CHONG QING Correlations

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CNY 12.56  0.38  2.94%   

The correlation of CHONG QING is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CHONG QING moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CHONG QING CHANGAN moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to CHONG QING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CHONG QING 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 CHONG QING - 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 CHONG QING CHANGAN to buy it.

Moving together with CHONG QING

+0.67603127JOINN LABORATORIESPairCorr
+0.66300861YANGLING METRON NEPairCorr
+0.82688065CATHAY BIOTECH INCPairCorr

Related Correlations

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0.550.47
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0.550.33
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0.470.33
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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
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CHONG QING Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between CHONG Stock performing well and CHONG QING company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze CHONG QING's multiple risk-adjusted performance indicators. 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 CHONG QING 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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CHONG QING Corporate Directors

CHONG QING corporate directors refer to members of a CHONG QING board of directors. The board of directors generally takes responsibility for the CHONG QING's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of CHONG QING's board members must vote for the resolution. The CHONG QING board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Zhiping Zhou - DirectorProfile
Yu Hu - Independent DirectorProfile
Kun Wang - DirectorProfile
Qingwen Li - Independent DirectorProfile

Invested in CHONG QING CHANGAN?

The danger of trading CHONG QING CHANGAN is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of CHONG QING is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than CHONG QING. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CHONG QING CHANGAN is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. Note that the CHONG QING CHANGAN information on this page should be used as a complementary analysis to other CHONG QING's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

Other Tools for CHONG Stock

When running CHONG QING CHANGAN price analysis, check to measure CHONG QING's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CHONG QING is operating at the current time. Most of CHONG QING's value examination focuses on studying past and present price action to predict the probability of CHONG QING's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move CHONG QING's price. Additionally, you may evaluate how the addition of CHONG QING to your portfolios can decrease your overall portfolio volatility.
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