Perfect World Correlations

Stocks China . 
Stock . Perfect World Co
002624 Stock   14.48  0.19  1.33%   
The current 90-days correlation between Perfect World and Luyin Investment Group is 0.12 (i.e., Average diversification). The correlation of Perfect World 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.

Perfect World Correlation With Market

Significant diversification

The correlation between Perfect World Co and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perfect World Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Perfect World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Perfect World 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 Perfect World - 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 Perfect World Co to buy it.

Moving together with Perfect Stock

  0.7688981 Semiconductor ManufacturingPairCorr

Moving against Perfect Stock

  0.89002728 Teyi PharmaceuticalPairCorr
  0.81600036 China Merchants BankPairCorr
  0.81600028 China Petroleum ChemicalPairCorr
  0.77601328 Bank of CommunicationsPairCorr
  0.76601318 Ping An InsurancePairCorr
  0.72301357 North Long DragonPairCorr
  0.71601166 Industrial BankPairCorr
  0.68601988 Bank of ChinaPairCorr
  0.64600346 Hengli PetrochemicalPairCorr
  0.63300605 HengFeng InformationPairCorr
  0.63600753 Fujian Oriental SilverPairCorr
  0.62600863 Inner Mongolia MengDianPairCorr
  0.59601398 Industrial and CommercialPairCorr
  0.59601288 Agricultural BankPairCorr
  0.59002950 Allmed Medical ProductsPairCorr
  0.58601939 China Construction BankPairCorr
  0.53002935 Chengdu Spaceon ElecPairCorr
  0.51601998 China Citic BankPairCorr
  0.5301087 Cofoe Medical TechnologyPairCorr
  0.49688027 QuantumCTekPairCorr
  0.49600637 Shanghai Oriental PearlPairCorr
  0.49600198 Datang Telecom TechnologyPairCorr
  0.48000612 Jiaozuo Wanfang AluminumPairCorr
  0.39300337 Yinbang Clad MaterialPairCorr
  0.67300385 Wuxi Xuelang EnvironPairCorr
  0.66603008 Xilinmen FurniturePairCorr
  0.61600599 Panda Financial HoldingPairCorr
  0.6300555 Lootom Telcovideo NetworkPairCorr
  0.6002702 HaiXin FoodsPairCorr
  0.55300407 Tianjin Keyvia ElectricPairCorr
  0.55002497 Sichuan Yahua IndustrialPairCorr
  0.54603663 Sanxiang AdvancedPairCorr
  0.49600685 CSSC Offshore MarinePairCorr
  0.48688498 Yuanjie SemiconductorPairCorr

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

000900
+ 0.85
600784
000598
+ 0.81
600784
000900
+ 0.81
000598
000638
+ 0.74
000598
000638
+ 0.72
600784
000900
+ 0.64
000638
  

High negative correlations

300624
- 0.4
000598
300624
- 0.39
000900
300624
- 0.39
600784
300624
- 0.22
688008
300624
- 0.22
603958
688008
- 0.08
603958

Risk-Adjusted Indicators

There is a big difference between Perfect Stock performing well and Perfect World 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 Perfect World'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 Perfect World 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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Perfect World Corporate Executives

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