China Galaxy Correlations

CGXYY Stock  USD 13.88  0.20  1.42%   
The correlation of China Galaxy is a statistical measure of how it moves in relation to other equities. 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 China Galaxy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Galaxy Securities 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Galaxy Securities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices.
  
The ability to find closely correlated positions to China Galaxy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Galaxy 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 China Galaxy - 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 China Galaxy Securities to buy it.

Moving together with China Pink Sheet

+0.65PTAIFPT Astra InternationalPairCorr

Moving against China Pink Sheet

-0.54MS-PKMorgan StanleyPairCorr
-0.48MSMorgan Stanley Sell-off TrendPairCorr

Related Correlations

MS
GS
SCHW
INTC
MS
0.670.66-0.35
MS
GS
0.670.27-0.01
GS
SCHW
0.660.27-0.59
SCHW
INTC
-0.35-0.01-0.59
INTC
MS
GS
SCHW
INTC
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
GSMS
SCHWMS
SCHWGS
  
High negative correlations   
INTCSCHW
INTCMS
INTCGS

Risk-Adjusted Indicators

Nowadays, there is a big difference between China Pink Sheet performing well and China Galaxy company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze China Galaxy's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in China Galaxy 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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China Galaxy Corporate Directors

China Galaxy corporate directors refer to members of a China Galaxy board of directors. The board of directors generally takes responsibility for the China Galaxy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of China Galaxy's board members must vote for the resolution. The China Galaxy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Chengming WuExecutive Director, Joint Company SecretaryProfile
Zhenjun WangIndependent DirectorProfile
Jinghua ZhangNon-Executive DirectorProfile
Ruizhong LiuNon-Executive Independent DirectorProfile

Already Invested in China Galaxy Securities?

The danger of trading China Galaxy Securities 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 China Galaxy 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 China Galaxy. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile China Galaxy Securities 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 China Galaxy Securities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for China Pink Sheet analysis

When running China Galaxy's price analysis, check to measure China Galaxy'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 China Galaxy is operating at the current time. Most of China Galaxy's value examination focuses on studying past and present price action to predict the probability of China Galaxy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Galaxy's price. Additionally, you may evaluate how the addition of China Galaxy to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between China Galaxy's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Galaxy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Galaxy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.