CapitaLand Investment Correlations
| CLILF Stock | USD 2.09 0.01 0.48% |
The current 90-days correlation between CapitaLand Investment and Newmark Group is 0.15 (i.e., Average diversification). The correlation of CapitaLand Investment 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.
CapitaLand Investment Correlation With Market
Modest diversification
The correlation between CapitaLand Investment Limited and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CapitaLand Investment Limited and DJI in the same portfolio, assuming nothing else is changed.
CapitaLand |
The ability to find closely correlated positions to CapitaLand Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CapitaLand Investment 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 CapitaLand Investment - 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 CapitaLand Investment Limited to buy it.
Moving together with CapitaLand Pink Sheet
| 0.84 | CBRE | CBRE Group Class | PairCorr |
| 0.65 | CSGP | CoStar Group | PairCorr |
| 0.61 | VNNVF | Vonovia SE | PairCorr |
| 0.83 | WRFRF | Wharf Real Estate | PairCorr |
| 0.74 | KB | KB Financial Group | PairCorr |
| 0.81 | SHG | Shinhan Financial Earnings Call Tomorrow | PairCorr |
| 0.88 | WF | Woori Financial Group | PairCorr |
| 0.66 | GE | GE Aerospace | PairCorr |
| 0.73 | IBM | International Business | PairCorr |
| 0.78 | CSCO | Cisco Systems | PairCorr |
| 0.71 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.7 | AA | Alcoa Corp | PairCorr |
| 0.73 | MMM | 3M Company Sell-off Trend | PairCorr |
| 0.77 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.85 | JPM | JPMorgan Chase | PairCorr |
| 0.73 | MSFT | Microsoft Earnings Call This Week | PairCorr |
| 0.86 | CAT | Caterpillar | PairCorr |
| 0.75 | PFE | Pfizer Inc | PairCorr |
Moving against CapitaLand Pink Sheet
| 0.48 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.44 | BEKE | Ke Holdings | PairCorr |
| 0.39 | PBCRY | Bank Central Asia | PairCorr |
| 0.38 | PPERY | Bank Mandiri Persero Earnings Call This Week | PairCorr |
| 0.6 | PG | Procter Gamble Earnings Call This Week | PairCorr |
| 0.39 | TRV | The Travelers Companies | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between CapitaLand Pink Sheet performing well and CapitaLand Investment 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 CapitaLand Investment'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IRS | 1.67 | (0.15) | (0.07) | 0.06 | 2.20 | 3.19 | 9.83 | |||
| HOUS | 2.88 | 0.68 | 0.13 | 23.53 | 3.11 | 7.79 | 19.58 | |||
| NMRK | 1.78 | (0.03) | 0.08 | 0.19 | 2.16 | 4.35 | 16.00 | |||
| WRFRF | 2.96 | 0.27 | 0.03 | 0.43 | 3.53 | 10.33 | 37.07 | |||
| VONOY | 1.23 | 0.09 | (0.06) | 2.20 | 1.62 | 2.70 | 7.46 | |||
| NYC | 3.57 | 0.34 | 0.06 | 0.87 | 3.75 | 8.81 | 21.96 | |||
| CBRE | 1.11 | 0.04 | 0.06 | 0.23 | 1.58 | 3.11 | 10.62 | |||
| FRPH | 1.11 | 0.09 | (0.12) | (0.07) | 1.45 | 2.45 | 10.22 | |||
| MMI | 1.39 | 0.09 | (0.10) | (0.10) | 1.77 | 2.72 | 7.96 | |||
| JLL | 1.33 | 0.01 | 0.06 | 0.21 | 1.50 | 3.71 | 10.57 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CapitaLand Investment 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 Portfolio Backtesting Now
Portfolio BacktestingAvoid under-diversification and over-optimization by backtesting your portfolios |
| All Next | Launch Module |
CapitaLand Investment Corporate Management
| Patrick CPA | Chief Assets | Profile | |
| Chai Koh | G Sec | Profile | |
| Simon Treacy | Chief Estate | Profile | |
| Manohar Khiatani | Sr Director | Profile | |
| Soon Goh | Chief Lodging | Profile | |
| Grace Chen | Head Relations | Profile | |
| Neng Yap | Chief Management | Profile |