Jardine Matheson Correlations

JMHLY Stock  USD 40.00  0.49  1.21%   
The current 90-days correlation between Jardine Matheson Holdings and Swire Pacific Ltd is -0.14 (i.e., Good diversification). The correlation of Jardine Matheson 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.

Jardine Matheson Correlation With Market

Modest diversification

The correlation between Jardine Matheson Holdings 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 Jardine Matheson Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Jardine Matheson could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jardine Matheson 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 Jardine Matheson - 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 Jardine Matheson Holdings to buy it.

Moving together with Jardine Pink Sheet

  0.77PTAIY Astra International TbkPairCorr
  0.65PKX POSCO HoldingsPairCorr
  0.79PUTKY United Tractors Tbk Downward RallyPairCorr
  0.7DIS Walt DisneyPairCorr
  0.65XOM Exxon Mobil CorpPairCorr
  0.67TRV The Travelers CompaniesPairCorr
  0.79AA Alcoa CorpPairCorr

Moving against Jardine Pink Sheet

  0.79SSNLF Samsung ElectronicsPairCorr
  0.61PFE Pfizer IncPairCorr
  0.58PTLKF PT Lippo KarawaciPairCorr
  0.52GE GE AerospacePairCorr
  0.48EC Ecopetrol SA ADR Sell-off TrendPairCorr
  0.45WMT Walmart Aggressive PushPairCorr
  0.37AXP American ExpressPairCorr
  0.34IBM International Business Sell-off TrendPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
CTPCFSWRBY
TINLYCIBY
CIBYFOSUF
MARUYTINLY
MARUYHTHIY
TINLYFOSUF
  
High negative correlations   
TINLYCTPCF
CIBYCTPCF
TINLYSWRBY
CIBYSWRBY
HTHIYFOSUF
MARUYSWRBY

Risk-Adjusted Indicators

There is a big difference between Jardine Pink Sheet performing well and Jardine Matheson 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 Jardine Matheson'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SWRBY  0.57  0.02  0.00 (0.04) 0.00 
 0.72 
 13.17 
CTPCF  2.53  0.43  0.07  2.07  2.78 
 7.89 
 29.44 
FOSUF  4.35  0.41  0.05 (0.31) 5.07 
 9.43 
 83.57 
CIBY  0.51 (0.29) 0.00 (4.39) 0.00 
 0.00 
 11.25 
MPCFF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
TOSBF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
HTHIY  4.25  0.93  0.10  0.35  7.79 
 3.77 
 159.31 
TINLY  0.88 (0.06) 0.00 (0.56) 0.00 
 2.93 
 9.46 
MARUY  1.29  0.04  0.03  0.03  1.49 
 2.80 
 7.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jardine Matheson 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.

Did you try this?

Run Price Ceiling Movement Now

   

Price Ceiling Movement

Calculate and plot Price Ceiling Movement for different equity instruments
All  Next Launch Module

Jardine Matheson Corporate Management

John KoshyHead AffairsProfile
Graham BakerGroup DirectorProfile
Jocelyn LamGroup TaxationProfile
Jonathan LloydGroup SecProfile
John NolanGroup DirectorProfile