Datang International Correlations

Stocks . Germany . 
Stock . Datang International Power
BJI Stock  EUR 0.24  0.01  4.35%   
The current 90-days correlation between Datang International and Thai Beverage Public is 0.17 (i.e., Average diversification). The correlation of Datang International 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.

Datang International Correlation With Market

Average diversification

The correlation between Datang International Power and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Datang International Power and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Datang International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Datang International 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 Datang International - 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 Datang International Power to buy it.

Moving together with Datang Stock

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Moving against Datang Stock

  0.79BFP BBVA Banco FrancesPairCorr
  0.79PAA Pampa Energa SAPairCorr
  0.51MIZ MizunoPairCorr
  0.406Y POLENERGIA SA ZYPairCorr
  0.37ENR0 SIEMENS ENERGY AGPairCorr
  0.35ENR Siemens Energy AGPairCorr
  0.39YHA YamahaPairCorr
  0.359IRA BroadwindPairCorr
  0.34ENR Siemens Energy AGPairCorr

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

CM2
+ 0.58
LWF
CM2
+ 0.52
KGZ
LWF
+ 0.51
KGZ
LWF
+ 0.47
MOB
KGZ
+ 0.42
MOB
CM2
+ 0.4
T6W
  

High negative correlations

MOB
- 0.64
T4H
LWF
- 0.6
T4H
KGZ
- 0.28
T4H
MOB
- 0.22
T6W
CM2
- 0.09
MOB
CM2
- 0.09
T4H

Risk-Adjusted Indicators

There is a big difference between Datang Stock performing well and Datang International 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 Datang International'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 Datang International 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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Datang International Corporate Management

Elected by the shareholders, the Datang International's board of directors comprises two types of representatives: Datang International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Datang. The board's role is to monitor Datang International's management team and ensure that shareholders' interests are well served. Datang International'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, Datang International's outside directors are responsible for providing unbiased perspectives on the board's policies.
Tongliang WangMember DepartmentProfile
Yanwen SunChief AccountantProfile
Fugui BaiDeputy MangProfile
Yongpan LiangEx GMProfile
Xuejun YingNonEx DirectorProfile
Xiangyang XuMember HRProfile
ACIS ACSCompany SecProfile
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