Longfor Properties Correlations

LGFRY Stock

USD 12.86 0.46 3.45%

The current 90-days correlation between Longfor Properties and Sun Hung Kai is 0.4 (i.e., Very weak diversification). The correlation of Longfor Properties 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.

Longfor Properties Correlation With Market

Significant diversification

The correlation between Longfor Properties Co and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Longfor Properties Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Longfor Pink Sheet

0.7	SUHJY	Sun Hung Kai	Pair Corr
0.69	CRBJY	China Resources Land Earnings Call Today	Pair Corr
0.88	CAOVY	China Overseas Land Earnings Call This Week	Pair Corr
0.63	WM	Waste Management	Pair Corr
0.69	DNSKF	Danske Bank AS Normal Trading	Pair Corr
0.74	ISMAY	Indra Sistemas SA	Pair Corr
0.68	GLU	Gabelli Global Utility	Pair Corr

Moving against Longfor Pink Sheet

0.73	KB	KB Financial Group	Pair Corr
0.69	PPERY	Bank Mandiri Persero	Pair Corr
0.66	BKRKY	Bank Rakyat	Pair Corr
0.66	SHG	Shinhan Financial	Pair Corr
0.65	PPERF	Bank Mandiri Persero	Pair Corr
0.65	PBCRY	Bank Central Asia	Pair Corr
0.64	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	SUHJY	CTRYY	CTRYF	SNLAY	SUHJF	HIHI	DWAHY	CAOVY
SUHJY		0.0	0.0	0.75	0.61	-0.44	0.54	0.67	SUHJY
CTRYY	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CTRYY
CTRYF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CTRYF
SNLAY	0.75	0.0	0.0		0.39	-0.53	0.63	0.7	SNLAY
SUHJF	0.61	0.0	0.0	0.39		0.1	0.06	0.18	SUHJF
HIHI	-0.44	0.0	0.0	-0.53	0.1		-0.68	-0.71	HIHI
DWAHY	0.54	0.0	0.0	0.63	0.06	-0.68		0.87	DWAHY
CAOVY	0.67	0.0	0.0	0.7	0.18	-0.71	0.87		CAOVY
	SUHJY	CTRYY	CTRYF	SNLAY	SUHJF	HIHI	DWAHY	CAOVY

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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

CAOVY	+ 0.87	DWAHY
SNLAY	+ 0.75	SUHJY
CAOVY	+ 0.7	SNLAY
CAOVY	+ 0.67	SUHJY
DWAHY	+ 0.63	SNLAY
SUHJF	+ 0.61	SUHJY

High negative correlations

CAOVY	- 0.71	HIHI
DWAHY	- 0.68	HIHI
HIHI	- 0.53	SNLAY
HIHI	- 0.44	SUHJY
CAOVY	- 0.0	CTRYF
DWAHY	- 0.0	CTRYF

Risk-Adjusted Indicators

There is a big difference between Longfor Pink Sheet performing well and Longfor Properties 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 Longfor Properties' 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
SUHJY	1.09	0.01	0.05	(0.01)	1.28	(1.25)	2.02	(1.86)	6.87
CTRYY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CTRYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNLAY	1.29	0.10	0.06	0.16	1.81	(1.65)	2.69	(2.00)	16.86
SUHJF	1.47	0.29	0.11	(1.93)	1.36	(4.02)	5.46	(3.53)	13.74
HIHI	12.22	2.86	0.12	1.43	12.15	(26.41)	35.27	(33.69)	98.91
DWAHY	0.90	0.16	0.17	0.36	1.06	(1.04)	2.06	(1.90)	5.03
CAOVY	2.13	0.21	0.08	0.47	2.82	(2.14)	5.85	(4.23)	19.49

Be your own money manager

Our tools can tell you how much better you can do entering a position in Longfor Properties 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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Xuping Chen	CEO Chairperson	Profile
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Ying Shen	General Manager of Human Resources Department	Profile
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