Ningbo David Correlations

Stocks . China . 
Stock . Ningbo David Medical
300314 Stock   12.30  0.11  0.89%   
The current 90-days correlation between Ningbo David Medical and Loctek Ergonomic Technology is 0.68 (i.e., Poor diversification). The correlation of Ningbo David 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.

Ningbo David Correlation With Market

Good diversification

The correlation between Ningbo David Medical 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 Ningbo David Medical and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Ningbo David could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ningbo David 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 Ningbo David - 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 Ningbo David Medical to buy it.

Moving together with Ningbo Stock

  0.69601939 China Construction BankPairCorr
  0.89601318 Ping An InsurancePairCorr
  0.88600036 China Merchants BankPairCorr
  0.8601166 Industrial BankPairCorr
  0.78688047 Loongson Technology CorpPairCorr
  0.7001323 De Rucci HealthyPairCorr
  0.86000661 Changchun High NewPairCorr
  0.88601059 Cinda SecuritiesPairCorr
  0.69000428 Huatian Hotel GroupPairCorr
  0.9000761 Bengang Steel PlatesPairCorr
  0.7600719 Dalian Thermal PowerPairCorr
  0.66002946 New Hope DairyPairCorr
  0.69601865 Flat Glass GroupPairCorr
  0.61603800 Suzhou Douson DrillingPairCorr
  0.82000560 5I5j Holding GroupPairCorr
  0.68603969 Tianjin Silvery DragonPairCorr
  0.82002152 GRG Banking EquipmentPairCorr
  0.85300894 Marssenger KitchenwarePairCorr
  0.65603659 Shanghai Putailai NewPairCorr
  0.81600335 Sinomach AutomobilePairCorr
  0.63603818 Qumei Furniture GroupPairCorr
  0.61002303 Shenzhen MYS EnvironPairCorr
  0.63605168 Threes CompanyPairCorr
  0.8300815 Eit EnvironmentalPairCorr
  0.77688325 Guangdong CellwisePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Ningbo Stock performing well and Ningbo David 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 Ningbo David'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  3.51  0.39  0.09  0.82  4.13 
(3.62)
 9.98 
(6.85)
 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  2.18  0.62  0.19  1.26  2.55 
(2.50)
 6.20 
(3.84)
 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 Ningbo David 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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Ningbo David Corporate Executives

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