Correlation
The correlation between 0316.HK and ^HSI is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
0316.HK vs. ^HSI
Compare and contrast key facts about Orient Overseas International Ltd (0316.HK) and Hang Seng Index (^HSI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0316.HK or ^HSI.
Performance
0316.HK vs. ^HSI - Performance Comparison
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Key characteristics
0316.HK:
0.31
^HSI:
1.00
0316.HK:
0.68
^HSI:
1.00
0316.HK:
1.09
^HSI:
1.15
0316.HK:
0.27
^HSI:
0.37
0316.HK:
0.62
^HSI:
1.86
0316.HK:
20.46%
^HSI:
10.01%
0316.HK:
41.07%
^HSI:
28.78%
0316.HK:
-88.45%
^HSI:
-65.18%
0316.HK:
-17.38%
^HSI:
-29.75%
Returns By Period
In the year-to-date period, 0316.HK achieves a 26.36% return, which is significantly higher than ^HSI's 16.10% return. Over the past 10 years, 0316.HK has outperformed ^HSI with an annualized return of 24.62%, while ^HSI has yielded a comparatively lower -1.64% annualized return.
0316.HK
26.36%
34.05%
46.32%
12.27%
-1.42%
54.18%
24.62%
^HSI
16.10%
5.29%
19.90%
27.75%
2.84%
0.28%
-1.64%
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Risk-Adjusted Performance
0316.HK vs. ^HSI — Risk-Adjusted Performance Rank
0316.HK
^HSI
0316.HK vs. ^HSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Orient Overseas International Ltd (0316.HK) and Hang Seng Index (^HSI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Drawdowns
0316.HK vs. ^HSI - Drawdown Comparison
The maximum 0316.HK drawdown since its inception was -88.45%, which is greater than ^HSI's maximum drawdown of -65.18%. Use the drawdown chart below to compare losses from any high point for 0316.HK and ^HSI.
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Volatility
0316.HK vs. ^HSI - Volatility Comparison
Orient Overseas International Ltd (0316.HK) has a higher volatility of 8.25% compared to Hang Seng Index (^HSI) at 5.65%. This indicates that 0316.HK's price experiences larger fluctuations and is considered to be riskier than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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