China Construction Correlations

CICHF Stock

USD 0.74 0.01 1.37%

The current 90-days correlation between China Construction Bank and Agricultural Bank is 0.08 (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

Good diversification

The correlation between China Construction Bank and DJI is -0.02 (i.e., Good 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 Pink Sheet

0.64	IDCBF	Industrial and Commercial	Pair Corr
0.75	IDCBY	Industrial Commercial	Pair Corr
0.69	WFC-PY	Wells Fargo	Pair Corr
0.71	SSNLF	Samsung Electronics	Pair Corr
0.74	PYPL	PayPal Holdings	Pair Corr
0.72	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.71	DUOL	Duolingo	Pair Corr
0.61	CHH	Choice Hotels Intern	Pair Corr
0.68	BMO	Bank of Montreal Fiscal Year End 6th of December 2024	Pair Corr
0.67	UEC	Uranium Energy Corp	Pair Corr

Moving against China Pink Sheet

0.55	VLD	Velo3D Inc	Pair Corr
0.41	QSI	QuantumSi	Pair Corr

Related Correlations Analysis

	SVNLY	ANZGY	WEBNF	NAUBF	ACGBF	BML-PG	BML-PJ	WFC-PY	BML-PL
SVNLY		0.14	0.15	0.14	0.21	0.04	-0.13	-0.16	0.12	SVNLY
ANZGY	0.14		0.76	0.45	0.21	0.54	0.51	0.41	0.66	ANZGY
WEBNF	0.15	0.76		0.44	0.09	0.47	0.42	0.31	0.49	WEBNF
NAUBF	0.14	0.45	0.44		0.28	0.48	0.58	0.49	0.56	NAUBF
ACGBF	0.21	0.21	0.09	0.28		0.61	0.63	0.66	0.73	ACGBF
BML-PG	0.04	0.54	0.47	0.48	0.61		0.81	0.71	0.84	BML-PG
BML-PJ	-0.13	0.51	0.42	0.58	0.63	0.81		0.95	0.9	BML-PJ
WFC-PY	-0.16	0.41	0.31	0.49	0.66	0.71	0.95		0.84	WFC-PY
BML-PL	0.12	0.66	0.49	0.56	0.73	0.84	0.9	0.84		BML-PL
	SVNLY	ANZGY	WEBNF	NAUBF	ACGBF	BML-PG	BML-PJ	WFC-PY	BML-PL

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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

WFC-PY	+ 0.95	BML-PJ
BML-PL	+ 0.9	BML-PJ
BML-PL	+ 0.84	BML-PG
BML-PL	+ 0.84	WFC-PY
BML-PJ	+ 0.81	BML-PG
WEBNF	+ 0.76	ANZGY

High negative correlations

WFC-PY	- 0.16	SVNLY
BML-PJ	- 0.13	SVNLY

Risk-Adjusted Indicators

There is a big difference between China Pink Sheet 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SVNLY	0.99	0.02	(0.06)	0.00	1.26	(1.00)	1.56	(2.10)	10.17
ANZGY	0.83	0.11	0.02	(1.02)	0.76	(1.02)	1.79	(1.32)	5.68
WEBNF	2.37	0.26	0.04	(0.99)	2.98	(2.61)	6.13	(5.33)	13.54
NAUBF	1.31	0.10	0.00	(1.67)	2.60	(3.72)	3.33	(2.79)	24.71
ACGBF	1.11	0.19	0.00	1.60	0.00	0.00	2.22	(2.17)	24.29
BML-PG	0.41	0.05	(0.07)	(0.20)	0.51	(0.42)	0.97	(1.00)	2.56
BML-PJ	0.38	0.06	(0.05)	(7.46)	0.35	(0.42)	0.85	(0.84)	2.24
WFC-PY	0.31	0.04	(0.10)	16.70	0.25	(0.37)	0.71	(0.60)	1.97
BML-PL	0.44	0.11	0.05	19.19	0.32	(0.50)	0.90	(0.79)	2.91

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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

Min Zhang	Ex VP	Profile
Jinliang Zhang	Pres Chairman	Profile
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