Zhaojin Mining Correlations
| ZHAOF Stock | USD 0.87 0.60 40.67% |
The correlation of Zhaojin Mining 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zhaojin Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zhaojin Mining Industry moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Zhaojin Mining Industry and NYA is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhaojin Mining Industry and NYA in the same portfolio, assuming nothing else is changed.
Zhaojin |
The ability to find closely correlated positions to Zhaojin Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhaojin Mining 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 Zhaojin Mining - 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 Zhaojin Mining Industry to buy it.
Moving together with Zhaojin Pink Sheet
| 0.77 | NEM | Newmont Goldcorp Corp Aggressive Push | PairCorr |
| 0.63 | ZIJMY | Zijin Mining Group | PairCorr |
| 0.72 | AEM | Agnico Eagle Mines | PairCorr |
| 0.72 | WPM | Wheaton Precious Metals | PairCorr |
| 0.75 | NCMGF | Newcrest Mining | PairCorr |
| 0.77 | VITL | Vital FarmsInc | PairCorr |
| 0.83 | YMM | Full Truck Alliance Earnings Call Today | PairCorr |
| 0.76 | DSGX | Descartes Systems Financial Report 29th of May 2024 | PairCorr |
| 0.73 | VST | Vistra Energy Corp | PairCorr |
| 0.79 | GRAB | Grab Holdings Aggressive Push | PairCorr |
Moving against Zhaojin Pink Sheet
| 0.9 | IBM | International Business Financial Report 17th of July 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Zhaojin Pink Sheet performing well and Zhaojin Mining 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 Zhaojin Mining'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NEM | 1.74 | 0.52 | 0.18 | (2.32) | 1.96 | 4.62 | 16.29 | |||
| AEM | 1.24 | 0.58 | 0.40 | 0.64 | 0.90 | 3.11 | 8.45 | |||
| GOLD | 1.39 | 0.25 | 0.13 | 0.27 | 1.67 | 2.82 | 9.57 | |||
| WPM | 1.46 | 0.50 | 0.17 | (0.48) | 1.72 | 3.61 | 10.45 | |||
| GFI | 2.17 | 0.46 | 0.09 | (0.38) | 3.06 | 4.89 | 16.01 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Zhaojin Mining 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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Zhaojin Mining Corporate Management
Elected by the shareholders, the Zhaojin Mining's board of directors comprises two types of representatives: Zhaojin Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zhaojin. The board's role is to monitor Zhaojin Mining's management team and ensure that shareholders' interests are well served. Zhaojin Mining'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, Zhaojin Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Houlin Huang | Chief Officer | Profile | |
| Lunan Chen | Ex Director | Profile | |
| Guipeng Jiang | Pres Director | Profile | |
| ACIS ACS | Company Sec | Profile | |
| Jiwen Yin | Chief Officer | Profile |
Already Invested in Zhaojin Mining Industry?
The danger of trading Zhaojin Mining Industry is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Zhaojin Mining is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Zhaojin Mining. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Zhaojin Mining Industry is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zhaojin Mining Industry. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Zhaojin Pink Sheet analysis
When running Zhaojin Mining's price analysis, check to measure Zhaojin Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zhaojin Mining is operating at the current time. Most of Zhaojin Mining's value examination focuses on studying past and present price action to predict the probability of Zhaojin Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zhaojin Mining's price. Additionally, you may evaluate how the addition of Zhaojin Mining to your portfolios can decrease your overall portfolio volatility.
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