Swire Properties Correlations

SWPFF Stock

USD 3.35 0.29 9.48%

The current 90-days correlation between Swire Properties and Henderson Land is 0.23 (i.e., Modest diversification). The correlation of Swire Properties 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.

Swire Properties Correlation With Market

Modest diversification

The correlation between Swire Properties Limited and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swire Properties Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Swire Pink Sheet

0.61	VONOY	Vonovia SE ADR	Pair Corr
0.65	BEKE	Ke Holdings	Pair Corr
0.73	CYD	China Yuchai Interna Earnings Call This Week	Pair Corr
0.67	JLHL	Julong Holding	Pair Corr
0.61	PRTS	CarPartsCom	Pair Corr
0.8	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.73	TLOFF	Talon Metals Corp	Pair Corr
0.77	SHIP	Seanergy Maritime	Pair Corr

Moving against Swire Pink Sheet

0.69	CSGP	CoStar Group Earnings Call This Week	Pair Corr
0.5	PBCRY	Bank Central Asia	Pair Corr
0.33	CBRE	CBRE Group Class Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	HLDVF	VTWRF	CHKGF	HNGKY	HLDCY	CNGKY	HKHGF	CAOVF	SURDF	CAOVY
HLDVF		0.0	0.64	0.69	0.64	0.69	0.71	0.44	-0.44	0.69	HLDVF
VTWRF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	VTWRF
CHKGF	0.64	0.0		0.82	0.82	0.84	0.8	0.17	-0.48	0.61	CHKGF
HNGKY	0.69	0.0	0.82		0.72	0.83	0.96	-0.01	-0.63	0.46	HNGKY
HLDCY	0.64	0.0	0.82	0.72		0.82	0.71	0.21	-0.34	0.76	HLDCY
CNGKY	0.69	0.0	0.84	0.83	0.82		0.83	0.17	-0.45	0.72	CNGKY
HKHGF	0.71	0.0	0.8	0.96	0.71	0.83		0.0	-0.63	0.49	HKHGF
CAOVF	0.44	0.0	0.17	-0.01	0.21	0.17	0.0		0.15	0.47	CAOVF
SURDF	-0.44	0.0	-0.48	-0.63	-0.34	-0.45	-0.63	0.15		-0.24	SURDF
CAOVY	0.69	0.0	0.61	0.46	0.76	0.72	0.49	0.47	-0.24		CAOVY
	HLDVF	VTWRF	CHKGF	HNGKY	HLDCY	CNGKY	HKHGF	CAOVF	SURDF	CAOVY

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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

HKHGF	+ 0.96	HNGKY
CNGKY	+ 0.84	CHKGF
CNGKY	+ 0.83	HNGKY
HKHGF	+ 0.83	CNGKY
HNGKY	+ 0.82	CHKGF
HLDCY	+ 0.82	CHKGF

High negative correlations

SURDF	- 0.63	HKHGF
SURDF	- 0.63	HNGKY
SURDF	- 0.48	CHKGF
SURDF	- 0.45	CNGKY
SURDF	- 0.44	HLDVF
SURDF	- 0.34	HLDCY

Risk-Adjusted Indicators

There is a big difference between Swire Pink Sheet performing well and Swire Properties 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 Swire Properties' 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
HLDVF	0.93	0.23	0.00	(0.77)	0.00	0.00	4.51	(1.32)	19.13
VTWRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHKGF	1.22	0.11	0.00	0.19	0.00	0.00	3.50	(4.03)	24.17
HNGKY	1.70	0.53	0.27	(3.86)	1.38	(2.09)	4.36	(3.03)	10.67
HLDCY	1.43	0.14	0.06	0.43	1.60	(1.69)	3.20	(3.11)	8.08
CNGKY	2.31	0.24	0.06	0.34	3.16	(2.12)	4.62	(5.15)	17.15
HKHGF	1.89	0.68	0.15	(2.31)	1.24	(6.31)	7.47	(2.68)	23.37
CAOVF	0.80	(0.05)	(0.01)	(0.01)	1.50	(13.21)	0.00	(3.53)	32.14
SURDF	9.56	2.00	0.05	(1.24)	13.02	(33.48)	7.47	(44.45)	152.34
CAOVY	2.20	0.13	0.05	0.16	2.75	(2.46)	4.79	(5.65)	15.20

Be your own money manager

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

Guobang Peng	Chief China	Profile
Timothy Blackburn	CEO Director	Profile
Elizabeth Kok	Director Devel	Profile
Dean Winter	Managing Hotels	Profile
Bernadette Lomas	Company Sec	Profile
Christine Ling	Director HR	Profile
Ngan CPA	Fin Director	Profile

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