Hang Seng Correlations

HSNGF Stock  USD 12.05  0.00  0.00%   
The current 90-days correlation between Hang Seng Bank and Danske Bank AS is -0.15 (i.e., Good diversification). The correlation of Hang Seng 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.

Hang Seng Correlation With Market

Good diversification

The correlation between Hang Seng Bank and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hang Seng Bank and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Hang Seng could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hang Seng 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 Hang Seng - 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 Hang Seng Bank to buy it.

Moving together with Hang Pink Sheet

  0.77CIHKY China Merchants BankPairCorr
  0.78CIHHF China Merchants BankPairCorr
  0.69XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr

Moving against Hang Pink Sheet

  0.6BBAS3 Banco do BrasilPairCorr
  0.48MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.34KO Coca Cola Sell-off TrendPairCorr

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   
AGRPFISDAY
BAOBISDAY
AGRPFBAOB
JYSKYISDAY
JYSKYBAOB
JYSKYDNKEY
  
High negative correlations   
DNKEYISDAY
AGRPFDNKEY
DNKEYBAOB
AGRPFJYSKY
JYSKYDNKEY
JYSKYBAOB

Risk-Adjusted Indicators

There is a big difference between Hang Pink Sheet performing well and Hang Seng 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 Hang Seng'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hang Seng 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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Hang Seng Corporate Management

Say SawCFO DirectorProfile
Wai ChiuChief OfficerProfile
Lok HoHead HRProfile
Yin LamHead - Corporate and Commercial BankingProfile
Chi LiGeneral Counsel, Company SecretaryProfile
Ching ShingChief OfficerProfile
Diana JPChief DirectorProfile