China Vanke Correlations

CHVKY Stock

USD 0.36 0.02 5.88%

The current 90-days correlation between China Vanke and HUMANA INC is -0.08 (i.e., Good diversification). The correlation of China Vanke 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. If the correlation is 0, the equities are not correlated; they are entirely random.

China Vanke Correlation With Market

Significant diversification

The correlation between China Vanke Co and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Vanke Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to China Vanke 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 Vanke 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 Vanke - 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 Vanke Co to buy it.

Moving together with China Pink Sheet

0.73	SUHJY	Sun Hung Kai	Pair Corr
0.73	CRBJF	China Resources Land	Pair Corr
0.84	CHVKF	China Vanke	Pair Corr
0.87	CAOVY	China Overseas Land	Pair Corr
0.84	CIADY	China Mengniu Dairy	Pair Corr
0.64	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against China Pink Sheet

0.33	UDR	UDR Inc	Pair Corr
0.37	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.37	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.37	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Related Correlations Analysis

	444859BR2	SCRYY	AQUI	LBHIX	MSTSX	ID	VIASP	RRTLX	KNG	OSHDF
444859BR2		-0.53	0.0	-0.54	-0.45	-0.53	-0.46	-0.39	-0.43	-0.46	444859BR2
SCRYY	-0.53		0.0	0.48	0.34	0.73	0.68	0.39	0.43	0.8	SCRYY
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
LBHIX	-0.54	0.48	0.0		0.68	0.55	0.26	0.74	0.71	0.35	LBHIX
MSTSX	-0.45	0.34	0.0	0.68		0.42	-0.05	0.86	0.84	0.04	MSTSX
ID	-0.53	0.73	0.0	0.55	0.42		0.73	0.52	0.46	0.74	ID
VIASP	-0.46	0.68	0.0	0.26	-0.05	0.73		0.1	0.06	0.82	VIASP
RRTLX	-0.39	0.39	0.0	0.74	0.86	0.52	0.1		0.88	0.16	RRTLX
KNG	-0.43	0.43	0.0	0.71	0.84	0.46	0.06	0.88		0.18	KNG
OSHDF	-0.46	0.8	0.0	0.35	0.04	0.74	0.82	0.16	0.18		OSHDF
	444859BR2	SCRYY	AQUI	LBHIX	MSTSX	ID	VIASP	RRTLX	KNG	OSHDF

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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

KNG	+ 0.88	RRTLX
RRTLX	+ 0.86	MSTSX
KNG	+ 0.84	MSTSX
OSHDF	+ 0.82	VIASP
OSHDF	+ 0.8	SCRYY
RRTLX	+ 0.74	LBHIX

High negative correlations

LBHIX	- 0.54	444859BR2
ID	- 0.53	444859BR2
SCRYY	- 0.53	444859BR2
OSHDF	- 0.46	444859BR2
VIASP	- 0.46	444859BR2
MSTSX	- 0.45	444859BR2

Risk-Adjusted Indicators

There is a big difference between China Pink Sheet performing well and China Vanke 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 Vanke'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
444859BR2	1.36	(0.08)	0.00	(0.21)	0.00	0.00	5.93	(5.79)	16.62
SCRYY	2.07	0.29	0.08	1.93	2.02	(2.85)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBHIX	0.12	0.01	(0.39)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ID	3.91	0.70	0.13	1.00	4.02	(5.25)	7.89	(6.67)	20.54
VIASP	0.75	0.08	(0.03)	(1.87)	1.12	(0.82)	2.28	(1.20)	7.18
RRTLX	0.23	(0.03)	(0.31)	0.03	0.26	(0.26)	0.48	(0.56)	1.36
KNG	0.42	(0.02)	(0.15)	0.08	0.42	(0.45)	0.84	(0.77)	1.82
OSHDF	39.65	20.19	0.00	(32.36)	0.00	0.00	0.00	0.00	1,329

Be your own money manager

Our tools can tell you how much better you can do entering a position in China Vanke 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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China Vanke Corporate Management

Xiao Liu	COO VP	Profile
Huihua Han	Head VP	Profile
Jiwen Zhang	Group Unit	Profile
Changfeng Ding	Group Unit	Profile
Jiusheng MBA	CEO and President	Profile

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