Tinavi Medical Correlations

Stocks . China . 
Stock . Tinavi Medical Technologies
688277 Stock   10.66  0.08  0.74%   
The current 90-days correlation between Tinavi Medical Techn and Loctek Ergonomic Technology is 0.64 (i.e., Poor diversification). The correlation of Tinavi Medical 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.

Tinavi Medical Correlation With Market

Significant diversification

The correlation between Tinavi Medical Technologies and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tinavi Medical Technologies and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Tinavi Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tinavi Medical 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 Tinavi Medical - 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 Tinavi Medical Technologies to buy it.

Moving together with Tinavi Stock

  0.87002065 Dhc SoftwarePairCorr
  0.8603365 Shanghai Shuixing HomePairCorr
  0.9688047 Loongson Technology CorpPairCorr
  0.81001323 De Rucci HealthyPairCorr
  0.69000661 Changchun High NewPairCorr
  0.72002115 Sunwave CommunicationsPairCorr
  0.74000428 Huatian Hotel GroupPairCorr
  0.67000761 Bengang Steel PlatesPairCorr
  0.78600719 Dalian Thermal PowerPairCorr
  0.88002946 New Hope DairyPairCorr
  0.64601865 Flat Glass GroupPairCorr
  0.84603800 Suzhou Douson DrillingPairCorr
  0.69000560 5I5j Holding GroupPairCorr
  0.86000909 Soyea TechnologyPairCorr
  0.69000609 Beijing MainstreetsPairCorr
  0.83605388 JuneYao DairyPairCorr
  0.83603969 Tianjin Silvery DragonPairCorr
  0.9002152 GRG Banking EquipmentPairCorr
  0.8300894 Marssenger KitchenwarePairCorr
  0.82603659 Shanghai Putailai NewPairCorr
  0.74600804 Dr Peng TelecomPairCorr
  0.88600335 Sinomach AutomobilePairCorr
  0.86688603 Guangdong SkychemPairCorr
  0.88603818 Qumei Furniture GroupPairCorr
  0.88002303 Shenzhen MYS EnvironPairCorr
  0.84605168 Threes CompanyPairCorr
  0.92300815 Eit EnvironmentalPairCorr
  0.87688325 Guangdong CellwisePairCorr
  0.78600363 Jiangxi Lianchuang OptoPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Tinavi Stock performing well and Tinavi Medical 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 Tinavi Medical'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
601336  2.55  0.70  0.29  1.19  1.93 
(3.25)
 8.54 
(4.03)
 16.01 
601615  2.73  0.70  0.25  3.16  2.38 
(3.41)
 7.78 
(3.82)
 18.14 
159681  2.97  0.69  0.16 (16.23) 3.05 
(4.78)
 8.99 
(4.00)
 36.32 
159005  0.01  0.00  0.00 (1.32) 0.00 
 0.00 
 0.01 
 0.00 
 0.14 
300729  2.28  0.27  0.07  0.92  3.19 
(2.35)
 6.27 
(4.21)
 24.80 
002952  3.24  0.60  0.13 (0.83) 3.81 
(3.31)
 9.99 
(6.36)
 19.99 
516220  1.70  0.30  0.10 (3.11) 1.72 
(2.76)
 5.26 
(3.03)
 17.74 
002096  2.22  0.09  0.03  0.47  2.46 
(2.46)
 4.30 
(4.45)
 13.27 
002999  2.62  0.34  0.09  4.92  3.26 
(2.90)
 6.20 
(5.34)
 17.06 
300243  3.27  0.60  0.12 (1.12) 3.95 
(3.63)
 10.41 
(5.67)
 31.77 

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Our tools can tell you how much better you can do entering a position in Tinavi Medical 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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Tinavi Medical Corporate Management

Elected by the shareholders, the Tinavi Medical's board of directors comprises two types of representatives: Tinavi Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tinavi. The board's role is to monitor Tinavi Medical's management team and ensure that shareholders' interests are well served. Tinavi Medical'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, Tinavi Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
Xiangcheng JiaDeputy MangProfile
Tiechang LiuDeputy ManagerProfile
Min QiFinancial ControllerProfile
Junhui HuangBoard SecretaryProfile
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