WuXi AppTec Correlations

Stocks . China . 
Stock . WuXi AppTec Co
603259 Stock   55.79  0.12  0.21%   
The current 90-days correlation between WuXi AppTec and Poly Real Estate is 0.42 (i.e., Very weak diversification). The correlation of WuXi AppTec 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.

WuXi AppTec Correlation With Market

Significant diversification

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

Moving together with WuXi Stock

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  0.73002065 Dhc SoftwarePairCorr
  0.83000995 Gansu Huangtai WinePairCorr
  0.68000036 China Union HoldingsPairCorr
  0.85000963 Huadong MedicinePairCorr
  0.77300729 Loctek Ergonomic TecPairCorr
  0.84300939 Shenzhen AV DisplayPairCorr
  0.79603610 Keeson Technology CorpPairCorr
  0.86600170 Shanghai ConstructionPairCorr
  0.87000661 Changchun High NewPairCorr
  0.8603800 Suzhou Douson DrillingPairCorr
  0.61002432 Andon HealthPairCorr
  0.81002812 Yunnan Chuangxin NewPairCorr
  0.62002115 Sunwave CommunicationsPairCorr
  0.71001323 De Rucci HealthyPairCorr
  0.86000761 Bengang Steel PlatesPairCorr
  0.88300894 Marssenger KitchenwarePairCorr
  0.75688603 Guangdong SkychemPairCorr
  0.71600363 Jiangxi Lianchuang OptoPairCorr
  0.83600084 Citic Guoan WinePairCorr
  0.89002555 37 Interactive EnterPairCorr
  0.73603659 Shanghai Putailai NewPairCorr
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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between WuXi Stock performing well and WuXi AppTec 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 WuXi AppTec'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
600048  2.14  0.37  0.11  7.75  2.89 
(2.39)
 5.27 
(3.62)
 20.02 
000002  2.37  0.38  0.11 (1.23) 2.72 
(2.67)
 8.70 
(3.22)
 20.01 
001979  2.30  0.34  0.10  2.88  2.74 
(2.31)
 4.99 
(3.86)
 19.96 
600325  1.97  0.25  0.08  1.78  2.70 
(2.11)
 3.81 
(3.24)
 20.03 
601995  2.43  0.38  0.12 (1.90) 2.75 
(2.95)
 8.00 
(4.75)
 20.01 
600519  1.71  0.17  0.07  0.61  1.81 
(2.11)
 6.55 
(2.98)
 16.71 
600153  2.01  0.55  0.20 (2.03) 2.16 
(2.45)
 6.39 
(3.19)
 19.45 
300750  2.77  0.60  0.16 (2.47) 3.05 
(3.23)
 7.94 
(3.41)
 33.42 
600340  5.40  1.89  0.28 (7.64) 4.73 
(6.40)
 10.14 
(9.82)
 20.42 

Be your own money manager

Our tools can tell you how much better you can do entering a position in WuXi AppTec 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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WuXi AppTec Corporate Management

Elected by the shareholders, the WuXi AppTec's board of directors comprises two types of representatives: WuXi AppTec inside directors who are chosen from within the company, and outside directors, selected externally and held independent of WuXi. The board's role is to monitor WuXi AppTec's management team and ensure that shareholders' interests are well served. WuXi AppTec'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, WuXi AppTec's outside directors are responsible for providing unbiased perspectives on the board's policies.
Youchu WangSenior DevelopmentProfile
Xiaoyong FuSenior BusinessProfile
Jinling ChenSenior BusinessProfile
Zhaohui ZhangExecutive ChinaProfile
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