Sinopharm Group Correlations
| SHTDF Stock | USD 2.70 0.35 14.89% |
The correlation of Sinopharm Group 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.
Sinopharm Group Correlation With Market
Excellent diversification
The correlation between Sinopharm Group Co and DJI is -0.51 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sinopharm Group Co and DJI in the same portfolio, assuming nothing else is changed.
Sinopharm |
The ability to find closely correlated positions to Sinopharm Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sinopharm Group 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 Sinopharm Group - 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 Sinopharm Group Co to buy it.
Moving against Sinopharm Pink Sheet
| 0.69 | COHG | Cheetah Oil Gas | PairCorr |
| 0.61 | VNET | VNET Group DRC Downward Rally | PairCorr |
| 0.58 | SHTDY | SINOPHARM GROUP LTD | PairCorr |
| 0.43 | CAH | Cardinal Health | PairCorr |
| 0.4 | GALNF | Galenica AG | PairCorr |
| 0.33 | BFDE | Bedford Energy | PairCorr |
| 0.74 | TRIN | Trinity Capital | PairCorr |
| 0.65 | SNDK | Sandisk Corp Symbol Change | PairCorr |
| 0.61 | STKXF | StrikePoint Gold | PairCorr |
| 0.6 | KMX | CarMax Inc | PairCorr |
| 0.55 | SIMTF | SIM Technology Group | PairCorr |
| 0.52 | SMTC | Semtech | PairCorr |
| 0.49 | FUUN | FutureNet | PairCorr |
| 0.44 | COHR | Coherent Tech Boost | PairCorr |
| 0.44 | UPBD | Upbound Group | PairCorr |
| 0.33 | AIRO | AIRO Group Holdings | PairCorr |
| 0.72 | LSTA | Lisata Therapeutics Earnings Call This Week | PairCorr |
| 0.69 | HD | Home Depot Earnings Call Today | PairCorr |
| 0.68 | MUX | McEwen Mining | PairCorr |
| 0.66 | DNCVF | Defiance Silver Corp Earnings Call This Week | PairCorr |
| 0.62 | BCO | Brinks Company Earnings Call Tomorrow | PairCorr |
| 0.58 | ACR-PC | ACRES Commercial Realty | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sinopharm Pink Sheet performing well and Sinopharm Group 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 Sinopharm Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSMKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SSMXY | 1.57 | (0.22) | 0.00 | (0.28) | 0.00 | 2.26 | 17.97 | |||
| SKHCF | 1.72 | 0.36 | 0.04 | (2.59) | 2.27 | 8.15 | 27.03 | |||
| SKHHY | 1.11 | 0.25 | 0.17 | 1.02 | 0.92 | 2.87 | 7.26 | |||
| GZPHF | 0.28 | (0.01) | 0.00 | 0.01 | 0.00 | 0.00 | 9.35 | |||
| CNVVY | 1.08 | (0.06) | 0.00 | (0.05) | 0.00 | 2.23 | 6.86 | |||
| GNGBY | 1.15 | (0.07) | 0.00 | (0.04) | 0.00 | 2.24 | 7.94 | |||
| CNVVF | 0.29 | (0.09) | 0.00 | (0.51) | 0.00 | 0.00 | 5.12 |
Be your own money manager
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Sinopharm Group Corporate Executives
Elected by the shareholders, the Sinopharm Group's board of directors comprises two types of representatives: Sinopharm Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sinopharm. The board's role is to monitor Sinopharm Group's management team and ensure that shareholders' interests are well served. Sinopharm Group'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, Sinopharm Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Xiuchang Jiang | CFO VP | Profile |