Huaneng Lancang Correlations
| 600025 Stock | 9.62 0.05 0.52% |
The current 90-days correlation between Huaneng Lancang River and Suofeiya Home Collection is 0.44 (i.e., Very weak diversification). The correlation of Huaneng Lancang 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.
Huaneng Lancang Correlation With Market
Good diversification
The correlation between Huaneng Lancang River 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 Huaneng Lancang River and DJI in the same portfolio, assuming nothing else is changed.
Huaneng |
The ability to find closely correlated positions to Huaneng Lancang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Huaneng Lancang 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 Huaneng Lancang - 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 Huaneng Lancang River to buy it.
Moving against Huaneng Stock
| 0.85 | 688656 | HOB Biotech Group | PairCorr |
| 0.67 | 002371 | NAURA Technology | PairCorr |
| 0.42 | 601628 | China Life Insurance | PairCorr |
| 0.4 | 601939 | China Construction Bank | PairCorr |
| 0.38 | 601398 | Industrial and Commercial | PairCorr |
| 0.36 | 601988 | Bank of China | PairCorr |
| 0.35 | 600036 | China Merchants Bank | PairCorr |
| 0.33 | 601318 | Ping An Insurance | PairCorr |
| 0.31 | 601288 | Agricultural Bank | PairCorr |
Related Correlations Analysis
| 0.84 | 0.88 | 0.94 | 0.79 | 0.92 | 600805 | ||
| 0.84 | 0.62 | 0.77 | 0.52 | 0.89 | 002572 | ||
| 0.88 | 0.62 | 0.79 | 0.74 | 0.76 | 002293 | ||
| 0.94 | 0.77 | 0.79 | 0.86 | 0.84 | 000638 | ||
| 0.79 | 0.52 | 0.74 | 0.86 | 0.63 | 000609 | ||
| 0.92 | 0.89 | 0.76 | 0.84 | 0.63 | 000600 | ||
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Risk-Adjusted Indicators
There is a big difference between Huaneng Stock performing well and Huaneng Lancang 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 Huaneng Lancang'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 600805 | 2.05 | 0.62 | 0.18 | (1.95) | 2.39 | 5.05 | 18.78 | |||
| 002572 | 2.84 | 0.47 | 0.13 | 3.80 | 2.58 | 7.72 | 19.97 | |||
| 002293 | 2.02 | 0.46 | 0.17 | 2.47 | 1.98 | 4.87 | 15.56 | |||
| 000638 | 2.67 | 0.85 | 0.20 | (1.58) | 3.02 | 6.42 | 18.86 | |||
| 000609 | 2.77 | 0.46 | 0.10 | (1.55) | 2.88 | 5.16 | 10.31 | |||
| 000600 | 1.73 | 0.33 | 0.09 | (1.29) | 2.13 | 4.32 | 16.89 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Huaneng Lancang 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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Huaneng Lancang Corporate Management
Elected by the shareholders, the Huaneng Lancang's board of directors comprises two types of representatives: Huaneng Lancang inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Huaneng. The board's role is to monitor Huaneng Lancang's management team and ensure that shareholders' interests are well served. Huaneng Lancang'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, Huaneng Lancang's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hua Zhou | Deputy Engineer | Profile | |
| Hongtao Zhang | Deputy Manager | Profile | |
| Junbing Lu | Deputy Manager | Profile | |
| Jian Zhou | Deputy Manager | Profile | |
| Hu Zhao | Chief Board | Profile |