Yankershop Food Correlations

002847 Stock

50.70 1.54 2.95%

The current 90-days correlation between Yankershop Food and Guosheng Financial Holding is 0.66 (i.e., Poor diversification). The correlation of Yankershop Food 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.

Yankershop Food Correlation With Market

Modest diversification

The correlation between Yankershop Food Co and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yankershop Food Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Yankershop Stock

0.91	600036	China Merchants Bank	Pair Corr
0.76	601658	Postal Savings Bank	Pair Corr
0.95	900957	Shanghai Lingyun Ind	Pair Corr

Related Correlations Analysis

	002670	601187	601238	000913	000572	000820	000678	601658
002670		0.69	0.9	0.84	0.74	0.81	0.86	0.74	002670
601187	0.69		0.75	0.33	0.62	0.62	0.6	0.76	601187
601238	0.9	0.75		0.75	0.75	0.83	0.87	0.65	601238
000913	0.84	0.33	0.75		0.51	0.62	0.73	0.53	000913
000572	0.74	0.62	0.75	0.51		0.93	0.87	0.42	000572
000820	0.81	0.62	0.83	0.62	0.93		0.9	0.55	000820
000678	0.86	0.6	0.87	0.73	0.87	0.9		0.56	000678
601658	0.74	0.76	0.65	0.53	0.42	0.55	0.56		601658
	002670	601187	601238	000913	000572	000820	000678	601658

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Risk-Adjusted Indicators

There is a big difference between Yankershop Stock performing well and Yankershop Food 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 Yankershop Food'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
002670	2.71	0.40	0.08	(2.26)	2.94	(3.59)	8.71	(4.76)	20.03
601187	1.59	0.07	(0.02)	5.35	2.22	(1.89)	3.70	(2.58)	16.14
601238	1.76	0.21	0.04	2.41	2.18	(1.98)	3.68	(3.68)	15.37
000913	2.29	0.30	0.05	(1.17)	2.76	(2.48)	5.53	(4.65)	20.00
000572	3.12	0.58	0.09	(0.90)	3.88	(3.46)	9.94	(6.53)	19.60
000820	3.15	0.78	0.19	(2.18)	2.86	(3.85)	9.96	(4.90)	19.89
000678	3.43	0.75	0.18	(9.53)	3.08	(4.12)	9.95	(5.06)	20.11
601658	1.42	0.06	(0.02)	0.38	1.77	(1.60)	3.49	(2.84)	9.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in Yankershop Food 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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Yankershop Food Corporate Management

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

Minsheng Huang	Deputy Mang	Profile
Feng Yang	In Accounting	Profile
Yang Zhang	Board Secretary	Profile
Xiang Qiu	Assistant Manager	Profile
Xiaosan Zhang	Deputy Manager	Profile
Lei Zhang	Deputy Mang	Profile

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