COSCO SHIPPING Correlations

CICOF Stock

USD 1.44 0.09 5.88%

The current 90-days correlation between COSCO SHIPPING Holdings and Hapag Lloyd Aktiengesellschaft is 0.18 (i.e., Average diversification). The correlation of COSCO SHIPPING 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.

COSCO SHIPPING Correlation With Market

Significant diversification

The correlation between COSCO SHIPPING Holdings and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding COSCO SHIPPING Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to COSCO SHIPPING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COSCO SHIPPING 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 COSCO SHIPPING - 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 COSCO SHIPPING Holdings to buy it.

Moving together with COSCO Pink Sheet

0.85	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.73	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.64	OMIC	Singular Genomics Systems	Pair Corr
0.77	JXN-PA	Jackson Financial	Pair Corr
0.61	MET	MetLife Sell-off Trend	Pair Corr

Moving against COSCO Pink Sheet

0.72	EPGG	Empire Global Gaming	Pair Corr
0.67	TPDDF	Talon Energy	Pair Corr
0.53	IMHC	Imperalis Holding Corp	Pair Corr
0.4	GBHPF	Global Hemp Group	Pair Corr

Related Correlations Analysis

	HLAGF	AMKBY	AMKBF	CICOF	CICOY	NPNYY	OROVF
HLAGF		0.48	0.42	0.55	0.7	0.08	-0.23	HLAGF
AMKBY	0.48		0.87	0.37	0.43	-0.12	-0.21	AMKBY
AMKBF	0.42	0.87		0.31	0.29	-0.2	-0.22	AMKBF
CICOF	0.55	0.37	0.31		0.85	-0.19	0.05	CICOF
CICOY	0.7	0.43	0.29	0.85		0.02	-0.01	CICOY
NPNYY	0.08	-0.12	-0.2	-0.19	0.02		0.27	NPNYY
OROVF	-0.23	-0.21	-0.22	0.05	-0.01	0.27		OROVF
	HLAGF	AMKBY	AMKBF	CICOF	CICOY	NPNYY	OROVF

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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

AMKBF	+ 0.87	AMKBY
CICOY	+ 0.85	CICOF
CICOY	+ 0.7	HLAGF
CICOF	+ 0.55	HLAGF
AMKBY	+ 0.48	HLAGF
CICOY	+ 0.43	AMKBY

High negative correlations

OROVF	- 0.23	HLAGF
OROVF	- 0.22	AMKBF
OROVF	- 0.21	AMKBY
NPNYY	- 0.2	AMKBF
NPNYY	- 0.19	CICOF
NPNYY	- 0.12	AMKBY

Risk-Adjusted Indicators

There is a big difference between COSCO Pink Sheet performing well and COSCO SHIPPING 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 COSCO SHIPPING'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
HLAGF	1.79	0.19	(0.01)	(0.11)	2.43	(4.63)	5.24	(5.34)	24.56
AMKBY	2.22	0.31	0.03	(0.25)	2.58	(2.43)	4.70	(3.69)	13.67
AMKBF	1.63	0.14	0.00	(2.75)	1.80	(3.12)	5.76	(3.73)	11.96
CICOF	3.07	0.14	0.00	1.33	4.48	(5.80)	6.76	(6.67)	31.68
CICOY	2.31	0.17	0.00	(0.54)	2.97	(2.61)	4.55	(4.93)	13.70
NPNYY	1.71	(0.14)	0.00	0.69	0.00	0.00	2.85	(2.97)	14.63
OROVF	0.88	(0.29)	0.00	16.22	0.00	0.00	0.07	(1.79)	16.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in COSCO SHIPPING 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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COSCO SHIPPING Corporate Management

Junguang Xiao	Company Counsel	Profile
Zhijian Yang	GM Director	Profile
Madam Yu	Deputy Mang	Profile
Hongwei Xu	Head Department	Profile
Ming Qian	Deputy Mang	Profile
Min Wan	Deputy General Manager	Profile

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