Sichuan Furong Correlations

603327 Stock

13.60 0.48 3.41%

The current 90-days correlation between Sichuan Furong Technology and Biwin Storage Technology is 0.57 (i.e., Very weak diversification). The correlation of Sichuan Furong 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 Sichuan Furong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sichuan Furong 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 Sichuan Furong - 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 Sichuan Furong Technology to buy it.

Moving together with Sichuan Stock

0.86	601628	China Life Insurance	Pair Corr
0.81	601059	Cinda Securities	Pair Corr
0.75	688072	Piotech Inc A	Pair Corr
0.83	601198	Dongxing Sec	Pair Corr
0.71	688293	Shanghai OPM Biosciences	Pair Corr
0.89	688126	National Silicon Industry	Pair Corr
0.82	000504	Nanhua Bio Medicine	Pair Corr
0.64	000061	Shenzhen Agricultural	Pair Corr
0.82	688012	Advanced Micro Fabri	Pair Corr

Related Correlations Analysis

	688525	601857	601398	601939	600028	601288	601988	600941	600036	601318
688525		0.53	0.72	0.8	0.08	0.58	0.55	0.5	0.93	0.95	688525
601857	0.53		0.62	0.61	0.81	0.6	0.58	0.73	0.62	0.6	601857
601398	0.72	0.62		0.98	0.3	0.95	0.94	0.8	0.87	0.81	601398
601939	0.8	0.61	0.98		0.23	0.93	0.9	0.73	0.92	0.87	601939
600028	0.08	0.81	0.3	0.23		0.33	0.33	0.61	0.17	0.14	600028
601288	0.58	0.6	0.95	0.93	0.33		0.96	0.77	0.76	0.68	601288
601988	0.55	0.58	0.94	0.9	0.33	0.96		0.84	0.72	0.64	601988
600941	0.5	0.73	0.8	0.73	0.61	0.77	0.84		0.58	0.54	600941
600036	0.93	0.62	0.87	0.92	0.17	0.76	0.72	0.58		0.99	600036
601318	0.95	0.6	0.81	0.87	0.14	0.68	0.64	0.54	0.99		601318
	688525	601857	601398	601939	600028	601288	601988	600941	600036	601318

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Risk-Adjusted Indicators

There is a big difference between Sichuan Stock performing well and Sichuan Furong 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 Sichuan Furong'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
688525	3.48	0.64	0.17	5.88	2.91	(4.71)	8.32	(5.23)	28.33
601857	1.32	0.02	(0.03)	(0.26)	1.97	(1.64)	3.55	(2.04)	17.17
601398	1.09	0.17	0.06	3.93	1.09	(1.38)	2.83	(2.29)	8.14
601939	1.18	0.19	0.07	2.23	1.30	(1.38)	3.32	(2.12)	8.64
600028	1.26	(0.06)	0.00	(0.27)	0.00	0.00	3.23	(3.15)	10.77
601288	1.05	0.15	0.04	9.23	1.43	(1.05)	2.13	(2.19)	7.78
601988	1.07	0.13	0.03	19.04	1.17	(1.32)	2.67	(2.33)	7.70
600941	1.01	0.08	0.00	0.75	1.06	(1.24)	2.05	(2.04)	8.38
600036	1.58	0.28	0.09	(33.01)	1.80	(1.81)	4.65	(2.62)	13.83
601318	1.82	0.35	0.12	1.09	1.97	(2.17)	5.83	(2.88)	19.77

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Our tools can tell you how much better you can do entering a position in Sichuan Furong 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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Sichuan Furong Corporate Management

Elected by the shareholders, the Sichuan Furong's board of directors comprises two types of representatives: Sichuan Furong inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sichuan. The board's role is to monitor Sichuan Furong's management team and ensure that shareholders' interests are well served. Sichuan Furong'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, Sichuan Furong's outside directors are responsible for providing unbiased perspectives on the board's policies.

Wei Huang	Board Secretary	Profile
Xuedong Xiao	Chief Controller	Profile
Changhua Peng	Deputy Manager	Profile
Yi He	Deputy Manager	Profile

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