CK Asset Correlations

CHKGF Stock

USD 4.39 0.00 0.00%

The current 90-days correlation between CK Asset Holdings and Hong Kong Land is -0.11 (i.e., Good diversification). The correlation of CK Asset 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 Asset Correlation With Market

Good diversification

The correlation between CK Asset Holdings and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CK Asset Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CK Asset 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 Asset 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 Asset - 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 Asset Holdings to buy it.

Moving together with CHKGF Pink Sheet

0.82	SUHJY	Sun Hung Kai	Pair Corr
0.72	SUHJF	Sun Hung Kai	Pair Corr
0.62	UAVS	Ageagle Aerial Systems Buyout Trend	Pair Corr
0.86	MCHB	Mechanics Bank	Pair Corr
0.61	BWSN	Babcock Wilcox Enter	Pair Corr
0.71	SUMCF	Sumco	Pair Corr
0.81	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.61	SAIH	SAIHEAT Limited Symbol Change	Pair Corr
0.62	PANW	Palo Alto Networks	Pair Corr
0.68	GPUS-PD	Hyperscale Data,	Pair Corr
0.67	NTDOF	Nintendo	Pair Corr
0.72	LAES	SEALSQ Corp	Pair Corr
0.75	MSFT	Microsoft	Pair Corr
0.61	30161NAS0	EXELON P 51	Pair Corr
0.78	BLK	BlackRock	Pair Corr
0.76	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.65	ALLT	Allot Communications	Pair Corr
0.85	IBM	International Business Earnings Call Tomorrow	Pair Corr
0.72	TORO	Toro	Pair Corr
0.69	OZK	Bank Ozk	Pair Corr
0.76	RBKB	Rhinebeck Bancorp Earnings Call Tomorrow	Pair Corr

Moving against CHKGF Pink Sheet

0.88	CAOVF	China Overseas Land	Pair Corr
0.86	BRK-A	Berkshire Hathaway	Pair Corr
0.84	CHVKF	China Vanke	Pair Corr
0.77	APDN	Applied DNA Sciences	Pair Corr
0.68	CHVKY	China Vanke	Pair Corr
0.59	92346MCY5	US92346MCY57	Pair Corr

Related Correlations Analysis

	HNGKY	SNLAY	CKHUY	CKHUF	CAOVY	SUHJY	HLDCY
HNGKY		0.64	0.9	0.8	-0.15	0.93	0.89	HNGKY
SNLAY	0.64		0.61	0.55	-0.12	0.65	0.56	SNLAY
CKHUY	0.9	0.61		0.83	-0.01	0.92	0.95	CKHUY
CKHUF	0.8	0.55	0.83		-0.18	0.82	0.87	CKHUF
CAOVY	-0.15	-0.12	-0.01	-0.18		-0.19	-0.11	CAOVY
SUHJY	0.93	0.65	0.92	0.82	-0.19		0.94	SUHJY
HLDCY	0.89	0.56	0.95	0.87	-0.11	0.94		HLDCY
	HNGKY	SNLAY	CKHUY	CKHUF	CAOVY	SUHJY	HLDCY

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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

HLDCY	+ 0.95	CKHUY
HLDCY	+ 0.94	SUHJY
SUHJY	+ 0.93	HNGKY
SUHJY	+ 0.92	CKHUY
CKHUY	+ 0.9	HNGKY
HLDCY	+ 0.89	HNGKY

High negative correlations

SUHJY	- 0.19	CAOVY
CAOVY	- 0.18	CKHUF
CAOVY	- 0.15	HNGKY
CAOVY	- 0.12	SNLAY
HLDCY	- 0.11	CAOVY
CAOVY	- 0.01	CKHUY

Risk-Adjusted Indicators

There is a big difference between CHKGF Pink Sheet performing well and CK Asset 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 Asset'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
HNGKY	2.40	0.67	0.19	1.90	2.47	(2.74)	6.13	(4.17)	19.83
SNLAY	3.29	0.29	0.02	(0.47)	3.88	(4.11)	7.65	(7.32)	21.94
CKHUY	0.94	0.25	0.08	1.89	1.08	(1.18)	2.67	(1.29)	7.84
CKHUF	3.02	0.37	0.05	1.09	4.03	(4.11)	8.08	(8.08)	21.64
CAOVY	1.40	0.02	(0.05)	0.44	1.82	(1.59)	3.04	(2.91)	9.82
SUHJY	1.09	0.39	0.26	3.20	0.60	(1.38)	3.12	(1.38)	8.13
HLDCY	1.47	0.41	0.16	1.06	1.69	(1.70)	3.69	(2.25)	11.46

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Our tools can tell you how much better you can do entering a position in CK Asset 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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CK Asset Corporate Management

Po Ng	Sr Department	Profile
Ka Man	Gen Department	Profile
Kai Lau	Deputy Sales	Profile
Hoi Chow	Group Counsel	Profile
BSc BSc	Chairman MD	Profile
BSc BScE	Deputy Director	Profile

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