Inspur Software Correlations

600756 Stock

15.95 0.53 3.22%

The current 90-days correlation between Inspur Software and Cinda Securities Co is 0.64 (i.e., Poor diversification). The correlation of Inspur Software 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Inspur Software Correlation With Market

Good diversification

The correlation between Inspur Software Co and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inspur Software Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Inspur Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inspur Software 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 Inspur Software - 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 Inspur Software Co to buy it.

Moving together with Inspur Stock

0.68	601398	Industrial and Commercial	Pair Corr
0.75	601658	Postal Savings Bank	Pair Corr
0.81	601728	China Telecom Corp	Pair Corr

Related Correlations Analysis

	601628	601059	688072	601198	688293	688126	603993	000504	000061	688012
601628		0.95	0.75	0.9	0.71	0.92	0.71	0.72	0.68	0.83	601628
601059	0.95		0.71	0.89	0.67	0.86	0.73	0.67	0.65	0.78	601059
688072	0.75	0.71		0.87	0.95	0.8	0.16	0.86	0.85	0.98	688072
601198	0.9	0.89	0.87		0.86	0.83	0.48	0.83	0.81	0.91	601198
688293	0.71	0.67	0.95	0.86		0.74	0.13	0.9	0.92	0.93	688293
688126	0.92	0.86	0.8	0.83	0.74		0.56	0.79	0.69	0.87	688126
603993	0.71	0.73	0.16	0.48	0.13	0.56		0.22	0.17	0.27	603993
000504	0.72	0.67	0.86	0.83	0.9	0.79	0.22		0.87	0.88	000504
000061	0.68	0.65	0.85	0.81	0.92	0.69	0.17	0.87		0.86	000061
688012	0.83	0.78	0.98	0.91	0.93	0.87	0.27	0.88	0.86		688012
	601628	601059	688072	601198	688293	688126	603993	000504	000061	688012

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Risk-Adjusted Indicators

There is a big difference between Inspur Stock performing well and Inspur Software 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 Inspur Software'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	2.13	0.33	0.10	0.82	2.52	(2.36)	6.42	(3.94)	20.00
601059	2.39	0.42	0.10	(3.42)	2.73	(2.70)	7.43	(4.36)	20.10
688072	3.64	0.63	0.14	(166.07)	3.44	(4.44)	11.70	(6.63)	30.46
601198	2.69	0.68	0.15	(1.66)	2.92	(2.92)	9.99	(5.54)	20.42
688293	3.63	0.93	0.16	(0.60)	3.80	(3.88)	11.13	(5.59)	29.27
688126	3.54	0.76	0.20	424.47	2.93	(4.59)	14.22	(5.02)	29.35
603993	1.85	0.11	0.00	(0.23)	2.37	(2.07)	4.34	(3.73)	14.34
000504	2.94	0.49	0.11	(0.87)	3.03	(3.38)	7.89	(5.39)	19.08
000061	1.64	0.55	0.21	2.42	1.61	(1.86)	4.90	(2.47)	15.40
688012	3.29	0.76	0.21	1.45	2.78	(3.86)	12.89	(5.17)	29.70

Be your own money manager

Our tools can tell you how much better you can do entering a position in Inspur Software 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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Inspur Software Corporate Management

Elected by the shareholders, the Inspur Software's board of directors comprises two types of representatives: Inspur Software inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Inspur. The board's role is to monitor Inspur Software's management team and ensure that shareholders' interests are well served. Inspur Software'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, Inspur Software's outside directors are responsible for providing unbiased perspectives on the board's policies.

Zhaoliang Chen	Deputy Manager	Profile
Lei Huang	Deputy Manager	Profile
Ya Wang	Board Secretary	Profile
Lianchao Zhang	Deputy Manager	Profile
Kang Wang	Deputy Manager	Profile

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