CITIC Securities Correlations
| CI9 Stock | EUR 3.10 0.04 1.31% |
The correlation of CITIC Securities 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.
CITIC Securities Correlation With Market
Very weak diversification
The correlation between CITIC Securities and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CITIC Securities and DJI in the same portfolio, assuming nothing else is changed.
CITIC |
The ability to find closely correlated positions to CITIC Securities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CITIC Securities 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 CITIC Securities - 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 CITIC Securities to buy it.
Moving together with CITIC Stock
| 0.61 | M83 | Middle Island Resources | PairCorr |
| 0.64 | PYCP | Minera Alamos Split | PairCorr |
| 0.69 | 10N | Enter Air SA | PairCorr |
| 0.65 | LA3A | Laureate Education | PairCorr |
| 0.63 | 30Z0 | IPERIONX LTD SPADR10 | PairCorr |
| 0.65 | SZG | Salzgitter AG | PairCorr |
| 0.64 | RATV | Raisio plc | PairCorr |
| 0.72 | 485B | Amcor PLC Split | PairCorr |
| 0.63 | 7GA | Gestamp Automoción Earnings Call This Week | PairCorr |
| 0.66 | 2G0 | Food Life Companies | PairCorr |
| 0.67 | SKNB | Skanska AB | PairCorr |
| 0.79 | 6VD | BD MULTI MEDIA Split | PairCorr |
Moving against CITIC Stock
| 0.63 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.55 | 3HB | Hybrigenics Societe | PairCorr |
| 0.42 | 4AH1 | PT Ace Hardware | 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 CITIC Stock performing well and CITIC Securities 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 CITIC Securities' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PQ90 | 3.21 | 0.19 | 0.03 | 0.33 | 4.11 | 11.49 | 42.92 | |||
| PQ9 | 4.85 | 0.27 | 0.04 | 0.16 | 5.73 | 17.39 | 40.26 | |||
| BYRA | 3.70 | 0.30 | 0.02 | (0.14) | 4.07 | 11.11 | 26.67 | |||
| 6GAA | 1.92 | 0.04 | (0.01) | (0.36) | 2.25 | 5.31 | 20.33 | |||
| KSF1 | 1.89 | 0.39 | 0.16 | 2.05 | 1.74 | 5.33 | 11.07 | |||
| KBIA | 1.73 | 0.54 | 0.26 | 1.01 | 1.32 | 5.75 | 11.24 | |||
| 2WGA | 2.40 | 0.65 | 0.24 | 0.95 | 2.14 | 7.08 | 19.36 | |||
| LFL0 | 2.06 | 0.41 | 0.14 | 0.77 | 2.33 | 4.21 | 13.43 | |||
| BSA | 2.16 | 0.25 | 0.06 | 4.55 | 2.86 | 4.38 | 14.55 | |||
| G4RA | 2.02 | 0.26 | 0.07 | (0.92) | 2.37 | 4.94 | 10.60 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CITIC Securities 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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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
| All Next | Launch Module |
CITIC Securities Corporate Management
Elected by the shareholders, the CITIC Securities' board of directors comprises two types of representatives: CITIC Securities inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CITIC. The board's role is to monitor CITIC Securities' management team and ensure that shareholders' interests are well served. CITIC Securities' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CITIC Securities' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yao Ma | Head Committee | Profile | |
| Hao Zhang | Chief Officer | Profile | |
| Jirui Xue | Head Line | Profile | |
| Guoming Zhang | Chief Compliance Officer | Profile | |
| Yi Sun | Head Committee | Profile | |
| Yuxiang Gao | Head Group | Profile | |
| Yongjin Li | Director Office | Profile |