Hang Lung Related Correlations

HLPPY Stock

USD 5.45 0.09 1.68%

Generate correlation matrix for Hang Lung and other related equities to check the degree to which Hang Lung Properties price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Hang Lung Properties. To filter out specific equities, please toggle its corresponding legend item. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hang Lung Properties. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

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Please note, there is a significant difference between Hang Lung's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hang Lung is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hang Lung's 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.

Correlations

	IRS	HOUS	NMRK	NYC	CBRE	FRPH	MMI	JLL	FSV
IRS		-0.31	0.07	-0.55	0.24	0.01	-0.4	0.24	-0.52	IRS
HOUS	-0.31		-0.16	0.69	-0.5	-0.07	0.88	-0.42	0.45	HOUS
NMRK	0.07	-0.16		-0.2	0.89	0.6	-0.08	0.89	0.46	NMRK
NYC	-0.55	0.69	-0.2		-0.49	-0.23	0.78	-0.43	0.55	NYC
CBRE	0.24	-0.5	0.89	-0.49		0.52	-0.43	0.95	0.2	CBRE
FRPH	0.01	-0.07	0.6	-0.23	0.52		-0.05	0.52	0.25	FRPH
MMI	-0.4	0.88	-0.08	0.78	-0.43	-0.05		-0.34	0.49	MMI
JLL	0.24	-0.42	0.89	-0.43	0.95	0.52	-0.34		0.15	JLL
FSV	-0.52	0.45	0.46	0.55	0.2	0.25	0.49	0.15		FSV
	IRS	HOUS	NMRK	NYC	CBRE	FRPH	MMI	JLL	FSV

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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

JLL	+ 0.95	CBRE
CBRE	+ 0.89	NMRK
JLL	+ 0.89	NMRK
MMI	+ 0.88	HOUS
MMI	+ 0.78	NYC
NYC	+ 0.69	HOUS

High negative correlations

NYC	- 0.55	IRS
FSV	- 0.52	IRS
CBRE	- 0.5	HOUS
CBRE	- 0.49	NYC
MMI	- 0.43	CBRE
JLL	- 0.43	NYC

Risk-Adjusted Indicators

There is a big difference between Hang Pink Sheet performing well and Hang Lung 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 Hang Lung'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
IRS	2.27	0.14	0.09	0.14	2.38	(2.50)	6.06	(3.83)	11.83
HOUS	3.47	(0.44)	0.00	(0.04)	0.00	0.00	6.90	(6.59)	18.58
NMRK	1.96	(0.18)	(0.02)	0.01	2.48	(2.06)	4.63	(4.58)	13.40
NYC	2.24	(0.48)	0.00	(0.37)	0.00	0.00	4.98	(5.50)	15.79
CBRE	1.22	(0.12)	(0.03)	0.01	1.52	(1.33)	2.31	(2.32)	13.59
FRPH	1.43	(0.07)	0.00	0.04	2.02	(1.37)	3.34	(3.05)	9.29
MMI	1.64	(0.37)	0.00	(0.12)	0.00	0.00	2.97	(3.61)	9.24
JLL	1.49	(0.09)	0.00	0.03	1.67	(1.77)	3.07	(2.48)	14.24
FSV	0.96	(0.18)	0.00	(0.06)	0.00	0.00	1.90	(2.08)	5.48

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Hang Lung Related Correlations

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Correlations

Correlation Matchups

Risk-Adjusted Indicators

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