China Citic Correlations

Stocks . China . 
Stock . China Citic Bank
601998 Stock   6.79  0.05  0.73%   
The current 90-days correlation between China Citic Bank and StarPower Semiconductor is 0.08 (i.e., Significant diversification). The correlation of China Citic 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 China Citic 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 Citic 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 Citic - 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 Citic Bank to buy it.

Moving together with China Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China Citic 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 Citic'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.

Be your own money manager

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

Elected by the shareholders, the China Citic's board of directors comprises two types of representatives: China Citic 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 Citic's management team and ensure that shareholders' interests are well served. China Citic'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 Citic's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gang HuVP OfficerProfile
Zhibin XieVPProfile
FCS FCISJoint SecretaryProfile
Qing ZhangSecretary SecretaryProfile
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