Sichuan Chuantou Correlations

Stocks . China . 
Stock . Sichuan Chuantou Energy
600674 Stock   17.08  0.07  0.41%   
The current 90-days correlation between Sichuan Chuantou Energy and Chengdu Kanghua Biological is 0.23 (i.e., Modest diversification). The correlation of Sichuan Chuantou 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.

Sichuan Chuantou Correlation With Market

Good diversification

The correlation between Sichuan Chuantou Energy and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sichuan Chuantou Energy and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sichuan Chuantou could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sichuan Chuantou 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 Sichuan Chuantou - 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 Sichuan Chuantou Energy to buy it.

Moving against Sichuan Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Sichuan Stock performing well and Sichuan Chuantou 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 Sichuan Chuantou'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
300841  2.62  0.41  0.11  2.75  3.31 
(2.93)
 4.85 
(5.63)
 32.68 
603392  1.70  0.17  0.08  0.70  1.78 
(2.18)
 3.86 
(2.12)
 16.51 
688137  2.02  0.27  0.09  1.11  2.75 
(2.18)
 5.14 
(3.37)
 22.24 
601600  2.12  0.26  0.08  1.05  2.73 
(2.27)
 6.09 
(3.93)
 17.74 
300364  4.25  0.94  0.17 (1.87) 4.64 
(4.78)
 9.53 
(7.32)
 34.75 
001299  1.94  0.28  0.10  0.76  2.42 
(2.07)
 4.15 
(3.42)
 15.29 
000995  3.73  1.09  0.24  3.24  3.72 
(4.15)
 10.03 
(7.32)
 20.01 
600223  1.95  0.33  0.11  1.49  2.59 
(1.93)
 4.66 
(3.17)
 16.41 
605168  3.38  0.74  0.18 (5.96) 3.45 
(3.78)
 9.43 
(5.90)
 19.43 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sichuan Chuantou 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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Sichuan Chuantou Corporate Management

Elected by the shareholders, the Sichuan Chuantou's board of directors comprises two types of representatives: Sichuan Chuantou inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sichuan. The board's role is to monitor Sichuan Chuantou's management team and ensure that shareholders' interests are well served. Sichuan Chuantou'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, Sichuan Chuantou's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ping YangDeputy ManagerProfile
Jinchuan LuBoard SecretaryProfile
Xiaogang XuDeputy ManagerProfile
Hong YangVice GMProfile
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