Wharf Holdings Correlations
| WARFY Stock | USD 5.09 0.42 7.62% |
The current 90-days correlation between Wharf Holdings and Sino Land Co is 0.18 (i.e., Average diversification). The correlation of Wharf Holdings 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.
Wharf Holdings Correlation With Market
Significant diversification
The correlation between Wharf Holdings and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wharf Holdings and DJI in the same portfolio, assuming nothing else is changed.
Wharf |
The ability to find closely correlated positions to Wharf Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wharf Holdings 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 Wharf Holdings - 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 Wharf Holdings to buy it.
Moving together with Wharf Pink Sheet
| 0.67 | CRBJY | China Resources Land | PairCorr |
| 0.73 | CRBJF | China Resources Land | PairCorr |
| 0.79 | CHVKF | China Vanke | PairCorr |
| 0.72 | CHVKY | China Vanke | PairCorr |
| 0.78 | CAOVY | China Overseas Land | PairCorr |
| 0.62 | CAOVF | China Overseas Land | PairCorr |
| 0.78 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Moving against Wharf Pink Sheet
| 0.67 | CRGP | Calissio Resources | PairCorr |
| 0.47 | CHKGF | CK Asset Holdings | PairCorr |
| 0.73 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.63 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.63 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.58 | PG | Procter Gamble Sell-off Trend | PairCorr |
| 0.51 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.5 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.35 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.31 | VZ | Verizon Communications Sell-off Trend | 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
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Risk-Adjusted Indicators
There is a big difference between Wharf Pink Sheet performing well and Wharf Holdings 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 Wharf Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SNLAY | 1.74 | 0.06 | (0.02) | 4.98 | 2.43 | 3.38 | 13.44 | |||
| HNGKY | 2.44 | 0.45 | 0.09 | (0.77) | 2.59 | 5.42 | 15.68 | |||
| HIHI | 9.03 | 1.03 | 0.05 | 10.64 | 9.79 | 30.43 | 86.84 | |||
| SUHJY | 1.14 | 0.13 | (0.01) | (0.98) | 1.53 | 2.15 | 12.09 |