Shunfeng International Correlations

SHUNF Stock

USD 0.0006 0.00 0.00%

The current 90-days correlation between Shunfeng International and Constellation Energy Corp is -0.03 (i.e., Good diversification). The correlation of Shunfeng International 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.

Shunfeng International Correlation With Market

Good diversification

The correlation between Shunfeng International Clean and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shunfeng International Clean and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Shunfeng Pink Sheet

0.68

MCD

McDonalds

Pair Corr

Moving against Shunfeng Pink Sheet

0.88	CZAVF	CEZ a s	Pair Corr
0.81	VCIGF	Vitreous Glass	Pair Corr
0.75	PKX	POSCO Holdings	Pair Corr
0.69	CLPXY	China Longyuan Power	Pair Corr
0.62	EDRVF	EDP Renovaveis	Pair Corr
0.6	GLYC	GlycoMimetics Symbol Change	Pair Corr
0.59	DNNGY	Orsted AS ADR	Pair Corr
0.58	OEZVF	VERBUND AG	Pair Corr
0.58	VST	Vistra Energy Corp	Pair Corr
0.58	STRT	Strattec Security	Pair Corr
0.56	KB	KB Financial Group	Pair Corr
0.49	CIO-PA	City Office REIT	Pair Corr
0.46	HYMTF	Hyundai Motor	Pair Corr
0.44	CEG	Constellation Energy Corp	Pair Corr
0.43	DOGEF	Orsted A/S	Pair Corr
0.42	SPNS	Sapiens International	Pair Corr
0.37	SWZNF	Schweizerische Nationalbank	Pair Corr
0.63	25245BAA5	DIAGEO INVT P	Pair Corr
0.63	CAT	Caterpillar	Pair Corr
0.59	BAC	Bank of America Earnings Call This Week	Pair Corr
0.58	AXP	American Express	Pair Corr
0.52	MSFT	Microsoft Aggressive Push	Pair Corr
0.51	DIS	Walt Disney	Pair Corr
0.51	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.48	MMM	3M Company	Pair Corr
0.45	EBS	Emergent Biosolutions	Pair Corr
0.4	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.38	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.36	BA	Boeing Aggressive Push	Pair Corr
0.33	HL	Hecla Mining	Pair Corr

Related Correlations Analysis

	CEG	OEZVY	OEZVF	DNNGY	DOGEF	CZAVF	EDRVF	CLPXY
CEG		0.72	0.31	0.21	0.03	0.38	0.88	0.72	CEG
OEZVY	0.72		0.35	0.33	0.24	0.22	0.67	0.5	OEZVY
OEZVF	0.31	0.35		0.69	0.6	0.51	0.54	0.72	OEZVF
DNNGY	0.21	0.33	0.69		0.63	0.52	0.38	0.54	DNNGY
DOGEF	0.03	0.24	0.6	0.63		0.4	0.25	0.45	DOGEF
CZAVF	0.38	0.22	0.51	0.52	0.4		0.61	0.69	CZAVF
EDRVF	0.88	0.67	0.54	0.38	0.25	0.61		0.87	EDRVF
CLPXY	0.72	0.5	0.72	0.54	0.45	0.69	0.87		CLPXY
	CEG	OEZVY	OEZVF	DNNGY	DOGEF	CZAVF	EDRVF	CLPXY

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Risk-Adjusted Indicators

There is a big difference between Shunfeng Pink Sheet performing well and Shunfeng International 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 Shunfeng International'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
CEG	2.65	0.51	0.14	0.36	3.45	(2.86)	5.16	(5.09)	23.31
OEZVY	2.97	0.22	0.03	(3.31)	3.94	(3.60)	6.25	(6.51)	18.92
OEZVF	0.39	0.01	0.00	0.16	0.00	0.00	0.00	0.00	13.05
DNNGY	2.21	(0.04)	(0.02)	0.01	3.16	(2.24)	3.69	(4.80)	24.86
DOGEF	3.76	0.16	0.01	(0.66)	4.78	(4.16)	7.77	(8.12)	27.45
CZAVF	1.84	0.90	0.00	3.04	0.00	0.00	0.00	0.00	61.78
EDRVF	1.31	0.50	0.00	2.85	0.00	0.00	6.65	(0.72)	13.32
CLPXY	1.53	0.20	0.05	2.26	2.03	(1.85)	3.73	(3.09)	11.18

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