Hong Kong Correlations
| HOKCF Stock | USD 0.77 0.00 0.00% |
The correlation of Hong Kong 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 Hong Kong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hong Kong and 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 Hong Kong and and NYA is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hong Kong and and NYA in the same portfolio, assuming nothing else is changed.
Hong |
The ability to find closely correlated positions to Hong Kong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hong Kong 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 Hong Kong - 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 Hong Kong and to buy it.
Moving together with Hong Pink Sheet
| 0.61 | XNGSY | ENN Energy Holdings | PairCorr |
| 0.7 | NI | NiSource | PairCorr |
| 0.72 | HYMTF | Hyundai Motor | PairCorr |
| 0.7 | TILE | Interface Downward Rally | PairCorr |
Moving against Hong Pink Sheet
| 0.69 | GASNF | Naturgy Energy Group | PairCorr |
| 0.53 | SWZNF | Schweizerische Nationalbank | PairCorr |
| 0.52 | GASNY | Naturgy Energy Group | PairCorr |
| 0.5 | SNMRF | Snam SpA | PairCorr |
| 0.42 | PKX | POSCO Holdings | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Hong Pink Sheet performing well and Hong Kong 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 Hong Kong'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NI | 0.73 | 0.11 | 0.10 | 0.22 | 0.65 | 1.83 | 3.85 | |||
| NJR | 0.95 | 0.14 | 0.07 | 1.89 | 1.12 | 2.05 | 7.11 | |||
| NWN | 1.37 | 0.12 | 0.02 | (0.33) | 2.23 | 2.99 | 17.13 | |||
| UGI | 1.46 | (0.08) | 0.00 | (0.01) | 0.00 | 2.57 | 14.61 | |||
| SR | 0.86 | 0.14 | 0.07 | (0.94) | 0.86 | 2.19 | 7.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hong Kong 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 Bonds Directory Now
Bonds DirectoryFind actively traded corporate debentures issued by US companies |
| All Next | Launch Module |
Hong Kong Corporate Management
Elected by the shareholders, the Hong Kong's board of directors comprises two types of representatives: Hong Kong inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hong. The board's role is to monitor Hong Kong's management team and ensure that shareholders' interests are well served. Hong Kong'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, Hong Kong's outside directors are responsible for providing unbiased perspectives on the board's policies.
| BA BA | Company CFO | Profile | |
| Jianhang Qiu | Ex Bus | Profile | |
| Mankit Fung | Head Utilities | Profile | |
| Waingai Kee | Ex Bus | Profile | |
| Ngo Hing | Head Utilities | Profile | |
| Kit Fan | Head of Corporate HR | Profile | |
| ACIS ACS | Deputy Director | Profile |
Already Invested in Hong Kong and?
The danger of trading Hong Kong and 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 Hong Kong 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 Hong Kong. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hong Kong 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hong Kong and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Hong Kong information on this page should be used as a complementary analysis to other Hong Kong'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Hong Pink Sheet analysis
When running Hong Kong's price analysis, check to measure Hong Kong'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 Hong Kong is operating at the current time. Most of Hong Kong's value examination focuses on studying past and present price action to predict the probability of Hong Kong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hong Kong's price. Additionally, you may evaluate how the addition of Hong Kong to your portfolios can decrease your overall portfolio volatility.
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |