Bright Dairy Correlations
| 600597 Stock | 8.99 0.08 0.88% |
The current 90-days correlation between Bright Dairy Food and Nanjing Putian Telecommunications is 0.35 (i.e., Weak diversification). The correlation of Bright Dairy 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.
Bright Dairy Correlation With Market
Significant diversification
The correlation between Bright Dairy Food and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bright Dairy Food and DJI in the same portfolio, assuming nothing else is changed.
Bright |
The ability to find closely correlated positions to Bright Dairy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bright Dairy 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 Bright Dairy - 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 Bright Dairy Food to buy it.
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Bright Stock performing well and Bright Dairy 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 Bright Dairy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 200468 | 3.51 | 1.23 | 0.31 | (14.14) | 3.07 | 9.69 | 20.07 | |||
| 600322 | 4.18 | 1.23 | 0.23 | 1.22 | 4.09 | 10.11 | 20.26 | |||
| 300391 | 4.99 | 0.93 | 0.14 | (3.37) | 5.37 | 20.04 | 35.48 | |||
| 002168 | 2.68 | 0.44 | 0.13 | 0.53 | 2.91 | 5.09 | 14.88 | |||
| 300301 | 2.87 | 0.65 | 0.16 | (5.70) | 3.30 | 7.69 | 24.85 | |||
| 000692 | 2.85 | 0.74 | 0.23 | 3.57 | 2.77 | 9.88 | 17.12 | |||
| 300013 | 3.43 | 0.77 | 0.18 | 2.02 | 3.62 | 8.58 | 23.57 | |||
| 600462 | 2.55 | 0.42 | 0.14 | 1.47 | 2.77 | 5.22 | 10.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bright Dairy 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?
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Bright Dairy Corporate Management
Elected by the shareholders, the Bright Dairy's board of directors comprises two types of representatives: Bright Dairy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bright. The board's role is to monitor Bright Dairy's management team and ensure that shareholders' interests are well served. Bright Dairy'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, Bright Dairy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| NA NA | Accounting Supervisor | Profile | |
| Ruibing Liu | Chief Officer | Profile | |
| Zan Wang | Deputy Mang | Profile | |
| Xiaoyan Shen | Secretary Board | Profile |