China Solar Correlations

CSOL Stock

USD 0.03 0.00 0.00%

The current 90-days correlation between China Solar Cln and Delaware Investments Florida is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Solar Cln moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

China Solar Correlation With Market

Significant diversification

The correlation between China Solar Cln and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Solar Cln and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with China Pink Sheet

0.61	DVSPF	Dividend 15 Split	Pair Corr
0.73	CSGS	CSG Systems International	Pair Corr
0.8	LMLLF	Pharmadrug	Pair Corr
0.7	ATI	Allegheny Technologies	Pair Corr
0.66	INTG	Intergroup	Pair Corr
0.64	AMFC	AMB Financial Corp	Pair Corr
0.65	29280EAA7	US29280EAA73	Pair Corr

Moving against China Pink Sheet

0.67	MS-PA	Morgan Stanley	Pair Corr
0.67	LUD	Luda Technology Group Earnings Call This Week	Pair Corr
0.62	EEGI	Eline Entertainment	Pair Corr
0.61	GS-PA	Goldman Sachs	Pair Corr
0.6	GS-PD	Goldman Sachs	Pair Corr
0.54	CGXYY	China Galaxy Securities	Pair Corr
0.54	MS-PK	Morgan Stanley	Pair Corr
0.48	INV	Innventure,	Pair Corr
0.42	IVPAF	Ivanhoe Mines	Pair Corr
0.32	EKTAF	Elekta AB	Pair Corr
0.5	FRLI	Frelii Inc	Pair Corr
0.45	ZEOWW	Zeo Energy Corp	Pair Corr

Related Correlations Analysis

	VFL	TME	AMIVF	TSPCF	ICL	CCEC	BCIC	VIDE
VFL		-0.05	-0.19	-0.2	0.21	0.22	-0.26	0.0	VFL
TME	-0.05		0.49	0.49	0.73	0.58	-0.72	0.0	TME
AMIVF	-0.19	0.49		0.47	0.25	0.33	-0.22	0.0	AMIVF
TSPCF	-0.2	0.49	0.47		0.41	0.54	-0.51	0.0	TSPCF
ICL	0.21	0.73	0.25	0.41		0.6	-0.88	0.0	ICL
CCEC	0.22	0.58	0.33	0.54	0.6		-0.68	0.0	CCEC
BCIC	-0.26	-0.72	-0.22	-0.51	-0.88	-0.68		0.0	BCIC
VIDE	0.0	0.0	0.0	0.0	0.0	0.0	0.0		VIDE
	VFL	TME	AMIVF	TSPCF	ICL	CCEC	BCIC	VIDE

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

ICL	+ 0.73	TME
CCEC	+ 0.6	ICL
CCEC	+ 0.58	TME
CCEC	+ 0.54	TSPCF
AMIVF	+ 0.49	TME
TSPCF	+ 0.49	TME

High negative correlations

BCIC	- 0.88	ICL
BCIC	- 0.72	TME
BCIC	- 0.68	CCEC
BCIC	- 0.51	TSPCF
BCIC	- 0.26	VFL
BCIC	- 0.22	AMIVF

Risk-Adjusted Indicators

There is a big difference between China Pink Sheet performing well and China Solar 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 China Solar'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
VFL	0.47	0.00	0.05	0.00	0.29	(0.59)	1.02	(0.79)	3.70
TME	1.73	(0.46)	0.00	(0.56)	0.00	0.00	3.39	(4.39)	12.10
AMIVF	0.92	(0.05)	0.00	(0.37)	0.00	0.00	1.38	(2.72)	11.42
TSPCF	1.90	0.00	0.00	0.07	0.00	0.00	6.94	(8.85)	23.54
ICL	1.71	(0.27)	0.00	(0.19)	0.00	0.00	3.85	(3.68)	22.75
CCEC	2.07	0.01	(0.02)	0.11	2.29	(2.39)	4.84	(4.40)	14.44
BCIC	1.10	0.13	0.07	0.28	1.34	(1.18)	2.38	(1.81)	8.92
VIDE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in China Solar 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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Ersen Nie	Assistant Operations	Profile
Xueling Wu	Controller Solar	Profile
Fen Li	Chief System	Profile
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