Sihui Fuji Correlations

Stocks . China . 
Stock . Sihui Fuji Electronics
300852 Stock   29.20  0.38  1.32%   
The current 90-days correlation between Sihui Fuji Electronics and Industrial and Commercial is 0.08 (i.e., Significant diversification). The correlation of Sihui Fuji 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.

Sihui Fuji Correlation With Market

Good diversification

The correlation between Sihui Fuji Electronics and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sihui Fuji Electronics and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sihui Fuji could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sihui Fuji 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 Sihui Fuji - 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 Sihui Fuji Electronics to buy it.

Moving together with Sihui Stock

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  0.83605377 Hangzhou Huawang NewPairCorr
  0.62002400 Guangdong AdvertisingPairCorr
  0.68000639 Xiwang FoodstuffsPairCorr
  0.72600515 Hainan HNA InfrastructurePairCorr
  0.82002946 New Hope DairyPairCorr
  0.63000506 Zhongrun ResourcesPairCorr
  0.89301390 Hangzhou Gisway InfoPairCorr
  0.77603818 Qumei Furniture GroupPairCorr
  0.69000889 ZJBC Information TecPairCorr
  0.72002575 Guangdong Qunxing ToysPairCorr
  0.76000428 Huatian Hotel GroupPairCorr
  0.85603313 HealthcarePairCorr
  0.74600755 Xiamen ITG GroupPairCorr
  0.87000661 Changchun High NewPairCorr
  0.9688325 Guangdong CellwisePairCorr
  0.86688047 Loongson Technology CorpPairCorr
  0.84688507 Shanghai Suochen InfPairCorr
  0.89600498 Fiberhome TelecommunicatioPairCorr
  0.86688082 ACM Research ShanghaiPairCorr
  0.77600719 Dalian Thermal PowerPairCorr
  0.83002074 Gotion High techPairCorr
  0.83000560 5I5j Holding GroupPairCorr
  0.88605128 Shanghai Yanpu MetalPairCorr
  0.9688119 Sinosteel Luonai MatPairCorr
  0.95301379 Techshine ElectronicsPairCorr
  0.9300815 Eit EnvironmentalPairCorr
  0.92600335 Sinomach AutomobilePairCorr
  0.7000909 Soyea TechnologyPairCorr
  0.71605388 JuneYao DairyPairCorr
  0.93300359 Qtone Education GroupPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Sihui Stock performing well and Sihui Fuji 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 Sihui Fuji'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
601398  1.09  0.25  0.18  3.08  1.01 
(1.43)
 2.83 
(1.71)
 8.14 
601939  1.11  0.26  0.16  1.80  1.16 
(1.32)
 3.32 
(1.93)
 8.64 
601288  1.02  0.18  0.11  1.44  1.25 
(1.11)
 2.20 
(1.89)
 7.78 
601988  1.00  0.19  0.14  1.27  0.97 
(1.27)
 2.67 
(1.98)
 7.70 
601857  1.28  0.12  0.05 (4.50) 1.83 
(1.59)
 3.55 
(2.03)
 17.17 
600036  1.56  0.37  0.17 (3.67) 1.76 
(1.79)
 4.65 
(2.56)
 13.83 
600938  1.38  0.17  0.07 (1.78) 1.90 
(1.47)
 3.25 
(2.13)
 16.49 
600941  1.05  0.17  0.14 (8.04) 0.96 
(1.37)
 3.09 
(2.04)
 8.38 
601328  1.31  0.21  0.13  4.52  1.24 
(1.56)
 3.26 
(2.12)
 10.82 
601658  1.34  0.28  0.15  1.71  1.32 
(1.62)
 3.49 
(2.23)
 9.13 

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