China Resources Correlations
| CRHKY Stock | USD 9.61 0.03 0.31% |
The correlation of China Resources 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Resources Beer moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between China Resources Beer and NYA is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Resources Beer and NYA in the same portfolio, assuming nothing else is changed.
China |
The ability to find closely correlated positions to China Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Resources 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 China Resources - 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 China Resources Beer to buy it.
Moving together with China Pink Sheet
| 0.66 | CICHF | China Construction Bank | PairCorr |
| 0.88 | AIG | American International | PairCorr |
| 0.71 | CI | Cigna Corp | PairCorr |
| 0.65 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.74 | PH | Parker Hannifin Fiscal Year End 1st of August 2024 | PairCorr |
| 0.73 | MFIC | MidCap Financial Inv | PairCorr |
Moving against China Pink Sheet
| 0.62 | FMX | Fomento Economico | PairCorr |
| 0.48 | BUDFF | Anheuser Busch InBev | PairCorr |
| 0.46 | HEIA | Heineken | PairCorr |
| 0.44 | BUD | Anheuser Busch Inbev | PairCorr |
| 0.43 | FMXUF | Fomento Econmico Mexicano | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 China Pink Sheet performing well and China Resources 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 China Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BRFH | 6.42 | 1.18 | 0.14 | (5.62) | 6.20 | 13.04 | 99.23 | |||
| FBEC | 13.54 | 2.11 | 0.13 | 0.39 | 13.98 | 33.33 | 100.00 | |||
| FLWBF | 3.12 | (0.90) | 0.00 | (0.94) | 0.00 | 7.14 | 43.33 | |||
| EQLB | 14.37 | 3.15 | 0.13 | 0.45 | 11.35 | 66.67 | 160.00 | |||
| VGID | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ALKM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ZVIA | 3.86 | (0.71) | 0.00 | (0.19) | 0.00 | 11.43 | 32.59 | |||
| PRMW | 0.98 | 0.40 | 0.38 | 0.41 | 0.44 | 2.96 | 5.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in China Resources 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.Did you try this?
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China Resources Corporate Management
Elected by the shareholders, the China Resources' board of directors comprises two types of representatives: China Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of China. The board's role is to monitor China Resources' management team and ensure that shareholders' interests are well served. China Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, China Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Qiang Wei | CFO Director | Profile | |
| Longshan Zhou | Managing Limited | Profile | |
| Dan Zhu | Pres Ltd | Profile | |
| Tan Tse | Gen Department | Profile | |
| Chunyi Fu | Managing Ltd | Profile | |
| Dayong Cheng | Gen Department | Profile |
Already Invested in China Resources Beer?
The danger of trading China Resources Beer is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of China Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than China Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile China Resources Beer is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Resources Beer. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for China Pink Sheet analysis
When running China Resources' price analysis, check to measure China Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Resources is operating at the current time. Most of China Resources' value examination focuses on studying past and present price action to predict the probability of China Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Resources' price. Additionally, you may evaluate how the addition of China Resources to your portfolios can decrease your overall portfolio volatility.
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