China Resources Correlations

Stocks . Germany . 
Stock . China Resources Land
CHZ Stock  EUR 3.02  0.06  1.95%   
The current 90-days correlation between China Resources Land and China Eastern Airlines is 0.19 (i.e., Average diversification). The correlation of China Resources 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 Resources Correlation With Market

Modest diversification

The correlation between China Resources Land and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Resources Land and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to China Resources 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 Resources 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 Resources - 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 Resources Land to buy it.

Moving together with China Stock

  0.79VOWA VOLKSWAGEN ADR 110ONPairCorr
  0.71CMW CHINA M SRVCS Earnings Call This WeekPairCorr
  0.79AV6 AvistaPairCorr
  0.68APM AD PEPPER MEDIAPairCorr
  0.84CJH CanSino BiologicsPairCorr
  0.72WY8 Universal Health RealtyPairCorr
  0.62LL6 MTN GROUPPairCorr
  0.74AG1 AUTO1 Group SEPairCorr
  0.83VOW Volkswagen AGPairCorr
  0.82STD STANDARD CHARTEREDPairCorr
  0.8519YA Yiren DigitalPairCorr
  0.67VVDH Veolia EnvironnementPairCorr
  0.79E908 Lyxor 1PairCorr

Moving against China Stock

  0.75LIE Sun Life FinancialPairCorr
  0.672PR3 Pruksa Holding PublicPairCorr
  0.57KWE1 Ring EnergyPairCorr
  0.545TI TINC Comm VAPairCorr
  0.53ADC AdCapital AGPairCorr
  0.48A1A Atrium LjungbergPairCorr
  0.4674G DIVIDEND GROWTH SPLITPairCorr
  0.42RDH RADIANCE HLDGS GRPHD Earnings Call This WeekPairCorr
  0.86DBPD Xtrackers ShortDAXPairCorr
  0.62J9I0 5E ADVANCED MATERIALS SplitPairCorr
  0.44I7G Ipsen SAPairCorr

Related Correlations Analysis

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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   
A1G
+ 0.72
SWN
SWN
+ 0.67
BZ7A
A1G
+ 0.57
BZ7A
37H
+ 0.33
32A
SHL
+ 0.33
32A
BZ7A
+ 0.28
CIAH
  
High negative correlations   
A1G
- 0.71
32A
SWN
- 0.61
32A
BZ7A
- 0.52
32A
SHL
- 0.46
SWN
SHL
- 0.38
BZ7A
A1G
- 0.36
37H

Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China Resources 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 Resources' 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.

Be your own money manager

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

Elected by the shareholders, the China Resources' board of directors comprises two types of representatives: China Resources 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 Resources' management team and ensure that shareholders' interests are well served. China Resources' 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 Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Eva LauInvestor MangProfile
Dawei ZhangEx ChairmanProfile
Xiaokai KongVP RegionProfile
Linkang YuVPProfile
Xin LiEx ChairmanProfile
Shiqing GuoCFO DirectorProfile
Liqiang ZhangVP OfficerProfile
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