China Railway Correlations
| CRWOF Stock | USD 0.51 0.04 8.51% |
The correlation of China Railway 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 China Railway moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Railway Group 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 China Railway Group and NYA is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Railway Group and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to China Railway 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 Railway 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 Railway - 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 Railway Group to buy it.
Moving together with China Pink Sheet
| 0.69 | PWR | Quanta Services Earnings Call This Week | PairCorr |
| 0.68 | WSPOF | WSP Global | PairCorr |
| 0.68 | EME | EMCOR Group Earnings Call Today | PairCorr |
| 0.67 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.64 | PG | Procter Gamble Financial Report 26th of July 2024 | PairCorr |
Moving against China Pink Sheet
| 0.62 | AMPH | Amphastar P Financial Report 14th of May 2024 | PairCorr |
| 0.58 | MMSI | Merit Medical Systems Earnings Call This Week | PairCorr |
| 0.57 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.42 | MCD | McDonalds Earnings Call This Week | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between China Pink Sheet performing well and China 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 China 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.Be your own money manager
Our tools can tell you how much better you can do entering a position in China Railway 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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China Railway Corporate Directors
China Railway corporate directors refer to members of a China Railway board of directors. The board of directors generally takes responsibility for the China Railway'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 Railway's board members must vote for the resolution. The China Railway board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ruiming Zhong | Independent Non-Executive Director | Profile | |
| Patrick Sun | Independent Non-Executive Director | Profile | |
| Taiwen Wang | Independent Non-Executive Director | Profile | |
| Weifeng Wei | Independent Director | Profile |
Already Invested in China Railway Group?
The danger of trading China Railway Group 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 Railway 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 Railway. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile China Railway Group 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 Railway Group. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for China Pink Sheet analysis
When running China Railway's price analysis, check to measure China Railway'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 Railway is operating at the current time. Most of China Railway's value examination focuses on studying past and present price action to predict the probability of China Railway'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 Railway's price. Additionally, you may evaluate how the addition of China Railway to your portfolios can decrease your overall portfolio volatility.
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