China TMK Correlations

DFEL Stock

USD 0.80 0.23 40.35%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China TMK moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China TMK Battery moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

China TMK Correlation With Market

Significant diversification

The correlation between China TMK Battery and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China TMK Battery and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to China TMK 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 TMK 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 TMK - 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 TMK Battery to buy it.

Moving together with China Pink Sheet

0.72	CNCK	Coincheck Group NV	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.64	DIS	Walt Disney	Pair Corr
0.67	BA	Boeing	Pair Corr
0.68	HPQ	HP Inc	Pair Corr

Moving against China Pink Sheet

0.71	KO	Coca Cola	Pair Corr
0.7	MRK	Merck Company Aggressive Push	Pair Corr
0.61	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.6	FR	First Industrial Realty	Pair Corr
0.55	CAT	Caterpillar	Pair Corr
0.55	TRV	The Travelers Companies	Pair Corr
0.52	384802AD6	GRAINGER W W	Pair Corr
0.46	NVT	nVent Electric PLC	Pair Corr
0.44	IBM	International Business	Pair Corr
0.43	MIELY	Mitsubishi Electric Corp	Pair Corr
0.41	AA	Alcoa Corp	Pair Corr
0.39	BAC	Bank of America	Pair Corr
0.36	MIELF	Mitsubishi Electric	Pair Corr
0.33	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	SINGY	SCWTF	NOKFF	TRPS	LTM	JETMF	TRT	ON
SINGY		0.0	0.0	0.0	0.01	0.24	-0.38	0.53	SINGY
SCWTF	0.0		-1.0	1.0	0.0	0.0	0.0	0.0	SCWTF
NOKFF	0.0	-1.0		-1.0	0.0	0.0	0.0	0.0	NOKFF
TRPS	0.0	1.0	-1.0		0.0	0.0	0.0	0.0	TRPS
LTM	0.01	0.0	0.0	0.0		-0.25	-0.49	-0.08	LTM
JETMF	0.24	0.0	0.0	0.0	-0.25		0.19	0.1	JETMF
TRT	-0.38	0.0	0.0	0.0	-0.49	0.19		-0.06	TRT
ON	0.53	0.0	0.0	0.0	-0.08	0.1	-0.06		ON
	SINGY	SCWTF	NOKFF	TRPS	LTM	JETMF	TRT	ON

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

TRPS	+ 1.0	SCWTF
ON	+ 0.53	SINGY
JETMF	+ 0.24	SINGY
TRT	+ 0.19	JETMF
ON	+ 0.1	JETMF
LTM	+ 0.01	SINGY

High negative correlations

TRPS	- 1.0	NOKFF
NOKFF	- 1.0	SCWTF
TRT	- 0.49	LTM
TRT	- 0.38	SINGY
JETMF	- 0.25	LTM
ON	- 0.08	LTM

Risk-Adjusted Indicators

There is a big difference between China Pink Sheet performing well and China TMK 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 TMK'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
SINGY	0.62	(0.07)	0.00	(0.15)	0.00	0.00	1.19	(1.44)	5.58
SCWTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOKFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TRPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LTM	1.53	0.00	0.00	0.07	0.00	0.00	3.26	(3.47)	9.68
JETMF	2.37	(0.10)	0.00	(0.06)	0.00	0.00	4.76	(5.56)	21.42
TRT	2.86	0.83	0.20	(1.31)	2.89	(3.30)	6.82	(5.00)	17.48
ON	2.10	0.00	0.00	0.07	0.00	0.00	4.49	(4.32)	15.27

Be your own money manager

Our tools can tell you how much better you can do entering a position in China TMK 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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China TMK Corporate Executives

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

Jinfeng Huang

CTO and Chief Technical Officer of TMK

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