Swire Pacific Correlations
| SWRBF Stock | USD 1.45 0.00 0.00% |
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.
Swire Pacific Correlation With Market
Good diversification
The correlation between Swire Pacific Limited and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swire Pacific Limited and DJI in the same portfolio, assuming nothing else is changed.
Swire |
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 Limited to buy it.
Moving against Swire Pink Sheet
| 0.78 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.69 | MITSF | Mitsui Co | PairCorr |
| 0.68 | MITSY | Mitsui Company | PairCorr |
| 0.45 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.32 | ITOCY | Itochu Corp ADR | PairCorr |
| 0.83 | GSVRF | Guanajuato Silver | PairCorr |
| 0.69 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.68 | ULTA | Ulta Beauty | PairCorr |
| 0.66 | SHIP | Seanergy Maritime | PairCorr |
| 0.62 | WF | Woori Financial Group | PairCorr |
| 0.56 | KODK | Eastman Kodak | PairCorr |
| 0.54 | TORO | Toro | PairCorr |
| 0.49 | RLMD | Relmada Therapeutics | PairCorr |
| 0.48 | NOEM | CO2 Energy Transition | PairCorr |
| 0.44 | ASTI | Ascent Solar Technol Tech Boost | PairCorr |
| 0.31 | EGP | EastGroup Properties | PairCorr |
| 0.73 | DDS | Dillards, | PairCorr |
| 0.62 | HL | Hecla Mining Aggressive Push | PairCorr |
| 0.53 | CM | Canadian Imperial Bank | PairCorr |
| 0.51 | ALVLF | Big Ridge Gold | PairCorr |
Related Correlations Analysis
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
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SCRPF | 0.42 | 0.00 | 0.00 | 0.08 | 0.00 | 0.00 | 16.42 | |||
| SITIY | 2.09 | 0.07 | (0.01) | (0.04) | 3.19 | 7.43 | 21.04 | |||
| KHOLY | 1.41 | (0.15) | 0.00 | (1.38) | 0.00 | 3.91 | 10.01 | |||
| KPELF | 0.81 | 0.41 | 0.00 | (0.49) | 0.00 | 0.00 | 23.76 | |||
| STBBF | 0.73 | 0.07 | 0.00 | 0.28 | 0.00 | 0.00 | 20.10 | |||
| QABSY | 0.94 | (0.09) | 0.00 | (0.14) | 0.00 | 2.63 | 7.54 | |||
| CPCAY | 1.27 | 0.29 | 0.11 | (2.12) | 1.33 | 3.54 | 8.46 | |||
| SITIF | 1.00 | (0.01) | (0.01) | 0.06 | 1.64 | 4.13 | 21.13 | |||
| MSLOY | 0.79 | (0.06) | 0.00 | (0.10) | 0.00 | 1.46 | 5.90 | |||
| DLAKF | 2.18 | 0.24 | 0.03 | 2.29 | 2.57 | 10.53 | 24.09 |
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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 |