Orient Sec Correlations

Stocks . China . 
Stock . Orient Sec Co
600958 Stock   10.55  0.04  0.38%   
The current 90-days correlation between Orient Sec and Beijing Roborock Technology is 0.7 (i.e., Poor diversification). The correlation of Orient Sec 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.

Orient Sec Correlation With Market

Significant diversification

The correlation between Orient Sec Co 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 Orient Sec Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Orient Sec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orient Sec 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 Orient Sec - 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 Orient Sec Co to buy it.

Moving together with Orient Stock

  0.89300815 Eit EnvironmentalPairCorr
  0.92688119 Sinosteel Luonai MatPairCorr
  0.91301379 Techshine ElectronicsPairCorr
  0.65603365 Shanghai Shuixing HomePairCorr
  0.89300433 Lens TechnologyPairCorr
  0.91600633 Zhejiang Daily MediaPairCorr
  0.75603969 Tianjin Silvery DragonPairCorr
  0.73600719 Dalian Thermal PowerPairCorr
  0.83600755 Xiamen ITG GroupPairCorr
  0.7603800 Suzhou Douson DrillingPairCorr
  0.92688082 ACM Research ShanghaiPairCorr
  0.86688325 Guangdong CellwisePairCorr
  0.66603103 Hengdian EntertainmentPairCorr
  0.88300608 SI TECH InformationPairCorr
  0.9600584 JCET GroupPairCorr
  0.96000661 Changchun High NewPairCorr
  0.95601059 Cinda SecuritiesPairCorr
  0.9300359 Qtone Education GroupPairCorr
  0.81600515 Hainan HNA InfrastructurePairCorr
  0.7600455 ButOne Information CorpPairCorr
  0.82300221 Guangdong Silvere SciPairCorr
  0.65601929 JiShi MediaPairCorr
  0.86601598 Sinotrans ClassPairCorr
  0.88002382 Blue Sail MedicalPairCorr
  0.62605388 JuneYao DairyPairCorr
  0.86605128 Shanghai Yanpu MetalPairCorr
  0.86600498 Fiberhome TelecommunicatioPairCorr
  0.71603068 Beken CorpPairCorr
  0.88000761 Bengang Steel PlatesPairCorr
  0.9688507 Shanghai Suochen InfPairCorr
  0.68002303 Shenzhen MYS EnvironPairCorr
  0.75002584 Xilong ChemicalPairCorr
  0.74000428 Huatian Hotel GroupPairCorr
  0.92000560 5I5j Holding GroupPairCorr

Related Correlations Analysis

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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   
000596
+ 0.95
200596
000596
+ 0.92
600519
300760
+ 0.92
000596
300760
+ 0.91
002594
200596
+ 0.9
600519
300760
+ 0.9
600519
  
High negative correlations   
002371
- 0.21
688169
688169
- 0.07
300750

Risk-Adjusted Indicators

There is a big difference between Orient Stock performing well and Orient Sec 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 Orient Sec'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
600519  1.71  0.17  0.07  0.61  1.81 
(2.11)
 6.55 
(2.98)
 16.71 
300750  2.77  0.60  0.16 (2.47) 3.05 
(3.23)
 7.94 
(3.41)
 33.42 
603444  2.60  0.23  0.06 (1.22) 3.30 
(2.69)
 5.75 
(4.79)
 18.75 
002594  1.77  0.14  0.05  1.40  2.01 
(1.92)
 5.33 
(2.93)
 14.84 
688169  3.04 (0.04) 0.00  0.87  0.00 
 0.00 
 5.74 
(5.72)
 34.80 
200596  1.83  0.25  0.10  2.78  2.14 
(2.14)
 4.80 
(2.38)
 18.31 
000596  2.74  0.27  0.08  0.49  2.92 
(3.08)
 9.98 
(4.49)
 20.00 
002371  2.46  0.53  0.19  1.47  2.18 
(2.72)
 9.80 
(3.99)
 15.93 
300760  2.16  0.12  0.04 (0.98) 2.51 
(2.58)
 4.81 
(3.75)
 19.76 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Orient Sec 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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Orient Sec Corporate Management

Elected by the shareholders, the Orient Sec's board of directors comprises two types of representatives: Orient Sec inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Orient. The board's role is to monitor Orient Sec's management team and ensure that shareholders' interests are well served. Orient Sec'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, Orient Sec's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bin YangChief VPProfile
CPA CPAJoint SecProfile
Jiang HeleiChief OfficerProfile
Da LuChief OfficerProfile
Wenjie LiuHead TeamProfile
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