Charter Hall Correlations

CTOUF Stock

USD 15.90 0.08 0.50%

The current 90-days correlation between Charter Hall Group and British Land is 0.35 (i.e., Weak diversification). The correlation of Charter Hall 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.

Charter Hall Correlation With Market

Poor diversification

The correlation between Charter Hall Group and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Charter Hall Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Charter Pink Sheet

0.66	GNTX	Gentex	Pair Corr
0.63	PGEZF	Group Ten Metals	Pair Corr
0.68	ALEEF	Alerio Gold Corp	Pair Corr
0.81	SPLPP	Steel Partners Holdings	Pair Corr
0.87	CRH	CRH PLC ADR	Pair Corr
0.76	NEWTH	NewtekOne 8625 percent	Pair Corr
0.69	06407EAE5	BZLNZ 2285 27	Pair Corr
0.77	ONTF	ON24 Inc	Pair Corr
0.76	ISSC	Innovative Solutions and Earnings Call Today	Pair Corr

Moving against Charter Pink Sheet

0.73	VFSWW	VinFast Auto	Pair Corr
0.66	VICI	VICI Properties	Pair Corr
0.43	STKAF	Stockland Earnings Call This Week	Pair Corr
0.65	POFCY	Petrofac ADR	Pair Corr
0.38	DDDX	3Dx Industries	Pair Corr

Related Correlations Analysis

	BTLCY	BRLAF	KPDCF	DEXSF	TKFOY	UUICF	JRFIF	MAPIF	UTGPF	UOLGF
BTLCY		0.28	-0.65	0.42	0.0	0.0	0.0	0.53	0.65	0.68	BTLCY
BRLAF	0.28		0.01	0.15	0.0	0.0	0.0	0.25	0.38	0.39	BRLAF
KPDCF	-0.65	0.01		-0.41	0.0	0.0	0.0	-0.18	-0.3	-0.4	KPDCF
DEXSF	0.42	0.15	-0.41		0.0	0.0	0.0	0.37	0.44	0.21	DEXSF
TKFOY	0.0	0.0	0.0	0.0		0.0	1.0	0.0	0.0	0.0	TKFOY
UUICF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	UUICF
JRFIF	0.0	0.0	0.0	0.0	1.0	0.0		0.0	0.0	0.0	JRFIF
MAPIF	0.53	0.25	-0.18	0.37	0.0	0.0	0.0		0.82	0.47	MAPIF
UTGPF	0.65	0.38	-0.3	0.44	0.0	0.0	0.0	0.82		0.69	UTGPF
UOLGF	0.68	0.39	-0.4	0.21	0.0	0.0	0.0	0.47	0.69		UOLGF
	BTLCY	BRLAF	KPDCF	DEXSF	TKFOY	UUICF	JRFIF	MAPIF	UTGPF	UOLGF

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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

JRFIF	+ 1.0	TKFOY
UTGPF	+ 0.82	MAPIF
UOLGF	+ 0.69	UTGPF
UOLGF	+ 0.68	BTLCY
UTGPF	+ 0.65	BTLCY
MAPIF	+ 0.53	BTLCY

High negative correlations

KPDCF	- 0.65	BTLCY
DEXSF	- 0.41	KPDCF
UOLGF	- 0.4	KPDCF
UTGPF	- 0.3	KPDCF
MAPIF	- 0.18	KPDCF
UOLGF	- 0.0	JRFIF

Risk-Adjusted Indicators

There is a big difference between Charter Pink Sheet performing well and Charter Hall 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 Charter Hall'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
BTLCY	1.11	0.17	0.08	0.55	1.18	(1.22)	2.58	(1.85)	8.55
BRLAF	2.44	0.26	0.02	0.37	3.34	(9.30)	10.09	(8.85)	35.32
KPDCF	1.36	0.05	(0.01)	(0.04)	3.02	(4.10)	4.12	(3.95)	26.14
DEXSF	1.23	(0.14)	0.00	(0.17)	0.00	0.00	3.27	(5.51)	14.01
TKFOY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UUICF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JRFIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MAPIF	0.63	0.07	0.00	(0.25)	0.00	0.00	1.33	0.00	11.25
UTGPF	0.50	0.15	0.03	(1.02)	0.32	(2.88)	1.87	(0.69)	5.87
UOLGF	1.61	0.67	0.00	334.75	0.00	0.00	6.87	0.00	28.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in Charter Hall 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.

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Charter Hall Corporate Management

Russell CBV	Chief Officer	Profile
Sean McMahon	Chief Investment Officer	Profile
Mark Bryant	General Counsel, Company Secretary	Profile
Sheridan Ware	Chief Officer	Profile
Philip Cheetham	Head Relations	Profile

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