CITIC Resources Correlations
| CTJHFDelisted Stock | USD 0.08 0.00 0.00% |
The current 90-days correlation between CITIC Resources Holdings and OM Holdings Limited is 0.02 (i.e., Significant diversification). The correlation of CITIC Resources 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.
CITIC Resources Correlation With Market
Average diversification
The correlation between CITIC Resources Holdings and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CITIC Resources Holdings and DJI in the same portfolio, assuming nothing else is changed.
CITIC |
The ability to find closely correlated positions to CITIC Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CITIC Resources 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 CITIC Resources - 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 CITIC Resources Holdings to buy it.
Moving together with CITIC Pink Sheet
| 0.84 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.74 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.78 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.7 | T | ATT Inc Aggressive Push | PairCorr |
| 0.78 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.69 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.67 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.76 | HPQ | HP Inc | PairCorr |
| 0.77 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.71 | WMT | Walmart Aggressive Push | PairCorr |
Moving against CITIC Pink Sheet
| 0.9 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.83 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.7 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.62 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.36 | MMM | 3M Company Fiscal Year End 28th of January 2025 | 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 CITIC Pink Sheet performing well and CITIC Resources 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 CITIC Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHERF | 4.84 | 0.47 | 0.02 | 1.00 | 7.30 | 7.69 | 127.62 | |||
| MLXEF | 3.43 | (0.06) | 0.00 | 0.07 | 4.52 | 12.50 | 34.71 | |||
| IMIMF | 7.91 | 0.85 | 0.04 | 0.76 | 10.14 | 28.74 | 88.20 | |||
| NGLOY | 1.84 | (0.06) | (0.03) | 0.03 | 2.68 | 4.54 | 12.91 | |||
| OMHLF | 0.97 | (0.53) | 0.00 | (2.26) | 0.00 | 0.00 | 32.35 | |||
| CBBHF | 4.82 | (0.25) | 0.00 | (0.04) | 0.00 | 15.60 | 63.51 | |||
| BSRUF | 1.41 | 0.61 | 0.00 | 0.79 | 0.00 | 0.00 | 25.00 | |||
| AVRTF | 2.53 | (1.46) | 0.00 | (1.04) | 0.00 | 0.00 | 84.29 | |||
| AUMTF | 0.60 | 0.03 | 0.00 | 0.54 | 0.00 | 0.00 | 36.67 | |||
| ADTLF | 1.81 | 0.50 | 0.06 | (1.78) | 1.90 | 5.20 | 25.51 |
View CITIC Resources Related Equities
| Risk & Return | Correlation |
CITIC Resources Corporate Management
| Xinli Wang | VP CFO | Profile | |
| Yimin Wang | GM CEO | Profile | |
| Yuan Mou | Chief Engineer | Profile | |
| Chi Wat | Chief Sec | Profile |
Still Interested in CITIC Resources Holdings?
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.