China Aircraft Correlations
| CFRLF Stock | USD 0.61 0.00 0.00% |
The correlation of China Aircraft is a statistical measure of how it moves in relation to other equities. 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 Aircraft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Aircraft Leasing 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Aircraft Leasing. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. China |
The ability to find closely correlated positions to China Aircraft 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 Aircraft 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 Aircraft - 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 Aircraft Leasing to buy it.
Moving together with China Pink Sheet
| + | 0.77 | EC | Ecopetrol SA ADR | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.61 | SHAP | Spree Acquisition | Report 28th of September 2023 | PairCorr |
Moving against China Pink Sheet
| - | 0.75 | PTAIY | Astra International Tbk | PairCorr | ||
| - | 0.66 | PIFMY | Indofood Sukses Makmur | PairCorr | ||
| - | 0.63 | PTAIF | PT Astra International | PairCorr | ||
| - | 0.61 | LZRFY | Localiza Rent A | PairCorr | ||
| - | 0.6 | PIFMF | PT Indofood Sukses | PairCorr | ||
| - | 0.57 | ASHTY | Ashtead Gro | PairCorr | ||
| - | 0.53 | ASHTF | Ashtead Group Plc | PairCorr | ||
| - | 0.47 | TLK | Telkom Indonesia Tbk | Financial Report 27th of October 2023 | PairCorr | |
| - | 0.44 | TLKMF | Telkom Indonesia Tbk | PairCorr |
Related Correlations Analysis
URI | AER | UHALB | UHAL | WSC | NKLA | ||
URI | 0.13 | 0.55 | 0.49 | -0.39 | 0.27 | URI | |
AER | 0.13 | 0.44 | 0.65 | 0.66 | 0.67 | AER | |
UHALB | 0.55 | 0.44 | 0.77 | -0.12 | 0.66 | UHALB | |
UHAL | 0.49 | 0.65 | 0.77 | 0.22 | 0.62 | UHAL | |
WSC | -0.39 | 0.66 | -0.12 | 0.22 | 0.42 | WSC | |
NKLA | 0.27 | 0.67 | 0.66 | 0.62 | 0.42 | NKLA | |
URI | AER | UHALB | UHAL | WSC | NKLA |
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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 | High negative correlations |
Risk-Adjusted Indicators
There is a big difference between China Pink Sheet performing well and China Aircraft 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 Aircraft'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 | Information Ratio | Expected Shortfall | Potential Upside | Value At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| URI | 1.51 | 0.12 | 0.06 | 0.04 | 1.68 | 0.05 | (1.69) | 3.07 | (2.83) | 8.64 |
| AER | 1.15 | 0.05 | 0.04 | 0.04 | 1.27 | 0.037 | (1.35) | 2.46 | (2.33) | 6.23 |
| UHALB | 1.29 | 0.17 | 0.10 | 0.42 | 1.49 | 0.11 | (1.25) | 2.80 | (2.59) | 6.32 |
| UHAL | 1.01 | 0.10 | 0.07 | 0.06 | 1.23 | 0.07 | (0.96) | 2.54 | (2.06) | 7.03 |
| WSC | 1.20 | (0.17) | 0.00 | (0.14) | 0.00 | (0.10) | 0.00 | 1.92 | (2.21) | 12.70 |
| NKLA | 8.17 | 0.56 | 0.05 | 0.08 | 8.75 | 0.0385 | (10.46) | 17.62 | (14.73) | 87.34 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in China Aircraft 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 Aircraft Corporate Directors
China Aircraft corporate directors refer to members of a China Aircraft board of directors. The board of directors generally takes responsibility for the China Aircraft's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of China Aircraft's board members must vote for the resolution. The China Aircraft board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Already Invested in China Aircraft Leasing?
The danger of trading China Aircraft Leasing 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 Aircraft 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 Aircraft. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile China Aircraft Leasing 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 Aircraft Leasing. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. 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 China Pink Sheet analysis
When running China Aircraft's price analysis, check to measure China Aircraft'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 China Aircraft is operating at the current time. Most of China Aircraft's value examination focuses on studying past and present price action to predict the probability of China Aircraft's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Aircraft's price. Additionally, you may evaluate how the addition of China Aircraft to your portfolios can decrease your overall portfolio volatility.
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