Beijing Quanshi Correlations

002995 Stock

24.77 0.92 3.86%

The current 90-days correlation between Beijing Quanshi World and Maccura Biotechnology Co is 0.4 (i.e., Very weak diversification). The correlation of Beijing Quanshi 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.

Beijing Quanshi Correlation With Market

Very good diversification

The correlation between Beijing Quanshi World and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beijing Quanshi World and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Beijing Stock

0.95	688256	Cambricon Technologies	Pair Corr
0.89	688047	Loongson Technology Corp	Pair Corr
0.86	688318	Shenzhen Fortune Trend	Pair Corr
0.87	600106	Chongqing Road Bridge	Pair Corr
0.87	301269	Empyrean Technology	Pair Corr
0.93	600769	Wuhan Xianglong Power	Pair Corr
0.87	002177	Guangzhou KingTeller	Pair Corr
0.87	002625	Kuang Chi Technologies	Pair Corr
0.93	600883	Yunnan Bowin Technology	Pair Corr

Related Correlations Analysis

	300463	000548	002021	000042	600805	300871	688670	001286
300463		0.77	0.72	0.89	0.86	0.86	0.86	0.71	300463
000548	0.77		0.86	0.88	0.93	0.91	0.92	0.42	000548
002021	0.72	0.86		0.86	0.94	0.94	0.88	0.28	002021
000042	0.89	0.88	0.86		0.96	0.92	0.87	0.59	000042
600805	0.86	0.93	0.94	0.96		0.97	0.93	0.47	600805
300871	0.86	0.91	0.94	0.92	0.97		0.97	0.44	300871
688670	0.86	0.92	0.88	0.87	0.93	0.97		0.41	688670
001286	0.71	0.42	0.28	0.59	0.47	0.44	0.41		001286
	300463	000548	002021	000042	600805	300871	688670	001286

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Risk-Adjusted Indicators

There is a big difference between Beijing Stock performing well and Beijing Quanshi 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 Beijing Quanshi'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
300463	2.04	0.29	0.06	(2.51)	2.24	(2.45)	4.04	(3.48)	22.67
000548	2.17	0.60	0.17	9.48	2.31	(2.57)	7.00	(2.68)	19.83
002021	3.23	1.21	0.29	(2.09)	2.60	(4.18)	10.04	(3.19)	20.19
000042	2.47	0.61	0.14	3.08	2.82	(2.59)	7.60	(4.32)	20.06
600805	2.04	0.59	0.16	(1.79)	2.41	(2.42)	5.05	(3.37)	18.78
300871	2.52	0.64	0.15	(5.66)	2.87	(2.83)	5.21	(3.68)	27.88
688670	3.18	0.54	0.10	5.35	3.78	(3.46)	7.38	(5.29)	30.98
001286	1.32	0.05	(0.03)	3.61	1.84	(1.43)	3.31	(2.90)	13.21

Be your own money manager

Our tools can tell you how much better you can do entering a position in Beijing Quanshi 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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Beijing Quanshi Corporate Management

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

Haijun Yang	Deputy Manager	Profile
Yanjun Liu	Deputy Manager	Profile
Wencui Shi	Accounting Supervisor	Profile
Yidi Zheng	Deputy Manager	Profile
Jia Zhu	Deputy Mang	Profile
Na He	Deputy Manager	Profile

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