Tsinghuatongfang Correlations

Stocks . China . 
Stock . Tsinghuatongfang Co
600100 Stock   7.64  0.05  0.65%   
The current 90-days correlation between Tsinghuatongfang and Industrial and Commercial is -0.1 (i.e., Good diversification). The correlation of Tsinghuatongfang 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.

Tsinghuatongfang Correlation With Market

Significant diversification

The correlation between Tsinghuatongfang Co and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tsinghuatongfang Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Tsinghuatongfang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tsinghuatongfang 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 Tsinghuatongfang - 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 Tsinghuatongfang Co to buy it.

Moving together with Tsinghuatongfang Stock

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  0.72300894 Marssenger KitchenwarePairCorr
  0.87002152 GRG Banking EquipmentPairCorr
  0.74603103 Hengdian EntertainmentPairCorr
  0.88603659 Shanghai Putailai NewPairCorr
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  0.83002065 Dhc SoftwarePairCorr
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  0.85002295 Guangdong Jingyi MetalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Tsinghuatongfang Stock performing well and Tsinghuatongfang 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 Tsinghuatongfang'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 

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

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