KeppelLimited Correlations

KPELF Stock

USD 7.70 0.00 0.00%

The current 90-days correlation between Keppel Limited and Swire Pacific Limited is 0.02 (i.e., Significant diversification). The correlation of KeppelLimited 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.

KeppelLimited Correlation With Market

Very weak diversification

The correlation between Keppel Limited and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keppel Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with KeppelLimited Pink Sheet

0.78	GOOG	Alphabet Class C	Pair Corr
0.7	BMYMP	Bristol Myers Squibb	Pair Corr
0.62	JNJ	Johnson Johnson	Pair Corr
0.71	MRK	Merck Company Aggressive Push	Pair Corr
0.66	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Moving against KeppelLimited Pink Sheet

0.5	HTHIY	Hitachi Ltd ADR	Pair Corr
0.49	NVDA	NVIDIA	Pair Corr
0.48	MSFT	Microsoft	Pair Corr
0.41	MSBHF	Mitsubishi Corp	Pair Corr
0.37	AMZN	Amazon Inc	Pair Corr
0.39	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	SWRBF	SWRAY	WRTBF	EFGSF	SWRAF	VEOEY	OBYCF	EBCOY	ACXIF	KGSPF
SWRBF		-0.05	-0.6	-0.36	-0.72	-0.05	-0.66	0.1	0.1	-0.83	SWRBF
SWRAY	-0.05		0.4	0.25	0.33	0.43	0.61	0.62	0.02	0.1	SWRAY
WRTBF	-0.6	0.4		0.72	0.48	0.53	0.81	0.38	0.34	0.65	WRTBF
EFGSF	-0.36	0.25	0.72		0.26	0.54	0.61	0.51	0.54	0.3	EFGSF
SWRAF	-0.72	0.33	0.48	0.26		-0.1	0.67	-0.02	-0.23	0.53	SWRAF
VEOEY	-0.05	0.43	0.53	0.54	-0.1		0.48	0.7	0.32	0.08	VEOEY
OBYCF	-0.66	0.61	0.81	0.61	0.67	0.48		0.47	0.15	0.62	OBYCF
EBCOY	0.1	0.62	0.38	0.51	-0.02	0.7	0.47		0.39	-0.17	EBCOY
ACXIF	0.1	0.02	0.34	0.54	-0.23	0.32	0.15	0.39		0.07	ACXIF
KGSPF	-0.83	0.1	0.65	0.3	0.53	0.08	0.62	-0.17	0.07		KGSPF
	SWRBF	SWRAY	WRTBF	EFGSF	SWRAF	VEOEY	OBYCF	EBCOY	ACXIF	KGSPF

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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

OBYCF	+ 0.81	WRTBF
EFGSF	+ 0.72	WRTBF
EBCOY	+ 0.7	VEOEY
OBYCF	+ 0.67	SWRAF
KGSPF	+ 0.65	WRTBF
EBCOY	+ 0.62	SWRAY

High negative correlations

KGSPF	- 0.83	SWRBF
SWRAF	- 0.72	SWRBF
OBYCF	- 0.66	SWRBF
WRTBF	- 0.6	SWRBF
EFGSF	- 0.36	SWRBF
ACXIF	- 0.23	SWRAF

Risk-Adjusted Indicators

There is a big difference between KeppelLimited Pink Sheet performing well and KeppelLimited 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 KeppelLimited'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
SWRBF	0.16	(0.09)	0.00	2.09	0.00	0.00	0.00	0.00	5.23
SWRAY	1.04	0.28	0.20	1.56	0.80	(1.28)	2.56	(1.60)	5.84
WRTBF	0.85	0.44	0.00	1.85	0.00	0.00	2.65	0.00	10.60
EFGSF	0.27	0.12	0.00	2.50	0.00	0.00	0.00	0.00	8.47
SWRAF	0.34	0.15	0.00	(0.74)	0.00	0.00	0.00	0.00	9.59
VEOEY	0.91	0.14	0.08	0.39	0.81	(1.04)	2.11	(1.65)	5.08
OBYCF	1.89	0.53	0.19	0.65	1.51	(2.79)	5.10	(3.51)	12.31
EBCOY	2.52	0.23	0.07	0.30	3.12	(2.92)	5.53	(3.68)	16.97
ACXIF	1.18	(0.11)	0.00	(0.28)	0.00	0.00	2.76	(4.85)	14.09
KGSPF	1.86	0.46	0.18	(1.59)	1.44	(2.53)	3.94	(2.84)	15.22

Be your own money manager

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

Cheng Chang	GM Sec	Profile
Tong Ho	Chief Communications	Profile
Eng Tan	Chief Transportation	Profile
Toh Goh	Chief China	Profile
Chang Chiang	Chief Ltd	Profile
Meng Yeo	Director HR	Profile
Soo Tok	Gen Accounts	Profile

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