2343.HK vs. CMBT
2343.HK (Pacific Basin Shipping Ltd) and CMBT (Cmb.Tech NV) are both stocks. 2343.HK operates in Marine Shipping (Industrials), while CMBT operates in Oil & Gas Midstream (Energy). Over the past 10 years, 2343.HK returned 18.44%/yr vs 12.71%/yr for CMBT. At a 0.08 correlation, their price movements are largely independent.
Performance
2343.HK vs. CMBT - Performance Comparison
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Different Trading Currencies
2343.HK is traded in HKD, while CMBT is traded in USD. To make them comparable, the CMBT values have been converted to HKD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 2343.HK achieves a 35.28% return, which is significantly lower than CMBT's 67.03% return. Over the past 10 years, 2343.HK has outperformed CMBT with an annualized return of 18.44%, while CMBT has yielded a comparatively lower 12.71% annualized return.
2343.HK
- 1D
- -0.32%
- 1M
- 8.04%
- 6M
- 19.39%
- YTD
- 35.28%
- 1Y
- 53.36%
- 3Y*
- 12.77%
- 5Y*
- 11.32%
- 10Y*
- 18.44%
- ALL TIME*
- 7.58%
CMBT
- 1D
- 0.82%
- 1M
- 4.63%
- 6M
- 39.55%
- YTD
- 67.03%
- 1Y
- 74.70%
- 3Y*
- 10.79%
- 5Y*
- 20.07%
- 10Y*
- 12.71%
- ALL TIME*
- 9.43%
2343.HK vs. CMBT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
2343.HK Pacific Basin Shipping Ltd | 35.28% | 47.41% | -34.58% | 5.95% | 18.97% | 103.64% | -9.14% | 10.07% | -10.75% | 35.20% |
CMBT Cmb.Tech NV | 67.03% | -2.11% | -35.52% | 17.72% | 93.54% | 13.22% | -24.68% | 82.40% | -23.87% | 21.52% |
Correlation
The correlation between 2343.HK and CMBT is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2015 | 0.08 |
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Return for Risk
2343.HK vs. CMBT — Risk / Return Rank
2343.HK
CMBT
2343.HK vs. CMBT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Basin Shipping Ltd (2343.HK) and Cmb.Tech NV (CMBT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 2343.HK | CMBT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 3.85 | -1.42 |
| Martin ratioReturn relative to average drawdown | 5.76 | 8.73 | -2.97 |
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Drawdowns
2343.HK vs. CMBT - Drawdown Comparison
The maximum 2343.HK drawdown since its inception was -91.99%, which is greater than CMBT's maximum drawdown of -57.45%. Use the drawdown chart below to compare losses from any high point for 2343.HK and CMBT.
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Drawdown Indicators
| 2343.HK | CMBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.99% | -57.45% | -34.54% |
Max Drawdown (1Y)Largest decline over 1 year | -22.64% | -19.53% | -3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -48.19% | -57.45% | +9.26% |
Max Drawdown (5Y)Largest decline over 5 years | -54.95% | -57.45% | +2.50% |
Max Drawdown (10Y)Largest decline over 10 years | -62.31% | -57.45% | -4.86% |
Current DrawdownCurrent decline from peak | -24.98% | -12.12% | -12.86% |
Average DrawdownAverage peak-to-trough decline | -58.28% | -24.92% | -33.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.44% | 8.58% | +0.86% |
Volatility
2343.HK vs. CMBT - Volatility Comparison
The current volatility for Pacific Basin Shipping Ltd (2343.HK) is 12.11%, while Cmb.Tech NV (CMBT) has a volatility of 14.51%. This indicates that 2343.HK experiences smaller price fluctuations and is considered to be less risky than CMBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2343.HK | CMBT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 14.51% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 29.75% | 29.61% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.94% | 42.94% | -6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.49% | 43.29% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.05% | 41.08% | +4.97% |
Dividends
2343.HK vs. CMBT - Dividend Comparison
2343.HK's dividend yield for the trailing twelve months is around 2.46%, less than CMBT's 5.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
2343.HK Pacific Basin Shipping Ltd | 2.46% | 2.88% | 3.48% | 9.14% | 35.61% | 4.90% | 1.44% | 0.00% | 1.68% | 0.00% | 0.00% | 4.03% |
CMBT Cmb.Tech NV | 5.97% | 0.52% | 25.18% | 12.23% | 0.70% | 1.35% | 20.75% | 0.96% | 1.73% | 3.03% | 17.23% | 6.35% |
Financials
2343.HK vs. CMBT - Financials Comparison
This section allows you to compare key financial metrics between Pacific Basin Shipping Ltd and Cmb.Tech NV. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
2343.HK and CMBT have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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