Greenland Hong Correlations

Stocks . Germany . 
Stock . Greenland Hong Kong
QFRA Stock  EUR 0.02  0.0005  2.04%   
The current 90-days correlation between Greenland Hong Kong and TIMES CHINA HLDGS is 0.12 (i.e., Average diversification). The correlation of Greenland Hong 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.

Greenland Hong Correlation With Market

Good diversification

The correlation between Greenland Hong Kong and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greenland Hong Kong and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Greenland Hong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greenland Hong 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 Greenland Hong - 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 Greenland Hong Kong to buy it.

Moving together with Greenland Stock

  0.688HJ LANDSEA HOMES PPairCorr

Moving against Greenland Stock

  0.75SIX3 Sixt SEPairCorr
  0.72WC30 WATSCO INC BPairCorr
  0.7D2V PARKEN SPORT ENTPairCorr
  0.69D2V PARKEN Sport EntertaPairCorr
  0.66C2H Copa Holdings SAPairCorr
  0.65GQ9 SPDR Gold SharesPairCorr
  0.64YV0 ASPEN TECHINC DLPairCorr
  0.64HKT HK Electric InvestmentsPairCorr
  0.631C4 MANDARIN ORIENTAL Earnings Call This WeekPairCorr
  0.55E8R ENERGY ONEPairCorr
  0.47SLT SCHALTBAU HOLDINGPairCorr
  0.46PNDA MOWI ASA SPADRPairCorr
  0.44I8M Sims Metal ManagementPairCorr
  0.43GTY Gateway Real EstatePairCorr
  0.43GTY Gateway Real EstatePairCorr
  0.4307M China Modern DairyPairCorr
  0.42GTY Gateway Real EstatePairCorr
  0.4SUI Sekisui ChemicalPairCorr
  0.38AS7 ANTA Sports ProductsPairCorr
  0.78IHS Jervois GlobalPairCorr
  0.743CM RLX TECH SPADR1PairCorr
  0.71IHCB SBM OFFSHOREPairCorr
  0.69BSU BP plcPairCorr
  0.65CYB CyberArk SoftwarePairCorr
  0.6532A Aegean Airlines SAPairCorr
  0.63D7A Aptiv PLCPairCorr
  0.63BFP BBVA Banco Frances Earnings Call TomorrowPairCorr
  0.61WE7 EVOLUTION MINPairCorr

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   
GTY
+ 0.99
GTY
GTY
+ 0.96
GTY
GTY
+ 0.96
GTY
QFRA
+ 0.68
8HJ
8HJ
+ 0.6
DWNI
QFRA
+ 0.47
T2H
  
High negative correlations   
QFRA
- 0.43
GTY
QFRA
- 0.43
GTY
QFRA
- 0.42
GTY
8HJ
- 0.34
GTY
8HJ
- 0.31
GTY
GTY
- 0.31
DWNI

Risk-Adjusted Indicators

There is a big difference between Greenland Stock performing well and Greenland Hong 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 Greenland Hong'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Greenland Hong 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 Bonds Directory Now

   

Bonds Directory

Find actively traded corporate debentures issued by US companies
All  Next Launch Module

Greenland Hong Corporate Management

Elected by the shareholders, the Greenland Hong's board of directors comprises two types of representatives: Greenland Hong inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Greenland. The board's role is to monitor Greenland Hong's management team and ensure that shareholders' interests are well served. Greenland Hong's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Greenland Hong's outside directors are responsible for providing unbiased perspectives on the board's policies.
Guangzheng SunGen DepartmentProfile
Jun ChenChairman CEOProfile
Yu LeiS CenterProfile
Xuling WangGM DirectorProfile
Xiaoli LinGen DepartmentProfile
Zhongmin JiangAssistant branchProfile
Zhengkui WuEx DirectorProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY