Tencent Holdings Correlations

Stocks . Germany . 
Stock . Tencent Holdings Ltd
NNN1 Stock  EUR 60.00  2.00  3.23%   
The current 90-days correlation between Tencent Holdings and Sekisui Chemical Co is -0.11 (i.e., Good diversification). The correlation of Tencent Holdings 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.

Tencent Holdings Correlation With Market

Average diversification

The correlation between Tencent Holdings Ltd and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tencent Holdings Ltd and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Tencent Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tencent Holdings 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 Tencent Holdings - 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 Tencent Holdings Ltd to buy it.

Moving together with Tencent Stock

  0.99NNND Tencent HoldingsPairCorr
  0.931YL PROSUS NV ADRPairCorr
  0.941TY Prosus NVPairCorr
  0.75ESLC ESSILORLUXOTTICA 12ONPairCorr
  0.66MLB1 MercadoLibrePairCorr
  0.819MDA MEITUAN UNSPADR/2BPairCorr
  0.75PP1 Papa Johns InternationalPairCorr
  0.799Q ENTREPARTICULIERS EOPairCorr
  0.82JYS1 JYSKE BANKPairCorr
  0.68ROM Rohm CoPairCorr
  0.915TP BLUE LABELPairCorr
  0.87TKA thyssenkrupp AGPairCorr
  0.68HUKI HUHTAMAKIPairCorr
  0.73KEI KEISEI EL RAILWAY SplitPairCorr
  0.88BSN Danone SAPairCorr
  0.943RE Rejlerkoncernen ABPairCorr
  0.81TLLB Trelleborg ABPairCorr
  0.74E908 Lyxor 1PairCorr
  0.86DBPE Xtrackers LevDAXPairCorr

Moving against Tencent Stock

  0.87ABEA Alphabet Class APairCorr
  0.85ABEA Alphabet Class APairCorr
  0.85ABEC AlphabetPairCorr
  0.856FO GOODTECH ASA APairCorr
  0.83CJ8A CARGOJET INC VARPairCorr
  0.66GLE Gladstone CommercialPairCorr
  0.85DBPD Xtrackers ShortDAXPairCorr
  0.48T9V TASTY PLC LSPairCorr
  0.38TTO TTL Beteiligungs undPairCorr

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   
22E
+ 0.67
LA5
22E
+ 0.65
5GH
WY8
+ 0.56
5GH
LA5
+ 0.56
5GH
BVF
+ 0.54
XFB
LA5
+ 0.44
XFB
  
High negative correlations   
5GH
- 0.74
GSZ
22E
- 0.66
GSZ
WY8
- 0.6
GSZ
WY8
- 0.56
BVF
WY8
- 0.54
XFB
22E
- 0.41
BVF

Risk-Adjusted Indicators

There is a big difference between Tencent Stock performing well and Tencent Holdings 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 Tencent Holdings' 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 Tencent Holdings 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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Tencent Holdings Corporate Management

Elected by the shareholders, the Tencent Holdings' board of directors comprises two types of representatives: Tencent Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tencent. The board's role is to monitor Tencent Holdings' management team and ensure that shareholders' interests are well served. Tencent Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tencent Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
Weibiao ZhanManaging DirectorProfile
Shan LuEVP GroupProfile
Zhidong ZhangCoFounder EmeritusProfile
Chi LauPres DirectorProfile
Liqing ZengCoFounder EmeritusProfile
Shek LoCFO VPProfile
Chenye XuCoFounder OfficerProfile
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