China Construction Correlations

Stocks Germany . 
Stock . China Construction Bank
C6T Stock  EUR 0.71  0.03  4.05%   
The current 90-days correlation between China Construction Bank and Superior Plus Corp is 0.02 (i.e., Significant diversification). The correlation of China Construction 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.

China Construction Correlation With Market

Significant diversification

The correlation between China Construction Bank and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Construction Bank and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to China Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Construction 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 China Construction - 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 China Construction Bank to buy it.

Moving together with China Stock

  0.63NCB Bank of AmericaPairCorr
  0.67NWT Wells FargoPairCorr
  0.76HBC1 HSBC Holdings plcPairCorr
  0.75HBC2 HSBC Holdings plcPairCorr
  0.63EK7 Agricultural BankPairCorr
  0.85W8V Bank of China LimitedPairCorr
  0.65KBIA KB Financial GroupPairCorr
  0.84CM2 CAL MAINE FOODSPairCorr
  0.66HEIA HEIAPairCorr
  0.71MOB Monster Beverage CorpPairCorr
  0.92EK7 AGRICUL BK CHINAPairCorr
  0.64V71 HUT 8 PPairCorr
  0.84UN3 United Natural FoodsPairCorr
  0.65N3Y Nine Dragons PaperPairCorr
  0.78SAP SAP SEPairCorr
  0.72DBPE Xtrackers LevDAXPairCorr

Moving against China Stock

  0.74SSU Samsung ElectronicsPairCorr
  0.74SSU Samsung ElectronicsPairCorr
  0.72DBPD Xtrackers ShortDAXPairCorr
  0.7SSUN Samsung ElectronicsPairCorr
  0.7SSUN Samsung ElectronicsPairCorr
  0.54PTI Perusahaan PerseroanPairCorr
  0.5TCID Telkom Indonesia TbkPairCorr
  0.49PQ9 PT Bank MandiriPairCorr
  0.31BYRA PT Bank RakyatPairCorr

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   
2DG
+ 0.73
8SP
6NM
+ 0.66
8SP
TM9
+ 0.46
39O1
39O1
+ 0.45
6NM
39O1
+ 0.32
8SP
TM9
+ 0.26
8SP
  
High negative correlations   
INVN
- 0.81
2DG
INVN
- 0.75
8SP
INVN
- 0.31
6NM
TLX
- 0.22
39O1
INVN
- 0.09
TLX
INVN
- 0.05
TM9

Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China Construction 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 China Construction'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 China Construction 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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China Construction Corporate Management

Elected by the shareholders, the China Construction's board of directors comprises two types of representatives: China Construction inside directors who are chosen from within the company, and outside directors, selected externally and held independent of China. The board's role is to monitor China Construction's management team and ensure that shareholders' interests are well served. China Construction'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, China Construction's outside directors are responsible for providing unbiased perspectives on the board's policies.
Min ZhangEx VPProfile
Jinliang ZhangPres ChairmanProfile
Guoli TianEx ChairmanProfile
Yuanguo ChengChief OfficerProfile
Changmiao HuS BoardProfile
Panshi JinChief OfficerProfile
Yun LiEx VPProfile
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