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

Excellent diversification

The correlation between Swire Pacific Limited and DJI is -0.61 (i.e., Excellent 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.

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

0.84	GOOG	Alphabet Class C	Pair Corr
0.8	BMYMP	Bristol Myers Squibb	Pair Corr
0.65	MITSF	Mitsui Co	Pair Corr
0.63	MITSY	Mitsui Company	Pair Corr
0.56	META	Meta Platforms	Pair Corr
0.47	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.43	ITOCY	Itochu Corp ADR	Pair Corr
0.31	HON	Honeywell International	Pair Corr
0.78	MRK	Merck Company Aggressive Push	Pair Corr
0.75	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr
0.58	MCD	McDonalds Earnings Call This Week	Pair Corr
0.51	BA	Boeing	Pair Corr
0.44	CSCO	Cisco Systems Earnings Call Tomorrow	Pair Corr
0.42	BAC	Bank of America Aggressive Push	Pair Corr
0.37	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.33	AXP	American Express	Pair Corr

Related Correlations Analysis

	SCRPF	SITIY	KHOLY	KPELF	STBBF	QABSY	CPCAY	SITIF	MSLOY	DLAKF
SCRPF		-0.04	-0.52	-0.24	-0.77	-0.87	-0.48	-0.06	-0.71	-0.72	SCRPF
SITIY	-0.04		0.13	-0.58	0.13	0.03	-0.22	0.73	0.12	-0.18	SITIY
KHOLY	-0.52	0.13		0.29	0.7	0.65	0.25	0.3	0.82	0.58	KHOLY
KPELF	-0.24	-0.58	0.29		0.33	0.35	0.39	-0.59	0.24	0.63	KPELF
STBBF	-0.77	0.13	0.7	0.33		0.86	0.34	0.25	0.8	0.72	STBBF
QABSY	-0.87	0.03	0.65	0.35	0.86		0.6	0.1	0.82	0.78	QABSY
CPCAY	-0.48	-0.22	0.25	0.39	0.34	0.6		-0.18	0.55	0.53	CPCAY
SITIF	-0.06	0.73	0.3	-0.59	0.25	0.1	-0.18		0.28	-0.17	SITIF
MSLOY	-0.71	0.12	0.82	0.24	0.8	0.82	0.55	0.28		0.69	MSLOY
DLAKF	-0.72	-0.18	0.58	0.63	0.72	0.78	0.53	-0.17	0.69		DLAKF
	SCRPF	SITIY	KHOLY	KPELF	STBBF	QABSY	CPCAY	SITIF	MSLOY	DLAKF

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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

QABSY	+ 0.86	STBBF
MSLOY	+ 0.82	KHOLY
MSLOY	+ 0.82	QABSY
MSLOY	+ 0.8	STBBF
DLAKF	+ 0.78	QABSY
SITIF	+ 0.73	SITIY

High negative correlations

QABSY	- 0.87	SCRPF
STBBF	- 0.77	SCRPF
DLAKF	- 0.72	SCRPF
MSLOY	- 0.71	SCRPF
SITIF	- 0.59	KPELF
KPELF	- 0.58	SITIY

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	0.02	0.00	0.21	0.00	0.00	0.00	0.00	16.42
SITIY	2.02	0.04	0.00	0.21	3.15	(5.20)	7.43	(4.96)	24.05
KHOLY	1.23	0.29	0.07	(0.55)	1.26	(2.18)	4.87	(2.85)	9.20
KPELF	0.77	0.38	0.00	(0.61)	0.00	0.00	0.00	(0.13)	23.76
STBBF	1.00	0.24	0.00	1.69	0.00	0.00	0.00	0.00	20.01
QABSY	1.05	0.08	0.02	0.32	1.24	(1.19)	2.63	(2.34)	7.94
CPCAY	1.55	0.20	0.06	(0.81)	1.45	(2.24)	4.01	(2.65)	9.81
SITIF	1.09	(0.02)	(0.02)	0.01	1.86	(3.00)	3.21	(4.21)	13.30
MSLOY	0.94	0.10	0.03	0.29	1.47	(0.92)	1.82	(2.27)	6.03
DLAKF	2.02	0.22	0.04	0.50	2.61	(4.19)	8.70	(6.48)	20.84

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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