Swire Pacific Correlations

SWRAY Stock

USD 10.38 0.16 1.57%

The current 90-days correlation between Swire Pacific and Aeroports de Paris is 0.05 (i.e., Significant diversification). The correlation of Swire Pacific 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Swire Pacific Correlation With Market

Very weak diversification

The correlation between Swire Pacific and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swire Pacific and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Swire Pacific 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 Pacific 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 Pacific - 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 Pacific to buy it.

Moving together with Swire Pink Sheet

0.92	HON	Honeywell International	Pair Corr
0.9	MSBHF	Mitsubishi Corp	Pair Corr
0.62	HTHIY	Hitachi Ltd ADR	Pair Corr
0.77	MITSY	Mitsui Company	Pair Corr
0.74	MITSF	Mitsui Co	Pair Corr
0.75	ITOCF	ITOCHU Downward Rally	Pair Corr
0.73	ITOCY	Itochu Corp ADR	Pair Corr
0.66	CTPCY	Citic Ltd ADR	Pair Corr
0.86	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.88	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.78	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.78	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.89	KB	KB Financial Group	Pair Corr
0.86	MFG	Mizuho Financial	Pair Corr
0.85	MZHOF	Mizuho Financial	Pair Corr
0.89	SHG	Shinhan Financial	Pair Corr
0.67	BLAGF	Blue Lagoon Resources	Pair Corr
0.87	MEGI	MainStay CBRE Global	Pair Corr
0.66	MEEEF	Metal Energy Corp	Pair Corr
0.78	SLSR	Solaris Resources	Pair Corr
0.7	PLSE	Pulse Biosciences	Pair Corr
0.78	BFS	Saul Centers Earnings Call This Week	Pair Corr
0.93	LAND	Gladstone Land Earnings Call Tomorrow	Pair Corr
0.81	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.77	FRSB	First Resource Bank	Pair Corr
0.73	JLHL	Julong Holding Downward Rally	Pair Corr
0.74	BNEFF	Bonterra Energy Corp	Pair Corr

Moving against Swire Pink Sheet

0.43	AFIIQ	Armstrong Flooring	Pair Corr
0.54	BAM	Brookfield Asset Man Downward Rally	Pair Corr
0.33	ONON	On Holding	Pair Corr

Related Correlations Analysis

	KPELF	ALSMY	SMGZY	AEOXF	AOMFF	VTTGF	SKBSY	KPELY	OROVY	DAIUF
KPELF		0.44	0.38	0.15	0.48	0.22	0.27	0.59	0.29	0.56	KPELF
ALSMY	0.44		0.83	-0.33	0.98	0.77	0.88	0.89	0.04	0.85	ALSMY
SMGZY	0.38	0.83		-0.35	0.81	0.57	0.84	0.86	0.22	0.87	SMGZY
AEOXF	0.15	-0.33	-0.35		-0.32	-0.68	-0.52	-0.11	0.64	-0.05	AEOXF
AOMFF	0.48	0.98	0.81	-0.32		0.77	0.86	0.89	0.03	0.83	AOMFF
VTTGF	0.22	0.77	0.57	-0.68	0.77		0.8	0.53	-0.5	0.44	VTTGF
SKBSY	0.27	0.88	0.84	-0.52	0.86	0.8		0.72	-0.05	0.69	SKBSY
KPELY	0.59	0.89	0.86	-0.11	0.89	0.53	0.72		0.33	0.97	KPELY
OROVY	0.29	0.04	0.22	0.64	0.03	-0.5	-0.05	0.33		0.39	OROVY
DAIUF	0.56	0.85	0.87	-0.05	0.83	0.44	0.69	0.97	0.39		DAIUF
	KPELF	ALSMY	SMGZY	AEOXF	AOMFF	VTTGF	SKBSY	KPELY	OROVY	DAIUF

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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

AOMFF	+ 0.98	ALSMY
DAIUF	+ 0.97	KPELY
KPELY	+ 0.89	ALSMY
KPELY	+ 0.89	AOMFF
SKBSY	+ 0.88	ALSMY
DAIUF	+ 0.87	SMGZY

High negative correlations

VTTGF	- 0.68	AEOXF
SKBSY	- 0.52	AEOXF
OROVY	- 0.5	VTTGF
AEOXF	- 0.35	SMGZY
AEOXF	- 0.33	ALSMY
AOMFF	- 0.32	AEOXF

Risk-Adjusted Indicators

There is a big difference between Swire Pink Sheet performing well and Swire Pacific 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 Pacific'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
KPELF	1.63	0.84	0.00	(1.27)	0.00	0.00	0.00	(0.13)	30.13
ALSMY	1.53	0.35	0.17	0.77	1.34	(1.83)	3.41	(2.33)	9.57
SMGZY	0.99	0.12	0.07	0.28	1.19	(1.03)	2.18	(1.65)	6.28
AEOXF	1.82	0.16	0.02	8.66	2.60	(3.93)	6.21	(5.76)	19.28
AOMFF	1.42	0.45	0.13	(6.05)	1.05	(3.03)	5.53	(2.52)	14.43
VTTGF	0.35	0.17	0.00	(3.25)	0.00	0.00	0.00	0.00	11.69
SKBSY	1.25	0.20	0.13	0.37	1.21	(1.46)	3.13	(2.11)	7.45
KPELY	1.37	0.39	0.20	(2.15)	1.16	(1.70)	3.05	(2.44)	8.06
OROVY	0.44	0.04	0.00	0.30	0.00	0.00	0.70	0.00	10.57
DAIUF	1.18	0.47	0.21	4.21	0.00	(4.38)	6.61	(2.11)	11.44

Be your own money manager

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

Bernadette Lomas	Group Sec	Profile
Zhuo Zhang	Ex Director	Profile
Martin Murray	Fin Director	Profile
Cindy Cheung	Ma Affairs	Profile
Karen So	Managing CocaCola	Profile

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