HengFeng Information Correlations

300605 Stock

14.21 0.63 4.25%

The current 90-days correlation between HengFeng Information and China Petroleum Chemical is 0.27 (i.e., Modest diversification). The correlation of HengFeng Information 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.

The ability to find closely correlated positions to HengFeng Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HengFeng Information 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 HengFeng Information - 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 HengFeng Information Technology to buy it.

Moving together with HengFeng Stock

0.8	601398	Industrial and Commercial	Pair Corr
0.68	601288	Agricultural Bank	Pair Corr
0.83	601939	China Construction Bank	Pair Corr
0.69	601988	Bank of China	Pair Corr
0.83	601658	Postal Savings Bank	Pair Corr
0.74	601328	Bank of Communications	Pair Corr
0.88	601318	Ping An Insurance	Pair Corr
0.88	600036	China Merchants Bank	Pair Corr
0.78	601166	Industrial Bank	Pair Corr
0.88	601998	China Citic Bank	Pair Corr

Related Correlations Analysis

	600028	601857	601668	601390	601186	600941	601398	601628	601318	601939
600028		0.81	0.18	0.08	0.02	0.61	0.3	0.08	0.14	0.23	600028
601857	0.81		0.6	0.53	0.46	0.73	0.62	0.53	0.6	0.61	601857
601668	0.18	0.6		0.98	0.96	0.59	0.87	0.94	0.97	0.92	601668
601390	0.08	0.53	0.98		0.99	0.59	0.86	0.96	0.96	0.89	601390
601186	0.02	0.46	0.96	0.99		0.57	0.85	0.95	0.94	0.89	601186
600941	0.61	0.73	0.59	0.59	0.57		0.8	0.51	0.54	0.73	600941
601398	0.3	0.62	0.87	0.86	0.85	0.8		0.78	0.81	0.98	601398
601628	0.08	0.53	0.94	0.96	0.95	0.51	0.78		0.97	0.83	601628
601318	0.14	0.6	0.97	0.96	0.94	0.54	0.81	0.97		0.87	601318
601939	0.23	0.61	0.92	0.89	0.89	0.73	0.98	0.83	0.87		601939
	600028	601857	601668	601390	601186	600941	601398	601628	601318	601939

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Risk-Adjusted Indicators

There is a big difference between HengFeng Stock performing well and HengFeng Information 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 HengFeng Information'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
600028	1.26	(0.06)	0.00	(0.27)	0.00	0.00	3.23	(3.15)	10.77
601857	1.32	0.02	(0.03)	(0.26)	1.97	(1.64)	3.55	(2.04)	17.17
601668	1.95	0.26	0.07	0.81	2.35	(2.12)	5.25	(3.67)	15.78
601390	1.86	0.32	0.11	2.93	2.04	(2.32)	5.32	(3.15)	17.45
601186	2.14	0.42	0.13	7.53	2.09	(2.53)	6.73	(3.87)	17.07
600941	1.01	0.08	0.00	0.75	1.06	(1.24)	2.05	(2.04)	8.38
601398	1.09	0.17	0.06	3.93	1.09	(1.38)	2.83	(2.29)	8.14
601628	2.13	0.33	0.10	0.82	2.52	(2.36)	6.42	(3.94)	20.00
601318	1.82	0.35	0.12	1.09	1.97	(2.17)	5.83	(2.88)	19.77
601939	1.18	0.19	0.07	2.23	1.30	(1.38)	3.32	(2.12)	8.64

Be your own money manager

Our tools can tell you how much better you can do entering a position in HengFeng Information 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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HengFeng Information Corporate Management

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

Yin Zhao	Chief Officer	Profile
Xin Dai	Head Institute	Profile
Min Huang	Chief Engineer	Profile
Xian Xie	Engineering Center	Profile

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