Sichuan Newsnet Correlations

Stocks . China . 
Stock . Sichuan Newsnet Media
300987 Stock   16.76  0.28  1.70%   
The current 90-days correlation between Sichuan Newsnet Media and Industrial and Commercial is 0.06 (i.e., Significant diversification). The correlation of Sichuan Newsnet 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.

Sichuan Newsnet Correlation With Market

Good diversification

The correlation between Sichuan Newsnet Media and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sichuan Newsnet Media and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sichuan Newsnet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sichuan Newsnet 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 Sichuan Newsnet - 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 Sichuan Newsnet Media to buy it.

Moving together with Sichuan Stock

  0.65601398 Industrial and CommercialPairCorr
  0.73601939 China Construction BankPairCorr
  0.82600036 China Merchants BankPairCorr
  0.66601328 Bank of CommunicationsPairCorr
  0.77601658 Postal Savings BankPairCorr
  0.89688047 Loongson Technology CorpPairCorr
  0.87300608 SI TECH InformationPairCorr
  0.65002400 Guangdong AdvertisingPairCorr
  0.77000909 Soyea TechnologyPairCorr
  0.8301390 Hangzhou Gisway InfoPairCorr
  0.96300359 Qtone Education GroupPairCorr
  0.9688325 Guangdong CellwisePairCorr
  0.91300815 Eit EnvironmentalPairCorr
  0.95301379 Techshine ElectronicsPairCorr
  0.96600633 Zhejiang Daily MediaPairCorr
  0.81603818 Qumei Furniture GroupPairCorr
  0.82002466 Sichuan Tianqi LithiumPairCorr
  0.88600719 Dalian Thermal PowerPairCorr
  0.78002575 Guangdong Qunxing ToysPairCorr
  0.86000560 5I5j Holding GroupPairCorr
  0.87002847 Yankershop FoodPairCorr
  0.83603313 HealthcarePairCorr
  0.78688082 ACM Research ShanghaiPairCorr
  0.79603068 Beken CorpPairCorr
  0.8300825 Iat Automobile TechnologyPairCorr
  0.83002584 Xilong ChemicalPairCorr
  0.84601929 JiShi MediaPairCorr
  0.72000506 Zhongrun ResourcesPairCorr
  0.86300880 Ningbo Jianan ElectronicsPairCorr
  0.72603365 Shanghai Shuixing HomePairCorr
  0.76002303 Shenzhen MYS EnvironPairCorr
  0.88603969 Tianjin Silvery DragonPairCorr
  0.92688119 Sinosteel Luonai MatPairCorr
  0.88688507 Shanghai Suochen InfPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Sichuan Stock performing well and Sichuan Newsnet 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 Sichuan Newsnet'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 
601288  1.02  0.18  0.11  1.44  1.25 
(1.11)
 2.20 
(1.89)
 7.78 
601939  1.11  0.26  0.16  1.80  1.16 
(1.32)
 3.32 
(1.93)
 8.64 
601988  1.00  0.19  0.14  1.27  0.97 
(1.27)
 2.67 
(1.98)
 7.70 
601658  1.34  0.28  0.15  1.71  1.32 
(1.62)
 3.49 
(2.23)
 9.13 
601328  1.31  0.21  0.13  4.52  1.24 
(1.56)
 3.26 
(2.12)
 10.82 
601318  1.80  0.35  0.14  1.10  1.95 
(2.18)
 5.83 
(2.88)
 19.77 
600036  1.56  0.37  0.17 (3.67) 1.76 
(1.79)
 4.65 
(2.56)
 13.83 
601166  1.38  0.25  0.12  1.73  1.50 
(1.52)
 3.84 
(2.41)
 12.07 
601998  1.49  0.26  0.11  3.45  1.81 
(1.63)
 3.02 
(2.37)
 13.33 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sichuan Newsnet 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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Sichuan Newsnet Corporate Executives

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