APAC Resources Correlations
| APPCFDelisted Stock | USD 0.11 0.00 0.00% |
The correlation of APAC Resources 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.
APAC Resources Correlation With Market
Average diversification
The correlation between APAC Resources Limited and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding APAC Resources Limited and DJI in the same portfolio, assuming nothing else is changed.
APAC |
The ability to find closely correlated positions to APAC Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace APAC Resources 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 APAC Resources - 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 APAC Resources Limited to buy it.
Moving together with APAC Pink Sheet
| 0.63 | MS | Morgan Stanley Sell-off Trend | PairCorr |
| 0.66 | IBKR | Interactive Brokers Fiscal Year End 21st of January 2025 | PairCorr |
| 0.78 | MS-PA | Morgan Stanley | PairCorr |
| 0.67 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.66 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.91 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.63 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.81 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.86 | HD | Home Depot Sell-off Trend | PairCorr |
Moving against APAC Pink Sheet
| 0.7 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.61 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.51 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.39 | PG | Procter Gamble | PairCorr |
| 0.34 | PFE | Pfizer Inc Aggressive Push | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between APAC Pink Sheet performing well and APAC Resources 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 APAC Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EBML | 13.57 | 0.74 | 0.03 | 0.41 | 15.74 | 33.33 | 150.00 | |||
| ABSOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATCC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AAMTF | 1.29 | (0.19) | 0.00 | 0.61 | 0.00 | 0.00 | 37.50 | |||
| ARCNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CYFRF | 12.46 | 4.24 | 0.32 | 1.11 | 9.88 | 31.87 | 150.65 | |||
| CBTTF | 5.83 | (0.23) | (0.01) | 0.03 | 6.92 | 13.43 | 47.53 | |||
| CRMZ | 2.14 | 0.61 | 0.16 | 1.17 | 1.96 | 5.45 | 18.15 | |||
| SPNNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OZFRY | 1.99 | 0.81 | 0.00 | 0.64 | 0.00 | 0.00 | 66.59 |
Be your own money manager
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APAC Resources Corporate Management
| Luyong Zhou | Gen Bus | Profile | |
| Andrew Hons | CEO Director | Profile | |
| Kit Tam | Chief Officer | Profile | |
| Tung Lau | Company Secretary | Profile | |
| Yung To | Financial Controller | Profile | |
| Dip Hon | Deputy Chairman | Profile | |
| Jenny Wong | VP Investment | Profile |
Still Interested in APAC Resources Limited?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.