China CYTS Correlations

Stocks . China . 
Stock . China CYTS Tours
600138 Stock   10.43  0.06  0.58%   
The current 90-days correlation between China CYTS Tours and Bank of China is -0.29 (i.e., Very good diversification). The correlation of China CYTS 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.

China CYTS Correlation With Market

Good diversification

The correlation between China CYTS Tours and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China CYTS Tours and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to China CYTS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China CYTS 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 China CYTS - 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 China CYTS Tours to buy it.

Moving together with China Stock

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  0.86900934 Shanghai Jin JiangPairCorr
  0.65000408 Zangge HoldingPairCorr
  0.82300939 Shenzhen AV DisplayPairCorr
  0.71300729 Loctek Ergonomic TecPairCorr
  0.78603688 Jiangsu Pacific QuartzPairCorr
  0.7601636 Zhuzhou Kibing GroupPairCorr
  0.61600104 SAIC Motor CorpPairCorr
  0.64002168 Shenzhen HifuturePairCorr
  0.72603610 Keeson Technology CorpPairCorr
  0.81300301 Shenzhen Changfang LightPairCorr
  0.73000661 Changchun High NewPairCorr
  0.71601002 Gem Year IndustrialPairCorr
  0.64600363 Jiangxi Lianchuang OptoPairCorr
  0.8002555 37 Interactive EnterPairCorr
  0.71002812 Yunnan Chuangxin NewPairCorr
  0.8600170 Shanghai ConstructionPairCorr
  0.69001323 De Rucci HealthyPairCorr
  0.87000963 Huadong MedicinePairCorr
  0.88603259 WuXi AppTecPairCorr
  0.77002295 Guangdong Jingyi MetalPairCorr
  0.76605168 Threes CompanyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China CYTS 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 China CYTS'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
601988  1.01  0.26  0.18  1.72  0.92 
(1.28)
 2.67 
(1.98)
 7.70 
600519  1.62  0.30  0.14  1.03  1.57 
(2.01)
 6.55 
(2.41)
 16.71 
601857  1.34  0.21  0.08  11.37  1.80 
(1.75)
 3.55 
(2.01)
 17.17 
601328  1.33  0.25  0.14  4.40  1.23 
(1.58)
 3.26 
(2.12)
 10.82 
600941  1.07  0.21  0.15 (9.05) 0.95 
(1.38)
 3.09 
(2.04)
 8.38 
601318  1.79  0.31  0.12  0.95  1.94 
(2.21)
 5.83 
(2.88)
 19.77 
600000  1.40  0.30  0.16  2.08  1.29 
(1.68)
 3.69 
(2.14)
 10.95 
601398  1.14  0.31  0.21  3.79  1.00 
(1.49)
 2.83 
(1.71)
 8.14 
600016  1.34  0.28  0.12  5.01  1.53 
(1.54)
 3.39 
(2.31)
 12.81 
600028  1.18  0.08  0.03  0.74  1.58 
(1.31)
 2.51 
(1.89)
 10.77 

Be your own money manager

Our tools can tell you how much better you can do entering a position in China CYTS 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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China CYTS Corporate Management

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