37 Interactive Correlations

Stocks . China . 
Stock . 37 Interactive Entertainment
002555 Stock   19.90  0.06  0.30%   
The current 90-days correlation between 37 Interactive Enter and Hengyi Petrochemical Co is 0.18 (i.e., Average diversification). The correlation of 37 Interactive 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.

37 Interactive Correlation With Market

Average diversification

The correlation between 37 Interactive Entertainment and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 37 Interactive Entertainment and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to 37 Interactive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 37 Interactive 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 37 Interactive - 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 37 Interactive Entertainment to buy it.

Moving together with 002555 Stock

  0.71605289 Shanghai Luoman LightingPairCorr
  0.87301307 Chongqing MillisonPairCorr
  0.7688535 Jiangsu HHCK AdvancedPairCorr
  0.76301398 Ningbo Sinyuan ZMPairCorr
  0.91600673 Guangdong Hec TechnologyPairCorr
  0.67603379 Zhejiang Sanmei ChemicalPairCorr
  0.93688779 Hunan Changyuan LicoPairCorr
  0.91300577 Anhui KorrunPairCorr
  0.61300972 Fujian Wanchen BiotePairCorr
  0.86200725 BOE Tech Group Earnings Call This WeekPairCorr
  0.83603360 Dalian Bio ChemPairCorr
  0.82000703 Hengyi PetrochemicalPairCorr
  0.87601880 Liaoning Port Earnings Call This WeekPairCorr
  0.8002256 Shenzhen Sunrise NewPairCorr
  0.7601388 Ye Chiu MetalPairCorr
  0.66603226 Vohringer Home TechnologyPairCorr
  0.86003022 Levima Advanced MaterialsPairCorr
  0.63002466 Sichuan Tianqi Lithium Earnings Call This WeekPairCorr
  0.86601333 Guangshen Railway Earnings Call This WeekPairCorr
  0.77600995 Yunnan Wenshan ElectricPairCorr
  0.87002714 Muyuan Foodstuff Earnings Call This WeekPairCorr
  0.77002249 Zhongshan Broad OceanPairCorr

Moving against 002555 Stock

  0.44300055 Beijing Water BusinessPairCorr
  0.32000995 Gansu Huangtai WinePairCorr
  0.45601336 New China Life Earnings Call This WeekPairCorr
  0.33601898 China Coal Energy Earnings Call TodayPairCorr

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

002895
+ 0.83
603011
000703
+ 0.82
002895
000949
+ 0.81
605128
000703
+ 0.75
605128
000949
+ 0.75
002895
000949
+ 0.74
000703
  

High negative correlations

002333
- 0.42
605128
002333
- 0.23
000703
002333
- 0.19
002895
000949
- 0.01
002333

Risk-Adjusted Indicators

There is a big difference between 002555 Stock performing well and 37 Interactive 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 37 Interactive'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 37 Interactive 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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Fundamental Analysis

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37 Interactive Corporate Executives

Elected by the shareholders, the 37 Interactive's board of directors comprises two types of representatives: 37 Interactive inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 002555. The board's role is to monitor 37 Interactive's management team and ensure that shareholders' interests are well served. 37 Interactive'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, 37 Interactive's outside directors are responsible for providing unbiased perspectives on the board's policies.
Wei YeAccounting CFOProfile
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