APAC Resources Correlations
| APPCF Stock | USD 0.25 0.00 0.00% |
The current 90-days correlation between APAC Resources and Merchants Financial Group is 0.14 (i.e., Average diversification). 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 0.1 (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
| 0.79 | MS | Morgan Stanley | PairCorr |
| 0.8 | GS | Goldman Sachs Group | PairCorr |
| 0.67 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.63 | PTAIY | Astra International Tbk | PairCorr |
| 0.79 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.88 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.68 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.88 | FTV | Fortive Corp | PairCorr |
| 0.67 | BAC | Bank of America | PairCorr |
| 0.74 | CSCO | Cisco Systems | PairCorr |
| 0.66 | MCD | McDonalds | PairCorr |
| 0.7 | TRV | The Travelers Companies | PairCorr |
| 0.71 | DD | Dupont De Nemours | PairCorr |
| 0.65 | CAT | Caterpillar | PairCorr |
| 0.84 | WMT | Walmart Common Stock | PairCorr |
Moving against APAC Pink Sheet
| 0.93 | CGXYY | China Galaxy Securities | PairCorr |
| 0.85 | MS-PA | Morgan Stanley | PairCorr |
| 0.84 | GS-PA | Goldman Sachs Earnings Call This Week | PairCorr |
| 0.81 | GS-PD | Goldman Sachs Earnings Call This Week | PairCorr |
| 0.6 | IBKR | Interactive Brokers Normal Trading | PairCorr |
| 0.55 | PTAIF | PT Astra International | PairCorr |
| 0.81 | MSFT | Microsoft | PairCorr |
| 0.69 | HD | Home Depot | PairCorr |
| 0.66 | PG | Procter Gamble | PairCorr |
| 0.59 | HPQ | HP Inc | PairCorr |
| 0.43 | T | ATT Inc | PairCorr |
Related Correlations Analysis
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CESTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MFGI | 0.83 | 0.23 | 0.10 | 0.96 | 0.88 | 1.57 | 4.97 | |||
| TSRUF | 0.22 | (0.13) | 0.00 | (2.00) | 0.00 | 0.00 | 3.87 | |||
| TSCFY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CFNB | 1.05 | 0.44 | 0.22 | (2.81) | 0.18 | 4.02 | 17.10 | |||
| MLGF | 1.12 | 0.14 | 0.07 | 0.30 | 1.22 | 3.56 | 12.28 | |||
| UBAAF | 2.02 | 0.40 | 0.09 | 0.87 | 3.13 | 5.17 | 21.57 | |||
| FNRN | 0.30 | 0.06 | (0.01) | 0.65 | 0.00 | 1.23 | 3.39 | |||
| CLIUF | 0.32 | 0.16 | 0.00 | 9.84 | 0.00 | 0.00 | 5.71 | |||
| URNAF | 1.13 | 0.51 | 0.18 | 1.45 | 1.12 | 3.04 | 10.60 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in APAC Resources 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?
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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 |