China Merchants Correlations
| CIHKY Stock | USD 23.18 0.09 0.39% |
The current 90-days correlation between China Merchants Bank and China Everbright Bank is 0.03 (i.e., Significant diversification). The correlation of China Merchants 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. If the correlation is 0, the equities are not correlated; they are entirely random.
China Merchants Correlation With Market
Good diversification
The correlation between China Merchants Bank and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Merchants Bank and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to China Merchants 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 Merchants 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 Merchants - 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 Merchants Bank to buy it.
Moving together with China Pink Sheet
| 0.68 | CIHHF | China Merchants Bank | PairCorr |
| 0.67 | USB-PH | US Bancorp | PairCorr |
| 0.64 | NVDA | NVIDIA | PairCorr |
| 0.75 | HD | Home Depot | PairCorr |
| 0.71 | HPQ | HP Inc | PairCorr |
| 0.81 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.8 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.61 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.63 | CSCO | Cisco Systems | PairCorr |
Moving against China Pink Sheet
| 0.78 | RIVN | Rivian Automotive Sell-off Trend | PairCorr |
| 0.73 | BBAS3 | Banco do Brasil | PairCorr |
| 0.49 | LCID | Lucid Group | PairCorr |
| 0.33 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.56 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.47 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.41 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.38 | KO | Coca Cola Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 China Pink Sheet performing well and China Merchants 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 Merchants' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CEBCF | 1.17 | 0.66 | 0.00 | (0.65) | 0.00 | 0.00 | 39.29 | |||
| CIHHF | 1.91 | 0.45 | 0.00 | (0.32) | 0.00 | 0.00 | 68.58 | |||
| PSBKF | 0.53 | 0.28 | 0.00 | (1.07) | 0.00 | 0.00 | 17.65 | |||
| CHCJY | 1.86 | 0.25 | 0.00 | 0.72 | 0.00 | 7.93 | 31.16 | |||
| CHBJF | 1.12 | 0.53 | 0.00 | 1.30 | 0.00 | 0.00 | 30.95 | |||
| CWBC | 1.00 | 0.03 | 0.03 | 0.11 | 1.11 | 2.53 | 9.14 | |||
| BPHLY | 1.01 | 0.01 | (0.01) | 0.11 | 2.12 | 4.87 | 22.18 | |||
| BHKLY | 1.24 | 0.19 | 0.04 | (0.47) | 1.48 | 2.88 | 7.88 | |||
| BDOUY | 1.87 | (0.06) | 0.00 | 0.41 | 0.00 | 3.84 | 10.45 |
Be your own money manager
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China Merchants Corporate Management
| Xiaoqing Wang | Ex Pres | Profile | |
| Shunhua Shi | Deputy Head of the Bank | Profile | |
| FCCA CPA | Qualified Accountant | Profile | |
| Jiangtao Msc | Chief VP | Profile | |
| Delin Li | Ex VP | Profile | |
| Liang Wang | Deputy Head of the Bank | Profile | |
| Hui Liu | Ex Pres | Profile |