EmbedWay TechCorp Correlations

Stocks . China . 
Stock . EmbedWay TechCorp
603496 Stock   24.93  0.13  0.52%   
The current 90-days correlation between EmbedWay TechCorp and Industrial and Commercial is -0.06 (i.e., Good diversification). The correlation of EmbedWay TechCorp 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.

EmbedWay TechCorp Correlation With Market

Average diversification

The correlation between EmbedWay TechCorp and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EmbedWay TechCorp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to EmbedWay TechCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EmbedWay TechCorp 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 EmbedWay TechCorp - 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 EmbedWay TechCorp to buy it.

Moving together with EmbedWay Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between EmbedWay Stock performing well and EmbedWay TechCorp 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 EmbedWay TechCorp'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
601398  1.14  0.30  0.21  2.87  1.01 
(1.49)
 2.83 
(1.71)
 8.14 
601288  1.06  0.25  0.14  1.64  1.12 
(1.18)
 2.98 
(1.89)
 7.78 
601939  1.14  0.31  0.18  1.75  1.15 
(1.37)
 3.32 
(1.93)
 8.64 
601988  1.02  0.25  0.18  1.43  0.93 
(1.29)
 2.67 
(1.98)
 7.70 
601658  1.39  0.32  0.17  1.81  1.31 
(1.70)
 3.49 
(2.23)
 9.13 
601328  1.34  0.27  0.16  4.25  1.22 
(1.60)
 3.26 
(2.12)
 10.82 
601318  1.82  0.36  0.14  1.11  1.97 
(2.22)
 5.83 
(2.88)
 19.77 
600036  1.59  0.39  0.17 (6.71) 1.72 
(1.84)
 4.65 
(2.56)
 13.83 
601166  1.38  0.27  0.13  1.71  1.50 
(1.51)
 3.84 
(2.41)
 12.07 
601998  1.51  0.28  0.12  2.70  1.81 
(1.67)
 3.02 
(2.37)
 13.33 

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Our tools can tell you how much better you can do entering a position in EmbedWay TechCorp 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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EmbedWay TechCorp Corporate Management

Elected by the shareholders, the EmbedWay TechCorp's board of directors comprises two types of representatives: EmbedWay TechCorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EmbedWay. The board's role is to monitor EmbedWay TechCorp's management team and ensure that shareholders' interests are well served. EmbedWay TechCorp'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, EmbedWay TechCorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Xiang WangSecretary GMProfile
Fang QinChief OfficerProfile
Ming HuangDeputy ManagerProfile
Shi ZhangDeputy ManagerProfile
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