  0.21  3.79  1.00 
(1.49)
 2.83 
(1.71)
 8.14 
600016  1.34  0.28  0.12  5.01  1.53 
(1.54)
 3.39 
(2.31)
 12.81 

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Our tools can tell you how much better you can do entering a position in Renrenle Commercial 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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Renrenle Commercial Corporate Executives

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