Qtone Education Correlations

Stocks . China . 
Stock . Qtone Education Group
300359 Stock   6.54  0.13  2.03%   
The current 90-days correlation between Qtone Education Group and Shanghai OPM Biosciences is 0.54 (i.e., Very weak diversification). The correlation of Qtone Education 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.

Qtone Education Correlation With Market

Significant diversification

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

Moving together with Qtone Stock

  0.83600519 Kweichow MoutaiPairCorr
  0.95300750 Contemporary AmperexPairCorr
  0.84002594 BYD CoPairCorr
  0.92200596 Anhui Gujing DistilleryPairCorr
  0.93000596 Anhui Gujing DistilleryPairCorr
  0.95002371 NAURA TechnologyPairCorr
  0.87300760 Shenzhen Mindray BioPairCorr
  0.94002205 XinJiang GuoTong PipelinePairCorr
  0.91600106 Chongqing Road BridgePairCorr
  0.92688376 MayAir TechnologyPairCorr
  0.96900941 Eastern CommunicationsPairCorr
  0.97688119 Sinosteel Luonai MatPairCorr
  0.81600340 China Fortune LandPairCorr
  0.94300387 Hubei Forbon TechnologyPairCorr
  0.95603833 Oppein Home GroupPairCorr
  0.69002217 Holitech TechnologyPairCorr
  0.86001219 Qingdao FoodsPairCorr
  0.95300666 Konfoong MaterialsPairCorr
  0.94688020 Guangzhou FangbangPairCorr
  0.91603336 Great Sun FoodsPairCorr
  0.76601166 Industrial BankPairCorr
  0.86002156 TongFu MicroelectronicsPairCorr
  0.88000002 China VankePairCorr
  0.9601318 Ping An InsurancePairCorr
  0.89600153 Xiamen CDPairCorr
  0.9000070 Shenzhen SDG InformationPairCorr
  0.9002919 Mingchen HealthPairCorr
  0.73603559 Zhongtong Guomai ComPairCorr
  0.88300533 Shenzhen BingchuanPairCorr
  0.95301028 Xiamen East AsiaPairCorr
  0.91603328 Guangdong EllingtonPairCorr
  0.97603936 Bomin ElectronicsPairCorr
  0.91601933 Yonghui SuperstoresPairCorr
  0.92000882 Beijing Hualian DepaPairCorr
  0.88300450 Wuxi Lead AutoPairCorr
  0.85002556 Anhui Huilong AgricuPairCorr
  0.93002313 SUNSEA TelecommunicatioPairCorr
  0.88600831 Shaanxi BroadcastPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Qtone Stock performing well and Qtone Education 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 Qtone Education'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
601628  2.04  0.43  0.13  1.02  2.34 
(2.32)
 6.42 
(3.18)
 20.00 
601059  2.49  0.30  0.05 (1.76) 2.96 
(2.76)
 7.43 
(4.73)
 20.10 
688072  3.65  0.91  0.18 (4.46) 3.52 
(4.13)
 11.70 
(6.63)
 30.46 
601198  2.67  0.57  0.12 (4.07) 2.86 
(2.95)
 9.99 
(5.54)
 20.42 
688293  3.53  1.10  0.18 (0.74) 3.66 
(3.81)
 11.13 
(4.87)
 29.27 
688126  3.52  0.70  0.15 (3.44) 3.06 
(4.25)
 14.22 
(5.02)
 29.35 
603993  1.89  0.05 (0.05) 0.02  2.42 
(2.15)
 4.34 
(3.81)
 14.34 
000504  3.37  0.87  0.18 (0.96) 3.10 
(4.00)
 9.82 
(5.46)
 19.13 
688521  4.03  1.05  0.26  1.72  3.21 
(4.88)
 13.33 
(6.33)
 30.42 
300396  2.76  0.14  0.00  32.83  4.25 
(2.83)
 5.05 
(5.56)
 32.32 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Qtone Education 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 CEOs Directory Now

   

CEOs Directory

Screen CEOs from public companies around the world
All  Next Launch Module

Qtone Education Corporate Management

Elected by the shareholders, the Qtone Education's board of directors comprises two types of representatives: Qtone Education inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Qtone. The board's role is to monitor Qtone Education's management team and ensure that shareholders' interests are well served. Qtone Education'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, Qtone Education's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bin ZhouGeneral ManagerProfile
Biao ZhaoDeputy SecretaryProfile
Weiyuan ZhuDeputy ManagerProfile
Xuejun DiaoDeputy ManagerProfile
Tao LiuDeputy 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