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0968.HK vs. ^GSPC
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between 0968.HK and ^GSPC is 0.09, 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.


-0.50.00.51.00.1

Performance

0968.HK vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xinyi Solar Holdings Ltd (0968.HK) and S&P 500 (^GSPC). The values are adjusted to include any dividend payments, if applicable.

200.00%250.00%300.00%350.00%400.00%450.00%JulyAugustSeptemberOctoberNovemberDecember
319.36%
243.02%
0968.HK
^GSPC

Key characteristics

Sharpe Ratio

0968.HK:

-0.38

^GSPC:

2.77

Sortino Ratio

0968.HK:

-0.19

^GSPC:

3.66

Omega Ratio

0968.HK:

0.98

^GSPC:

1.51

Calmar Ratio

0968.HK:

-0.29

^GSPC:

3.99

Martin Ratio

0968.HK:

-0.75

^GSPC:

17.73

Ulcer Index

0968.HK:

33.14%

^GSPC:

1.91%

Daily Std Dev

0968.HK:

66.68%

^GSPC:

12.23%

Max Drawdown

0968.HK:

-85.80%

^GSPC:

-56.78%

Current Drawdown

0968.HK:

-83.05%

^GSPC:

0.00%

Returns By Period

In the year-to-date period, 0968.HK achieves a -22.64% return, which is significantly lower than ^GSPC's 27.68% return. Over the past 10 years, 0968.HK has underperformed ^GSPC with an annualized return of 8.09%, while ^GSPC has yielded a comparatively higher 11.62% annualized return.


0968.HK

YTD

-22.64%

1M

-5.93%

6M

-22.64%

1Y

-14.38%

5Y (annualized)

-6.85%

10Y (annualized)

8.09%

^GSPC

YTD

27.68%

1M

1.58%

6M

13.90%

1Y

32.27%

5Y (annualized)

14.27%

10Y (annualized)

11.62%

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Risk-Adjusted Performance

0968.HK vs. ^GSPC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Xinyi Solar Holdings Ltd (0968.HK) and S&P 500 (^GSPC). 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.


Sharpe ratio
The chart of Sharpe ratio for 0968.HK, currently valued at -0.29, compared to the broader market-4.00-2.000.002.004.00-0.292.39
The chart of Sortino ratio for 0968.HK, currently valued at -0.01, compared to the broader market-4.00-2.000.002.004.00-0.013.21
The chart of Omega ratio for 0968.HK, currently valued at 1.00, compared to the broader market0.501.001.502.001.001.45
The chart of Calmar ratio for 0968.HK, currently valued at -0.22, compared to the broader market0.002.004.006.00-0.223.42
The chart of Martin ratio for 0968.HK, currently valued at -0.56, compared to the broader market0.0010.0020.0030.00-0.5715.20
0968.HK
^GSPC

The current 0968.HK Sharpe Ratio is -0.38, which is lower than the ^GSPC Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of 0968.HK and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.29
2.39
0968.HK
^GSPC

Drawdowns

0968.HK vs. ^GSPC - Drawdown Comparison

The maximum 0968.HK drawdown since its inception was -85.80%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for 0968.HK and ^GSPC. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-83.09%
0
0968.HK
^GSPC

Volatility

0968.HK vs. ^GSPC - Volatility Comparison

Xinyi Solar Holdings Ltd (0968.HK) has a higher volatility of 11.07% compared to S&P 500 (^GSPC) at 2.12%. This indicates that 0968.HK's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
11.07%
2.12%
0968.HK
^GSPC
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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