Jinsanjiang Silicon Correlations
| 301059 Stock | 11.51 0.36 3.23% |
The current 90-days correlation between Jinsanjiang Silicon and Hefei Metalforming Mach is 0.53 (i.e., Very weak diversification). The correlation of Jinsanjiang Silicon 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.
Jinsanjiang Silicon Correlation With Market
Good diversification
The correlation between Jinsanjiang Silicon Material and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jinsanjiang Silicon Material and DJI in the same portfolio, assuming nothing else is changed.
Jinsanjiang |
The ability to find closely correlated positions to Jinsanjiang Silicon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jinsanjiang Silicon 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 Jinsanjiang Silicon - 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 Jinsanjiang Silicon Material to buy it.
Moving together with Jinsanjiang Stock
| 0.84 | 600019 | Baoshan Iron Steel | PairCorr |
| 0.84 | 002493 | Rongsheng Petrochemical | PairCorr |
| 0.89 | 600010 | Inner Mongolia BaoTou | PairCorr |
| 0.86 | 002460 | Jiangxi Ganfeng Lithium | PairCorr |
| 0.9 | 603260 | Hoshine Silicon Ind | PairCorr |
| 0.87 | 600160 | Zhejiang Juhua | PairCorr |
| 0.82 | 000807 | Yunnan Aluminium | PairCorr |
| 0.86 | 601336 | New China Life | PairCorr |
| 0.86 | 002236 | Zhejiang Dahua Technology | PairCorr |
| 0.91 | 900957 | Shanghai Lingyun Ind | PairCorr |
Related Correlations Analysis
| 0.86 | 0.83 | 0.92 | 0.93 | 0.92 | 0.92 | 603011 | ||
| 0.86 | 0.71 | 0.87 | 0.84 | 0.8 | 0.89 | 603365 | ||
| 0.83 | 0.71 | 0.89 | 0.93 | 0.92 | 0.87 | 002572 | ||
| 0.92 | 0.87 | 0.89 | 0.93 | 0.94 | 0.96 | 603216 | ||
| 0.93 | 0.84 | 0.93 | 0.93 | 0.97 | 0.96 | 603833 | ||
| 0.92 | 0.8 | 0.92 | 0.94 | 0.97 | 0.96 | 601388 | ||
| 0.92 | 0.89 | 0.87 | 0.96 | 0.96 | 0.96 | 603180 | ||
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Risk-Adjusted Indicators
There is a big difference between Jinsanjiang Stock performing well and Jinsanjiang Silicon 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 Jinsanjiang Silicon'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 603011 | 2.66 | 0.57 | 0.12 | (3.78) | 3.18 | 6.16 | 18.58 | |||
| 603365 | 2.31 | 0.40 | 0.11 | 1.62 | 2.42 | 6.95 | 18.47 | |||
| 002572 | 2.85 | 0.50 | 0.12 | 64.52 | 2.60 | 7.72 | 19.97 | |||
| 603216 | 1.40 | 0.37 | 0.08 | (1.52) | 2.06 | 3.02 | 15.60 | |||
| 603833 | 3.12 | 0.64 | 0.17 | 1.63 | 2.81 | 8.19 | 20.00 | |||
| 601388 | 2.03 | 0.39 | 0.08 | (1.39) | 2.34 | 3.86 | 19.26 | |||
| 603180 | 1.93 | 0.41 | 0.12 | 1.32 | 2.48 | 4.70 | 19.32 |
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Jinsanjiang Silicon Corporate Executives
Elected by the shareholders, the Jinsanjiang Silicon's board of directors comprises two types of representatives: Jinsanjiang Silicon inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jinsanjiang. The board's role is to monitor Jinsanjiang Silicon's management team and ensure that shareholders' interests are well served. Jinsanjiang Silicon'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, Jinsanjiang Silicon's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jiandong Wu | Deputy CFO | Profile | |
| Qin Luo | Financial CFO | Profile |