Yealink Network Correlations
| 300628 Stock | 35.08 0.82 2.39% |
The correlation of Yealink Network 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 Yealink Network moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yealink Network Technology 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.
Significant diversification
The correlation between Yealink Network Technology and NYA is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yealink Network Technology and NYA in the same portfolio, assuming nothing else is changed.
Yealink |
The ability to find closely correlated positions to Yealink Network could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yealink Network 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 Yealink Network - 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 Yealink Network Technology to buy it.
Moving together with Yealink Stock
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
|
Risk-Adjusted Indicators
There is a big difference between Yealink Stock performing well and Yealink Network 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 Yealink Network'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 601628 | 1.54 | 0.10 | 0.05 | 0.21 | 1.54 | 3.73 | 10.33 | |||
| 688072 | 2.58 | (0.05) | 0.00 | 0.14 | 0.00 | 5.45 | 18.92 | |||
| 601198 | 1.53 | (0.01) | (0.02) | 0.07 | 1.74 | 3.59 | 11.05 | |||
| 300475 | 3.79 | 0.32 | 0.06 | 1.45 | 4.10 | 8.68 | 19.69 | |||
| 300396 | 2.56 | (0.20) | 0.00 | (0.68) | 0.00 | 7.32 | 15.60 | |||
| 688293 | 2.66 | (0.70) | 0.00 | (0.61) | 0.00 | 5.31 | 22.89 | |||
| 688126 | 1.68 | (0.39) | 0.00 | (0.87) | 0.00 | 3.55 | 7.99 | |||
| 688369 | 3.29 | (0.86) | 0.00 | (0.55) | 0.00 | 5.43 | 29.07 | |||
| 000061 | 1.70 | (0.16) | 0.00 | (0.04) | 0.00 | 4.80 | 11.41 | |||
| 600383 | 2.12 | (0.46) | 0.00 | (0.34) | 0.00 | 4.14 | 12.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Yealink Network 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?
Run Pattern Recognition Now
Pattern RecognitionUse different Pattern Recognition models to time the market across multiple global exchanges |
| All Next | Launch Module |
Yealink Network Corporate Management
Elected by the shareholders, the Yealink Network's board of directors comprises two types of representatives: Yealink Network inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yealink. The board's role is to monitor Yealink Network's management team and ensure that shareholders' interests are well served. Yealink Network'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, Yealink Network's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Feifei Yu | Deputy Board | Profile | |
| Jianbing Yu | Chief Officer | Profile | |
| Andrew Roberts | Managing Limited | Profile | |
| Wenhui Ye | Financial Controller | Profile |
Already Invested in Yealink Network Technology?
The danger of trading Yealink Network Technology 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 Yealink Network 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 Yealink Network. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Yealink Network Tech 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Yealink Network Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Yealink Network Tech information on this page should be used as a complementary analysis to other Yealink Network's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Yealink Stock analysis
When running Yealink Network's price analysis, check to measure Yealink Network'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 Yealink Network is operating at the current time. Most of Yealink Network's value examination focuses on studying past and present price action to predict the probability of Yealink Network's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yealink Network's price. Additionally, you may evaluate how the addition of Yealink Network to your portfolios can decrease your overall portfolio volatility.
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |