Epoxy Base Correlations
603002 Stock | 6.25 1.12 15.20% |
The current 90-days correlation between Epoxy Base Electronic and Zijin Mining Group is 0.18 (i.e., Average diversification). The correlation of Epoxy Base 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.
Epoxy Base Correlation With Market
Significant diversification
The correlation between Epoxy Base Electronic and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Epoxy Base Electronic and DJI in the same portfolio, assuming nothing else is changed.
Epoxy |
The ability to find closely correlated positions to Epoxy Base could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Epoxy Base 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 Epoxy Base - 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 Epoxy Base Electronic to buy it.
Moving together with Epoxy Stock
0.74 | 600019 | Baoshan Iron Steel | PairCorr |
0.65 | 002493 | Rongsheng Petrochemical | PairCorr |
0.81 | 600010 | Inner Mongolia BaoTou | PairCorr |
0.8 | 002460 | Jiangxi Ganfeng Lithium | PairCorr |
0.72 | 603260 | Hoshine Silicon Ind | PairCorr |
0.78 | 600160 | Zhejiang Juhua | PairCorr |
0.64 | 601398 | Industrial and Commercial | PairCorr |
0.66 | 601939 | China Construction Bank | PairCorr |
0.66 | 601988 | Bank of China | PairCorr |
0.67 | 601658 | Postal Savings Bank | PairCorr |
Moving against Epoxy Stock
Related Correlations Analysis
0.77 | 0.61 | 0.5 | 0.39 | 601899 | ||
0.77 | 0.53 | 0.64 | 0.46 | 600309 | ||
0.61 | 0.53 | 0.89 | 0.82 | 600019 | ||
0.5 | 0.64 | 0.89 | 0.9 | 002493 | ||
0.39 | 0.46 | 0.82 | 0.9 | 603260 | ||
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Risk-Adjusted Indicators
There is a big difference between Epoxy Stock performing well and Epoxy Base 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 Epoxy Base'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
601899 | 1.69 | 0.06 | (0.04) | (0.06) | 2.16 | 3.35 | 10.10 | |||
600309 | 1.70 | 0.08 | (0.02) | (0.42) | 2.32 | 3.92 | 16.38 | |||
600019 | 1.56 | 0.26 | 0.05 | (1.65) | 1.94 | 4.80 | 17.37 | |||
002493 | 1.48 | 0.17 | 0.01 | (0.81) | 1.90 | 4.12 | 15.52 | |||
603260 | 2.03 | 0.34 | 0.07 | (1.03) | 2.44 | 4.90 | 17.89 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Epoxy Base 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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