Jardine Matheson Correlations
| JMHLY Stock | USD 43.48 0.11 0.25% |
The current 90-days correlation between Jardine Matheson Holdings and Swire Pacific Ltd is 0.22 (i.e., Modest diversification). The correlation of Jardine Matheson 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Jardine Matheson Correlation With Market
Significant diversification
The correlation between Jardine Matheson Holdings and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jardine Matheson Holdings and DJI in the same portfolio, assuming nothing else is changed.
Jardine |
The ability to find closely correlated positions to Jardine Matheson could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jardine Matheson 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 Jardine Matheson - 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 Jardine Matheson Holdings to buy it.
Moving together with Jardine Pink Sheet
| 0.72 | FSTF | First State Financial | PairCorr |
| 0.77 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.86 | WMT | Walmart Aggressive Push | PairCorr |
| 0.88 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.71 | HD | Home Depot | PairCorr |
| 0.9 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.81 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.68 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.91 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.8 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.75 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Moving against Jardine Pink Sheet
| 0.87 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.82 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.66 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Jardine Pink Sheet performing well and Jardine Matheson 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 Jardine Matheson'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SWRBY | 1.16 | (0.09) | 0.00 | 0.04 | 0.00 | 7.73 | 27.35 | |||
| CTPCF | 1.04 | 0.31 | 0.00 | (1.31) | 0.00 | 3.26 | 26.23 | |||
| FOSUF | 1.99 | 0.62 | 0.00 | (0.16) | 0.00 | 0.00 | 83.57 | |||
| CIBY | 0.38 | (0.04) | 0.00 | (0.06) | 0.00 | 0.00 | 22.36 | |||
| MPCFF | 3.03 | 1.00 | 0.00 | 1.32 | 0.00 | 8.92 | 58.43 | |||
| TOSBF | 0.29 | (0.01) | (0.10) | (0.15) | 0.51 | 0.71 | 5.96 | |||
| HTHIY | 2.01 | (0.04) | 0.00 | 0.09 | 3.07 | 3.53 | 15.14 | |||
| TINLY | 1.37 | (0.17) | 0.00 | 0.72 | 0.00 | 3.62 | 17.05 | |||
| MARUY | 1.39 | (0.25) | 0.00 | (0.16) | 0.00 | 2.94 | 9.01 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Jardine Matheson 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?
Run Commodity Directory Now
Commodity DirectoryFind actively traded commodities issued by global exchanges |
| All Next | Launch Module |
Jardine Matheson Corporate Management
| John Koshy | Head Affairs | Profile | |
| Graham Baker | Group Director | Profile | |
| Jocelyn Lam | Group Taxation | Profile | |
| Jonathan Lloyd | Group Sec | Profile | |
| John Nolan | Group Director | Profile |