Guangshen Railway Related Correlations
Generate correlation matrix for Guangshen Railway and other related equities to check the degree to which Guangshen Railway price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Guangshen Railway. To filter out specific equities, please toggle its corresponding legend item. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Correlations
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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 Guangshen Stock performing well and Guangshen Railway 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 Guangshen Railway'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WDC | 1.87 | 0.25 | 0.15 | 0.23 | 1.69 | 4.33 | 10.97 | |||
| CALT | 2.43 | (0.42) | 0.00 | (0.30) | 0.00 | 5.28 | 15.96 | |||
| RDCM | 2.68 | 0.13 | 0.04 | 0.19 | 3.30 | 5.45 | 19.64 | |||
| ASUR | 2.05 | (0.35) | 0.00 | (0.12) | 0.00 | 3.90 | 19.58 | |||
| VALN | 2.83 | (0.28) | 0.00 | (0.24) | 0.00 | 5.22 | 19.42 | |||
| USIO | 2.16 | (0.18) | 0.00 | (0.16) | 0.00 | 3.77 | 9.75 | |||
| VCSA | 3.35 | (0.25) | 0.00 | (0.14) | 0.00 | 7.28 | 26.47 | |||
| NTGR | 1.72 | (0.09) | 0.00 | 0.03 | 2.46 | 3.88 | 14.57 |