Kerry Logistics Correlations

KRRYF Stock

USD 1.00 0.82 45.05%

The current 90-days correlation between Kerry Logistics Network and NVIDIA is 0.43 (i.e., Very weak diversification). The correlation of Kerry Logistics 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.

Kerry Logistics Correlation With Market

Modest diversification

The correlation between Kerry Logistics Network and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kerry Logistics Network and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	LGCY	AAPL	NVDA	MSFT	AMZN	BMYMP	GOOG	META
LGCY		-0.26	-0.49	0.02	-0.18	-0.05	-0.48	-0.72	LGCY
AAPL	-0.26		0.52	0.22	0.26	0.38	0.31	0.53	AAPL
NVDA	-0.49	0.52		0.08	0.74	0.71	0.81	0.71	NVDA
MSFT	0.02	0.22	0.08		0.31	-0.19	0.1	0.26	MSFT
AMZN	-0.18	0.26	0.74	0.31		0.69	0.8	0.53	AMZN
BMYMP	-0.05	0.38	0.71	-0.19	0.69		0.59	0.28	BMYMP
GOOG	-0.48	0.31	0.81	0.1	0.8	0.59		0.67	GOOG
META	-0.72	0.53	0.71	0.26	0.53	0.28	0.67		META
	LGCY	AAPL	NVDA	MSFT	AMZN	BMYMP	GOOG	META

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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

GOOG	+ 0.81	NVDA
GOOG	+ 0.8	AMZN
AMZN	+ 0.74	NVDA
BMYMP	+ 0.71	NVDA
META	+ 0.71	NVDA
BMYMP	+ 0.69	AMZN

High negative correlations

META	- 0.72	LGCY
NVDA	- 0.49	LGCY
GOOG	- 0.48	LGCY
AAPL	- 0.26	LGCY
BMYMP	- 0.19	MSFT
AMZN	- 0.18	LGCY

Risk-Adjusted Indicators

There is a big difference between Kerry OTC Stock performing well and Kerry Logistics OTC Stock 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 Kerry Logistics' 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
LGCY	3.51	1.63	0.36	4.85	3.02	(4.48)	10.85	(5.42)	22.33
AAPL	0.92	0.01	(0.04)	0.15	1.20	(0.94)	1.84	(2.25)	6.62
NVDA	2.17	0.03	0.02	0.15	3.08	(2.12)	4.07	(4.69)	12.87
MSFT	0.90	(0.04)	(0.05)	0.07	1.50	(0.86)	2.09	(1.85)	8.19
AMZN	1.44	0.16	0.10	0.26	1.50	(1.58)	3.18	(3.06)	10.38
BMYMP	1.49	0.45	0.00	(8.87)	0.00	0.00	3.84	(0.07)	21.01
GOOG	1.18	(0.03)	(0.04)	0.08	1.84	(1.04)	2.21	(2.47)	8.60
META	1.07	0.07	0.02	0.23	1.41	(1.14)	2.62	(3.15)	8.02

Be your own money manager

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

Elected by the shareholders, the Kerry Logistics' board of directors comprises two types of representatives: Kerry Logistics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kerry. The board's role is to monitor Kerry Logistics' management team and ensure that shareholders' interests are well served. Kerry Logistics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kerry Logistics' outside directors are responsible for providing unbiased perspectives on the board's policies.

Pui Lee	Company Secretary	Profile
ACA FCCA	Chief Officer	Profile
Ping Cheung	Ex MD	Profile
Parkes Leslie	Managing Logistics	Profile
Mathieu RenardBiron	Managing Forwarding	Profile

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