Goke Microelectronics Correlations

300672 Stock

71.38 1.62 2.22%

The current 90-days correlation between Goke Microelectronics and Harbin Hatou Investment is 0.59 (i.e., Very weak diversification). The correlation of Goke Microelectronics 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.

Goke Microelectronics Correlation With Market

Good diversification

The correlation between Goke Microelectronics Co and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goke Microelectronics Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Goke Stock

0.66	601658	Postal Savings Bank	Pair Corr
0.79	601318	Ping An Insurance	Pair Corr
0.86	600036	China Merchants Bank	Pair Corr
0.64	601166	Industrial Bank	Pair Corr
0.64	603969	Tianjin Silvery Dragon	Pair Corr
0.78	688047	Loongson Technology Corp	Pair Corr
0.77	600498	Fiberhome Telecommunicatio	Pair Corr
0.91	300433	Lens Technology	Pair Corr
0.85	688325	Guangdong Cellwise	Pair Corr
0.69	002382	Blue Sail Medical	Pair Corr
0.86	301379	Techshine Electronics	Pair Corr
0.73	600755	Xiamen ITG Group	Pair Corr
0.72	300359	Qtone Education Group	Pair Corr
0.85	688082	ACM Research Shanghai	Pair Corr
0.71	301390	Hangzhou Gisway Info	Pair Corr
0.67	002466	Sichuan Tianqi Lithium	Pair Corr
0.62	000560	5I5j Holding Group	Pair Corr
0.79	300219	Guangzhou Hongli Opto	Pair Corr
0.74	000617	CNPC Capital	Pair Corr

Related Correlations Analysis

	600864	300664	600323	301355	000885	002973	688466	600110
600864		0.72	0.55	0.9	0.85	0.66	0.73	0.76	600864
300664	0.72		0.36	0.87	0.73	0.43	0.88	0.77	300664
600323	0.55	0.36		0.55	0.43	0.82	0.38	0.36	600323
301355	0.9	0.87	0.55		0.79	0.63	0.83	0.78	301355
000885	0.85	0.73	0.43	0.79		0.56	0.85	0.93	000885
002973	0.66	0.43	0.82	0.63	0.56		0.55	0.54	002973
688466	0.73	0.88	0.38	0.83	0.85	0.55		0.89	688466
600110	0.76	0.77	0.36	0.78	0.93	0.54	0.89		600110
	600864	300664	600323	301355	000885	002973	688466	600110

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Risk-Adjusted Indicators

There is a big difference between Goke Stock performing well and Goke Microelectronics 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 Goke Microelectronics' 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
600864	3.20	0.80	0.23	(3.21)	2.89	(3.95)	9.97	(5.26)	20.02
300664	2.65	0.66	0.18	3.93	2.83	(2.83)	7.09	(4.75)	25.72
600323	1.42	0.33	0.21	3.87	1.21	(1.79)	3.79	(2.00)	9.91
301355	1.66	0.44	0.17	1.50	2.08	(2.02)	4.19	(2.15)	22.65
000885	1.86	0.37	0.13	1.62	2.28	(2.08)	4.56	(3.01)	14.79
002973	2.36	0.55	0.18	6.12	2.48	(2.57)	5.61	(4.72)	15.26
688466	2.68	0.47	0.13	2.10	3.12	(3.06)	5.63	(4.51)	26.28
600110	3.23	0.72	0.18	1.90	3.38	(3.75)	9.97	(5.35)	19.66

Be your own money manager

Our tools can tell you how much better you can do entering a position in Goke Microelectronics 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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Goke Microelectronics Corporate Executives

Elected by the shareholders, the Goke Microelectronics' board of directors comprises two types of representatives: Goke Microelectronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Goke. The board's role is to monitor Goke Microelectronics' management team and ensure that shareholders' interests are well served. Goke Microelectronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Goke Microelectronics' outside directors are responsible for providing unbiased perspectives on the board's policies.

Jing Gong

Deputy CFO

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