Angang Steel Correlations
| GNV Stock | EUR 0.22 0.01 4.35% |
The current 90-days correlation between Angang Steel and EBRO FOODS is 0.16 (i.e., Average diversification). The correlation of Angang Steel 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.
Angang Steel Correlation With Market
Average diversification
The correlation between Angang Steel and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Angang Steel and DJI in the same portfolio, assuming nothing else is changed.
Angang |
The ability to find closely correlated positions to Angang Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Angang Steel 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 Angang Steel - 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 Angang Steel to buy it.
Moving together with Angang Stock
| 0.78 | NUO | Nucor | PairCorr |
| 0.74 | ARRD | ArcelorMittal SA | PairCorr |
| 0.7 | ARRJ | ArcelorMittal | PairCorr |
| 0.83 | PKX | POSCO Holdings | PairCorr |
| 0.7 | RS6 | Reliance Steel Aluminum Earnings Call This Week | PairCorr |
| 0.67 | OIX | ORIX | PairCorr |
| 0.64 | OIXA | Orix Corp Ads | PairCorr |
Moving against Angang Stock
| 0.55 | NPS | Nippon Steel | PairCorr |
| 0.49 | NPSA | NIPPON STEEL SPADR | PairCorr |
| 0.48 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.36 | TKDA | Takeda Pharmaceutical | PairCorr |
Related Correlations Analysis
| 0.79 | 0.62 | 0.79 | 0.98 | 0.7 | 0.78 | 39M | ||
| 0.79 | 0.48 | 0.81 | 0.76 | 0.62 | 0.82 | OYC | ||
| 0.62 | 0.48 | 0.38 | 0.67 | 0.76 | 0.63 | AZU | ||
| 0.79 | 0.81 | 0.38 | 0.76 | 0.4 | 0.76 | 52SA | ||
| 0.98 | 0.76 | 0.67 | 0.76 | 0.71 | 0.79 | 39M | ||
| 0.7 | 0.62 | 0.76 | 0.4 | 0.71 | 0.58 | 2U0 | ||
| 0.78 | 0.82 | 0.63 | 0.76 | 0.79 | 0.58 | XY81 | ||
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Risk-Adjusted Indicators
There is a big difference between Angang Stock performing well and Angang Steel 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 Angang Steel'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 39M | 1.10 | 0.13 | 0.01 | 1.41 | 1.08 | 2.60 | 6.04 | |||
| OYC | 2.37 | 0.53 | 0.14 | (1.27) | 2.20 | 5.92 | 18.01 | |||
| AZU | 0.69 | 0.04 | (0.06) | 0.32 | 0.80 | 1.47 | 3.51 | |||
| 52SA | 1.45 | 0.34 | 0.09 | (1.76) | 1.67 | 3.36 | 10.08 | |||
| 39M | 0.83 | 0.17 | 0.02 | (1.37) | 0.82 | 1.86 | 5.31 | |||
| 2U0 | 2.67 | 0.62 | 0.18 | (6.63) | 2.18 | 7.49 | 15.57 | |||
| XY81 | 1.79 | 0.46 | 0.12 | (0.81) | 1.71 | 4.40 | 18.60 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Angang Steel 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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Angang Steel Corporate Management
Elected by the shareholders, the Angang Steel's board of directors comprises two types of representatives: Angang Steel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Angang. The board's role is to monitor Angang Steel's management team and ensure that shareholders' interests are well served. Angang Steel'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, Angang Steel's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jingsong Meng | VP GM | Profile | |
| Shishuai Xu | GM Director | Profile | |
| Yidong Wang | Ex Chairman | Profile | |
| Wu Guo | Controller | Profile | |
| Dongzhou Zhou | Joint Sec | Profile | |
| Baojun Wang | Chief GM | Profile | |
| Peng Zhang | Deputy Mang | Profile |