China Resources Correlations

Stocks . Germany . 
Stock . China Resources Beer
CHK Stock  EUR 2.88  0.02  0.69%   
The current 90-days correlation between China Resources Beer and Lery Seafood Group is 0.25 (i.e., Modest diversification). The correlation of China 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.

China Resources Correlation With Market

Good diversification

The correlation between China Resources Beer and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Resources Beer and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to China 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 China 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 China 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 China Resources Beer to buy it.

Moving together with China Stock

  0.88FOMA Fomento Econmico MexicanoPairCorr
  0.851NBA Anheuser Busch InBevPairCorr
  0.83ITKA Anheuser Busch InBevPairCorr
  0.84BB1 BUDWEISER BREWUNSPADR/4PairCorr
  0.710R1 Royal Unibrew ASPairCorr
  0.71BYRA PT Bank RakyatPairCorr
  0.61SSU Samsung ElectronicsPairCorr
  0.68PQ9 PT Bank MandiriPairCorr

Moving against China Stock

  0.82RHM Rheinmetall AGPairCorr
  0.813RK Ryohin KeikakuPairCorr
  0.71NTT Nippon TelegraphPairCorr
  0.5365K MOLSON RS CDAPairCorr
  0.51NY70 MOLSON RS BEVERAGEPairCorr
  0.4NY7 Molson Coors BrewingPairCorr
  0.82BMT British American TobaccoPairCorr
  0.79RC2 RCM TECHNOLOGIESPairCorr
  0.781NN Neinor Homes SAPairCorr
  0.77OTP OTP Bank NyrtPairCorr
  0.76BSI BE Semiconductor IndPairCorr
  0.76ZOF SBI HoldingsPairCorr
  0.745F3 JINS HOLDINGS INCPairCorr
  0.71DTE Deutsche TelekomPairCorr
  0.7AIRA Airbus SEPairCorr
  0.67CZH Choice Hotels InternPairCorr
  0.67SONA Sony GroupPairCorr
  0.62XGH ENN Energy HoldingsPairCorr
  0.61HBM HORNBACH BaumarktPairCorr
  0.613N8 Nabtesco CorpPairCorr
  0.53H1Q China BlueChemicalPairCorr
  0.48KRTA KRUNGTHAI CARD FGNPairCorr

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   
SXC
+ 0.92
D4V
SXC
+ 0.65
07M
9MF
+ 0.65
T6W
D4V
+ 0.62
T6W
SXC
+ 0.61
T6W
D4V
+ 0.57
07M
  
High negative correlations   
Z1L
- 0.48
07M
S92
- 0.43
9MF
SXC
- 0.35
Z1L
Z1L
- 0.27
D4V
S92
- 0.25
SXC
S92
- 0.11
D4V

Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China 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 China 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in China 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.

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China Resources Corporate Management

Elected by the shareholders, the China Resources' board of directors comprises two types of representatives: China Resources 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 Resources' management team and ensure that shareholders' interests are well served. China Resources' 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 Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Qiang WeiCFO DirectorProfile
Longshan ZhouManaging LimitedProfile
Dan ZhuPres LtdProfile
Tan TseGen DepartmentProfile
Weiyong WangVPProfile
Chunyi FuManaging LtdProfile
Dayong ChengGen DepartmentProfile
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