Zhejiang Juhua Correlations
| 600160 Stock | 22.13 0.48 2.12% |
The current 90-days correlation between Zhejiang Juhua and Shandong Gold Mining is 0.41 (i.e., Very weak diversification). The correlation of Zhejiang Juhua 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.
Zhejiang |
The ability to find closely correlated positions to Zhejiang Juhua could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhejiang Juhua 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 Zhejiang Juhua - 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 Zhejiang Juhua Co to buy it.
Moving together with Zhejiang Stock
| 0.91 | 600019 | Baoshan Iron Steel | PairCorr |
| 0.9 | 002493 | Rongsheng Petrochemical | PairCorr |
| 0.88 | 600010 | Inner Mongolia BaoTou | PairCorr |
| 0.86 | 002460 | Jiangxi Ganfeng Lithium | PairCorr |
| 0.88 | 603260 | Hoshine Silicon Ind | PairCorr |
| 0.84 | 000807 | Yunnan Aluminium | PairCorr |
| 0.81 | 601398 | Industrial and Commercial | PairCorr |
| 0.82 | 601939 | China Construction Bank | PairCorr |
| 0.67 | 601288 | Agricultural Bank | PairCorr |
| 0.69 | 601988 | Bank of China | PairCorr |
| 0.86 | 600036 | China Merchants Bank | PairCorr |
| 0.75 | 601328 | Bank of Communications | PairCorr |
| 0.8 | 601658 | Postal Savings Bank | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Zhejiang Stock performing well and Zhejiang Juhua 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 Zhejiang Juhua'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601899 | 1.64 | 0.12 | 0.00 | (0.39) | 2.08 | 3.35 | 10.10 | |||
| 600309 | 1.73 | 0.13 | 0.01 | (0.65) | 2.25 | 3.92 | 16.38 | |||
| 600019 | 1.60 | 0.25 | 0.06 | (2.42) | 2.04 | 4.80 | 17.37 | |||
| 600547 | 1.41 | (0.03) | 0.00 | 0.25 | 0.00 | 2.59 | 12.15 | |||
| 002493 | 1.52 | 0.17 | 0.03 | (0.80) | 1.99 | 4.12 | 15.52 | |||
| 600010 | 2.38 | 0.66 | 0.17 | (0.66) | 2.34 | 7.46 | 19.48 | |||
| 002460 | 3.40 | 0.66 | 0.15 | (4.23) | 3.21 | 9.99 | 20.00 | |||
| 603260 | 2.02 | 0.31 | 0.07 | (1.25) | 2.54 | 4.90 | 17.89 | |||
| 600160 | 2.17 | 0.60 | 0.20 | 58.51 | 2.05 | 6.09 | 15.23 | |||
| 000807 | 2.07 | 0.35 | 0.12 | 0.92 | 2.19 | 5.75 | 15.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Zhejiang Juhua 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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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
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Zhejiang Juhua Corporate Management
Elected by the shareholders, the Zhejiang Juhua's board of directors comprises two types of representatives: Zhejiang Juhua inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zhejiang. The board's role is to monitor Zhejiang Juhua's management team and ensure that shareholders' interests are well served. Zhejiang Juhua'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, Zhejiang Juhua's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jianxun Han | Deputy Manager | Profile | |
| Jilin Zheng | Deputy Manager | Profile | |
| Xiao Hu | Deputy Manager | Profile | |
| Shao Wang | Deputy Manager | Profile |