China TowerLimited Correlations

CHWRF Stock

USD 1.57 0.01 0.63%

The current 90-days correlation between China TowerLimited and Singapore Telecommunications Limited is -0.02 (i.e., Good diversification). The correlation of China TowerLimited 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.

The ability to find closely correlated positions to China TowerLimited 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 TowerLimited 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 TowerLimited - 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 Tower to buy it.

Moving together with China Pink Sheet

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0.85	VZ	Verizon Communications Sell-off Trend	Pair Corr
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0.77	PROSY	Prosus NV ADR	Pair Corr
0.82	PM	Philip Morris Intern	Pair Corr
0.9	TCTZF	Tencent Holdings Earnings Call This Week	Pair Corr
0.74	BFAM	Bright Horizons Family	Pair Corr
0.77	NI	NiSource	Pair Corr
0.78	WELL	Welltower	Pair Corr
0.76	BMRN	Biomarin Pharmaceutical	Pair Corr
0.75	RSLBF	RaySearch Laboratories	Pair Corr
0.79	GOLD	Barrick Gold Corp	Pair Corr
0.88	ABBV	AbbVie Inc	Pair Corr
0.71	MELI	MercadoLibre	Pair Corr
0.63	ORLY	OReilly Automotive	Pair Corr
0.89	CCU	Compania Cervecerias	Pair Corr
0.75	PBI	Pitney Bowes	Pair Corr
0.71	CYBQF	CYBERDYNE	Pair Corr
0.69	PGEN	Precigen Earnings Call This Week	Pair Corr
0.62	UBER	Uber Technologies	Pair Corr

Moving against China Pink Sheet

0.64

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PROSPECT CAP P

Pair Corr

Related Correlations Analysis

	SNGNF	VODPF	PTITF	COMS	TLSNF	KDDIF	AMXOF	ASEJF	AAFRF
SNGNF		0.37	-0.32	0.0	0.0	0.26	0.04	0.0	0.25	SNGNF
VODPF	0.37		-0.15	0.0	0.0	0.2	-0.09	0.0	0.18	VODPF
PTITF	-0.32	-0.15		0.0	0.0	-0.13	0.46	0.0	-0.77	PTITF
COMS	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	COMS
TLSNF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TLSNF
KDDIF	0.26	0.2	-0.13	0.0	0.0		-0.05	0.0	0.31	KDDIF
AMXOF	0.04	-0.09	0.46	0.0	0.0	-0.05		0.0	-0.48	AMXOF
ASEJF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ASEJF
AAFRF	0.25	0.18	-0.77	0.0	0.0	0.31	-0.48	0.0		AAFRF
	SNGNF	VODPF	PTITF	COMS	TLSNF	KDDIF	AMXOF	ASEJF	AAFRF

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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

AMXOF	+ 0.46	PTITF
VODPF	+ 0.37	SNGNF
AAFRF	+ 0.31	KDDIF
KDDIF	+ 0.26	SNGNF
AAFRF	+ 0.25	SNGNF
KDDIF	+ 0.2	VODPF

High negative correlations

AAFRF	- 0.77	PTITF
AAFRF	- 0.48	AMXOF
PTITF	- 0.32	SNGNF
PTITF	- 0.15	VODPF
KDDIF	- 0.13	PTITF
AMXOF	- 0.09	VODPF

Risk-Adjusted Indicators

There is a big difference between China Pink Sheet performing well and China TowerLimited 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 TowerLimited'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
SNGNF	1.78	0.21	0.06	(0.64)	2.44	(3.93)	7.27	(5.22)	21.20
VODPF	2.63	0.21	0.05	0.31	3.11	(4.50)	7.59	(7.06)	17.78
PTITF	2.51	(0.83)	0.00	0.30	0.00	0.00	0.00	(11.11)	38.75
COMS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TLSNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KDDIF	2.37	0.13	0.02	0.57	3.94	(6.13)	7.96	(10.17)	31.47
AMXOF	2.16	0.06	0.02	(0.22)	3.36	(7.25)	7.69	(7.14)	29.95
ASEJF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AAFRF	3.52	0.63	0.10	(0.96)	3.63	(9.02)	15.38	(6.80)	40.66

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

Jingbao Zhao	Deputy Mang	Profile
Edgar Fu	Investor Director	Profile
ACS ACIS	Company Sec	Profile
Xiaomin Gu	Deputy General Manager	Profile
Shaofeng Hu	Chief Accountant	Profile
Chunlei Gao	Chief Accountant	Profile

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