Hongkong Correlations
| HSG Stock | EUR 0.75 0.01 1.35% |
The current 90-days correlation between The Hongkong and Host Hotels Resorts is 0.05 (i.e., Significant diversification). The correlation of Hongkong 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.
Hongkong Correlation With Market
Very good diversification
The correlation between The Hongkong and and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hongkong and and DJI in the same portfolio, assuming nothing else is changed.
Hongkong |
The ability to find closely correlated positions to Hongkong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hongkong 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 Hongkong - 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 The Hongkong and to buy it.
Moving together with Hongkong Stock
| 0.75 | MAQ | Marriott International | PairCorr |
| 0.74 | HI91 | Hilton Worldwide Holdings | PairCorr |
| 0.78 | 1HTA | Hyatt Hotels | PairCorr |
| 0.83 | IC1H | InterContinental Hotels | PairCorr |
| 0.83 | IC1B | INTERCONT HOTELS | PairCorr |
| 0.8 | ACR1 | ACCOR SPADR NEW | PairCorr |
| 0.8 | ACR | Accor SA | PairCorr |
| 0.79 | 2WY | Wyndham Hotels Resorts | PairCorr |
| 0.63 | CZH | Choice Hotels Intern | PairCorr |
| 0.8 | LIE | Sun Life Financial | PairCorr |
| 0.65 | E908 | Lyxor 1 | PairCorr |
| 0.66 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Hongkong Stock
| 0.75 | 5TI | TINC Comm VA | PairCorr |
| 0.73 | ADC | AdCapital AG | PairCorr |
| 0.72 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.71 | CL4A | H World Group | PairCorr |
| 0.55 | KWE1 | Ring Energy | PairCorr |
| 0.54 | LPS1 | Lenox Pasifik Investama | PairCorr |
Related Correlations Analysis
| 0.42 | 0.65 | 0.93 | 0.67 | 0.85 | 0.77 | HMT | ||
| 0.42 | 0.19 | 0.32 | 0.43 | 0.39 | 0.31 | 47U | ||
| 0.65 | 0.19 | 0.72 | 0.4 | 0.78 | 0.88 | DHG | ||
| 0.93 | 0.32 | 0.72 | 0.55 | 0.88 | 0.84 | HIP | ||
| 0.67 | 0.43 | 0.4 | 0.55 | 0.59 | 0.48 | E6Q | ||
| 0.85 | 0.39 | 0.78 | 0.88 | 0.59 | 0.83 | 5B9 | ||
| 0.77 | 0.31 | 0.88 | 0.84 | 0.48 | 0.83 | AW8 | ||
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Risk-Adjusted Indicators
There is a big difference between Hongkong Stock performing well and Hongkong 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 Hongkong'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HMT | 1.20 | 0.09 | 0.05 | 1.33 | 1.39 | 2.85 | 12.81 | |||
| 47U | 2.83 | 0.19 | 0.03 | 0.24 | 3.38 | 6.82 | 26.00 | |||
| DHG | 1.37 | 0.09 | 0.03 | (0.47) | 2.41 | 3.85 | 20.89 | |||
| HIP | 1.36 | 0.15 | 0.07 | 3.32 | 1.46 | 3.43 | 14.70 | |||
| E6Q | 1.88 | 0.31 | 0.15 | 1.11 | 1.72 | 4.90 | 9.16 | |||
| 5B9 | 1.02 | 0.25 | 0.22 | (0.61) | 0.77 | 2.00 | 6.02 | |||
| AW8 | 1.52 | 0.66 | 0.31 | 4.60 | 0.75 | 3.36 | 26.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hongkong 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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Hongkong Corporate Management
Elected by the shareholders, the Hongkong's board of directors comprises two types of representatives: Hongkong inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hongkong. The board's role is to monitor Hongkong's management team and ensure that shareholders' interests are well served. Hongkong's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hongkong's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sindy Tsui | Group Board | Profile | |
| Shane Izaks | Group Board | Profile | |
| Maria RazumichZec | Member VP | Profile | |
| Gareth Roberts | Group Board | Profile | |
| Yi Liao | Gen Legal | Profile | |
| Shih Ip | Member CFO | Profile | |
| Joseph Chong | MD Hotels | Profile |