China Coal Correlations

Summary

CCOZFDelisted Stock

USD 1.12 0.00 0.00%

The current 90-days correlation between China Coal Energy and China Coal Energy is -0.04 (i.e., Good diversification). The correlation of China Coal 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 Coal Correlation With Market

Good diversification

The correlation between China Coal Energy and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Coal Energy and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to China Coal 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 Coal 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 Coal - 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 Coal Energy to buy it.

Moving together with China Pink Sheet

0.66	YACAF	Yancoal Australia	Pair Corr
0.65	SRAD	Sportradar Group Potential Growth	Pair Corr
0.74	NVDA	NVIDIA	Pair Corr
0.82	ACST	Acasti Pharma Symbol Change	Pair Corr
0.71	SRRK	Scholar Rock Holding Trending	Pair Corr
0.63	CRS	Carpenter Technology	Pair Corr
0.86	MRVL	Marvell Technology Earnings Call Today	Pair Corr
0.75	AEVA	Aeva Technologies Trending	Pair Corr
0.7	GOOGL	Alphabet Class A	Pair Corr
0.81	HIVE	HIVE Blockchain Tech Buyout Trend	Pair Corr
0.78	EPAC	Enerpac Tool Group	Pair Corr
0.66	GZITF	Yuexiu Transport Inf	Pair Corr
0.73	UEC	Uranium Energy Corp Sell-off Trend	Pair Corr
0.78	FHN	First Horizon National Normal Trading	Pair Corr

Moving against China Pink Sheet

0.64	IMHC	Imperalis Holding Corp	Pair Corr
0.53	EPGG	Empire Global Gaming	Pair Corr
0.41	TPDDF	Talon Energy	Pair Corr
0.53	NUZE	Nuzee Inc Symbol Change	Pair Corr

Related Correlations Analysis

	YACAF	CCOZY	TBNGY	PADEF	CUAEF	TERCF	ITAYY	TNGRF	YZCAY	ADOOY
YACAF		0.79	0.68	-0.51	0.45	-0.7	-0.62	0.69	0.59	0.06	YACAF
CCOZY	0.79		0.78	-0.71	0.44	-0.66	-0.42	0.43	0.7	0.14	CCOZY
TBNGY	0.68	0.78		-0.47	0.33	-0.51	-0.19	0.27	0.72	0.2	TBNGY
PADEF	-0.51	-0.71	-0.47		-0.2	0.34	0.34	-0.31	-0.71	-0.03	PADEF
CUAEF	0.45	0.44	0.33	-0.2		-0.27	-0.14	0.39	0.22	-0.19	CUAEF
TERCF	-0.7	-0.66	-0.51	0.34	-0.27		0.49	-0.32	-0.2	-0.35	TERCF
ITAYY	-0.62	-0.42	-0.19	0.34	-0.14	0.49		-0.53	-0.23	0.0	ITAYY
TNGRF	0.69	0.43	0.27	-0.31	0.39	-0.32	-0.53		0.33	-0.41	TNGRF
YZCAY	0.59	0.7	0.72	-0.71	0.22	-0.2	-0.23	0.33		-0.06	YZCAY
ADOOY	0.06	0.14	0.2	-0.03	-0.19	-0.35	0.0	-0.41	-0.06		ADOOY
	YACAF	CCOZY	TBNGY	PADEF	CUAEF	TERCF	ITAYY	TNGRF	YZCAY	ADOOY

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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

CCOZY	+ 0.79	YACAF
TBNGY	+ 0.78	CCOZY
YZCAY	+ 0.72	TBNGY
YZCAY	+ 0.7	CCOZY
TNGRF	+ 0.69	YACAF
TBNGY	+ 0.68	YACAF

High negative correlations

YZCAY	- 0.71	PADEF
PADEF	- 0.71	CCOZY
TERCF	- 0.7	YACAF
TERCF	- 0.66	CCOZY
ITAYY	- 0.62	YACAF
TNGRF	- 0.53	ITAYY

Risk-Adjusted Indicators

There is a big difference between China Pink Sheet performing well and China Coal 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 Coal'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
YACAF	1.80	0.10	0.03	0.28	1.88	(2.48)	4.44	(3.94)	12.11
CCOZY	2.78	0.45	0.04	(0.46)	3.42	(4.95)	9.20	(5.22)	28.83
TBNGY	0.53	0.11	0.00	1.49	0.00	0.00	0.00	(0.23)	19.98
PADEF	8.27	0.95	0.07	0.80	10.44	(10.54)	16.67	(14.29)	42.40
CUAEF	0.70	0.17	0.00	2.09	0.00	0.00	0.45	0.00	19.16
TERCF	7.38	0.07	0.00	0.07	0.00	0.00	15.38	(18.75)	56.86
ITAYY	1.14	(0.18)	0.00	(1.79)	0.00	0.00	1.51	(5.49)	17.93
TNGRF	2.24	0.07	0.00	0.28	3.18	(2.61)	5.02	(5.89)	15.95
YZCAY	2.29	(0.05)	0.00	(0.36)	0.00	0.00	5.08	(4.06)	17.56
ADOOY	2.15	0.11	(0.01)	(0.68)	2.33	(4.83)	5.94	(5.17)	24.68

View China Coal Related Equities

Yancoal Australia China Coal Energy Bukit Asam Tbk PT Adaro Energy China Shenhua Energy TerraCom Limited Indo Tambangraya Megah Thungela Resources Limited Yanzhou Coal Mining Adaro Energy Tbk Alliance Resource Partners Peabody Energy Corp New Hope Exxaro Resources Limited China Shenhua Energy

Risk & Return

Correlation

China Coal Corporate Executives

Elected by the shareholders, the China Coal's board of directors comprises two types of representatives: China Coal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of China. The board's role is to monitor China Coal's management team and ensure that shareholders' interests are well served. China Coal'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, China Coal's outside directors are responsible for providing unbiased perspectives on the board's policies.

Qiaolin Chai

CFO Department

Profile

Still Interested in China Coal Energy?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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