Sands China Correlations
| SCHYF Stock | USD 2.43 0.34 16.27% |
The current 90-days correlation between Sands China and Las Vegas Sands is 0.13 (i.e., Average diversification). The correlation of Sands China 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.
Sands China Correlation With Market
Average diversification
The correlation between Sands China and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sands China and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Sands China could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sands China 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 Sands China - 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 Sands China to buy it.
Moving together with Sands Pink Sheet
| 0.88 | LVS | Las Vegas Sands Earnings Call Tomorrow | PairCorr |
| 0.87 | GXYYY | Galaxy Entertainment | PairCorr |
| 0.72 | SCHYY | Sands China | PairCorr |
| 0.86 | WYNN | Wynn Resorts Limited | PairCorr |
| 0.85 | MGM | MGM Resorts International | PairCorr |
| 0.82 | PTAIF | PT Astra International | PairCorr |
| 0.85 | PKX | POSCO Holdings Earnings Call This Week | PairCorr |
| 0.62 | PUTKY | United Tractors Tbk | PairCorr |
| 0.78 | PTHL | Pheton Holdings | PairCorr |
| 0.64 | FPAFF | First Pacific | PairCorr |
| 0.71 | LII | Lennox International Earnings Call Tomorrow | PairCorr |
| 0.78 | GOOGL | Alphabet Class A Earnings Call This Week | PairCorr |
| 0.8 | JPM | JPMorgan Chase | PairCorr |
| 0.87 | DHIL | Diamond Hill Investment | PairCorr |
| 0.7 | SNAL | Snail, Class A | PairCorr |
| 0.88 | AX | Axos Financial Earnings Call This Week | PairCorr |
| 0.86 | FBNC | First Bancorp Earnings Call This Week | PairCorr |
| 0.66 | CGXYY | China Galaxy Securities | PairCorr |
| 0.7 | UTMD | Utah Medical Products Earnings Call This Week | PairCorr |
Moving against Sands Pink Sheet
| 0.31 | PHJMF | PT Hanjaya Mandala Earnings Call Tomorrow | PairCorr |
| 0.49 | 1730T0E96 | US1730T0E963 | PairCorr |
| 0.4 | 209111ED1 | CONSOLIDATED EDISON | PairCorr |
Related Correlations Analysis
| 0.94 | 0.75 | 0.95 | 0.95 | 0.97 | 0.84 | LVS | ||
| 0.94 | 0.84 | 0.94 | 0.87 | 0.94 | 0.89 | MGM | ||
| 0.75 | 0.84 | 0.84 | 0.6 | 0.72 | 0.69 | CZR | ||
| 0.95 | 0.94 | 0.84 | 0.87 | 0.96 | 0.77 | WYNN | ||
| 0.95 | 0.87 | 0.6 | 0.87 | 0.94 | 0.84 | RRR | ||
| 0.97 | 0.94 | 0.72 | 0.96 | 0.94 | 0.85 | MLCO | ||
| 0.84 | 0.89 | 0.69 | 0.77 | 0.84 | 0.85 | PENN | ||
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Risk-Adjusted Indicators
There is a big difference between Sands Pink Sheet performing well and Sands China 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 Sands China'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LVS | 1.68 | 0.46 | 0.31 | 0.44 | 1.11 | 6.15 | 10.38 | |||
| MGM | 1.72 | 0.16 | 0.12 | 0.23 | 1.57 | 4.70 | 11.03 | |||
| CZR | 2.17 | 0.06 | 0.06 | 0.17 | 2.30 | 5.72 | 13.72 | |||
| WYNN | 1.62 | 0.43 | 0.29 | 0.49 | 1.24 | 3.12 | 11.59 | |||
| RRR | 1.46 | 0.32 | 0.28 | 0.39 | 0.83 | 5.16 | 8.51 | |||
| MLCO | 1.96 | 0.77 | 0.41 | 0.72 | 1.24 | 5.07 | 12.73 | |||
| PENN | 2.20 | 0.19 | 0.10 | 0.26 | 2.32 | 5.64 | 16.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sands China 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?
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Sands China Corporate Management
| David Sylvester | Ex Retail | Profile | |
| BSocSc GBS | Pres Director | Profile | |
| Minqi CPA | CFO VP | Profile | |
| Kwan Chum | Chief of Staff | Profile | |
| Dylan Williams | Company Secretary | Profile |