Kunwu Jiuding Correlations

600053 Stock

16.29 0.17 1.03%

The current 90-days correlation between Kunwu Jiuding Investment and G bits Network Technology is 0.55 (i.e., Very weak diversification). The correlation of Kunwu Jiuding 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.

Kunwu Jiuding Correlation With Market

Average diversification

The correlation between Kunwu Jiuding Investment and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kunwu Jiuding Investment and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kunwu Stock

0.8	601668	China State Construction	Pair Corr
0.91	600048	Poly Real Estate	Pair Corr
0.94	000002	China Vanke	Pair Corr
0.94	001979	China Merchants Shekou	Pair Corr
0.92	600325	Huafa Industrial	Pair Corr
0.95	601995	China International	Pair Corr
0.82	600519	Kweichow Moutai	Pair Corr
0.91	600153	Xiamen CD	Pair Corr
0.92	300750	Contemporary Amperex	Pair Corr
0.68	600340	China Fortune Land	Pair Corr
0.95	002236	Zhejiang Dahua Technology	Pair Corr
0.85	600742	Changchun Faway Auto	Pair Corr
0.89	900957	Shanghai Lingyun Ind	Pair Corr

Related Correlations Analysis

	600519	300750	603444	002594	688169	000596	002371	300760
600519		0.84	0.72	0.84	0.34	0.94	0.77	0.92	600519
300750	0.84		0.68	0.91	0.27	0.89	0.94	0.9	300750
603444	0.72	0.68		0.83	0.72	0.62	0.51	0.77	603444
002594	0.84	0.91	0.83		0.56	0.82	0.8	0.9	002594
688169	0.34	0.27	0.72	0.56		0.23	0.06	0.42	688169
000596	0.94	0.89	0.62	0.82	0.23		0.89	0.93	000596
002371	0.77	0.94	0.51	0.8	0.06	0.89		0.84	002371
300760	0.92	0.9	0.77	0.9	0.42	0.93	0.84		300760
	600519	300750	603444	002594	688169	000596	002371	300760

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Risk-Adjusted Indicators

There is a big difference between Kunwu Stock performing well and Kunwu Jiuding 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 Kunwu Jiuding'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
600519	1.69	0.07	0.00	0.26	1.87	(2.04)	6.55	(2.98)	16.71
300750	2.72	0.65	0.16	(587.86)	3.09	(3.34)	7.94	(3.41)	33.42
603444	2.69	0.20	0.04	0.55	3.08	(3.13)	5.21	(4.79)	18.75
002594	1.90	0.18	0.06	0.40	1.94	(2.25)	5.74	(3.34)	14.84
688169	3.27	0.11	0.01	0.47	4.18	(3.64)	6.51	(5.72)	34.80
000596	2.81	0.11	0.02	0.34	3.00	(3.38)	9.98	(4.36)	20.00
002371	2.37	0.42	0.14	1.13	2.11	(2.72)	9.80	(3.99)	15.93
300760	2.30	0.10	0.01	0.40	2.70	(2.60)	9.90	(4.56)	19.76

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Our tools can tell you how much better you can do entering a position in Kunwu Jiuding 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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Kunwu Jiuding Corporate Executives

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

Ling Yi

Deputy CFO

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