Kweichow Moutai Correlations

600519 Stock

1,526 4.45 0.29%

The current 90-days correlation between Kweichow Moutai and China Satellite Communications is 0.33 (i.e., Weak diversification). The correlation of Kweichow Moutai 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.

Kweichow Moutai Correlation With Market

Significant diversification

The correlation between Kweichow Moutai Co and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kweichow Moutai Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kweichow Stock

0.65	601939	China Construction Bank	Pair Corr
0.69	601658	Postal Savings Bank	Pair Corr
0.71	601328	Bank of Communications	Pair Corr
0.86	600036	China Merchants Bank	Pair Corr
0.83	601166	Industrial Bank	Pair Corr
0.79	601998	China Citic Bank	Pair Corr
0.86	600000	Shanghai Pudong Deve	Pair Corr
0.79	300750	Contemporary Amperex	Pair Corr
0.64	002368	Taiji Computer Corp	Pair Corr
0.87	900934	Shanghai Jin Jiang	Pair Corr
0.7	000555	Digital China Information	Pair Corr
0.75	000009	China Baoan Group	Pair Corr
0.67	002138	Shenzhen Sunlord Ele	Pair Corr
0.83	600885	Hongfa Technology	Pair Corr
0.92	000157	Zoomlion Heavy Industry	Pair Corr
0.71	300729	Loctek Ergonomic Tec	Pair Corr
0.82	601138	Foxconn Industrial	Pair Corr
0.73	002812	Yunnan Chuangxin New	Pair Corr
0.8	603259	WuXi AppTec	Pair Corr
0.73	688235	BeiGene	Pair Corr
0.68	600079	Humanwell Healthcare	Pair Corr
0.86	000661	Changchun High New	Pair Corr
0.69	002371	NAURA Technology	Pair Corr
0.84	601336	New China Life	Pair Corr
0.78	601665	Qilu Bank	Pair Corr
0.77	000425	XCMG Construction	Pair Corr
0.7	002382	Blue Sail Medical	Pair Corr

Related Correlations Analysis

	601698	600616	600365	600084	301139	000685	688009
601698		0.78	0.89	0.89	0.79	0.74	0.69	601698
600616	0.78		0.85	0.87	0.77	0.76	0.62	600616
600365	0.89	0.85		0.94	0.78	0.79	0.66	600365
600084	0.89	0.87	0.94		0.85	0.87	0.76	600084
301139	0.79	0.77	0.78	0.85		0.92	0.88	301139
000685	0.74	0.76	0.79	0.87	0.92		0.93	000685
688009	0.69	0.62	0.66	0.76	0.88	0.93		688009
	601698	600616	600365	600084	301139	000685	688009

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Kweichow Stock performing well and Kweichow Moutai 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 Kweichow Moutai'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
601698	3.33	0.70	0.17	0.65	3.60	(3.92)	9.98	(7.71)	20.00
600616	2.36	0.62	0.18	(2.58)	2.53	(2.71)	6.85	(4.91)	18.02
600365	1.94	0.41	0.15	(3.75)	2.15	(2.25)	4.31	(4.89)	10.03
600084	2.16	0.39	0.12	0.58	2.97	(2.19)	4.70	(4.15)	17.73
301139	2.59	0.49	0.12	9.43	3.38	(2.72)	5.41	(4.36)	27.63
000685	1.77	0.41	0.16	(2.84)	2.03	(2.23)	4.01	(3.10)	19.03
688009	1.89	0.44	0.15	(4.22)	2.16	(2.04)	3.86	(3.43)	24.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kweichow Moutai 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 Correlation Analysis Now

Correlation Analysis

Reduce portfolio risk simply by holding instruments which are not perfectly correlated

All Next

Launch Module

Kweichow Moutai Corporate Management

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

Jingren Li	Acting Director	Profile
Yong Wen	Employee Department	Profile
Zheng Zhong	Deputy Manager	Profile
Gang Liu	Financial GM	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