China High Correlations

CHSTF Stock

USD 0.21 0.00 0.00%

The current 90-days correlation between China High Speed and National Express Group is 0.01 (i.e., Significant diversification). The correlation of China High 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 High Correlation With Market

Poor diversification

The correlation between China High Speed and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China High Speed and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to China High 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 High 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 High - 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 High Speed to buy it.

Moving together with China Pink Sheet

0.62	GE	GE Aerospace	Pair Corr
0.63	GEV	GE Vernova LLC	Pair Corr
0.81	SIEGY	Siemens AG ADR	Pair Corr
0.81	PH	Parker Hannifin	Pair Corr
0.81	SMAWF	Siemens AG Class	Pair Corr
0.8	EMR	Emerson Electric	Pair Corr
0.82	BRK-B	Berkshire Hathaway Earnings Call This Week	Pair Corr
0.7	HYMTF	Hyundai Motor	Pair Corr
0.74	CYD	China Yuchai Interna	Pair Corr
0.74	CAMZF	Camino Minerals	Pair Corr
0.61	NNBR	NN Inc	Pair Corr
0.83	TOGOF	TomaGold	Pair Corr
0.65	AES	AES Aggressive Push	Pair Corr
0.86	EMMA	Emmaus Life Sciences	Pair Corr
0.68	PYTCY	Playtech PLC ADR	Pair Corr
0.79	GS	Goldman Sachs Group	Pair Corr
0.83	MTNOF	MTN Group Limited	Pair Corr
0.92	TATT	Tat Techno	Pair Corr
0.69	NTZ	Natuzzi SpA	Pair Corr
0.71	INTC	Intel	Pair Corr

Moving against China Pink Sheet

0.5	BRK-A	Berkshire Hathaway Earnings Call This Week	Pair Corr
0.33	TKURF	Tokyu REIT	Pair Corr
0.34	68233JBD5	US68233JBD54	Pair Corr

Related Correlations Analysis

	CRAWA	AITLF	VLNSF	AUUMF	LPKFF	TKOLF	NXPGF	SCPJ	GKPRF	SEIGY
CRAWA		-0.04	0.07	-0.11	0.1	0.0	0.11	0.0	0.42	0.45	CRAWA
AITLF	-0.04		0.3	-0.22	-0.26	0.0	0.41	0.0	0.21	-0.05	AITLF
VLNSF	0.07	0.3		0.41	-0.74	0.0	-0.21	0.0	0.48	0.33	VLNSF
AUUMF	-0.11	-0.22	0.41		-0.75	0.0	-0.26	0.0	0.14	0.27	AUUMF
LPKFF	0.1	-0.26	-0.74	-0.75		0.0	0.14	0.0	-0.33	-0.25	LPKFF
TKOLF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TKOLF
NXPGF	0.11	0.41	-0.21	-0.26	0.14	0.0		0.0	0.3	-0.2	NXPGF
SCPJ	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SCPJ
GKPRF	0.42	0.21	0.48	0.14	-0.33	0.0	0.3	0.0		0.21	GKPRF
SEIGY	0.45	-0.05	0.33	0.27	-0.25	0.0	-0.2	0.0	0.21		SEIGY
	CRAWA	AITLF	VLNSF	AUUMF	LPKFF	TKOLF	NXPGF	SCPJ	GKPRF	SEIGY

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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

GKPRF	+ 0.48	VLNSF
SEIGY	+ 0.45	CRAWA
GKPRF	+ 0.42	CRAWA
NXPGF	+ 0.41	AITLF
AUUMF	+ 0.41	VLNSF
SEIGY	+ 0.33	VLNSF

High negative correlations

LPKFF	- 0.75	AUUMF
LPKFF	- 0.74	VLNSF
GKPRF	- 0.33	LPKFF
NXPGF	- 0.26	AUUMF
LPKFF	- 0.26	AITLF
SEIGY	- 0.25	LPKFF

Risk-Adjusted Indicators

There is a big difference between China Pink Sheet performing well and China High 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 High'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
CRAWA	1.06	0.12	0.04	0.38	1.51	(1.72)	4.88	(2.33)	14.71
AITLF	2.00	(0.30)	0.00	(0.40)	0.00	0.00	0.00	0.00	83.33
VLNSF	0.97	0.00	0.00	0.06	0.00	0.00	3.69	(0.86)	32.58
AUUMF	0.33	0.03	0.00	(0.05)	0.00	0.00	0.00	0.00	14.66
LPKFF	1.68	0.11	0.01	0.23	2.80	(6.30)	5.22	(5.93)	26.64
TKOLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NXPGF	1.08	(0.41)	0.00	(0.35)	0.00	0.00	0.00	0.00	26.83
SCPJ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GKPRF	2.13	(0.58)	0.00	(0.37)	0.00	0.00	5.00	(4.38)	14.42
SEIGY	0.50	0.20	0.00	0.88	0.00	0.00	0.00	0.00	13.54

Be your own money manager

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