Shenzhen Investment Correlations

SIHBY Stock

USD 2.62 0.00 0.00%

The current 90-days correlation between Shenzhen Investment Bay and Sichuan Expressway is -0.01 (i.e., Good diversification). The correlation of Shenzhen Investment 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Shenzhen Investment Correlation With Market

Good diversification

The correlation between Shenzhen Investment Bay and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shenzhen Investment Bay and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Shenzhen Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shenzhen Investment 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 Shenzhen Investment - 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 Shenzhen Investment Bay to buy it.

Moving together with Shenzhen Pink Sheet

0.61	FRRVF	Ferrovial	Pair Corr
0.63	ACA	Arcosa Inc	Pair Corr
0.62	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.69	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.68	DASH	DoorDash, Class A Sell-off Trend	Pair Corr
0.64	PLTR	Palantir Technologies Buyout Trend	Pair Corr
0.65	MSTR	MicroStrategy Incorporated	Pair Corr
0.7	INCY	Incyte Potential Growth	Pair Corr
0.63	GLW	Corning Incorporated Sell-off Trend	Pair Corr
0.67	MTZ	MasTec Inc	Pair Corr
0.66	VSCO	Victorias Secret Sell-off Trend	Pair Corr
0.67	IBRX	Immunitybio	Pair Corr

Moving against Shenzhen Pink Sheet

0.66	VRRM	Verra Mobility Corp Potential Growth	Pair Corr
0.56	TRAUF	Transurban Group	Pair Corr
0.36	NEON	Neonode	Pair Corr

Related Correlations Analysis

	JEXYY	JEXYF	SEXHF	ZHEXF	GZITF	SZIHF	FRRVY
JEXYY		0.48	0.04	0.48	-0.01	0.0	-0.05	JEXYY
JEXYF	0.48		0.07	0.63	-0.05	0.0	-0.24	JEXYF
SEXHF	0.04	0.07		0.44	0.96	0.0	-0.42	SEXHF
ZHEXF	0.48	0.63	0.44		0.34	0.0	-0.33	ZHEXF
GZITF	-0.01	-0.05	0.96	0.34		0.0	-0.26	GZITF
SZIHF	0.0	0.0	0.0	0.0	0.0		0.0	SZIHF
FRRVY	-0.05	-0.24	-0.42	-0.33	-0.26	0.0		FRRVY
	JEXYY	JEXYF	SEXHF	ZHEXF	GZITF	SZIHF	FRRVY

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GZITF	+ 0.96	SEXHF
ZHEXF	+ 0.63	JEXYF
JEXYF	+ 0.48	JEXYY
ZHEXF	+ 0.48	JEXYY
ZHEXF	+ 0.44	SEXHF
GZITF	+ 0.34	ZHEXF

High negative correlations

FRRVY	- 0.42	SEXHF
FRRVY	- 0.33	ZHEXF
FRRVY	- 0.26	GZITF
FRRVY	- 0.24	JEXYF
GZITF	- 0.05	JEXYF
FRRVY	- 0.05	JEXYY

Risk-Adjusted Indicators

There is a big difference between Shenzhen Pink Sheet performing well and Shenzhen Investment 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 Shenzhen Investment'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
JEXYY	1.52	0.07	(0.01)	(0.25)	2.67	(3.19)	4.82	(4.67)	19.83
JEXYF	0.75	(0.02)	0.00	0.22	0.00	0.00	0.00	(3.12)	28.49
SEXHF	0.74	0.33	0.00	1.09	0.00	0.00	0.00	0.00	20.83
ZHEXF	1.03	0.02	0.00	0.03	0.00	0.00	5.00	(4.41)	21.95
GZITF	0.84	0.46	0.00	(1.17)	0.00	0.00	0.00	0.00	26.67
SZIHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FRRVY	1.65	0.02	(0.02)	0.20	3.12	(1.83)	5.14	(2.38)	18.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in Shenzhen Investment 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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Shenzhen Investment Corporate Management

Jianming Wu	Exec Director	Profile
Wei Hu	Ex Chairman	Profile
Kwok Leung	Financial Controller	Profile
Cheng Wu	Ex GM	Profile
Tianliang Zhang	Ex GM	Profile
Ji Liu	Deputy Director	Profile
ACIS ACS	Company Sec	Profile

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