Fuwei Films Related Correlations

Summary

FFHLDelisted Stock

USD 8.48 0.00 0.00%

Generate correlation matrix for Fuwei Films and other related equities to check the degree to which Fuwei Films Holdings 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 Fuwei Films Holdings. To filter out specific equities, please toggle its corresponding legend item. Check out Investing Opportunities 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 rate.

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Please note, there is a significant difference between Fuwei Films' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fuwei Films is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fuwei Films' 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.

Correlations

	SONO	MSN	JDSPY	TCRX	IMTE	HAS	BNTX
SONO		-0.47	0.07	0.67	-0.16	0.47	-0.39	SONO
MSN	-0.47		-0.01	-0.45	-0.02	-0.13	0.24	MSN
JDSPY	0.07	-0.01		0.33	-0.5	0.49	-0.29	JDSPY
TCRX	0.67	-0.45	0.33		-0.56	0.76	-0.65	TCRX
IMTE	-0.16	-0.02	-0.5	-0.56		-0.79	0.73	IMTE
HAS	0.47	-0.13	0.49	0.76	-0.79		-0.68	HAS
BNTX	-0.39	0.24	-0.29	-0.65	0.73	-0.68		BNTX
	SONO	MSN	JDSPY	TCRX	IMTE	HAS	BNTX

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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

HAS	+ 0.76	TCRX
BNTX	+ 0.73	IMTE
TCRX	+ 0.67	SONO
HAS	+ 0.49	JDSPY
HAS	+ 0.47	SONO
TCRX	+ 0.33	JDSPY

High negative correlations

HAS	- 0.79	IMTE
BNTX	- 0.68	HAS
BNTX	- 0.65	TCRX
IMTE	- 0.56	TCRX
IMTE	- 0.5	JDSPY
MSN	- 0.47	SONO

Risk-Adjusted Indicators

There is a big difference between Fuwei Stock performing well and Fuwei Films 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 Fuwei Films' 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
SONO	1.82	0.02	0.03	0.07	2.19	(1.91)	3.98	(3.50)	22.79
MSN	1.23	0.06	(0.01)	(0.10)	1.52	(2.58)	3.70	(3.64)	9.30
JDSPY	2.38	(0.01)	(0.01)	0.05	2.88	(2.75)	4.41	(5.88)	20.95
TCRX	3.33	0.35	0.07	1.09	4.02	(3.60)	7.88	(7.28)	28.23
IMTE	2.62	(0.51)	0.00	0.96	0.00	0.00	5.05	(5.21)	20.73
HAS	1.11	0.19	0.16	0.23	0.92	(1.32)	3.31	(2.06)	7.24
BNTX	1.24	(0.25)	0.00	(0.34)	0.00	0.00	2.21	(2.17)	9.89

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Fuwei Films Related Correlations

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