Harn Len Correlations

7501 Stock   0.39  0.01  2.50%   
The current 90-days correlation between Harn Len and Senheng New Retail is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Harn Len moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harn Len moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Harn Len Correlation With Market

Good diversification

The correlation between Harn Len and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harn Len and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Harn Len could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harn Len 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 Harn Len - 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 Harn Len to buy it.

Moving together with Harn Stock

  0.637084 QL Resources BhdPairCorr
  0.621066 RHB Bank BhdPairCorr
  0.634731 Scientex BhdPairCorr

Moving against Harn Stock

  0.731295 Public Bank BhdPairCorr
  0.73816 MISC BhdPairCorr
  0.69008 Omesti BhdPairCorr
  0.583476 Keck Seng MalaysiaPairCorr
  0.516033 Petronas Gas BhdPairCorr
  0.475183 Petronas ChemicalsPairCorr
  0.475819 Hong Leong BankPairCorr
  0.441155 Malayan Banking BhdPairCorr
  0.425347 Tenaga Nasional BhdPairCorr
  0.428869 Press Metal BhdPairCorr
  0.370126 Microlink Solutions BhdPairCorr

Related Correlations Analysis

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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   
00755878
88695216
00705797
58785305
57975216
00755305
  
High negative correlations   
57975878
00755797
00700075
00705878
57975305
00705305

Risk-Adjusted Indicators

There is a big difference between Harn Stock performing well and Harn Len 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 Harn Len'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Harn Len 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.

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Risk-Return Analysis

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Harn Len Corporate Management

Elected by the shareholders, the Harn Len's board of directors comprises two types of representatives: Harn Len inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Harn. The board's role is to monitor Harn Len's management team and ensure that shareholders' interests are well served. Harn Len'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, Harn Len's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kuek LowEx DirectorProfile
Quek LowManaging ManagementProfile
Kok LowHead DirectorProfile
Kwek LowEx DirectorProfile
M ChanDeputy ChairmanProfile