Haier Smart Correlations
| 690D Stock | EUR 1.84 0.02 1.10% |
The current 90-days correlation between Haier Smart Home and Haier Smart Home is 0.62 (i.e., Poor diversification). The correlation of Haier Smart 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.
Haier |
The ability to find closely correlated positions to Haier Smart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haier Smart 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 Haier Smart - 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 Haier Smart Home to buy it.
Moving together with Haier Stock
| 0.98 | 690D | Haier Smart Home | PairCorr |
| 0.77 | GRB | SEB SA Earnings Call This Week | PairCorr |
| 0.78 | DLN | Derwent London PLC | PairCorr |
| 0.83 | 4KK1 | Electrolux Professional Earnings Call This Week | PairCorr |
| 0.83 | PO6 | Penta Ocean Construc | PairCorr |
| 0.62 | VODI | VODAFONE GROUP | PairCorr |
| 0.61 | 5AP | Palo Alto Networks | PairCorr |
| 0.79 | AEC1 | American Express | PairCorr |
| 0.79 | KLU1 | Kaiser Aluminum Earnings Call This Week | PairCorr |
| 0.79 | CTNK | Centrotherm International | PairCorr |
| 0.84 | UN9 | UNIQA INSURANCE GR | PairCorr |
| 0.84 | 9TG0 | GAZTRTECHNIUADR1/5EO01 | PairCorr |
Moving against Haier Stock
| 0.7 | 3HB | HYBRIGENICS A | PairCorr |
| 0.32 | 13X | Xinyi Solar Holdings | PairCorr |
| 0.65 | DBPD | Xtrackers ShortDAX | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Haier Stock performing well and Haier Smart 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 Haier Smart'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 690D | 0.93 | 0.22 | 0.04 | (1.08) | 0.92 | 2.48 | 8.71 | |||
| 690D | 1.23 | 0.20 | 0.05 | (43.62) | 0.96 | 2.47 | 8.48 | |||
| DLN | 1.28 | 0.21 | 0.06 | 6.57 | 1.22 | 3.65 | 10.12 | |||
| 94P | 1.29 | 0.14 | 0.03 | 0.49 | 1.48 | 3.01 | 10.45 | |||
| INVN | 1.95 | 0.14 | 0.03 | 0.49 | 2.29 | 3.47 | 16.23 | |||
| IUI1 | 1.19 | 0.13 | 0.01 | 1.19 | 1.33 | 2.92 | 9.48 | |||
| VOW | 1.27 | 0.08 | (0.03) | 1.99 | 1.35 | 3.17 | 6.99 | |||
| BTC1 | 1.54 | 0.46 | 0.19 | (42.28) | 1.24 | 3.50 | 10.11 | |||
| RS6 | 1.10 | 0.31 | 0.14 | (5.28) | 0.86 | 2.81 | 7.01 | |||
| 3RKU | 1.72 | 0.46 | 0.15 | (46.24) | 1.68 | 4.11 | 11.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Haier Smart 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?
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Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
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Haier Smart Corporate Management
Elected by the shareholders, the Haier Smart's board of directors comprises two types of representatives: Haier Smart inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Haier. The board's role is to monitor Haier Smart's management team and ensure that shareholders' interests are well served. Haier Smart'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, Haier Smart's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Changqi Wu | Director | Profile | |
| Deming Dai | Independent Director | Profile | |
| Yan Yan | Director | Profile | |
| Miao Yu | Legal Board | Profile | |
| Tiantao Shi | Independent Director | Profile | |
| Chi Ng | Company Sec | Profile |