SuZhou ChunXing Correlations

Stocks China . 
Stock . SuZhou ChunXing Precision
002547 Stock   5.43  0.41  7.02%   
The current 90-days correlation between SuZhou ChunXing Precision and Wanhua Chemical Group is 0.39 (i.e., Weak diversification). The correlation of SuZhou ChunXing 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.

SuZhou ChunXing Correlation With Market

Average diversification

The correlation between SuZhou ChunXing Precision and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SuZhou ChunXing Precision and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SuZhou ChunXing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SuZhou ChunXing 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 SuZhou ChunXing - 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 SuZhou ChunXing Precision to buy it.

Moving together with SuZhou Stock

  0.64600019 Baoshan Iron SteelPairCorr
  0.85600010 Inner Mongolia BaoTouPairCorr
  0.81002460 Jiangxi Ganfeng LithiumPairCorr
  0.65603260 Hoshine Silicon IndPairCorr
  0.73600160 Zhejiang JuhuaPairCorr
  0.76200468 Nanjing Putian TelecPairCorr
  0.87600322 Tianjin Realty DevelPairCorr
  0.7300391 Kangyue TechnologyPairCorr
  0.81002168 Shenzhen HifuturePairCorr
  0.84000692 Shenyang Huitian ThermalPairCorr
  0.93300301 Shenzhen Changfang LightPairCorr
  0.9300013 Jiangsu Xinning ModernPairCorr
  0.65000560 5I5j Holding GroupPairCorr
  0.79000506 Zhongrun ResourcesPairCorr
  0.88002584 Xilong ChemicalPairCorr
  0.68301379 Techshine ElectronicsPairCorr
  0.75688047 Loongson Technology CorpPairCorr
  0.73688325 Guangdong CellwisePairCorr
  0.82600455 ButOne Information CorpPairCorr
  0.73600633 Zhejiang Daily MediaPairCorr
  0.85300825 Iat Automobile TechnologyPairCorr
  0.88603313 HealthcarePairCorr
  0.8600335 Sinomach AutomobilePairCorr
  0.73688507 Shanghai Suochen InfPairCorr
  0.77688119 Sinosteel Luonai MatPairCorr
  0.78300359 Qtone Education GroupPairCorr
  0.82002382 Blue Sail MedicalPairCorr
  0.65002466 Sichuan Tianqi LithiumPairCorr
  0.77600719 Dalian Thermal PowerPairCorr

Moving against SuZhou Stock

  0.71600547 Shandong Gold MiningPairCorr
  0.37601899 Zijin Mining GroupPairCorr

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   
600160
+ 0.9
600019
002460
+ 0.88
600010
600160
+ 0.88
600010
600160
+ 0.86
603260
600160
+ 0.85
002493
600160
+ 0.84
002460
  
High negative correlations   
002460
- 0.55
600547
600010
- 0.55
600547
600160
- 0.29
600547
603260
- 0.28
600547
600547
- 0.09
600019
002460
- 0.06
600309

Risk-Adjusted Indicators

There is a big difference between SuZhou Stock performing well and SuZhou ChunXing 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 SuZhou ChunXing'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in SuZhou ChunXing 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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SuZhou ChunXing Corporate Executives

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