Zhongsheng Group Correlations

5Z0 Stock

EUR 1.82 0.06 3.19%

The current 90-days correlation between Zhongsheng Group Holdings and CarMax Inc is -0.04 (i.e., Good diversification). The correlation of Zhongsheng Group 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.

Zhongsheng Group Correlation With Market

Significant diversification

The correlation between Zhongsheng Group Holdings and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhongsheng Group Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Zhongsheng Stock

0.74	CO6	Copart Inc	Pair Corr
0.68	XA4	CarMax Inc	Pair Corr
0.76	UA9	Penske Automotive	Pair Corr
0.8	LMO	Lithia Motors	Pair Corr
0.83	AWG	Asbury Automotive	Pair Corr
0.69	SVM	Sovereign Metals	Pair Corr
0.68	AQHE	Event Hospitality	Pair Corr
0.78	PTX	Palantir Technologies	Pair Corr
0.78	PCG6	PG E P6	Pair Corr
0.79	PNP	PNC Financial	Pair Corr
0.7	0XHR	Xenia Hotels Resorts	Pair Corr
0.73	FFH	Fifth Third Bancorp	Pair Corr
0.7	EQN2	Equinix	Pair Corr
0.82	EN3	Enbridge	Pair Corr
0.71	2CDA	Controladora Vuela Compaa	Pair Corr
0.72	NT4	Northern Trust	Pair Corr
0.79	CQD	Charter Communications	Pair Corr
0.82	AF4	HANOVER INSURANCE	Pair Corr
0.84	LIE	Sun Life Financial	Pair Corr
0.66	AZ5	AutoZone	Pair Corr
0.71	2T9A	TRAINLINE PLC LS	Pair Corr

Moving against Zhongsheng Stock

0.78	8VY	SCANDION ONC DK	Pair Corr
0.63	ODQ	ODYSSEY GOLD LTD	Pair Corr
0.5	AXI	Atos SE	Pair Corr
0.31	VAR1	Varta AG	Pair Corr

Related Correlations Analysis

	CO6	5Z0	XA4	DJDA	UA9	LMO	RWI	AWG	IJCA	USV
CO6		0.74	0.92	0.6	0.92	0.89	0.76	0.87	0.19	0.63	CO6
5Z0	0.74		0.68	0.41	0.76	0.8	0.52	0.83	0.1	0.55	5Z0
XA4	0.92	0.68		0.72	0.94	0.85	0.86	0.83	0.38	0.71	XA4
DJDA	0.6	0.41	0.72		0.52	0.51	0.45	0.46	0.29	0.35	DJDA
UA9	0.92	0.76	0.94	0.52		0.89	0.87	0.91	0.38	0.74	UA9
LMO	0.89	0.8	0.85	0.51	0.89		0.6	0.95	-0.01	0.48	LMO
RWI	0.76	0.52	0.86	0.45	0.87	0.6		0.67	0.66	0.86	RWI
AWG	0.87	0.83	0.83	0.46	0.91	0.95	0.67		0.14	0.55	AWG
IJCA	0.19	0.1	0.38	0.29	0.38	-0.01	0.66	0.14		0.6	IJCA
USV	0.63	0.55	0.71	0.35	0.74	0.48	0.86	0.55	0.6		USV
	CO6	5Z0	XA4	DJDA	UA9	LMO	RWI	AWG	IJCA	USV

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AWG	+ 0.95	LMO
UA9	+ 0.94	XA4
XA4	+ 0.92	CO6
UA9	+ 0.92	CO6
AWG	+ 0.91	UA9
LMO	+ 0.89	CO6

High negative correlations

IJCA

- 0.01

LMO

Risk-Adjusted Indicators

There is a big difference between Zhongsheng Stock performing well and Zhongsheng Group 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 Zhongsheng Group'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
CO6	1.37	0.29	0.22	0.36	1.04	(1.75)	2.85	(2.00)	16.12
5Z0	4.53	1.01	0.21	3.02	4.16	(5.82)	15.07	(7.21)	33.06
XA4	1.39	0.22	0.14	0.20	1.41	(1.58)	3.41	(3.09)	9.17
DJDA	1.67	0.45	0.28	(9.83)	1.23	(2.16)	3.30	(2.44)	21.90
UA9	1.09	0.05	0.04	0.08	1.07	(1.73)	2.70	(2.09)	6.93
LMO	1.52	0.33	0.20	0.32	1.27	(2.04)	3.61	(2.27)	14.05
RWI	1.30	0.00	0.01	0.03	1.50	(1.52)	3.48	(2.67)	7.00
AWG	1.50	0.23	0.11	0.28	1.47	(2.02)	4.24	(2.91)	8.86
IJCA	1.19	(0.08)	0.00	(0.08)	0.00	0.00	1.97	(2.81)	9.40
USV	1.05	0.00	(0.01)	0.03	1.25	(1.21)	2.44	(2.38)	6.62

Be your own money manager

Our tools can tell you how much better you can do entering a position in Zhongsheng Group 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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Zhongsheng Group Corporate Management

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

Zhicheng Zhang	VP Director	Profile
Yi Huang	CoFounder Chairman	Profile
Guohui Li	Joint Director	Profile
Xianfeng Tang	VP Director	Profile
Shezhen Yan	Head Relationship	Profile
Ning Yu	VP CFO	Profile
Guoqiang Li	Vice CoFounder	Profile

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