Risuntek Correlations

002981 Stock

26.29 0.17 0.64%

The current 90-days correlation between Risuntek and Industrial and Commercial is -0.2 (i.e., Good diversification). The correlation of Risuntek 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.

The ability to find closely correlated positions to Risuntek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Risuntek 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 Risuntek - 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 Risuntek to buy it.

Moving together with Risuntek Stock

0.62	601398	Industrial and Commercial	Pair Corr
0.7	601288	Agricultural Bank	Pair Corr
0.63	601658	Postal Savings Bank	Pair Corr
0.77	601318	Ping An Insurance	Pair Corr
0.75	600036	China Merchants Bank	Pair Corr
0.76	601166	Industrial Bank	Pair Corr
0.68	601998	China Citic Bank	Pair Corr
0.68	000995	Gansu Huangtai Wine	Pair Corr
0.61	300801	Taihe Technologies	Pair Corr
0.64	603002	Epoxy Base Electronic	Pair Corr
0.72	300148	Tangel Publishing	Pair Corr
0.71	300750	Contemporary Amperex	Pair Corr
0.7	300394	Suzhou TFC Optical Split	Pair Corr
0.76	605566	Hangzhou Flariant	Pair Corr
0.81	301113	Zhejiang Yayi Metal Split	Pair Corr
0.77	002792	Tongyu Communication	Pair Corr

Related Correlations Analysis

	601398	601288	601939	601988	601658	601328	601318	600036	601166	601998
601398		0.97	0.95	0.62	0.89	0.9	0.82	0.7	0.71	0.7	601398
601288	0.97		0.9	0.5	0.95	0.9	0.9	0.76	0.84	0.8	601288
601939	0.95	0.9		0.74	0.83	0.84	0.7	0.57	0.61	0.56	601939
601988	0.62	0.5	0.74		0.42	0.46	0.23	0.1	0.11	0.01	601988
601658	0.89	0.95	0.83	0.42		0.92	0.88	0.8	0.87	0.87	601658
601328	0.9	0.9	0.84	0.46	0.92		0.85	0.82	0.8	0.83	601328
601318	0.82	0.9	0.7	0.23	0.88	0.85		0.89	0.93	0.87	601318
600036	0.7	0.76	0.57	0.1	0.8	0.82	0.89		0.85	0.9	600036
601166	0.71	0.84	0.61	0.11	0.87	0.8	0.93	0.85		0.91	601166
601998	0.7	0.8	0.56	0.01	0.87	0.83	0.87	0.9	0.91		601998
	601398	601288	601939	601988	601658	601328	601318	600036	601166	601998

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Risk-Adjusted Indicators

There is a big difference between Risuntek Stock performing well and Risuntek 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 Risuntek'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
601398	0.77	0.19	0.04	(2.96)	0.89	(0.89)	1.83	(1.51)	5.40
601288	0.83	0.28	0.11	(5.88)	0.83	(0.97)	2.01	(1.25)	5.71
601939	0.77	0.13	(0.02)	(1.18)	0.84	(0.92)	1.95	(1.52)	5.16
601988	0.82	0.06	(0.06)	(3.78)	1.13	(0.91)	1.82	(2.23)	5.87
601658	0.75	0.16	0.02	(1.25)	0.88	(0.89)	1.76	(1.50)	5.25
601328	0.79	0.07	(0.04)	0.53	0.87	(0.94)	1.61	(1.32)	5.31
601318	0.79	0.18	0.10	0.93	0.55	(1.00)	2.20	(1.13)	6.85
600036	0.87	0.12	(0.01)	13.87	1.19	(0.95)	1.60	(1.45)	5.74
601166	0.98	0.26	0.11	(2.29)	0.79	(1.15)	2.55	(1.51)	7.32
601998	1.11	0.29	0.11	(1.51)	0.93	(1.38)	2.42	(2.04)	7.24

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

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

Linzhe Xu

NonIndependent CFO

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