VeriSilicon Microelectronics Correlations

688521 Stock

87.40 0.72 0.83%

The current 90-days correlation between VeriSilicon Microelectronics and Industrial and Commercial is -0.19 (i.e., Good diversification). The correlation of VeriSilicon Microelectronics 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.

VeriSilicon Microelectronics Correlation With Market

Modest diversification

The correlation between VeriSilicon Microelectronics S 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 VeriSilicon Microelectronics S and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against VeriSilicon Stock

0.4	601728	China Telecom Corp	Pair Corr
0.35	002594	BYD Co Split	Pair Corr
0.33	300942	Shenzhen Bioeasy Bio	Pair Corr

Related Correlations Analysis

	601398	601288	601939	601988	601658	601328	601318	600036	601166	601998
601398		0.78	0.95	0.68	0.75	0.76	0.57	0.64	0.45	0.66	601398
601288	0.78		0.77	0.52	0.95	0.91	0.9	0.6	0.81	0.64	601288
601939	0.95	0.77		0.79	0.74	0.75	0.53	0.53	0.44	0.53	601939
601988	0.68	0.52	0.79		0.44	0.5	0.28	0.17	0.15	0.06	601988
601658	0.75	0.95	0.74	0.44		0.93	0.89	0.72	0.86	0.78	601658
601328	0.76	0.91	0.75	0.5	0.93		0.88	0.78	0.82	0.75	601328
601318	0.57	0.9	0.53	0.28	0.89	0.88		0.68	0.91	0.64	601318
600036	0.64	0.6	0.53	0.17	0.72	0.78	0.68		0.67	0.86	600036
601166	0.45	0.81	0.44	0.15	0.86	0.82	0.91	0.67		0.7	601166
601998	0.66	0.64	0.53	0.06	0.78	0.75	0.64	0.86	0.7		601998
	601398	601288	601939	601988	601658	601328	601318	600036	601166	601998

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Risk-Adjusted Indicators

There is a big difference between VeriSilicon Stock performing well and VeriSilicon Microelectronics 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 VeriSilicon Microelectronics' 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	0.73	0.06	(0.10)	0.67	1.06	(0.79)	1.46	(1.51)	4.89
601288	0.85	0.22	0.02	5.69	0.88	(0.96)	2.01	(1.45)	5.71
601939	0.75	0.01	(0.16)	0.31	0.93	(0.89)	1.95	(1.46)	5.16
601988	0.80	(0.09)	0.00	(0.44)	0.00	0.00	1.25	(2.23)	5.87
601658	0.76	0.12	(0.10)	(1.30)	0.91	(0.87)	1.76	(1.50)	5.25
601328	0.77	0.00	(0.17)	0.21	0.89	(0.90)	1.59	(1.32)	5.31
601318	0.82	0.16	0.01	0.73	0.55	(1.07)	2.29	(1.13)	6.85
600036	0.85	0.07	(0.07)	0.58	1.24	(0.91)	1.60	(1.45)	5.74
601166	0.99	0.21	(0.02)	(1.40)	0.87	(1.17)	2.55	(1.68)	7.32
601998	1.09	0.25	0.03	(12.10)	1.01	(1.32)	2.42	(2.04)	7.24

Be your own money manager

Our tools can tell you how much better you can do entering a position in VeriSilicon Microelectronics 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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VeriSilicon Microelectronics Corporate Management

Elected by the shareholders, the VeriSilicon Microelectronics' board of directors comprises two types of representatives: VeriSilicon Microelectronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of VeriSilicon. The board's role is to monitor VeriSilicon Microelectronics' management team and ensure that shareholders' interests are well served. VeriSilicon Microelectronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, VeriSilicon Microelectronics' outside directors are responsible for providing unbiased perspectives on the board's policies.

Zhehong Qian	VP	Profile
Martyn Humphries	Senior Group	Profile
WeiJin Dai	Executive Officer	Profile
Yang Wang	Executive Division	Profile
Zhiwei Wang	Executive Division	Profile

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