China Conch Correlations
| CCVTF Stock | USD 1.17 0.00 0.00% |
The current 90-days correlation between China Conch Venture and First Tractor is 0.02 (i.e., Significant 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
Significant diversification
The correlation between China Conch Venture and DJI is 0.07 (i.e., Significant 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.
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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
| 0.81 | KTWIY | Kurita Water Industries | PairCorr |
| 0.64 | ATMU | Atmus Filtration Tec | PairCorr |
| 0.82 | LNDNF | Lundin Energy AB | PairCorr |
| 0.81 | MMLTF | MMG Limited | PairCorr |
| 0.85 | ARR | ARMOUR Residential REIT | PairCorr |
| 0.72 | BAC | Bank of America | PairCorr |
| 0.72 | XOM | Exxon Mobil Corp | PairCorr |
| 0.81 | DD | Dupont De Nemours | PairCorr |
| 0.83 | CAT | Caterpillar | PairCorr |
| 0.82 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.82 | IBM | International Business | PairCorr |
| 0.65 | MRK | Merck Company | PairCorr |
| 0.88 | KO | Coca Cola | PairCorr |
Moving against China Pink Sheet
| 0.74 | VLTO | Veralto | PairCorr |
| 0.6 | FSS | Federal Signal | PairCorr |
| 0.76 | HD | Home Depot | PairCorr |
| 0.75 | T | ATT Inc | PairCorr |
| 0.67 | BA | Boeing | PairCorr |
| 0.63 | VZ | Verizon Communications | PairCorr |
| 0.59 | PG | Procter Gamble | PairCorr |
| 0.58 | HPQ | HP Inc | PairCorr |
| 0.33 | CVX | Chevron Corp | PairCorr |
Related Correlations Analysis
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
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SGHIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GYUAF | 0.61 | 0.08 | 0.00 | 0.40 | 0.00 | 0.00 | 19.21 | |||
| GNGYF | 0.83 | (0.24) | 0.00 | 0.49 | 0.00 | 0.00 | 27.50 | |||
| SZIHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RELOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FIRRF | 0.26 | (0.18) | 0.00 | (0.26) | 0.00 | 0.00 | 8.64 | |||
| RMGNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SWRBY | 1.34 | (0.05) | 0.00 | (0.10) | 0.00 | 5.39 | 16.22 | |||
| KMGIF | 0.38 | 0.04 | 0.00 | (0.03) | 0.00 | 0.00 | 23.95 | |||
| MPGPY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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.Did you try this?
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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 |