ACM Research Correlations
| 688082 Stock | 106.18 1.23 1.17% |
The current 90-days correlation between ACM Research Shanghai and Tianjin Realty Development is 0.21 (i.e., Modest diversification). The correlation of ACM Research 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.
ACM Research Correlation With Market
Significant diversification
The correlation between ACM Research Shanghai and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACM Research Shanghai and DJI in the same portfolio, assuming nothing else is changed.
ACM |
The ability to find closely correlated positions to ACM Research could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ACM Research 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 ACM Research - 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 ACM Research Shanghai to buy it.
Moving together with ACM Stock
| 0.65 | 601939 | China Construction Bank | PairCorr |
| 0.74 | 601658 | Postal Savings Bank | PairCorr |
| 0.61 | 601328 | Bank of Communications | PairCorr |
| 0.86 | 601318 | Ping An Insurance | PairCorr |
| 0.82 | 600036 | China Merchants Bank | PairCorr |
| 0.73 | 601166 | Industrial Bank | PairCorr |
| 0.76 | 601998 | China Citic Bank | PairCorr |
| 0.67 | 603969 | Tianjin Silvery Dragon | PairCorr |
| 0.61 | 000420 | Jilin Chemical Fibre | PairCorr |
| 0.87 | 688047 | Loongson Technology Corp | PairCorr |
| 0.74 | 603313 | Healthcare | PairCorr |
| 0.66 | 603068 | Beken Corp | PairCorr |
| 0.77 | 600498 | Fiberhome Telecommunicatio | PairCorr |
| 0.86 | 300433 | Lens Technology | PairCorr |
| 0.87 | 688325 | Guangdong Cellwise | PairCorr |
| 0.82 | 002382 | Blue Sail Medical | PairCorr |
| 0.84 | 301379 | Techshine Electronics | PairCorr |
| 0.71 | 300825 | Iat Automobile Technology | PairCorr |
| 0.63 | 002946 | New Hope Dairy | PairCorr |
| 0.63 | 600719 | Dalian Thermal Power | PairCorr |
| 0.62 | 600455 | ButOne Information Corp | PairCorr |
| 0.81 | 600755 | Xiamen ITG Group | PairCorr |
| 0.84 | 300359 | Qtone Education Group | PairCorr |
| 0.71 | 301390 | Hangzhou Gisway Info | PairCorr |
| 0.87 | 002466 | Sichuan Tianqi Lithium | PairCorr |
| 0.82 | 000560 | 5I5j Holding Group | PairCorr |
| 0.85 | 300219 | Guangzhou Hongli Opto | PairCorr |
| 0.82 | 000617 | CNPC Capital | PairCorr |
| 0.68 | 600515 | Hainan HNA Infrastructure | PairCorr |
Related Correlations Analysis
| 0.84 | 0.91 | 0.52 | 0.89 | 0.89 | 0.41 | 200468 | ||
| 0.84 | 0.78 | 0.66 | 0.91 | 0.87 | 0.63 | 600322 | ||
| 0.91 | 0.78 | 0.45 | 0.87 | 0.88 | 0.37 | 300391 | ||
| 0.52 | 0.66 | 0.45 | 0.71 | 0.73 | 0.92 | 002168 | ||
| 0.89 | 0.91 | 0.87 | 0.71 | 0.95 | 0.65 | 300301 | ||
| 0.89 | 0.87 | 0.88 | 0.73 | 0.95 | 0.62 | 300013 | ||
| 0.41 | 0.63 | 0.37 | 0.92 | 0.65 | 0.62 | 600462 | ||
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Risk-Adjusted Indicators
There is a big difference between ACM Stock performing well and ACM Research 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 ACM Research'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 200468 | 3.56 | 1.28 | 0.32 | 7.95 | 2.97 | 9.69 | 20.07 | |||
| 600322 | 4.17 | 1.24 | 0.23 | 1.20 | 4.08 | 10.11 | 20.26 | |||
| 300391 | 4.94 | 0.97 | 0.15 | (24.55) | 5.30 | 20.04 | 35.48 | |||
| 002168 | 2.59 | 0.25 | 0.07 | 0.54 | 3.04 | 5.08 | 10.20 | |||
| 300301 | 2.85 | 0.69 | 0.17 | 1.52 | 3.33 | 7.69 | 24.85 | |||
| 300013 | 3.46 | 0.83 | 0.19 | 1.75 | 3.67 | 8.58 | 23.57 | |||
| 600462 | 2.65 | 0.33 | 0.10 | 1.92 | 3.03 | 5.22 | 10.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ACM Research 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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