COSCO SHIPPING Correlations

Summary

CITAFDelisted Stock

USD 0.11 0.00 0.00%

The current 90-days correlation between COSCO SHIPPING Devel and SITC International Holdings is -0.07 (i.e., Good diversification). The correlation of COSCO SHIPPING 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.

COSCO SHIPPING Correlation With Market

Significant diversification

The correlation between COSCO SHIPPING Development and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding COSCO SHIPPING Development and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to COSCO SHIPPING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COSCO SHIPPING 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 COSCO SHIPPING - 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 COSCO SHIPPING Development to buy it.

Moving together with COSCO Pink Sheet

0.7	LCID	Lucid Group Aggressive Push	Pair Corr
0.64	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.69	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against COSCO Pink Sheet

0.74	AMZN	Amazon Inc	Pair Corr
0.65	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.64	GOOG	Alphabet Class C	Pair Corr
0.57	META	Meta Platforms Aggressive Push	Pair Corr
0.56	NVDA	NVIDIA	Pair Corr
0.53	FNMA	Federal National Mortgage Buyout Trend	Pair Corr
0.51	BMYMP	Bristol Myers Squibb	Pair Corr
0.51	HD	Home Depot	Pair Corr
0.68	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.68	WMT	Walmart Aggressive Push	Pair Corr
0.66	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.65	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.61	DIS	Walt Disney Aggressive Push	Pair Corr
0.59	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.55	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.54	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.5	HPQ	HP Inc	Pair Corr
0.31	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	SITIY	OROVF	CICOF	PCFBY	OROVY	CICOY	SITIF	WSSTF	MSLOY	AMKAF
SITIY		-0.45	0.63	0.2	0.6	0.79	0.26	-0.49	0.07	0.63	SITIY
OROVF	-0.45		-0.09	0.15	-0.01	-0.27	-0.69	0.27	0.2	-0.1	OROVF
CICOF	0.63	-0.09		0.51	0.75	0.84	-0.04	-0.41	-0.13	0.46	CICOF
PCFBY	0.2	0.15	0.51		0.51	0.5	-0.29	-0.02	-0.14	0.18	PCFBY
OROVY	0.6	-0.01	0.75	0.51		0.82	-0.15	-0.43	0.01	0.61	OROVY
CICOY	0.79	-0.27	0.84	0.5	0.82		0.0	-0.35	-0.06	0.61	CICOY
SITIF	0.26	-0.69	-0.04	-0.29	-0.15	0.0		-0.63	0.2	0.22	SITIF
WSSTF	-0.49	0.27	-0.41	-0.02	-0.43	-0.35	-0.63		-0.26	-0.54	WSSTF
MSLOY	0.07	0.2	-0.13	-0.14	0.01	-0.06	0.2	-0.26		0.53	MSLOY
AMKAF	0.63	-0.1	0.46	0.18	0.61	0.61	0.22	-0.54	0.53		AMKAF
	SITIY	OROVF	CICOF	PCFBY	OROVY	CICOY	SITIF	WSSTF	MSLOY	AMKAF

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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

CICOY	+ 0.84	CICOF
CICOY	+ 0.82	OROVY
CICOY	+ 0.79	SITIY
OROVY	+ 0.75	CICOF
CICOF	+ 0.63	SITIY
AMKAF	+ 0.63	SITIY

High negative correlations

SITIF	- 0.69	OROVF
WSSTF	- 0.63	SITIF
AMKAF	- 0.54	WSSTF
WSSTF	- 0.49	SITIY
OROVF	- 0.45	SITIY
WSSTF	- 0.43	OROVY

Risk-Adjusted Indicators

There is a big difference between COSCO Pink Sheet performing well and COSCO SHIPPING 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 COSCO SHIPPING'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
SITIY	4.85	0.78	0.05	(0.41)	5.78	(9.03)	13.58	(16.76)	44.75
OROVF	0.81	(0.35)	0.00	(0.33)	0.00	0.00	0.07	(1.79)	16.50
CICOF	3.13	0.30	0.02	1.74	4.42	(5.76)	6.76	(6.67)	31.68
PCFBY	2.66	0.20	0.01	(0.70)	3.51	(4.79)	9.55	(7.25)	35.64
OROVY	1.83	0.17	0.01	(1.59)	2.38	(3.94)	5.79	(5.90)	15.90
CICOY	2.30	0.28	0.04	(1.39)	2.88	(2.64)	4.55	(4.30)	13.70
SITIF	1.76	0.78	0.00	(0.85)	0.00	0.00	2.15	0.00	48.89
WSSTF	1.13	(0.54)	0.00	1.17	0.00	0.00	0.00	0.00	30.13
MSLOY	1.42	0.05	(0.04)	(0.26)	2.18	(1.31)	2.98	(2.82)	10.51
AMKAF	1.45	0.20	0.02	(2.89)	2.03	(3.16)	3.45	(3.61)	24.11

COSCO SHIPPING Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with COSCO SHIPPING pink sheet to make a market-neutral strategy. Peer analysis of COSCO SHIPPING could also be used in its relative valuation, which is a method of valuing COSCO SHIPPING by comparing valuation metrics with similar companies.

SITC International Holdings Orient Overseas Limited COSCO SHIPPING Holdings Pacific Basin Shipping Orient Overseas International COSCO SHIPPING Holdings SITC International Holdings Western Bulk Chartering Mitsui OSK Lines AP Moeller Hapag Lloyd Aktiengesellschaft AP Moeller Maersk AS Nippon Yusen Kabushiki MPC Container Ships American Airlines Group

Risk & Return

Correlation

COSCO SHIPPING Corporate Management

Mingming Zhang	Head Department	Profile
Lei Cai	Joint Sec	Profile
Dong Ming	Deputy General Manager	Profile
Mingwen Zhang	Chief Accountant and Financial Controller	Profile
ACIS ACS	Joint Sec	Profile
Feng Lin	Chief Accountant	Profile

Still Interested in COSCO SHIPPING Development?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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