Levima Advanced Correlations

003022 Stock

20.19 0.49 2.49%

The current 90-days correlation between Levima Advanced Materials and National Silicon Industry is 0.4 (i.e., Very weak diversification). The correlation of Levima Advanced 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.

Levima Advanced Correlation With Market

Average diversification

The correlation between Levima Advanced Materials and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Levima Advanced Materials and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Levima Stock

0.66	601899	Zijin Mining Group	Pair Corr
0.66	600309	Wanhua Chemical Group	Pair Corr
0.74	600547	Shandong Gold Mining	Pair Corr
0.9	600160	Zhejiang Juhua	Pair Corr
0.7	000807	Yunnan Aluminium	Pair Corr
0.63	000630	Tongling Nonferrous	Pair Corr
0.62	601279	Changchun Engley Aut	Pair Corr

Moving against Levima Stock

0.72

600019

Baoshan Iron Steel

Pair Corr

Related Correlations Analysis

	688115	688126	688619	688008	688531	603501	300755
688115		-0.56	0.21	-0.48	-0.07	-0.42	-0.21	688115
688126	-0.56		-0.02	0.94	0.78	0.6	0.49	688126
688619	0.21	-0.02		0.04	0.27	0.14	-0.24	688619
688008	-0.48	0.94	0.04		0.84	0.67	0.49	688008
688531	-0.07	0.78	0.27	0.84		0.41	0.32	688531
603501	-0.42	0.6	0.14	0.67	0.41		0.59	603501
300755	-0.21	0.49	-0.24	0.49	0.32	0.59		300755
	688115	688126	688619	688008	688531	603501	300755

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

688008	+ 0.94	688126
688531	+ 0.84	688008
688531	+ 0.78	688126
603501	+ 0.67	688008
603501	+ 0.6	688126
300755	+ 0.59	603501

High negative correlations

688126	- 0.56	688115
688008	- 0.48	688115
603501	- 0.42	688115
300755	- 0.24	688619
300755	- 0.21	688115
688531	- 0.07	688115

Risk-Adjusted Indicators

There is a big difference between Levima Stock performing well and Levima Advanced 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 Levima Advanced'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
688115	3.04	0.47	0.10	(0.35)	2.58	(4.24)	5.41	(4.14)	25.53
688126	2.46	0.37	0.13	0.47	2.56	(3.00)	7.20	(4.03)	18.59
688619	2.93	0.19	0.07	0.28	2.73	(3.87)	7.18	(4.64)	18.84
688008	2.72	0.88	0.30	0.89	2.36	(3.23)	7.76	(4.47)	17.27
688531	2.32	0.50	0.17	0.38	2.50	(2.47)	6.14	(4.15)	14.16
603501	1.74	0.11	0.02	0.62	2.38	(1.74)	3.74	(4.80)	10.86
300755	2.28	0.17	0.03	6.62	2.36	(3.08)	8.88	(4.69)	21.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in Levima Advanced 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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Levima Advanced Corporate Executives

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

Wenquan Cai

CFO, VP

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