Lepu Medical Correlations

Stocks . China . 
Stock . Lepu Medical Tech
300003 Stock   11.85  0.18  1.50%   
The current 90-days correlation between Lepu Medical Tech and Ming Yang Smart is 0.72 (i.e., Poor diversification). The correlation of Lepu Medical 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.

Lepu Medical Correlation With Market

Good diversification

The correlation between Lepu Medical Tech and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lepu Medical Tech and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lepu Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lepu Medical 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 Lepu Medical - 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 Lepu Medical Tech to buy it.

Moving together with Lepu Stock

  0.66601939 China Construction BankPairCorr
  0.92601318 Ping An InsurancePairCorr
  0.89600036 China Merchants BankPairCorr
  0.8601166 Industrial BankPairCorr
  0.79688047 Loongson Technology CorpPairCorr
  0.63001323 De Rucci HealthyPairCorr
  0.95000661 Changchun High NewPairCorr
  0.96601059 Cinda SecuritiesPairCorr
  0.66000428 Huatian Hotel GroupPairCorr
  0.85000761 Bengang Steel PlatesPairCorr
  0.65600719 Dalian Thermal PowerPairCorr
  0.66002946 New Hope DairyPairCorr
  0.66601865 Flat Glass GroupPairCorr
  0.87000560 5I5j Holding GroupPairCorr
  0.66603969 Tianjin Silvery DragonPairCorr
  0.83002152 GRG Banking EquipmentPairCorr
  0.84300894 Marssenger KitchenwarePairCorr
  0.67603659 Shanghai Putailai NewPairCorr
  0.85600335 Sinomach AutomobilePairCorr
  0.62688603 Guangdong SkychemPairCorr
  0.62603818 Qumei Furniture GroupPairCorr
  0.61605168 Threes CompanyPairCorr
  0.84300815 Eit EnvironmentalPairCorr
  0.82688325 Guangdong CellwisePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Lepu Stock performing well and Lepu Medical 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 Lepu Medical'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
601336  2.51  0.71  0.28  1.35  1.92 
(3.04)
 8.54 
(4.03)
 16.01 
601615  2.69  0.70  0.25  5.46  2.36 
(3.37)
 7.78 
(3.82)
 18.14 
159681  2.97  0.67  0.15 (10.04) 3.02 
(4.94)
 8.99 
(4.00)
 36.32 
159005  0.01  0.00  0.00 (1.28) 0.00 
 0.00 
 0.01 
(0.01)
 0.14 
300729  2.27  0.32  0.09  1.08  3.05 
(2.51)
 6.27 
(3.81)
 24.80 
002952  3.20  0.42  0.09  0.86  3.87 
(3.21)
 9.02 
(6.36)
 19.99 
516220  1.71  0.25  0.09 (1.28) 1.74 
(2.82)
 5.26 
(3.03)
 17.74 
002096  2.17  0.20  0.07  1.10  2.39 
(2.38)
 4.30 
(3.86)
 13.27 
002999  2.60  0.32  0.09  0.38  3.18 
(2.87)
 6.20 
(5.34)
 17.06 
300243  3.17  0.61  0.13 (0.90) 3.83 
(3.65)
 10.41 
(4.80)
 31.77 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lepu Medical 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.

Did you try this?

Run Stocks Directory Now

   

Stocks Directory

Find actively traded stocks across global markets
All  Next Launch Module

Lepu Medical Corporate Management

Elected by the shareholders, the Lepu Medical's board of directors comprises two types of representatives: Lepu Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lepu. The board's role is to monitor Lepu Medical's management team and ensure that shareholders' interests are well served. Lepu Medical'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, Lepu Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
Zhi ZhangGeneral ManagerProfile
Guorui ZhengDeputy ManagerProfile
Zhong PuChairman CTOProfile
Xia ZhangSenior ManagerProfile
Tong GuoSr MangProfile
Zhan WeiSenior ManagerProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY