BOC Hong Correlations
| BNKHF Stock | USD 3.00 0.00 0.00% |
The correlation of BOC Hong 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 BOC Hong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BOC Hong Kong 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.
Significant diversification
The correlation between BOC Hong Kong and NYA is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BOC Hong Kong and NYA in the same portfolio, assuming nothing else is changed.
BOC |
The ability to find closely correlated positions to BOC Hong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BOC Hong 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 BOC Hong - 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 BOC Hong Kong to buy it.
Moving together with BOC Pink Sheet
| 0.61 | CIHKY | China Merchants Bank | PairCorr |
| 0.65 | HDB | HDFC Bank Limited Financial Report 15th of July 2024 | PairCorr |
| 0.72 | CIHHF | China Merchants Bank | PairCorr |
| 0.69 | IBN | ICICI Bank Limited | PairCorr |
| 0.89 | BNPQY | BNP Paribas SA | PairCorr |
| 0.89 | BNPQF | BNP Paribas SA | PairCorr |
| 0.72 | AMZN | Amazon Inc | PairCorr |
| 0.89 | HNHPF | Hon Hai Precision | PairCorr |
| 0.67 | NVDA | NVIDIA Earnings Call Tomorrow | PairCorr |
Moving against BOC Pink Sheet
| 0.75 | ACN | Accenture plc Financial Report 27th of June 2024 | PairCorr |
| 0.55 | DPSTF | Deutsche Post AG | PairCorr |
| 0.5 | FITBP | Fifth Third Bancorp | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in BOC Hong 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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BOC Hong Corporate Management
Elected by the shareholders, the BOC Hong's board of directors comprises two types of representatives: BOC Hong inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BOC. The board's role is to monitor BOC Hong's management team and ensure that shareholders' interests are well served. BOC Hong'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, BOC Hong's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yanlai Zhu | Assistant Chief Executive | Profile | |
| Xiangqun Zhong | Chief Officer | Profile | |
| Madam Xin | Chief Officer | Profile | |
| Man Chan | Deputy Exec | Profile | |
| Yu Sun | Vice CEO | Profile | |
| Nan Luo | Company Secretary | Profile |
Already Invested in BOC Hong Kong?
The danger of trading BOC Hong Kong 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 BOC Hong 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 BOC Hong. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile BOC Hong Kong 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 BOC Hong Kong. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the BOC Hong Kong information on this page should be used as a complementary analysis to other BOC Hong's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for BOC Pink Sheet analysis
When running BOC Hong's price analysis, check to measure BOC Hong's 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 BOC Hong is operating at the current time. Most of BOC Hong's value examination focuses on studying past and present price action to predict the probability of BOC Hong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BOC Hong's price. Additionally, you may evaluate how the addition of BOC Hong to your portfolios can decrease your overall portfolio volatility.
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