Taiji Computer Correlations

002368 Stock   25.36  0.40  1.60%   
The current 90-days correlation between Taiji Computer Corp and Jiangsu Pacific Quartz is 0.68 (i.e., Poor diversification). The correlation of Taiji Computer 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.

Taiji Computer Correlation With Market

Significant diversification

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

Moving together with Taiji Stock

  0.64600519 Kweichow MoutaiPairCorr
  0.75601318 Ping An InsurancePairCorr
  0.74600016 China Minsheng BankingPairCorr
  0.72300894 Marssenger KitchenwarePairCorr
  0.67601998 China Citic BankPairCorr
  0.83002295 Guangdong Jingyi MetalPairCorr
  0.67002432 Andon HealthPairCorr
  0.88600170 Shanghai ConstructionPairCorr
  0.88600084 Citic Guoan WinePairCorr
  0.69002743 Anhui Fuhuang SteelPairCorr
  0.88000661 Changchun High NewPairCorr
  0.87001323 De Rucci HealthyPairCorr
  0.84000063 ZTE CorpPairCorr
  0.69600583 Offshore Oil EngineeringPairCorr
  0.86002065 Dhc SoftwarePairCorr
  0.75900934 Shanghai Jin JiangPairCorr
  0.86603688 Jiangsu Pacific QuartzPairCorr
  0.86300301 Shenzhen Changfang LightPairCorr
  0.89601336 New China LifePairCorr
  0.7002121 Shenzhen Clou ElectronicsPairCorr
  0.86000963 Huadong MedicinePairCorr
  0.69603610 Keeson Technology CorpPairCorr
  0.91000408 Zangge HoldingPairCorr
  0.83601636 Zhuzhou Kibing GroupPairCorr
  0.92000036 China Union HoldingsPairCorr
  0.82002555 37 Interactive EnterPairCorr
  0.82300729 Loctek Ergonomic TecPairCorr
  0.79000157 Zoomlion Heavy IndustryPairCorr

Moving against Taiji Stock

  0.32600028 China Petroleum ChemicalPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
000858000568
000858600519
000568600519
000568603688
000858603688
000568300760
  
High negative correlations   
300750688169

Risk-Adjusted Indicators

There is a big difference between Taiji Stock performing well and Taiji Computer 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 Taiji Computer'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
600519  1.71  0.17  0.07  0.61  1.81 
 6.55 
 16.71 
300760  2.16  0.12  0.04 (0.98) 2.51 
 4.81 
 19.76 
603688  2.73  0.43  0.13 (227.24) 2.79 
 8.33 
 19.04 
603444  2.60  0.23  0.06 (1.22) 3.30 
 5.75 
 18.75 
688036  3.01  0.29  0.08  0.36  3.36 
 6.01 
 31.26 
688169  3.04 (0.04) 0.00  0.87  0.00 
 5.74 
 34.80 
000568  2.42  0.35  0.13  0.68  2.47 
 10.00 
 20.00 
000719  2.01  0.16  0.05 (4.50) 2.45 
 4.39 
 16.97 
300750  2.77  0.60  0.16 (2.47) 3.05 
 7.94 
 33.42 
000858  2.18  0.35  0.14  0.95  2.21 
 7.27 
 19.98 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Taiji Computer 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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Taiji Computer Corporate Executives

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