Sino Land Correlations

SNO Stock  EUR 0.97  0.02  2.11%   
The current 90-days correlation between Sino Land and Nissan Chemical Corp is -0.09 (i.e., Good diversification). The correlation of Sino Land 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.
  
The ability to find closely correlated positions to Sino Land could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sino Land 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 Sino Land - 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 Sino Land to buy it.

Moving together with Sino Stock

  0.76SHG Sun Hung KaiPairCorr
  0.89HLH Hongkong Land HoldingsPairCorr

Moving against Sino Stock

  0.86MFU Mitsui FudosanPairCorr
  0.86MES Mitsubishi EstatePairCorr
  0.8303F IDP EDUCATION LTDPairCorr
  0.81TEY TeradynePairCorr
  0.474Y7 PLATO GOLD PPairCorr
  0.45C4X Onxeo SAPairCorr
  0.42DWNI Deutsche Wohnen SEPairCorr
  0.4DBPD Xtrackers ShortDAXPairCorr

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   
5ZMEV9
SUI5ZM
SUIEV9
SUINSC
6ICEV9
6IC5ZM
  
High negative correlations   
5ZMSEH
EV9SEH
SUISEH
5ZM4QVA
6ICSEH
EV94QVA

Risk-Adjusted Indicators

There is a big difference between Sino Stock performing well and Sino Land 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 Sino Land'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 Sino Land 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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Sino Land Corporate Management

Elected by the shareholders, the Sino Land's board of directors comprises two types of representatives: Sino Land inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sino. The board's role is to monitor Sino Land's management team and ensure that shareholders' interests are well served. Sino Land'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, Sino Land's outside directors are responsible for providing unbiased perspectives on the board's policies.
Chee NgChairman CEOProfile
Wing TangGroup DirectorProfile
BA DHLDeputy ChairmanProfile
Wing ChanEx DirectorProfile
Ching LeeEx DirectorProfile
Siu ChengCompany SecProfile
Sio TinEx DirectorProfile