CITIC Correlations

CPF Stock  EUR 1.10  0.02  1.79%   
The correlation of CITIC 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.

CITIC Correlation With Market

Good diversification

The correlation between CITIC Limited and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CITIC Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to CITIC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CITIC 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 CITIC - 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 CITIC Limited to buy it.

Moving together with CITIC Stock

  0.61HIA1 HitachiPairCorr
  0.94CPF0 CITIC LTD ADR5PairCorr
  0.711YL PROSUS NV ADRPairCorr

Moving against CITIC Stock

  0.59HX1A HEXINDO ADIPERKASAPairCorr
  0.58ALD Honeywell InternationalPairCorr
  0.49HX1A HEXINDO ADIPERKASAPairCorr
  0.47IOC ITOCHUPairCorr
  0.443IB PT Indo TambangrayaPairCorr
  0.37T9Q TOTAL BANGUN PERSAD Earnings Call This WeekPairCorr

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   
NH52WY
NH5XSFA
XSFA2WY
XSFA28Y
28Y2WY
EM7A2WY
  
High negative correlations   
2WYMRL
EM7AMRL
28YMRL
NH5MRL
NH5EM7A
XSFAMRL

Risk-Adjusted Indicators

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

Be your own money manager

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

Elected by the shareholders, the CITIC's board of directors comprises two types of representatives: CITIC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CITIC. The board's role is to monitor CITIC's management team and ensure that shareholders' interests are well served. CITIC'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, CITIC's outside directors are responsible for providing unbiased perspectives on the board's policies.
Guohua XiVice PresProfile
Wing ChoyGroup SecProfile
Huayue ZhuGen MarketingProfile
Youjun ZhangAssistant PresProfile
Hexin ZhuEx ChairmanProfile
Jun CuiMember CommitteeProfile
Youmei NiChief AccountantProfile