COSCO SHIPPING Correlations

CTH Stock

EUR 0.59 0.01 1.67%

The correlation of COSCO SHIPPING 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.

COSCO SHIPPING Correlation With Market

Good diversification

The correlation between COSCO SHIPPING Ports and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding COSCO SHIPPING Ports and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with COSCO Stock

0.76	C6G	COSCO SHIPPING Holdings	Pair Corr
0.77	ORI1	Orient Overseas	Pair Corr
0.64	HIFH	COSCO SHIPPING Energy	Pair Corr
0.83	CPM	China Merchants Port	Pair Corr
0.73	0QP	Qingdao Port Interna	Pair Corr
0.75	D7P	Liaoning Port CoLtd	Pair Corr
0.7	XTP	Sino AG	Pair Corr
0.84	74F	LIFE BANC SPLIT	Pair Corr
0.89	9EE	ZINZINO AB B	Pair Corr
0.88	FA2	FORWARD AIR P	Pair Corr
0.71	JOT	ELEKTROBIT	Pair Corr
0.71	1W3	WSP Global	Pair Corr
0.78	HEI	Heidelberg Materials	Pair Corr
0.66	KGHA	KGHM Polska Miedz	Pair Corr
0.73	AG8	AGILENT TECH	Pair Corr
0.75	F1YN	Lundin Gold	Pair Corr
0.8	KOM1	Komatsu Earnings Call Next Week	Pair Corr
0.71	E908	Lyxor 1	Pair Corr
0.63	DBPE	Xtrackers LevDAX	Pair Corr

Moving against COSCO Stock

0.87	9Y2	LABOCANNA SA ZY	Pair Corr
0.8	CBHD	Coloplast A/S	Pair Corr
0.58	MILA	Mitsui OSK Lines	Pair Corr
0.45	SG9	Strix Group Plc	Pair Corr
0.64	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	C6G	NYKA	HLAG	ORI1	MILA	HIFH	KLI1	CPM	0QP	D7P
C6G		0.75	0.44	0.97	-0.24	0.62	0.53	0.91	0.85	0.48	C6G
NYKA	0.75		0.72	0.75	0.31	0.34	0.91	0.6	0.59	0.06	NYKA
HLAG	0.44	0.72		0.41	0.56	-0.01	0.85	0.23	0.3	-0.26	HLAG
ORI1	0.97	0.75	0.41		-0.2	0.58	0.53	0.93	0.87	0.46	ORI1
MILA	-0.24	0.31	0.56	-0.2		-0.4	0.52	-0.34	-0.22	-0.59	MILA
HIFH	0.62	0.34	-0.01	0.58	-0.4		0.11	0.69	0.47	0.42	HIFH
KLI1	0.53	0.91	0.85	0.53	0.52	0.11		0.37	0.35	-0.18	KLI1
CPM	0.91	0.6	0.23	0.93	-0.34	0.69	0.37		0.83	0.52	CPM
0QP	0.85	0.59	0.3	0.87	-0.22	0.47	0.35	0.83		0.43	0QP
D7P	0.48	0.06	-0.26	0.46	-0.59	0.42	-0.18	0.52	0.43		D7P
	C6G	NYKA	HLAG	ORI1	MILA	HIFH	KLI1	CPM	0QP	D7P

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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

ORI1	+ 0.97	C6G
CPM	+ 0.93	ORI1
CPM	+ 0.91	C6G
KLI1	+ 0.91	NYKA
0QP	+ 0.87	ORI1
0QP	+ 0.85	C6G

High negative correlations

D7P	- 0.59	MILA
HIFH	- 0.4	MILA
CPM	- 0.34	MILA
D7P	- 0.26	HLAG
MILA	- 0.24	C6G
0QP	- 0.22	MILA

Risk-Adjusted Indicators

There is a big difference between COSCO Stock performing well and COSCO SHIPPING 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 COSCO SHIPPING'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
C6G	1.80	0.36	0.10	(2.38)	1.59	(2.48)	5.51	(3.27)	10.14
NYKA	1.44	0.07	(0.02)	0.48	1.69	(1.55)	2.69	(2.83)	8.77
HLAG	1.74	0.05	(0.05)	(0.19)	2.06	(1.96)	2.89	(3.44)	20.32
ORI1	1.81	0.33	0.09	1.88	2.09	(1.90)	4.07	(3.53)	12.73
MILA	1.63	(0.17)	0.00	(0.58)	0.00	0.00	3.86	(3.63)	12.86
HIFH	2.52	0.44	0.05	(0.43)	3.07	(3.54)	6.45	(6.94)	23.03
KLI1	1.44	0.08	(0.01)	0.63	1.80	(1.51)	2.78	(3.04)	11.59
CPM	1.43	0.27	0.05	3.59	2.09	(1.65)	3.25	(3.03)	13.70
0QP	2.14	0.09	0.00	0.50	2.34	(3.08)	5.80	(4.11)	19.44
D7P	2.48	0.41	0.07	0.95	3.91	(3.41)	5.49	(2.91)	38.40

Be your own money manager

Our tools can tell you how much better you can do entering a position in COSCO SHIPPING 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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COSCO SHIPPING Corporate Management

Elected by the shareholders, the COSCO SHIPPING's board of directors comprises two types of representatives: COSCO SHIPPING inside directors who are chosen from within the company, and outside directors, selected externally and held independent of COSCO. The board's role is to monitor COSCO SHIPPING's management team and ensure that shareholders' interests are well served. COSCO SHIPPING's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, COSCO SHIPPING's outside directors are responsible for providing unbiased perspectives on the board's policies.

Zhijian Yang	Ex Chairman	Profile
Fengnian Zhao	Chief Accountant	Profile
Tao Zhu	MD Director	Profile
Captain Wang	Pres Kong	Profile
DBA FHKIoD	Deputy Director	Profile
Ricky Ng	GM Relations	Profile
William Chiu	Mang	Profile

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