Huizhou Desay Correlations

Stocks . China . 
Stock . Huizhou Desay SV
002920 Stock   112.75  1.13  0.99%   
The current 90-days correlation between Huizhou Desay SV and Bank of China is 0.06 (i.e., Significant diversification). The correlation of Huizhou Desay 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.

Huizhou Desay Correlation With Market

Significant diversification

The correlation between Huizhou Desay SV and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huizhou Desay SV and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Huizhou Desay could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Huizhou Desay 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 Huizhou Desay - 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 Huizhou Desay SV to buy it.

Moving together with Huizhou Stock

  0.85601318 Ping An InsurancePairCorr
  0.78600036 China Merchants BankPairCorr
  0.61601166 Industrial BankPairCorr
  0.66601998 China Citic BankPairCorr
  0.75601598 Sinotrans ClassPairCorr
  0.78200539 Guangdong Electric PowerPairCorr
  0.92603688 Jiangsu Pacific QuartzPairCorr
  0.71600719 Dalian Thermal PowerPairCorr
  0.66603800 Suzhou Douson DrillingPairCorr
  0.74600515 Hainan HNA InfrastructurePairCorr
  0.74688603 Guangdong SkychemPairCorr
  0.87300815 Eit EnvironmentalPairCorr
  0.63000995 Gansu Huangtai WinePairCorr
  0.62301390 Hangzhou Gisway InfoPairCorr
  0.78301177 DR LimitedPairCorr
  0.84000036 China Union HoldingsPairCorr
  0.79000963 Huadong MedicinePairCorr
  0.86301379 Techshine ElectronicsPairCorr
  0.66002295 Guangdong Jingyi MetalPairCorr
  0.83600583 Offshore Oil EngineeringPairCorr
  0.69601002 Gem Year IndustrialPairCorr
  0.96000661 Changchun High NewPairCorr
  0.82002152 GRG Banking EquipmentPairCorr
  0.75300221 Guangdong Silvere SciPairCorr
  0.81601865 Flat Glass GroupPairCorr
  0.95002812 Yunnan Chuangxin NewPairCorr
  0.72002065 Dhc SoftwarePairCorr
  0.69300894 Marssenger KitchenwarePairCorr
  0.86601059 Cinda SecuritiesPairCorr
  0.82000761 Bengang Steel PlatesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Huizhou Stock performing well and Huizhou Desay 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 Huizhou Desay'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  1.00  0.19  0.14  1.27  0.97 
(1.27)
 2.67 
(1.98)
 7.70 
600519  1.71  0.17  0.07  0.61  1.81 
(2.11)
 6.55 
(2.98)
 16.71 
601857  1.28  0.12  0.05 (4.50) 1.83 
(1.59)
 3.55 
(2.03)
 17.17 
601328  1.31  0.21  0.13  4.52  1.24 
(1.56)
 3.26 
(2.12)
 10.82 
600941  1.05  0.17  0.14 (8.04) 0.96 
(1.37)
 3.09 
(2.04)
 8.38 
601318  1.80  0.35  0.14  1.10  1.95 
(2.18)
 5.83 
(2.88)
 19.77 
600000  1.38  0.23  0.13  3.97  1.33 
(1.64)
 3.69 
(2.14)
 10.95 
601398  1.09  0.25  0.18  3.08  1.01 
(1.43)
 2.83 
(1.71)
 8.14 
600016  1.37  0.33  0.15  7.82  1.51 
(1.62)
 3.39 
(2.31)
 12.81 
600028  1.14  0.06  0.02  0.47  1.58 
(1.25)
 3.23 
(1.89)
 10.77 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Huizhou Desay 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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Huizhou Desay Corporate Management

Elected by the shareholders, the Huizhou Desay's board of directors comprises two types of representatives: Huizhou Desay inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Huizhou. The board's role is to monitor Huizhou Desay's management team and ensure that shareholders' interests are well served. Huizhou Desay'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, Huizhou Desay's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jun ZhangSecretary BoardProfile
Jian XuDeputy ManagerProfile
Wei TanChief OfficerProfile
Jian LingGM SupervisorProfile
Yong YangDeputy ManagerProfile
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