China Construction Correlations
| CICHY Stock | USD 12.45 0.09 0.73% |
The correlation of China Construction 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 Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Construction Bank 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.
Modest diversification
The correlation between China Construction Bank and NYA is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Construction Bank and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to China Construction 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 Construction 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 Construction - 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 Construction Bank to buy it.
Moving together with China Pink Sheet
| 0.69 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.62 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.84 | IDCBF | Industrial and Commercial | PairCorr |
| 0.98 | IDCBY | Industrial Commercial Earnings Call This Week | PairCorr |
| 0.75 | WFC | Wells Fargo Aggressive Push | PairCorr |
| 0.76 | CICHF | China Construction Bank | PairCorr |
| 0.71 | TSM | Taiwan Semiconductor Financial Report 18th of July 2024 | PairCorr |
| 0.77 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.72 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
| 0.82 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
Moving against China Pink Sheet
| 0.51 | BA | Boeing Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
| 0.79 | 0.87 | 0.79 | 0.78 | ANZGY | ||
| 0.79 | 0.92 | 0.59 | 0.8 | BML-PG | ||
| 0.87 | 0.92 | 0.64 | 0.86 | BML-PJ | ||
| 0.79 | 0.59 | 0.64 | 0.65 | WFC-PY | ||
| 0.78 | 0.8 | 0.86 | 0.65 | BML-PL | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between China Pink Sheet performing well and China Construction 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 Construction'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANZGY | 0.84 | 0.02 | 0.03 | 0.10 | 1.20 | 1.87 | 7.26 | |||
| BML-PG | 0.52 | 0.05 | (0.01) | 0.23 | 0.50 | 1.37 | 3.20 | |||
| BML-PJ | 0.31 | 0.03 | (0.08) | 0.21 | 0.30 | 0.98 | 2.23 | |||
| WFC-PY | 0.48 | (0.04) | (0.10) | 0.01 | 0.68 | 0.83 | 3.34 | |||
| BML-PL | 0.44 | 0.01 | (0.08) | 0.14 | 0.48 | 0.97 | 2.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in China Construction 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 Construction Corporate Directors
China Construction corporate directors refer to members of a China Construction board of directors. The board of directors generally takes responsibility for the China Construction'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 Construction's board members must vote for the resolution. The China Construction board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Tie Xu | Non-Executive Director | Profile | |
| Elaine Roche | Non-Executive Independent Director | Profile | |
| Xiusheng Pang | Executive VP, Executive Director, Member of Strategy Devel. Committee and Member of Risk Management Committee | Profile | |
| Yang Xia | Non-Executive Director | Profile |
Already Invested in China Construction Bank?
The danger of trading China Construction Bank 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 Construction 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 Construction. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile China Construction Bank 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 Construction Bank. 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 China Construction Bank information on this page should be used as a complementary analysis to other China Construction'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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for China Pink Sheet analysis
When running China Construction's price analysis, check to measure China Construction'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 Construction is operating at the current time. Most of China Construction's value examination focuses on studying past and present price action to predict the probability of China Construction'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 Construction's price. Additionally, you may evaluate how the addition of China Construction to your portfolios can decrease your overall portfolio volatility.
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