China Conch Correlations

CCVTF Stock

USD 1.17 0.00 0.00%

The current 90-days correlation between China Conch Venture and Zurn Elkay Water is -0.09 (i.e., Good diversification). The correlation of China Conch 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.

China Conch Correlation With Market

Good diversification

The correlation between China Conch Venture and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Conch Venture and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with China Pink Sheet

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0.81	UMICF	Umicore SA	Pair Corr
0.82	FSS	Federal Signal Earnings Call This Week	Pair Corr
0.77	KTWIY	Kurita Water Industries	Pair Corr
0.91	KTWIF	Kurita Water Industries	Pair Corr
0.76	FNMFO	Federal National Mortgage Earnings Call This Week	Pair Corr
0.69	AVAL	Grupo Aval	Pair Corr
0.9	KB	KB Financial Group Earnings Call Today	Pair Corr
0.9	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.85	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.61	USB-PP	US Bancorp	Pair Corr
0.73	CFG	Citizens Financial Group,	Pair Corr
0.88	AMSC	American Superconductor	Pair Corr
0.87	BVN	Compania de Minas Earnings Call This Week	Pair Corr
0.67	IRM	Iron Mountain	Pair Corr
0.84	YLLXF	Yellow Cake plc	Pair Corr
0.8	BKNG	Booking Holdings	Pair Corr
0.71	CHEOY	CochLear ADR	Pair Corr
0.75	VMI	Valmont Industries Earnings Call Tomorrow	Pair Corr
0.87	LAES	SEALSQ Corp Aggressive Push	Pair Corr

Moving against China Pink Sheet

0.7

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US92346MCY57

Pair Corr

Related Correlations Analysis

	COSLF	AKCCF	LQWC	TOMZ	ZWS	OFSTF	ACC	RIINF
COSLF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	COSLF
AKCCF	0.0		-0.07	-0.59	-0.29	-0.8	0.91	-0.37	AKCCF
LQWC	0.0	-0.07		0.0	-0.02	0.1	-0.11	0.16	LQWC
TOMZ	0.0	-0.59	0.0		0.55	0.8	-0.71	0.55	TOMZ
ZWS	0.0	-0.29	-0.02	0.55		0.61	-0.4	0.3	ZWS
OFSTF	0.0	-0.8	0.1	0.8	0.61		-0.87	0.59	OFSTF
ACC	0.0	0.91	-0.11	-0.71	-0.4	-0.87		-0.45	ACC
RIINF	0.0	-0.37	0.16	0.55	0.3	0.59	-0.45		RIINF
	COSLF	AKCCF	LQWC	TOMZ	ZWS	OFSTF	ACC	RIINF

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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

ACC	+ 0.91	AKCCF
OFSTF	+ 0.8	TOMZ
OFSTF	+ 0.61	ZWS
RIINF	+ 0.59	OFSTF
ZWS	+ 0.55	TOMZ
RIINF	+ 0.55	TOMZ

High negative correlations

ACC	- 0.87	OFSTF
OFSTF	- 0.8	AKCCF
ACC	- 0.71	TOMZ
TOMZ	- 0.59	AKCCF
RIINF	- 0.45	ACC
ACC	- 0.4	ZWS

Risk-Adjusted Indicators

There is a big difference between China Pink Sheet performing well and China Conch 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 China Conch'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
COSLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AKCCF	10.45	(0.41)	0.00	0.01	18.10	(13.31)	29.21	(23.20)	146.80
LQWC	7.67	0.70	0.06	2.93	7.78	(14.07)	22.50	(15.31)	65.58
TOMZ	2.81	0.28	0.05	1.12	3.09	(3.42)	4.88	(5.88)	37.25
ZWS	1.23	0.20	0.20	0.28	0.87	(1.44)	3.91	(1.81)	8.67
OFSTF	3.45	0.72	0.09	(0.86)	3.82	(4.70)	6.25	(6.67)	24.33
ACC	6.59	0.06	0.00	0.04	0.00	0.00	8.33	(11.43)	103.56
RIINF	6.95	0.15	0.01	0.60	8.02	(8.69)	17.84	(13.23)	45.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in China Conch 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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China Conch Corporate Management

Xingqiang Chen	CFO Department	Profile
Leong Lee	Joint Sec	Profile
Jian Li	Deputy Director	Profile
Xuesen Wang	Deputy Mang	Profile
Jiwu Han	Assistant Department	Profile
Keke Zhang	Assistant Mang	Profile
Mao Shu	Ex Director	Profile

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