Oversea-Chinese BankingLimited Correlations
| OCBA Stock | EUR 11.72 0.08 0.68% |
The current 90-days correlation between Oversea-Chinese BankingLimited and MEDICAL FACILITIES NEW is 0.02 (i.e., Significant diversification). The correlation of Oversea-Chinese BankingLimited 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.
Oversea-Chinese BankingLimited Correlation With Market
Modest diversification
The correlation between Oversea Chinese Banking and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oversea Chinese Banking and DJI in the same portfolio, assuming nothing else is changed.
Oversea-Chinese |
The ability to find closely correlated positions to Oversea-Chinese BankingLimited could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oversea-Chinese BankingLimited 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 Oversea-Chinese BankingLimited - 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 Oversea Chinese Banking to buy it.
Moving together with Oversea-Chinese Stock
| 0.76 | BBK | Truist Financial | PairCorr |
| 0.96 | OCBB | OVERSEA CHINUNSPADR/2 | PairCorr |
| 0.93 | UOB0 | UTD OV BK | PairCorr |
| 0.66 | XTP | Sino AG | PairCorr |
| 0.86 | 74F | LIFE BANC SPLIT | PairCorr |
| 0.72 | UN3 | United Natural Foods | PairCorr |
Moving against Oversea-Chinese Stock
| 0.81 | 0KJ | ABERFORTH SMCOS TRLS | PairCorr |
| 0.67 | SG9 | Strix Group Plc | PairCorr |
| 0.58 | SEBA | Skandinaviska Enskilda | PairCorr |
| 0.58 | RFC4 | COPAUR MINERALS INC | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Oversea-Chinese Stock performing well and Oversea-Chinese BankingLimited 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 Oversea-Chinese BankingLimited'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 31F | 1.51 | 0.31 | 0.11 | (6.28) | 1.39 | 3.59 | 11.59 | |||
| WE7 | 1.59 | 0.28 | 0.10 | 0.89 | 1.58 | 3.59 | 10.84 | |||
| DMN | 2.81 | (0.70) | 0.00 | (0.70) | 0.00 | 5.74 | 15.68 | |||
| S8M | 2.07 | (0.63) | 0.00 | (14.05) | 0.00 | 3.33 | 14.44 | |||
| CLM | 2.88 | 0.12 | 0.02 | 0.27 | 2.84 | 9.30 | 25.87 | |||
| COP | 1.75 | (0.21) | 0.00 | (0.25) | 0.00 | 3.95 | 12.99 | |||
| 5PMA | 3.56 | (0.08) | 0.00 | 0.89 | 0.00 | 8.70 | 24.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Oversea-Chinese BankingLimited 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?
Run Stock Tickers Now
Stock TickersUse high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |
| All Next | Launch Module |
Oversea-Chinese BankingLimited Corporate Management
Elected by the shareholders, the Oversea-Chinese BankingLimited's board of directors comprises two types of representatives: Oversea-Chinese BankingLimited inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Oversea-Chinese. The board's role is to monitor Oversea-Chinese BankingLimited's management team and ensure that shareholders' interests are well served. Oversea-Chinese BankingLimited'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, Oversea-Chinese BankingLimited's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pik Wong | Group Officer | Profile | |
| Ching Koh | Head Communications | Profile | |
| Collins Chin | Head Relations | Profile | |
| Yuen Ling | Exec Compliance | Profile | |
| Khiang Lim | Group Officer | Profile | |
| David Cheng | Head Fin | Profile | |
| Chin Goh | Group Officer | Profile |