Orient Overseas Correlations

OROVF
 Stock
  

USD 17.14  0.00  0.00%   

The correlation of Orient Overseas 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 Orient Overseas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orient Overseas Limited 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.
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The ability to find closely correlated positions to Orient Overseas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orient Overseas 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 Orient Overseas - 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 Orient Overseas Limited to buy it.

Moving together with Orient Overseas

+0.69GOOGAlphabet ClassPairCorr
+0.7AMZNAmazon IncPairCorr
+0.71HYMTFHyundai MotorPairCorr
+0.82AVALGrupo AvalPairCorr

Moving against Orient Overseas

-0.52BRK-ABerkshire HathawayPairCorr
-0.52UNHUnitedHealth GroupPairCorr
-0.51BRK-BBerkshire HathawayPairCorr
-0.51WMTWalmartPairCorr

Related Correlations

CP
EJPRF
TRN
BKKXF
CJPRY
GBX
CP
0.370.830.00.060.84
CP
EJPRF
0.370.690.00.240.62
EJPRF
TRN
0.830.690.0-0.030.98
TRN
BKKXF
0.00.00.00.00.0
BKKXF
CJPRY
0.060.24-0.030.0-0.05
CJPRY
GBX
0.840.620.980.0-0.05
GBX
CP
EJPRF
TRN
BKKXF
CJPRY
GBX
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
GBXTRN
GBXCP
TRNCP
TRNEJPRF
GBXEJPRF
EJPRFCP
  
High negative correlations   
GBXCJPRY
CJPRYTRN
GBXBKKXF
CJPRYBKKXF
BKKXFTRN
BKKXFEJPRF

Risk-Adjusted Indicators

Nowadays, there is a big difference between Orient Pink Sheet performing well and Orient Overseas company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Orient Overseas' multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

The entity Orient Overseas Limited with a symbol OROVF was recently relisted or delisted. You can potentially use Orient Overseas Limited with a symbol OROVF. Please make sure the ticker renaming or change in the classification of Orient Overseas Limited is not a temporary action by the exchange.

Orient Overseas Corporate Directors

Orient Overseas corporate directors refer to members of an Orient Overseas board of directors. The board of directors generally takes responsibility for the Orient Overseas' 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 Orient Overseas' board members must vote for the resolution. The Orient Overseas board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Kam So - Independent Non-Executive DirectorProfile
Shui Chung - Independent Non-Executive DirectorProfile
Haimin Wang - Executive DirectorProfile
Liang Yang - Independent Non-Executive DirectorProfile

Invested in Orient Overseas Limited?

The danger of trading Orient Overseas Limited 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 Orient Overseas 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 Orient Overseas. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Orient Overseas 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.
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When running Orient Overseas price analysis, check to measure Orient Overseas' 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 Orient Overseas is operating at the current time. Most of Orient Overseas' value examination focuses on studying past and present price action to predict the probability of Orient Overseas' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Orient Overseas' price. Additionally, you may evaluate how the addition of Orient Overseas to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Orient Overseas' value and its price as these two are different measures arrived at by different means. Investors typically determine Orient Overseas value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Orient Overseas' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.