Hi Sun Correlations
| HISNF Stock | USD 0.03 0.00 0.00% |
The correlation of Hi Sun 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.
Hi Sun Correlation With Market
Significant diversification
The correlation between Hi Sun Technology and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hi Sun Technology and DJI in the same portfolio, assuming nothing else is changed.
HISNF |
The ability to find closely correlated positions to Hi Sun could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hi Sun 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 Hi Sun - 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 Hi Sun Technology to buy it.
Moving together with HISNF Pink Sheet
| 0.75 | ADBE | Adobe Systems Fiscal Year End 11th of December 2024 | PairCorr |
| 0.77 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.77 | BKRKY | Bank Rakyat | PairCorr |
| 0.67 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.71 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.64 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.67 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.61 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against HISNF Pink Sheet
| 0.74 | ORCL | Oracle | PairCorr |
| 0.72 | CRWD | Crowdstrike Holdings | PairCorr |
| 0.68 | VMW | VMware Inc | PairCorr |
| 0.66 | FDS | FactSet Research Systems | PairCorr |
| 0.65 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.62 | MZHOF | Mizuho Financial Downward Rally | PairCorr |
| 0.61 | SQ | Block Inc Sell-off Trend | PairCorr |
| 0.55 | SNPS | Synopsys Earnings Call This Week | PairCorr |
| 0.44 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.34 | ESRT | Empire State Realty | PairCorr |
| 0.84 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.81 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.8 | CIADY | China Mengniu Dairy | PairCorr |
| 0.8 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.78 | HD | Home Depot | PairCorr |
| 0.74 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.71 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.69 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.68 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.61 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.54 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.53 | GARPF | Golden Agri Resources | PairCorr |
| 0.46 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.38 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.31 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
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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 HISNF Pink Sheet performing well and Hi Sun 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 Hi Sun'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZRFY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SMME | 17.49 | 3.43 | 0.07 | 1.38 | 17.11 | 100.00 | 150.00 | |||
| WHEN | 25.41 | 6.63 | 0.13 | 5.00 | 19.87 | 100.00 | 150.00 | |||
| PLYZ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TAOP | 5.06 | (0.69) | 0.00 | (0.45) | 0.00 | 12.50 | 43.55 | |||
| GB | 2.70 | 0.39 | 0.07 | 5.43 | 3.54 | 6.48 | 23.79 | |||
| BLIN | 2.08 | 0.53 | 0.13 | (0.70) | 2.10 | 5.50 | 18.09 | |||
| SKKY | 7.34 | 1.83 | 0.11 | (38.64) | 7.17 | 28.21 | 101.26 | |||
| ZENV | 3.61 | 0.04 | (0.02) | 0.53 | 3.94 | 8.94 | 22.26 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hi Sun 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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Hi Sun Corporate Management
| Lok Hui | Group Financial Controller, Joint Company Secretary | Profile | |
| Xiaozhen Liu | Pres Limited | Profile | |
| Huimin Li | Pres OPCO | Profile | |
| HKICPA FCCA | Company Sec | Profile | |
| Changjun Xu | Ex Director | Profile |