China Everbright Correlations
| CEVIF Stock | USD 0.68 0.00 0.00% |
The current 90-days correlation between China Everbright and Blackstone Group is -0.1 (i.e., Good diversification). The correlation of China Everbright 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 Everbright Correlation With Market
Significant diversification
The correlation between China Everbright Limited and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Everbright Limited and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to China Everbright 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 Everbright 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 Everbright - 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 Everbright Limited to buy it.
Moving together with China Pink Sheet
| 0.75 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.85 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.86 | APO | Apollo Global Management | PairCorr |
| 0.83 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.86 | AMP | Ameriprise Financial Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.83 | ARES | Ares Management LP | PairCorr |
| 0.69 | WMT | Walmart Aggressive Push | PairCorr |
| 0.86 | HNHPF | Hon Hai Precision | PairCorr |
| 0.65 | ACN | Accenture plc | PairCorr |
| 0.74 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.63 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.69 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.72 | HPQ | HP Inc | PairCorr |
| 0.67 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.75 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.73 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.66 | HD | Home Depot | PairCorr |
| 0.85 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.72 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.73 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Moving against China Pink Sheet
| 0.82 | BAMGF | Brookfield Asset Man | PairCorr |
| 0.8 | DPSTF | Deutsche Post AG | PairCorr |
| 0.74 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.72 | VLKAF | Volkswagen AG | PairCorr |
| 0.7 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.62 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.61 | IVSBF | Investor AB ser | PairCorr |
| 0.72 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.56 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between China Pink Sheet performing well and China Everbright 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 Everbright'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KKR | 1.31 | 0.20 | 0.25 | 0.23 | 0.96 | 3.05 | 11.31 | |||
| APO | 1.54 | 0.43 | 0.40 | 0.35 | 0.89 | 4.26 | 12.83 | |||
| TPG | 1.67 | 0.29 | 0.21 | 0.27 | 1.51 | 4.51 | 13.91 | |||
| BX | 1.31 | 0.30 | 0.25 | 0.34 | 0.94 | 3.21 | 9.25 | |||
| CGBD | 0.81 | 0.06 | (0.04) | 0.43 | 0.97 | 1.50 | 4.68 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in China Everbright 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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China Everbright Corporate Management
| Shengyan Fan | MD Fund | Profile | |
| Kim Wan | Compliance Legal | Profile | |
| Jane Zhang | Managing Team | Profile | |
| Ming Chan | Legal Counsel, Company Secretary, Head - Legal and Company Secretarial Department | Profile | |
| Yanwu Yin | VP Director | Profile | |
| Yizhe Wang | Managing II | Profile |