Bank of China Limited Correlations

W8V Stock

EUR 0.48 0.01 2.13%

The correlation of Bank of China Limited 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.

Bank of China Limited Correlation With Market

Very good diversification

The correlation between Bank of China and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of China and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bank Stock

0.78	C6T	China Construction Bank	Pair Corr
0.63	HBC1	HSBC Holdings plc	Pair Corr
0.64	HBC2	HSBC Holdings plc	Pair Corr
0.78	EK7	Agricultural Bank	Pair Corr
0.7	NH5	NH HOTEL GROUP	Pair Corr
0.7	SNQB	SANOMA Dusseldorf	Pair Corr

Moving against Bank Stock

0.63	BYRA	BANK RAKYAT IND	Pair Corr
0.57	BYRA	BANK RAKYAT IND	Pair Corr
0.56	BYRA	PT Bank Rakyat	Pair Corr
0.46	BYRA	PT Bank Rakyat	Pair Corr
0.45	SSUN	Samsung Electronics	Pair Corr
0.41	PQ9	PT Bank Mandiri	Pair Corr
0.4	SSUN	Samsung Electronics	Pair Corr
0.37	SSU	Samsung Electronics	Pair Corr
0.34	SSU	Samsung Electronics	Pair Corr
0.49	PQ9	BANK MANDIRI	Pair Corr

Related Correlations Analysis

	CMC	NCB	NWT	C6T	HBC1	HBC2	EK7	RYC	W8V	CWW
CMC		0.98	0.94	0.5	0.8	0.78	0.51	0.73	0.43	0.88	CMC
NCB	0.98		0.95	0.4	0.74	0.72	0.42	0.78	0.34	0.92	NCB
NWT	0.94	0.95		0.35	0.71	0.7	0.34	0.75	0.29	0.9	NWT
C6T	0.5	0.4	0.35		0.75	0.74	0.96	0.15	0.78	0.22	C6T
HBC1	0.8	0.74	0.71	0.75		0.98	0.78	0.53	0.63	0.67	HBC1
HBC2	0.78	0.72	0.7	0.74	0.98		0.77	0.52	0.64	0.64	HBC2
EK7	0.51	0.42	0.34	0.96	0.78	0.77		0.22	0.78	0.26	EK7
RYC	0.73	0.78	0.75	0.15	0.53	0.52	0.22		0.05	0.82	RYC
W8V	0.43	0.34	0.29	0.78	0.63	0.64	0.78	0.05		0.13	W8V
CWW	0.88	0.92	0.9	0.22	0.67	0.64	0.26	0.82	0.13		CWW
	CMC	NCB	NWT	C6T	HBC1	HBC2	EK7	RYC	W8V	CWW

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Risk-Adjusted Indicators

There is a big difference between Bank Stock performing well and Bank of China Limited 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 Bank of China Limited'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
CMC	1.20	0.37	0.33	1.28	0.75	(1.53)	2.48	(1.52)	17.57
NCB	1.15	0.36	0.37	3.13	0.53	(1.47)	2.94	(1.34)	13.01
NWT	1.38	0.54	0.47	1.80	0.58	(1.73)	5.75	(2.12)	15.20
C6T	2.04	0.66	0.30	2.98	1.10	(3.87)	4.00	(1.96)	35.96
HBC1	0.96	0.31	0.24	2.39	0.91	(1.10)	1.93	(1.95)	7.83
HBC2	0.94	0.30	0.23	2.63	0.92	(1.15)	1.88	(1.48)	9.58
EK7	3.64	0.81	0.15	(1.32)	3.35	(7.15)	12.90	(5.88)	31.19
RYC	0.93	0.08	0.08	1.04	0.98	(1.02)	1.84	(1.67)	6.18
W8V	2.01	0.63	0.22	(0.53)	1.11	(5.06)	3.13	(2.94)	31.81
CWW	1.02	0.16	0.13	(1.90)	1.04	(1.12)	2.19	(1.68)	6.17

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bank of China Limited 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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Bank of China Limited Corporate Management

Elected by the shareholders, the Bank of China Limited's board of directors comprises two types of representatives: Bank of China Limited inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bank. The board's role is to monitor Bank of China Limited's management team and ensure that shareholders' interests are well served. Bank of China Limited'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, Bank of China Limited's outside directors are responsible for providing unbiased perspectives on the board's policies.

Liange Liu	Ex Chairman	Profile
Jin Liu	Pres Chairman	Profile
Yan Liu	Chief Mang	Profile
Jiandong Liu	Chief Officer	Profile
Huaiyu Chen	Ex VP	Profile
Jianguang Wu	Gen Department	Profile
Chengwen Zhuo	Chief Officer	Profile

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