Huizhou Speed Correlations

Stocks . China . 
Stock . Huizhou Speed Wireless
300322 Stock   13.96  0.20  1.45%   
The current 90-days correlation between Huizhou Speed Wireless and Heren Health Co is 0.61 (i.e., Poor diversification). The correlation of Huizhou Speed 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 Speed Correlation With Market

Significant diversification

The correlation between Huizhou Speed Wireless and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huizhou Speed Wireless and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Huizhou Speed 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 Speed 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 Speed - 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 Speed Wireless to buy it.

Moving together with Huizhou Stock

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  0.78300433 Lens TechnologyPairCorr
  0.63002217 Holitech TechnologyPairCorr
  0.75000560 5I5j Holding GroupPairCorr
  0.68300880 Ningbo Jianan ElectronicsPairCorr
  0.76605128 Shanghai Yanpu MetalPairCorr
  0.65601929 JiShi MediaPairCorr
  0.71688082 ACM Research ShanghaiPairCorr
  0.68603818 Qumei Furniture GroupPairCorr
  0.66603313 HealthcarePairCorr
  0.89600633 Zhejiang Daily MediaPairCorr
  0.73000609 Beijing MainstreetsPairCorr
  0.61000909 Soyea TechnologyPairCorr
  0.64603969 Tianjin Silvery DragonPairCorr
  0.85688507 Shanghai Suochen InfPairCorr
  0.78688047 Loongson Technology CorpPairCorr
  0.84688325 Guangdong CellwisePairCorr
  0.81002382 Blue Sail MedicalPairCorr
  0.69603800 Suzhou Douson DrillingPairCorr
  0.88600584 JCET GroupPairCorr
  0.85301379 Techshine ElectronicsPairCorr
  0.69600515 Hainan HNA InfrastructurePairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
603313
+ 0.89
603885
603313
+ 0.83
688335
688335
+ 0.79
300550
603885
+ 0.79
688335
002935
+ 0.78
300550
603885
+ 0.76
300550
  
High negative correlations   
508096
- 0.2
002432

Risk-Adjusted Indicators

There is a big difference between Huizhou Stock performing well and Huizhou Speed 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 Speed'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 Huizhou Speed 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 Speed Corporate Management

Elected by the shareholders, the Huizhou Speed's board of directors comprises two types of representatives: Huizhou Speed 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 Speed's management team and ensure that shareholders' interests are well served. Huizhou Speed'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 Speed's outside directors are responsible for providing unbiased perspectives on the board's policies.
Dong MoHead DepartmentProfile
Sheng LinDeputy MangProfile
Ming ZhuChief OfficerProfile
Qiaofu WenGM MDProfile
Gang HuangSecretary GMProfile
Bao ChenChief RDProfile
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