Anshan Senyuan Correlations

300210 Stock

9.46 0.13 1.39%

The current 90-days correlation between Anshan Senyuan Road and Loctek Ergonomic Technology is 0.22 (i.e., Modest diversification). The correlation of Anshan Senyuan 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.

Anshan Senyuan Correlation With Market

Good diversification

The correlation between Anshan Senyuan Road and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anshan Senyuan Road and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Anshan Stock

0.81	300169	Changzhou Tiansheng New	Pair Corr
0.84	688520	Sinocelltech Group	Pair Corr

Moving against Anshan Stock

0.88	002150	Jiangsu Tongrun Equipment	Pair Corr
0.87	600531	Henan Yuguang Gold	Pair Corr
0.84	002532	Tianshan Aluminum	Pair Corr
0.79	603298	Hangcha Group	Pair Corr
0.75	301039	CIMC Vehicles	Pair Corr
0.75	300863	Ningbo Kbe Electrical	Pair Corr
0.73	601121	Xinjiang Baodi Mining	Pair Corr
0.72	600236	Guangxi Guiguan Electric	Pair Corr
0.72	900924	Shang Gong Group	Pair Corr
0.71	300750	Contemporary Amperex	Pair Corr
0.65	600408	Shanxi Antai Group	Pair Corr
0.64	603156	Hebei Yangyuan ZhiHui	Pair Corr
0.63	603650	Red Avenue New	Pair Corr
0.59	600753	Fujian Oriental Silver	Pair Corr
0.55	301379	Techshine Electronics	Pair Corr
0.53	300971	Xiangyang BOYA Precision	Pair Corr
0.47	300520	GuoChuang Software	Pair Corr
0.39	002547	SuZhou ChunXing Precision	Pair Corr
0.81	688008	Montage Technology	Pair Corr
0.8	001215	Zhengzhou Qianweiyangchu	Pair Corr
0.8	688498	Yuanjie Semiconductor	Pair Corr
0.8	002475	Luxshare Precision	Pair Corr
0.8	300774	BGT Group	Pair Corr
0.78	002121	Shenzhen Clou Electronics	Pair Corr
0.77	000506	Zhongrun Resources	Pair Corr
0.76	300084	Lanzhou Haimo Techno	Pair Corr
0.73	000828	Dongguan Development	Pair Corr
0.69	002941	Xinjiang Communications	Pair Corr
0.66	000063	ZTE Corp	Pair Corr

Related Correlations Analysis

	000851	900952	900921	601615	159681	159005	300729	002952	603199	516220
000851		0.0	-0.49	-0.75	-0.96	-0.83	-0.18	0.39	0.03	-0.84	000851
900952	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	900952
900921	-0.49	0.0		0.33	0.4	0.33	0.16	-0.13	0.33	0.62	900921
601615	-0.75	0.0	0.33		0.73	0.85	0.0	-0.14	-0.46	0.8	601615
159681	-0.96	0.0	0.4	0.73		0.81	0.16	-0.5	-0.05	0.84	159681
159005	-0.83	0.0	0.33	0.85	0.81		-0.14	-0.26	-0.34	0.8	159005
300729	-0.18	0.0	0.16	0.0	0.16	-0.14		-0.27	0.39	0.14	300729
002952	0.39	0.0	-0.13	-0.14	-0.5	-0.26	-0.27		-0.3	-0.42	002952
603199	0.03	0.0	0.33	-0.46	-0.05	-0.34	0.39	-0.3		0.01	603199
516220	-0.84	0.0	0.62	0.8	0.84	0.8	0.14	-0.42	0.01		516220
	000851	900952	900921	601615	159681	159005	300729	002952	603199	516220

Please upgrade your account to get full access to Macroaxis premium features

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

159005	+ 0.85	601615
516220	+ 0.84	159681
159005	+ 0.81	159681
516220	+ 0.8	601615
516220	+ 0.8	159005
159681	+ 0.73	601615

High negative correlations

159681	- 0.96	000851
516220	- 0.84	000851
159005	- 0.83	000851
601615	- 0.75	000851
002952	- 0.5	159681
900921	- 0.49	000851

Risk-Adjusted Indicators

There is a big difference between Anshan Stock performing well and Anshan Senyuan 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 Anshan Senyuan'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
000851	2.33	(2.95)	0.00	(67.80)	0.00	0.00	0.00	(5.56)	6.79
900952	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
900921	3.35	0.46	0.10	0.35	2.91	(6.98)	10.00	(5.26)	22.02
601615	2.40	0.73	0.20	(0.48)	1.98	(2.94)	7.24	(3.71)	15.37
159681	1.99	0.54	0.20	0.94	1.86	(2.59)	4.07	(4.23)	12.51
159005	0.01	(0.01)	0.00	(5.25)	0.00	0.00	0.01	0.00	0.11
300729	1.29	0.04	(0.07)	0.00	1.58	(1.53)	3.30	(3.71)	7.80
002952	1.76	(0.01)	0.00	0.17	0.00	0.00	2.92	(3.50)	16.60
603199	0.97	(0.08)	0.00	(0.14)	0.00	0.00	1.57	(1.90)	8.25
516220	1.17	0.28	0.08	(6.91)	1.02	(1.81)	2.63	(1.43)	7.81

Be your own money manager

Our tools can tell you how much better you can do entering a position in Anshan Senyuan 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.

Did you try this?

Run Analyst Advice Now

Analyst Advice

Analyst recommendations and target price estimates broken down by several categories

All Next

Launch Module

Anshan Senyuan Corporate Management

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

Yanhong Zhao	Deputy Manager	Profile
Jie Hao	Accounting Supervisor	Profile
Haiyong Zhang	Deputy Manager	Profile
Weijiang Qi	Deputy Mang	Profile
Wenduo Wang	Deputy Secretary	Profile
Hemian Jin	Deputy Mang	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC