Hang Lung Correlations

HLPPY Stock

USD 4.20 0.13 3.00%

The current 90-days correlation between Hang Lung Properties and Aroundtown SA is -0.04 (i.e., Good diversification). The correlation of Hang Lung 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.

Hang Lung Correlation With Market

Good diversification

The correlation between Hang Lung Properties and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hang Lung Properties and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Hang Pink Sheet

0.64	CSGP	CoStar Group	Pair Corr
0.75	CLLNY	Cellnex Telecom SA	Pair Corr
0.91	BEKE	Ke Holdings	Pair Corr
0.67	WRFRF	Wharf Real Estate	Pair Corr
0.73	CWCO	Consolidated Water Earnings Call Tomorrow	Pair Corr
0.63	WM	Waste Management	Pair Corr
0.71	GLU	Gabelli Global Utility	Pair Corr
0.65	AEM	Agnico Eagle Mines	Pair Corr
0.87	ISMAY	Indra Sistemas SA Downward Rally	Pair Corr

Moving against Hang Pink Sheet

0.81	BBGI	Beasley Broadcast	Pair Corr
0.71	BKRKY	Bank Rakyat	Pair Corr
0.64	TLK	Telkom Indonesia Tbk	Pair Corr
0.43	VNNVF	Vonovia SE	Pair Corr
0.42	PTAIY	Astra International Tbk	Pair Corr
0.37	VONOY	Vonovia SE ADR	Pair Corr
0.55	TLKMF	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	ACNDF	ASPZ	ADPPF	AZLCZ	ABCP	AANNF
ACNDF		0.51	-0.18	-0.69	0.56	0.56	ACNDF
ASPZ	0.51		-0.16	-0.75	0.53	0.63	ASPZ
ADPPF	-0.18	-0.16		0.37	-0.18	-0.48	ADPPF
AZLCZ	-0.69	-0.75	0.37		-0.64	-0.69	AZLCZ
ABCP	0.56	0.53	-0.18	-0.64		0.36	ABCP
AANNF	0.56	0.63	-0.48	-0.69	0.36		AANNF
	ACNDF	ASPZ	ADPPF	AZLCZ	ABCP	AANNF

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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

AANNF	+ 0.63	ASPZ
ABCP	+ 0.56	ACNDF
AANNF	+ 0.56	ACNDF
ABCP	+ 0.53	ASPZ
ASPZ	+ 0.51	ACNDF
AZLCZ	+ 0.37	ADPPF

High negative correlations

AZLCZ	- 0.75	ASPZ
AANNF	- 0.69	AZLCZ
AZLCZ	- 0.69	ACNDF
ABCP	- 0.64	AZLCZ
AANNF	- 0.48	ADPPF
ABCP	- 0.18	ADPPF

Risk-Adjusted Indicators

There is a big difference between Hang Pink Sheet performing well and Hang Lung 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 Hang Lung'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
ACNDF	1.72	(0.12)	0.00	(0.18)	0.00	0.00	6.06	(5.48)	20.78
ASPZ	18.32	2.27	0.08	(0.61)	19.05	(36.04)	75.36	(42.14)	140.50
ADPPF	0.88	0.44	0.00	8.08	0.00	0.00	0.00	0.00	29.63
AZLCZ	1.92	0.60	0.15	1.68	2.03	(3.59)	5.92	(4.69)	17.06
ABCP	2.12	(0.02)	0.00	(0.11)	0.00	0.00	6.67	(3.45)	18.79
AANNF	0.80	(0.36)	0.00	(1.90)	0.00	0.00	0.00	0.00	13.73

Be your own money manager

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

Kam Chow	Deputy Audit	Profile
Janet Poon	Deputy Admin	Profile
Helen Lau	Deputy Operation	Profile
Ka Chiu	CFO Director	Profile
Wai Lo	CEO Director	Profile
Wai Pau	Deputy Delivery	Profile

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