Gosuncn Technology Correlations

Stocks . China . 
Stock . Gosuncn Technology Group
300098 Stock   5.31  0.22  3.98%   
The current 90-days correlation between Gosuncn Technology and Tongyu Communication is 0.41 (i.e., Very weak diversification). The correlation of Gosuncn Technology 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.

Gosuncn Technology Correlation With Market

Significant diversification

The correlation between Gosuncn Technology Group and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gosuncn Technology Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Gosuncn Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gosuncn Technology 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 Gosuncn Technology - 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 Gosuncn Technology Group to buy it.

Moving together with Gosuncn Stock

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  0.62600519 Kweichow Moutai Earnings Call This WeekPairCorr
  0.62002475 Luxshare Precision Earnings Call This WeekPairCorr
  0.75002975 Zhuhai Bojay ElectronicsPairCorr
  0.82301108 Tongling Jieya BiologicPairCorr
  0.64002148 Beijing Bewinner ComPairCorr
  0.62603269 Jiangsu Seagull CoolingPairCorr
  0.72000962 Ningxia Orient TantalumPairCorr
  0.86688261 Suzhou Oriental SemiPairCorr
  0.73300861 Yangling Metron NewPairCorr
  0.79002173 Innovative MedicalPairCorr
  0.75300329 Hailun PianoPairCorr
  0.78600353 Chengdu Xuguang ElecPairCorr
  0.61003027 Tongxing EnvironmentalPairCorr
  0.75300131 ShenZhen Yitoa IntelPairCorr
  0.85600111 China Northern RarePairCorr
  0.76600689 Shanghai Sanmao EntePairCorr
  0.61000973 FSPG Hi TechPairCorr
  0.73002493 Rongsheng PetrochemicalPairCorr
  0.7301293 Sanbo Hospital ManagementPairCorr

Moving against Gosuncn Stock

  0.72601939 China Construction BankPairCorr
  0.7601818 China Everbright BankPairCorr
  0.68601328 Bank of CommunicationsPairCorr
  0.65601398 Industrial and CommercialPairCorr
  0.42601988 Bank of China LimitedPairCorr
  0.35601857 PetroChinaPairCorr

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

900941
+ 0.94
002115
300804
+ 0.8
600901
002215
+ 0.78
000066
000066
+ 0.7
002792
002115
+ 0.65
600082
900941
+ 0.6
600082
  

High negative correlations

900941
- 0.75
600901
002115
- 0.73
600901
002215
- 0.71
600901
900941
- 0.7
300804
002115
- 0.7
300804
002215
- 0.65
300804

Risk-Adjusted Indicators

There is a big difference between Gosuncn Stock performing well and Gosuncn Technology 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 Gosuncn Technology'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 Gosuncn Technology 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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Gosuncn Technology Corporate Executives

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