Dynagreen Environmental Correlations

Stocks . China . 
Stock . Dynagreen Environmental Protection
601330 Stock   6.72  0.19  2.91%   
The current 90-days correlation between Dynagreen Environmental and Loctek Ergonomic Technology is 0.68 (i.e., Poor diversification). The correlation of Dynagreen Environmental 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.
  
The ability to find closely correlated positions to Dynagreen Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dynagreen Environmental 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 Dynagreen Environmental - 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 Dynagreen Environmental Protection to buy it.

Moving together with Dynagreen Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dynagreen Stock performing well and Dynagreen Environmental 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 Dynagreen Environmental'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
601615  2.74  0.68  0.24  3.75  2.38 
(3.41)
 7.78 
(3.82)
 18.14 
159681  2.97  0.69  0.15 (10.35) 3.05 
(4.78)
 8.99 
(4.00)
 36.32 
159005  0.01  0.00  0.00 (1.31) 0.00 
 0.00 
 0.01 
 0.00 
 0.14 
300729  2.30  0.25  0.06  0.92  3.19 
(2.42)
 6.27 
(4.21)
 24.80 
002952  3.12  0.49  0.10 (0.94) 3.89 
(3.11)
 9.02 
(6.36)
 19.99 
516220  1.72  0.28  0.09 (2.05) 1.75 
(2.76)
 5.26 
(3.03)
 17.74 
002096  2.21  0.08  0.02  0.44  2.46 
(2.46)
 4.30 
(4.45)
 13.27 
002999  2.58  0.29  0.07  2.40  3.26 
(2.81)
 6.20 
(5.34)
 17.06 
300243  3.28  0.60  0.11 (0.95) 3.96 
(3.63)
 10.41 
(5.67)
 31.77 
603269  2.92  0.58  0.17  3.76  2.87 
(3.41)
 8.65 
(5.73)
 16.65 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dynagreen Environmental 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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Dynagreen Environmental Corporate Management

Elected by the shareholders, the Dynagreen Environmental's board of directors comprises two types of representatives: Dynagreen Environmental inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dynagreen. The board's role is to monitor Dynagreen Environmental's management team and ensure that shareholders' interests are well served. Dynagreen Environmental'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, Dynagreen Environmental's outside directors are responsible for providing unbiased perspectives on the board's policies.
Wei ZhangChief EngineerProfile
Shuguang ZhuSecretary GMProfile
Siwei PiGeneral CounselProfile
Dewei QiaoExecutive BoardProfile
Zhiyong YiChief OfficerProfile
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