HUTCHMED Correlations

HMDCF Stock

USD 3.02 0.17 5.33%

The current 90-days correlation between HUTCHMED Limited and China Medical System is 0.01 (i.e., Significant diversification). The correlation of HUTCHMED 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.

HUTCHMED Correlation With Market

Average diversification

The correlation between HUTCHMED Limited and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HUTCHMED Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with HUTCHMED Pink Sheet

0.63

FNMFO

Federal National Mortgage

Pair Corr

Moving against HUTCHMED Pink Sheet

0.71	TAK	Takeda Pharmaceutical Sell-off Trend	Pair Corr
0.68	TKPHF	Takeda Pharmaceutical	Pair Corr
0.67	MKKGY	Merck KGaA ADR	Pair Corr
0.65	MKGAF	MERCK Kommanditgesells	Pair Corr
0.59	BCH	Banco De Chile	Pair Corr
0.49	WFC-PL	Wells Fargo	Pair Corr
0.47	TEVA	Teva Pharmaceutical Earnings Call This Week	Pair Corr
0.47	TEVA	Teva Pharma Industries	Pair Corr
0.36	AVAL	Grupo Aval	Pair Corr
0.33	KB	KB Financial Group	Pair Corr
0.32	HLN	Haleon plc Aggressive Push	Pair Corr
0.32	WF	Woori Financial Group	Pair Corr
0.76	MDWK	MDwerks	Pair Corr
0.62	RIOFF	Rio2 Limited	Pair Corr
0.59	SMEGF	Siemens Energy AG	Pair Corr
0.55	EBRZF	Enbridge	Pair Corr
0.52	NTR	Nutrien	Pair Corr
0.48	DIALF	Dialight plc	Pair Corr
0.42	VLY	Valley National Bancorp Earnings Call Today	Pair Corr
0.39	GM	General Motors Earnings Call This Week	Pair Corr
0.37	HCMC	Healthier Choices	Pair Corr
0.78	NKRKY	Nokian Tyres Plc	Pair Corr
0.75	ZETA	Zeta Global Holdings	Pair Corr
0.74	HL	Hecla Mining Aggressive Push	Pair Corr
0.72	NONOF	Novo Nordisk AS	Pair Corr
0.72	ROLR	High Roller Technologies Trending	Pair Corr
0.61	RMGGF	Resolute Mining	Pair Corr

Related Correlations Analysis

	CHSYF	APNHY	TSMRF	SHPHF	CURLF	APNHF	HTSUF	HYPMY	DMPHF	HAWPY
CHSYF		0.19	0.0	0.65	0.35	0.04	-0.1	-0.3	0.0	-0.17	CHSYF
APNHY	0.19		0.0	0.09	-0.07	-0.11	-0.37	-0.18	0.0	-0.77	APNHY
TSMRF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	TSMRF
SHPHF	0.65	0.09	0.0		0.15	0.05	-0.08	0.02	0.0	-0.19	SHPHF
CURLF	0.35	-0.07	0.0	0.15		-0.15	0.02	-0.57	0.0	0.06	CURLF
APNHF	0.04	-0.11	0.0	0.05	-0.15		-0.01	0.49	0.0	-0.02	APNHF
HTSUF	-0.1	-0.37	0.0	-0.08	0.02	-0.01		0.02	0.0	0.56	HTSUF
HYPMY	-0.3	-0.18	0.0	0.02	-0.57	0.49	0.02		0.0	-0.05	HYPMY
DMPHF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	DMPHF
HAWPY	-0.17	-0.77	0.0	-0.19	0.06	-0.02	0.56	-0.05	0.0		HAWPY
	CHSYF	APNHY	TSMRF	SHPHF	CURLF	APNHF	HTSUF	HYPMY	DMPHF	HAWPY

Please upgrade your account to get full access to Macroaxis premium features

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

SHPHF	+ 0.65	CHSYF
HAWPY	+ 0.56	HTSUF
HYPMY	+ 0.49	APNHF
CURLF	+ 0.35	CHSYF
APNHY	+ 0.19	CHSYF
CURLF	+ 0.15	SHPHF

High negative correlations

HAWPY	- 0.77	APNHY
HYPMY	- 0.57	CURLF
HTSUF	- 0.37	APNHY
HYPMY	- 0.3	CHSYF
HAWPY	- 0.19	SHPHF
HYPMY	- 0.18	APNHY

Risk-Adjusted Indicators

There is a big difference between HUTCHMED Pink Sheet performing well and HUTCHMED 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 HUTCHMED'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
CHSYF	2.34	0.66	0.00	1.88	0.00	0.00	0.00	0.00	89.50
APNHY	1.71	0.36	0.14	1.48	1.22	(4.14)	3.95	(3.25)	28.51
TSMRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHPHF	4.19	1.49	0.00	(7.57)	0.00	0.00	0.00	0.00	133.81
CURLF	5.62	(0.15)	0.00	(0.06)	0.00	0.00	9.88	(10.45)	69.91
APNHF	1.23	0.37	0.00	0.76	0.00	0.00	0.00	0.00	55.12
HTSUF	7.75	2.37	0.00	28.68	0.00	0.00	17.37	(10.40)	2.63
HYPMY	3.48	0.18	0.06	0.17	3.62	(4.26)	8.86	(6.10)	17.80
DMPHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HAWPY	0.10	(0.06)	0.00	1.31	0.00	0.00	0.00	0.00	3.48

Be your own money manager

Our tools can tell you how much better you can do entering a position in HUTCHMED 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 Cryptocurrency Center Now

Cryptocurrency Center

Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency

All Next

Launch Module

HUTCHMED Corporate Management

Selina Zhang	VP HR	Profile
Kin MBA	Sr Devel	Profile
Karen Atkin	Ex COO	Profile
CA BEc	CFO Director	Profile
CS CGP	Company Director	Profile
Charles Nixon	Group Counsel	Profile
Qingmei Wang	Sr Alliances	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC