Bank of China Limited Correlations

Stocks . Germany . 
Stock . Bank of China
W8V Stock  EUR 0.55  0.02  3.51%   
The current 90-days correlation between Bank of China Limited and MeVis Medical Solutions is -0.07 (i.e., Good diversification). The correlation of Bank of China Limited 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.

Bank of China Limited Correlation With Market

Very good diversification

The correlation between Bank of China and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of China and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Bank of China Limited could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of China Limited 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 Bank of China Limited - 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 Bank of China to buy it.

Moving together with Bank Stock

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Moving against Bank Stock

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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   
M3P
+ 0.82
PH4
M3P
+ 0.62
M3V
COP
+ 0.61
M3P
COP
+ 0.5
M3V
M3P
+ 0.46
6AH
COP
+ 0.46
PUS
  
High negative correlations   
PH4
- 0.71
0Q3
M3P
- 0.6
0Q3
0JZ
- 0.4
0Q3
0Q3
- 0.34
6AH
0JZ
- 0.25
COP
0Q3
- 0.25
M3V

Risk-Adjusted Indicators

There is a big difference between Bank Stock performing well and Bank of China Limited 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 Bank of China Limited'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 Bank of China Limited 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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Bank of China Limited Corporate Management

Elected by the shareholders, the Bank of China Limited's board of directors comprises two types of representatives: Bank of China Limited inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bank. The board's role is to monitor Bank of China Limited's management team and ensure that shareholders' interests are well served. Bank of China Limited'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, Bank of China Limited's outside directors are responsible for providing unbiased perspectives on the board's policies.
Liange LiuEx ChairmanProfile
Jin LiuPres ChairmanProfile
Yan LiuChief MangProfile
Jiandong LiuChief OfficerProfile
Huaiyu ChenEx VPProfile
Jianguang WuGen DepartmentProfile
Chengwen ZhuoChief OfficerProfile
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