Swire Pacific Correlations

SWRAY Stock

USD 8.26 0.05 0.60%

The current 90-days correlation between Swire Pacific and CK Hutchison Holdings is 0.58 (i.e., Very weak diversification). The correlation of Swire Pacific 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.

Swire Pacific Correlation With Market

Good diversification

The correlation between Swire Pacific and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swire Pacific and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Swire Pink Sheet

0.74	BRK-A	Berkshire Hathaway	Pair Corr
0.74	BRK-B	Berkshire Hathaway	Pair Corr
0.7	COST	Costco Wholesale Corp	Pair Corr
0.68	CTPCY	Citic Ltd ADR	Pair Corr
0.53	AAVMY	ABN AMRO Bank	Pair Corr
0.53	GRABW	Grab Holdings Limited	Pair Corr
0.45	HTHIF	Hitachi	Pair Corr
0.43	HYMTF	Hyundai Motor Downward Rally	Pair Corr
0.41	U4R90AAB4	HLF 4875 01	Pair Corr
0.4	MMM	3M Company	Pair Corr
0.34	HTHIY	Hitachi Ltd ADR	Pair Corr
0.31	SWZNF	Schweizerische Nationalbank Earnings Call Today	Pair Corr
0.8	WPM	Wheaton Precious Metals	Pair Corr
0.7	KO	Coca Cola	Pair Corr
0.69	KOREF	KORE Mining	Pair Corr
0.67	YUM	Yum Brands	Pair Corr
0.66	T	ATT Inc Aggressive Push	Pair Corr
0.65	BLAGF	Blue Lagoon Resources	Pair Corr
0.64	PINS	Pinterest	Pair Corr
0.63	AXIL	AXIL Brands,	Pair Corr
0.61	HWM	Howmet Aerospace	Pair Corr
0.58	ATRC	AtriCure	Pair Corr
0.58	AGI	Alamos Gold	Pair Corr
0.57	MCD	McDonalds	Pair Corr
0.51	GPI	Group 1 Automotive	Pair Corr
0.49	TCTZF	Tencent Holdings	Pair Corr
0.48	PLTR	Palantir Technologies	Pair Corr
0.46	AAMMF	Almadex Minerals	Pair Corr
0.45	APP	Applovin Corp	Pair Corr
0.32	KPLTW	Katapult Holdings Equity	Pair Corr

Related Correlations Analysis

	CKHUY	MARUF	SSUMY	MARUY	CTPCY	ALPP	RJDG	APTL	WRLC	MMM
CKHUY		-0.13	-0.08	-0.14	-0.06	0.0	-0.12	-0.54	0.33	-0.79	CKHUY
MARUF	-0.13		0.58	0.71	0.4	0.0	-0.21	0.24	0.13	0.15	MARUF
SSUMY	-0.08	0.58		0.75	0.28	0.0	-0.11	0.24	-0.09	0.38	SSUMY
MARUY	-0.14	0.71	0.75		0.53	0.0	-0.27	0.38	-0.04	0.26	MARUY
CTPCY	-0.06	0.4	0.28	0.53		0.0	-0.42	0.42	0.32	0.06	CTPCY
ALPP	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ALPP
RJDG	-0.12	-0.21	-0.11	-0.27	-0.42	0.0		-0.17	-0.23	0.08	RJDG
APTL	-0.54	0.24	0.24	0.38	0.42	0.0	-0.17		0.04	0.51	APTL
WRLC	0.33	0.13	-0.09	-0.04	0.32	0.0	-0.23	0.04		-0.3	WRLC
MMM	-0.79	0.15	0.38	0.26	0.06	0.0	0.08	0.51	-0.3		MMM
	CKHUY	MARUF	SSUMY	MARUY	CTPCY	ALPP	RJDG	APTL	WRLC	MMM

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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

MARUY	+ 0.75	SSUMY
MARUY	+ 0.71	MARUF
SSUMY	+ 0.58	MARUF
CTPCY	+ 0.53	MARUY
MMM	+ 0.51	APTL
APTL	+ 0.42	CTPCY

High negative correlations

MMM	- 0.79	CKHUY
APTL	- 0.54	CKHUY
RJDG	- 0.42	CTPCY
MMM	- 0.3	WRLC
RJDG	- 0.27	MARUY
WRLC	- 0.23	RJDG

Risk-Adjusted Indicators

There is a big difference between Swire Pink Sheet performing well and Swire Pacific 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 Swire Pacific'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CKHUY	0.95	(0.04)	0.00	(0.23)	0.00	0.00	1.81	(1.89)	6.68
MARUF	2.66	0.01	0.01	(0.03)	3.70	(3.28)	5.84	(6.68)	26.10
SSUMY	1.23	0.13	0.10	0.14	1.29	(1.53)	3.00	(2.06)	8.45
MARUY	1.29	0.04	0.03	0.03	1.49	(1.41)	2.80	(2.42)	7.95
CTPCY	1.24	(0.02)	0.00	(0.06)	0.00	0.00	4.77	(3.06)	13.93
ALPP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RJDG	6.01	0.37	0.04	0.11	5.97	(11.98)	15.79	(11.59)	40.74
APTL	0.42	0.01	0.02	(0.78)	0.77	(1.55)	1.27	(1.11)	10.44
WRLC	1.56	0.05	0.01	1.57	2.50	(2.92)	4.38	(6.20)	18.34
MMM	0.98	0.33	0.29	0.31	0.84	(1.17)	2.21	(1.61)	6.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Swire Pacific 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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Swire Pacific Corporate Management

Bernadette Lomas	Group Sec	Profile
Zhuo Zhang	Ex Director	Profile
Martin Murray	Fin Director	Profile
Cindy Cheung	Ma Affairs	Profile
Karen So	Managing CocaCola	Profile

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