CLP Holdings Correlations
| CLPHY Stock | USD 8.39 0.08 0.94% |
The current 90-days correlation between CLP Holdings and Hong Kong and is 0.06 (i.e., Significant diversification). The correlation of CLP Holdings 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.
CLP Holdings Correlation With Market
Average diversification
The correlation between CLP Holdings and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CLP Holdings and DJI in the same portfolio, assuming nothing else is changed.
CLP |
The ability to find closely correlated positions to CLP Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CLP Holdings 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 CLP Holdings - 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 CLP Holdings to buy it.
Moving together with CLP Pink Sheet
| 0.84 | NGG | National Grid PLC | PairCorr |
| 0.72 | AEP | American Electric Power | PairCorr |
| 0.66 | NGGTF | National Grid plc | PairCorr |
| 0.87 | BKRKY | Bank Rakyat | PairCorr |
| 0.72 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.8 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.68 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.84 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.76 | EC | Ecopetrol SA ADR | PairCorr |
| 0.83 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.61 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against CLP Pink Sheet
| 0.81 | SSNLF | Samsung Electronics | PairCorr |
| 0.59 | PCG | PGE Corp Aggressive Push | PairCorr |
| 0.47 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.35 | PEG | Public Service Enterprise | PairCorr |
| 0.78 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.75 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.7 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.69 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.65 | HPQ | HP Inc | PairCorr |
| 0.62 | WMT | Walmart Aggressive Push | PairCorr |
| 0.56 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.54 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.51 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.49 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| -0.01 | 0.07 | 0.44 | 0.35 | HOKCY | ||
| -0.01 | -0.44 | -0.37 | -0.45 | HGKGY | ||
| 0.07 | -0.44 | 0.55 | 0.81 | SWRAY | ||
| 0.44 | -0.37 | 0.55 | 0.78 | SUHJY | ||
| 0.35 | -0.45 | 0.81 | 0.78 | HSNGY | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between CLP Pink Sheet performing well and CLP Holdings 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 CLP Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HOKCY | 3.65 | 0.14 | (0.02) | (0.03) | 4.39 | 8.33 | 28.73 | |||
| HGKGY | 1.15 | (0.02) | 0.00 | 0.19 | 0.00 | 2.83 | 6.76 | |||
| SWRAY | 1.27 | 0.01 | (0.05) | (0.08) | 2.13 | 2.59 | 11.08 | |||
| SUHJY | 1.16 | 0.00 | 0.02 | 0.00 | 1.54 | 2.47 | 12.09 | |||
| HSNGY | 1.38 | 0.01 | (0.02) | 0.13 | 1.86 | 3.42 | 11.27 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CLP Holdings 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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CLP Holdings Corporate Management
| Richard BE | CEO Director | Profile | |
| JP BSSc | Chief Officer | Profile | |
| LLB BCom | Group Officer | Profile | |
| Nicolas Tissot | Chief Officer | Profile | |
| MBA MBA | Managing India | Profile | |
| BSc CEng | Managing China | Profile | |
| David Smales | Chief Officer | Profile |