Cathay Pacific Correlations
| CPCAY Stock | USD 6.05 0.08 1.34% |
The current 90-days correlation between Cathay Pacific Airways and Singapore Airlines is 0.1 (i.e., Average diversification). The correlation of Cathay Pacific 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.
Cathay Pacific Correlation With Market
Good diversification
The correlation between Cathay Pacific Airways and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cathay Pacific Airways and DJI in the same portfolio, assuming nothing else is changed.
Cathay |
The ability to find closely correlated positions to Cathay Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cathay Pacific 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 Cathay Pacific - 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 Cathay Pacific Airways to buy it.
Moving together with Cathay Pink Sheet
| 0.73 | DAL | Delta Air Lines Fiscal Year End 10th of January 2025 | PairCorr |
| 0.69 | AIRYY | Air China | PairCorr |
| 0.69 | LUV | Southwest Airlines Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.67 | ZNH | China Southern Airlines | PairCorr |
| 0.61 | PTAIF | PT Astra International | PairCorr |
| 0.8 | LLYVK | Liberty Media | PairCorr |
| 0.73 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.82 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.63 | MRVL | Marvell Technology Earnings Call Tomorrow | PairCorr |
| 0.73 | ALAB | Astera Labs, Common | PairCorr |
| 0.65 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.84 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.7 | DXYZ | Destiny Tech100 | PairCorr |
| 0.63 | ZM | Zoom Video Communications | PairCorr |
| 0.61 | ITRI | Itron Inc | PairCorr |
| 0.76 | CRWD | Crowdstrike Holdings | PairCorr |
| 0.71 | APLD | Applied Blockchain | PairCorr |
| 0.72 | ADSK | Autodesk | PairCorr |
| 0.7 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
Moving against Cathay Pink Sheet
| 0.75 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.68 | BKRKY | Bank Rakyat | PairCorr |
| 0.66 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.66 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.59 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.55 | DIT | AMCON Distributing | PairCorr |
| 0.52 | CEA | China Eastern Airlines | PairCorr |
| 0.42 | AMIX | Autonomix Medical, Common Downward Rally | PairCorr |
| 0.37 | PTAIY | Astra International Tbk | 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
|
Risk-Adjusted Indicators
There is a big difference between Cathay Pink Sheet performing well and Cathay Pacific 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 Cathay Pacific'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SINGF | 1.29 | (0.11) | (0.02) | 0.03 | 2.20 | 4.59 | 15.04 | |||
| JAPSY | 1.08 | 0.24 | 0.07 | (0.74) | 1.06 | 2.95 | 6.06 | |||
| BABWF | 2.86 | 0.63 | 0.05 | (0.65) | 3.64 | 9.97 | 34.52 | |||
| AFLYY | 2.61 | 0.05 | (0.02) | 41.68 | 3.00 | 6.32 | 15.70 | |||
| QABSY | 1.37 | 0.42 | 0.21 | 1.76 | 1.16 | 3.15 | 7.86 | |||
| SINGY | 0.82 | (0.04) | 0.00 | (0.26) | 0.00 | 1.24 | 6.01 | |||
| QUBSF | 1.07 | 0.57 | 0.00 | (1.70) | 0.00 | 4.76 | 14.24 | |||
| CEBUF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FNNNF | 0.47 | (0.06) | 0.00 | 0.45 | 0.00 | 0.00 | 19.58 | |||
| ANZFF | 1.67 | (0.28) | 0.00 | (0.06) | 0.00 | 6.06 | 18.75 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cathay Pacific 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?
Run Volatility Analysis Now
Volatility AnalysisGet historical volatility and risk analysis based on latest market data |
| All Next | Launch Module |
Cathay Pacific Corporate Management
| Kin Tang | CEO Director | Profile | |
| Philippe Lacamp | Chief Officer | Profile | |
| Siu Lam | Chief Director | Profile | |
| Rebecca Sharpe | CFO Director | Profile | |
| Joanna Lai | Group Sec | Profile | |
| Christopher Buckley | Head Service | Profile |