Orient Overseas Correlations

OROVF Stock

USD 14.72 0.30 2.08%

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.

Orient Overseas Correlation With Market

Average diversification

The correlation between Orient Overseas Limited and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orient Overseas Limited and DJI in the same portfolio, assuming nothing else is changed.

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 against Orient Pink Sheet

0.38	META	Meta Platforms Aggressive Push	Pair Corr
0.47	PG	Procter Gamble	Pair Corr
0.33	IBM	International Business	Pair Corr
0.32	GE	GE Aerospace	Pair Corr
0.31	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	CITAF	SITIY	CICOF	PCFBY	MSLOY	NYUKF	SITIF	WSSTF	NPNYY	CICOY
CITAF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CITAF
SITIY	0.0		0.04	0.31	0.17	0.0	0.24	0.16	0.21	0.03	SITIY
CICOF	0.0	0.04		-0.27	-0.03	0.0	0.13	-0.29	-0.01	0.05	CICOF
PCFBY	0.0	0.31	-0.27		0.08	0.0	0.32	0.3	0.15	0.27	PCFBY
MSLOY	0.0	0.17	-0.03	0.08		0.0	-0.24	-0.34	0.94	-0.05	MSLOY
NYUKF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NYUKF
SITIF	0.0	0.24	0.13	0.32	-0.24	0.0		0.29	-0.18	0.5	SITIF
WSSTF	0.0	0.16	-0.29	0.3	-0.34	0.0	0.29		-0.22	0.42	WSSTF
NPNYY	0.0	0.21	-0.01	0.15	0.94	0.0	-0.18	-0.22		0.04	NPNYY
CICOY	0.0	0.03	0.05	0.27	-0.05	0.0	0.5	0.42	0.04		CICOY
	CITAF	SITIY	CICOF	PCFBY	MSLOY	NYUKF	SITIF	WSSTF	NPNYY	CICOY

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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

NPNYY	+ 0.94	MSLOY
CICOY	+ 0.5	SITIF
CICOY	+ 0.42	WSSTF
SITIF	+ 0.32	PCFBY
PCFBY	+ 0.31	SITIY
WSSTF	+ 0.3	PCFBY

High negative correlations

WSSTF	- 0.34	MSLOY
WSSTF	- 0.29	CICOF
PCFBY	- 0.27	CICOF
SITIF	- 0.24	MSLOY
NPNYY	- 0.22	WSSTF
NPNYY	- 0.18	SITIF

Risk-Adjusted Indicators

There is a big difference between Orient Pink Sheet 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
CITAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SITIY	3.72	0.18	0.02	0.09	4.66	(6.97)	11.66	(9.28)	32.48
CICOF	2.34	0.21	0.05	(0.28)	2.98	(5.40)	9.72	(6.33)	24.81
PCFBY	3.60	0.23	0.04	0.45	4.73	(6.16)	12.00	(7.08)	36.45
MSLOY	1.19	0.13	0.09	0.27	1.55	(1.19)	2.29	(2.97)	7.67
NYUKF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SITIF	0.82	0.08	0.00	(1.17)	0.00	0.00	1.20	(0.83)	26.62
WSSTF	0.65	(0.33)	0.00	(0.87)	0.00	0.00	0.00	0.00	21.85
NPNYY	1.14	0.09	0.08	(0.23)	1.63	(1.19)	2.36	(2.42)	8.45
CICOY	1.57	0.00	0.01	(0.02)	2.28	(1.62)	3.42	(3.59)	9.53

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

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