Inner Mongolia Correlations

Stocks China . 
Stock . Inner Mongolia First
600967 Stock   16.43  0.12  0.74%   
The current 90-days correlation between Inner Mongolia First and Zotye Automobile Co is 0.42 (i.e., Very weak diversification). The correlation of Inner Mongolia 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.

Inner Mongolia Correlation With Market

Good diversification

The correlation between Inner Mongolia First and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inner Mongolia First and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Inner Mongolia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inner Mongolia 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 Inner Mongolia - 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 Inner Mongolia First to buy it.

Moving against Inner Stock

  0.84300308 Shandong Zhongji ElePairCorr
  0.81600033 Fujian ExpresswayPairCorr
  0.79603991 Shanghai OriginaldowPairCorr
  0.75001203 Inner Mongolia DazhongPairCorr
  0.75300446 Baoding Lucky InnovativePairCorr
  0.74002627 Hubeiyichang TransportationPairCorr
  0.74000973 FSPG Hi TechPairCorr
  0.73301119 Hangzhou ZhengqiangPairCorr
  0.67601600 Aluminum CorpPairCorr
  0.67600408 Shanxi Antai GroupPairCorr
  0.67000572 Haima AutomobilePairCorr
  0.66002532 Tianshan AluminumPairCorr
  0.66003002 Shanxi Huhua GroupPairCorr
  0.64002198 Guangdong JiayingPairCorr
  0.6603700 Ningbo Water MeterPairCorr
  0.6000415 Bohai LeasingPairCorr
  0.59601061 CITIC MetalPairCorr
  0.58601168 Western MiningPairCorr
  0.51688109 Hangzhou Pinming SoftwarePairCorr
  0.46002268 Westone InformationPairCorr
  0.46001228 Yongtaiyun ChemicalPairCorr
  0.43002466 Sichuan Tianqi LithiumPairCorr
  0.39002330 Shan Dong DelisiPairCorr
  0.81603898 HolikePairCorr
  0.79603345 Fujian Anjoy FoodsPairCorr
  0.76002935 Chengdu Spaceon ElecPairCorr
  0.75301276 Beijing Jiaman DressPairCorr
  0.67300593 Beijing XinleinengPairCorr
  0.66300818 Jiangxi Naipu MiningPairCorr
  0.66688072 Piotech Inc APairCorr
  0.61600829 HPGC RenmintongtaiPairCorr
  0.6000157 Zoomlion Heavy IndustryPairCorr
  0.57000830 Luxi Chemical GroupPairCorr
  0.57000949 Xinxiang Chemical FiberPairCorr
  0.56002039 Guizhou Qianyuan PowerPairCorr
  0.52300816 ActbluePairCorr
  0.51601988 Bank of ChinaPairCorr
  0.47002909 Guangzhou JointasPairCorr

Related Correlations Analysis


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

000669
+ 0.64
002547
600265
+ 0.61
200468
200468
+ 0.59
002547
600265
+ 0.45
002547
600265
+ 0.38
300237
300264
+ 0.36
300237
  

High negative correlations

300264
- 0.57
200468
300264
- 0.56
002547
000890
- 0.56
002547
600265
- 0.55
000980
000669
- 0.4
000890
200468
- 0.38
000980

Risk-Adjusted Indicators

There is a big difference between Inner Stock performing well and Inner Mongolia 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 Inner Mongolia'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Inner Mongolia 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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Inner Mongolia Corporate Management

Elected by the shareholders, the Inner Mongolia's board of directors comprises two types of representatives: Inner Mongolia inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Inner. The board's role is to monitor Inner Mongolia's management team and ensure that shareholders' interests are well served. Inner Mongolia'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, Inner Mongolia's outside directors are responsible for providing unbiased perspectives on the board's policies.
Guohao LiDeputy ManagerProfile
Zhiqiang LiChief AccountantProfile
Baoying WangDeputy ManagerProfile
Fuhui CaoDeputy ManagerProfile
Yu WangDeputy ManagerProfile
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