Actions Technology Correlations

688049 Stock

52.87 0.62 1.16%

The current 90-days correlation between Actions Technology and Sihui Fuji Electronics is 0.36 (i.e., Weak diversification). The correlation of Actions 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.

Actions Technology Correlation With Market

Modest diversification

The correlation between Actions Technology Co and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Actions Technology Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Actions 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 Actions 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 Actions 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 Actions Technology Co to buy it.

Moving together with Actions Stock

0.68	603444	G bits Network	Pair Corr
0.66	300223	Ingenic Semiconductor	Pair Corr
0.77	603881	Shanghai AtHub	Pair Corr
0.76	002230	Iflytek	Pair Corr
0.63	002549	Hunan Kaimeite Gases	Pair Corr
0.77	002298	Anhui Xinlong Electrical	Pair Corr
0.77	002371	NAURA Technology	Pair Corr
0.81	000938	Unisplendour Corp	Pair Corr
0.81	688519	Nanya New Material	Pair Corr
0.75	688041	Hygon Information	Pair Corr
0.66	600031	Sany Heavy Industry	Pair Corr
0.69	600355	Routon Electronic	Pair Corr
0.68	688432	GRINM Semiconductor	Pair Corr

Moving against Actions Stock

0.67	601939	China Construction Bank	Pair Corr
0.54	601988	Bank of China	Pair Corr
0.49	600028	China Petroleum Chemical	Pair Corr
0.45	601318	Ping An Insurance	Pair Corr
0.4	601398	Industrial and Commercial	Pair Corr
0.31	601211	Guotai Junan Securities	Pair Corr

Related Correlations Analysis

	300852	600477	600496	300976	600022	688020	600569	300207
300852		0.5	0.34	0.58	0.19	0.57	-0.1	0.66	300852
600477	0.5		0.63	0.25	0.74	0.15	0.47	0.45	600477
600496	0.34	0.63		0.55	0.76	-0.07	0.59	0.76	600496
300976	0.58	0.25	0.55		0.34	0.3	-0.01	0.75	300976
600022	0.19	0.74	0.76	0.34		-0.23	0.72	0.44	600022
688020	0.57	0.15	-0.07	0.3	-0.23		-0.37	0.23	688020
600569	-0.1	0.47	0.59	-0.01	0.72	-0.37		0.31	600569
300207	0.66	0.45	0.76	0.75	0.44	0.23	0.31		300207
	300852	600477	600496	300976	600022	688020	600569	300207

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

600022	+ 0.76	600496
300207	+ 0.76	600496
300207	+ 0.75	300976
600022	+ 0.74	600477
600569	+ 0.72	600022
300207	+ 0.66	300852

High negative correlations

600569	- 0.37	688020
688020	- 0.23	600022
600569	- 0.1	300852
688020	- 0.07	600496
600569	- 0.01	300976

Risk-Adjusted Indicators

There is a big difference between Actions Stock performing well and Actions 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 Actions 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
300852	2.95	0.30	0.07	1.24	2.79	(3.36)	6.50	(4.46)	25.16
600477	0.94	0.11	(0.01)	(0.27)	1.14	(1.09)	1.90	(2.23)	6.21
600496	1.20	0.45	0.21	(7.23)	1.05	(1.43)	3.78	(2.58)	13.21
300976	2.44	0.29	0.08	2.09	2.37	(2.90)	5.01	(3.64)	14.72
600022	1.24	0.16	0.01	(0.26)	1.41	(1.54)	2.56	(2.61)	7.81
688020	3.39	0.14	0.03	0.25	4.28	(3.52)	6.78	(6.51)	22.48
600569	1.69	0.25	0.05	(0.63)	2.20	(1.78)	3.16	(3.44)	13.52
300207	2.60	0.78	0.21	0.91	2.85	(2.80)	6.98	(5.64)	24.47

Be your own money manager

Our tools can tell you how much better you can do entering a position in Actions 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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