Gifore Agricultural Correlations

Stocks . China . 
Stock . Gifore Agricultural Machinery
300022 Stock   4.98  0.03  0.60%   
The current 90-days correlation between Gifore Agricultural and CareRay Digital Medical is 0.72 (i.e., Poor diversification). The correlation of Gifore Agricultural 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.

Gifore Agricultural Correlation With Market

Good diversification

The correlation between Gifore Agricultural Machinery and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gifore Agricultural Machinery and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Gifore Agricultural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gifore Agricultural 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 Gifore Agricultural - 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 Gifore Agricultural Machinery to buy it.

Moving together with Gifore Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Gifore Stock performing well and Gifore Agricultural 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 Gifore Agricultural'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 Gifore Agricultural 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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Gifore Agricultural Corporate Management

Elected by the shareholders, the Gifore Agricultural's board of directors comprises two types of representatives: Gifore Agricultural inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gifore. The board's role is to monitor Gifore Agricultural's management team and ensure that shareholders' interests are well served. Gifore Agricultural'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, Gifore Agricultural's outside directors are responsible for providing unbiased perspectives on the board's policies.
Xinghua ZhouFinancial ManagerProfile
Chen ZengDeputy MangProfile
Zhiqiang YangDeputy ManagerProfile
Yong LiGM DirectorProfile
Yong TangDeputy ManagerProfile
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