Guangzhou Zhujiang Correlations

002461 Stock

9.73 0.06 0.61%

The current 90-days correlation between Guangzhou Zhujiang and Industrial and Commercial is 0.4 (i.e., Very weak diversification). The correlation of Guangzhou Zhujiang 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.

Guangzhou Zhujiang Correlation With Market

Average diversification

The correlation between Guangzhou Zhujiang Brewery and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guangzhou Zhujiang Brewery and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Guangzhou Stock

0.81	600519	Kweichow Moutai	Pair Corr
0.62	688298	Zhejiang Orient Gene	Pair Corr
0.76	002594	BYD Co	Pair Corr
0.75	300760	Shenzhen Mindray Bio	Pair Corr
0.72	300750	Contemporary Amperex	Pair Corr
0.7	688111	Beijing Kingsoft Office	Pair Corr
0.69	600436	Zhangzhou Pientzehuang	Pair Corr
0.65	688507	Shanghai Suochen Inf	Pair Corr
0.67	600522	Jiangsu Zhongtian	Pair Corr
0.64	600030	CITIC Securities	Pair Corr
0.61	603709	Zoy Home Furnishing	Pair Corr

Related Correlations Analysis

	601398	600519	601288	600941	601939	601857	601988	300750	601628	600036
601398		0.72	0.95	0.8	0.98	0.62	0.94	0.78	0.78	0.87	601398
600519	0.72		0.56	0.6	0.74	0.68	0.61	0.83	0.87	0.86	600519
601288	0.95	0.56		0.77	0.93	0.6	0.96	0.63	0.64	0.76	601288
600941	0.8	0.6	0.77		0.73	0.73	0.84	0.56	0.51	0.58	600941
601939	0.98	0.74	0.93	0.73		0.61	0.9	0.81	0.83	0.92	601939
601857	0.62	0.68	0.6	0.73	0.61		0.58	0.43	0.53	0.62	601857
601988	0.94	0.61	0.96	0.84	0.9	0.58		0.68	0.62	0.72	601988
300750	0.78	0.83	0.63	0.56	0.81	0.43	0.68		0.93	0.88	300750
601628	0.78	0.87	0.64	0.51	0.83	0.53	0.62	0.93		0.95	601628
600036	0.87	0.86	0.76	0.58	0.92	0.62	0.72	0.88	0.95		600036
	601398	600519	601288	600941	601939	601857	601988	300750	601628	600036

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Guangzhou Stock performing well and Guangzhou Zhujiang 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 Guangzhou Zhujiang'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
601398	1.09	0.17	0.06	3.93	1.09	(1.38)	2.83	(2.29)	8.14
600519	1.66	0.11	0.03	0.34	1.81	(1.97)	6.55	(2.98)	16.71
601288	1.05	0.15	0.04	9.23	1.43	(1.05)	2.13	(2.19)	7.78
600941	1.01	0.08	0.00	0.75	1.06	(1.24)	2.05	(2.04)	8.38
601939	1.18	0.19	0.07	2.23	1.30	(1.38)	3.32	(2.12)	8.64
601857	1.32	0.02	(0.03)	(0.26)	1.97	(1.64)	3.55	(2.04)	17.17
601988	1.07	0.13	0.03	19.04	1.17	(1.32)	2.67	(2.33)	7.70
300750	2.76	0.63	0.15	(3.28)	3.03	(3.34)	7.94	(3.41)	33.42
601628	2.13	0.33	0.10	0.82	2.52	(2.36)	6.42	(3.94)	20.00
600036	1.58	0.28	0.09	(33.01)	1.80	(1.81)	4.65	(2.62)	13.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in Guangzhou Zhujiang 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?

Run USA ETFs Now

USA ETFs

Find actively traded Exchange Traded Funds (ETF) in USA

All Next

Launch Module

Guangzhou Zhujiang Corporate Management

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

Jingxia Tu	Deputy Engineer	Profile
Haitao Zeng	Chief Accountant	Profile
Kuankuan Li	Board Secretary	Profile
Wensheng Huang	Vice GM	Profile
Yilin Gao	Deputy Manager	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC