Orient Overseas Correlations

ORI1 Stock

EUR 12.77 0.29 2.22%

The current 90-days correlation between Orient Overseas and Live Nation Entertainment is -0.07 (i.e., Good diversification). The correlation of Orient Overseas 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.

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

Moving together with Orient Stock

0.72	C6G	COSCO SHIPPING Holdings	Pair Corr
0.73	CPM	China Merchants Port	Pair Corr
0.77	0QP	Qingdao Port Interna	Pair Corr

Moving against Orient Stock

0.54	D7P	Liaoning Port CoLtd	Pair Corr
0.48	PQ9	BANK MANDIRI	Pair Corr
0.47	BYRA	BANK RAKYAT IND	Pair Corr
0.36	BYRA	BANK RAKYAT IND	Pair Corr
0.31	PQ9	BANK MANDIRI	Pair Corr
0.31	BYRA	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	CBW	HPI2	6P5	ML2	PLJ2	GU0	3LN	LGA
CBW		0.75	0.83	-0.76	0.03	0.0	0.52	-0.08	CBW
HPI2	0.75		0.78	-0.58	-0.27	0.0	0.65	0.1	HPI2
6P5	0.83	0.78		-0.78	-0.1	0.0	0.71	-0.05	6P5
ML2	-0.76	-0.58	-0.78		-0.19	0.0	-0.52	0.29	ML2
PLJ2	0.03	-0.27	-0.1	-0.19		0.0	-0.42	-0.41	PLJ2
GU0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GU0
3LN	0.52	0.65	0.71	-0.52	-0.42	0.0		0.32	3LN
LGA	-0.08	0.1	-0.05	0.29	-0.41	0.0	0.32		LGA
	CBW	HPI2	6P5	ML2	PLJ2	GU0	3LN	LGA

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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

6P5	+ 0.83	CBW
6P5	+ 0.78	HPI2
HPI2	+ 0.75	CBW
3LN	+ 0.71	6P5
3LN	+ 0.65	HPI2
3LN	+ 0.52	CBW

High negative correlations

ML2	- 0.78	6P5
ML2	- 0.76	CBW
ML2	- 0.58	HPI2
3LN	- 0.52	ML2
3LN	- 0.42	PLJ2
LGA	- 0.41	PLJ2

Risk-Adjusted Indicators

There is a big difference between Orient Stock performing well and Orient Overseas 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 Orient Overseas' 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
CBW	2.49	0.49	0.17	1.86	2.37	(3.33)	6.50	(4.35)	15.76
HPI2	1.10	0.29	0.19	(0.72)	0.80	(1.96)	2.53	(1.28)	8.82
6P5	1.41	0.24	0.13	(0.72)	1.51	(1.60)	4.03	(3.47)	10.10
ML2	1.31	(0.07)	0.00	(0.13)	0.00	0.00	0.00	(7.19)	34.09
PLJ2	1.86	0.01	0.01	0.85	2.82	(2.47)	6.19	(3.48)	20.58
GU0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3LN	0.93	0.02	0.02	(0.25)	1.64	(0.84)	1.84	(2.32)	7.93
LGA	1.68	(0.15)	0.00	0.58	0.00	0.00	3.33	(3.90)	17.32

Be your own money manager

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

Elected by the shareholders, the Orient Overseas' board of directors comprises two types of representatives: Orient Overseas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Orient. The board's role is to monitor Orient Overseas' management team and ensure that shareholders' interests are well served. Orient Overseas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Orient Overseas' outside directors are responsible for providing unbiased perspectives on the board's policies.

Jianping Ye	Chief Logistics	Profile
Zhijian Yang	Ex Director	Profile
Yuen Lai	Head Department	Profile
Junguang Xiao	Company Sec	Profile
Yun Mok	Group Controller	Profile
Erxin Yao	Regions Planning	Profile
Min Wan	Ex Chairman	Profile

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