NBTM New Correlations
| 600114 Stock | 16.03 0.59 3.55% |
The current 90-days correlation between NBTM New Materials and Cinda Securities Co is 0.62 (i.e., Poor diversification). The correlation of NBTM New 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.
NBTM New Correlation With Market
Significant diversification
The correlation between NBTM New Materials and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NBTM New Materials and DJI in the same portfolio, assuming nothing else is changed.
NBTM |
The ability to find closely correlated positions to NBTM New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NBTM New 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 NBTM New - 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 NBTM New Materials to buy it.
Moving together with NBTM Stock
| 0.75 | 600755 | Xiamen ITG Group | PairCorr |
| 0.86 | 000617 | CNPC Capital | PairCorr |
| 0.69 | 300359 | Qtone Education Group | PairCorr |
| 0.64 | 688047 | Loongson Technology Corp | PairCorr |
| 0.71 | 301379 | Techshine Electronics | PairCorr |
| 0.73 | 002847 | Yankershop Food | PairCorr |
| 0.72 | 600633 | Zhejiang Daily Media | PairCorr |
| 0.62 | 600498 | Fiberhome Telecommunicatio | PairCorr |
| 0.66 | 300815 | Eit Environmental | PairCorr |
| 0.67 | 688325 | Guangdong Cellwise | PairCorr |
| 0.74 | 688082 | ACM Research Shanghai | PairCorr |
| 0.86 | 300433 | Lens Technology | PairCorr |
| 0.61 | 002074 | Gotion High tech | PairCorr |
| 0.61 | 002382 | Blue Sail Medical | PairCorr |
| 0.65 | 688507 | Shanghai Suochen Inf | PairCorr |
| 0.65 | 605128 | Shanghai Yanpu Metal | PairCorr |
| 0.7 | 000560 | 5I5j Holding Group | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between NBTM Stock performing well and NBTM New 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 NBTM New'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601628 | 2.13 | 0.34 | 0.11 | 0.89 | 2.54 | 6.42 | 20.00 | |||
| 601059 | 2.44 | 0.34 | 0.10 | (30.86) | 2.79 | 7.43 | 20.10 | |||
| 688072 | 3.64 | 0.68 | 0.17 | 5.95 | 3.36 | 11.70 | 30.46 | |||
| 601198 | 2.74 | 0.57 | 0.15 | (2.18) | 2.97 | 9.99 | 20.42 | |||
| 688293 | 3.62 | 0.73 | 0.16 | (0.70) | 3.67 | 11.13 | 29.27 | |||
| 688126 | 3.55 | 0.67 | 0.20 | 3.47 | 2.98 | 14.22 | 29.35 | |||
| 603993 | 1.86 | 0.10 | 0.03 | (0.53) | 2.33 | 4.34 | 14.34 | |||
| 000504 | 2.77 | 0.33 | 0.09 | (1.32) | 3.22 | 7.29 | 17.21 | |||
| 000061 | 1.72 | 0.46 | 0.18 | 1.09 | 1.78 | 4.90 | 15.40 | |||
| 688012 | 3.33 | 0.74 | 0.20 | 1.52 | 2.90 | 12.89 | 29.70 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NBTM New 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.Did you try this?
Run Balance Of Power Now
Balance Of PowerCheck stock momentum by analyzing Balance Of Power indicator and other technical ratios |
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NBTM New Corporate Management
Elected by the shareholders, the NBTM New's board of directors comprises two types of representatives: NBTM New inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NBTM. The board's role is to monitor NBTM New's management team and ensure that shareholders' interests are well served. NBTM New'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, NBTM New's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yong Huang | Assistant Mang | Profile | |
| Zenger Yan | Assistant Manager | Profile | |
| Ling He | Deputy Manager | Profile | |
| Kai Xu | Deputy Mang | Profile |