CK HUTCHISON Correlations

2CKA Stock

EUR 5.05 0.09 1.81%

The current 90-days correlation between CK HUTCHISON HLDGS and Mitsubishi is 0.15 (i.e., Average diversification). The correlation of CK HUTCHISON 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.

CK HUTCHISON Correlation With Market

Good diversification

The correlation between CK HUTCHISON HLDGS and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CK HUTCHISON HLDGS and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 2CKA Stock

0.62	ALD	Honeywell International Earnings Call This Week	Pair Corr
0.63	HIA1	Hitachi	Pair Corr
0.89	CPF	CITIC Limited	Pair Corr
0.89	CPF0	CITIC LTD ADR5	Pair Corr
0.9	2CK	CK Hutchison Holdings	Pair Corr
0.66	HEI	Heidelberg Materials	Pair Corr
0.66	E908	Lyxor 1	Pair Corr

Moving against 2CKA Stock

0.6

DBPD

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Pair Corr

Related Correlations Analysis

	ALD	MBI	HIA1	IOC	CPF	CPF0	2CK	2CKA	MARA	SUMA
ALD		0.63	0.7	0.45	0.71	0.71	0.71	0.62	0.85	0.4	ALD
MBI	0.63		0.63	0.89	0.24	0.25	0.24	0.23	0.82	0.8	MBI
HIA1	0.7	0.63		0.53	0.62	0.61	0.62	0.63	0.79	0.46	HIA1
IOC	0.45	0.89	0.53		0.07	0.07	0.07	0.08	0.7	0.82	IOC
CPF	0.71	0.24	0.62	0.07		0.99	0.96	0.89	0.65	-0.01	CPF
CPF0	0.71	0.25	0.61	0.07	0.99		0.97	0.89	0.65	-0.01	CPF0
2CK	0.71	0.24	0.62	0.07	0.96	0.97		0.9	0.65	0.0	2CK
2CKA	0.62	0.23	0.63	0.08	0.89	0.89	0.9		0.6	0.02	2CKA
MARA	0.85	0.82	0.79	0.7	0.65	0.65	0.65	0.6		0.56	MARA
SUMA	0.4	0.8	0.46	0.82	-0.01	-0.01	0.0	0.02	0.56		SUMA
	ALD	MBI	HIA1	IOC	CPF	CPF0	2CK	2CKA	MARA	SUMA

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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

CPF0	+ 0.99	CPF
2CK	+ 0.97	CPF0
2CK	+ 0.96	CPF
2CKA	+ 0.9	2CK
IOC	+ 0.89	MBI
2CKA	+ 0.89	CPF

High negative correlations

SUMA	- 0.01	CPF0
SUMA	- 0.01	CPF
SUMA	- 0.0	2CK

Risk-Adjusted Indicators

There is a big difference between 2CKA Stock performing well and CK HUTCHISON 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 CK HUTCHISON'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
ALD	0.94	0.18	0.09	1.03	0.72	(1.11)	2.81	(1.37)	7.69
MBI	1.42	0.16	0.01	(0.83)	1.36	(1.76)	3.25	(2.34)	8.34
HIA1	1.77	0.28	0.06	2.14	2.44	(1.87)	4.30	(2.63)	16.87
IOC	1.16	0.08	(0.02)	1.30	1.52	(1.10)	2.80	(2.89)	7.11
CPF	1.22	0.34	0.12	(3.42)	1.02	(1.68)	2.70	(1.85)	6.91
CPF0	0.99	0.35	0.11	(2.39)	1.05	(1.37)	2.06	(1.77)	7.69
2CK	0.96	0.17	0.06	0.83	0.85	(1.23)	2.26	(1.69)	5.53
2CKA	1.69	0.30	0.04	(0.75)	2.78	(1.90)	3.93	(2.55)	22.20
MARA	1.40	0.30	0.10	(2.94)	1.36	(1.61)	3.50	(2.27)	9.56
SUMA	1.51	0.20	0.02	(0.87)	1.57	(1.73)	3.69	(3.02)	9.90

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Our tools can tell you how much better you can do entering a position in CK HUTCHISON 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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