Supercomnet Technologies Correlations
| 0001 Stock | 1.08 0.01 0.92% |
The current 90-days correlation between Supercomnet Technologies and Techbond Group Bhd is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Supercomnet Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Supercomnet Technologies Bhd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Supercomnet Technologies Correlation With Market
Average diversification
The correlation between Supercomnet Technologies Bhd and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Supercomnet Technologies Bhd and DJI in the same portfolio, assuming nothing else is changed.
Supercomnet |
The ability to find closely correlated positions to Supercomnet Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Supercomnet Technologies 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 Supercomnet Technologies - 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 Supercomnet Technologies Bhd to buy it.
Moving together with Supercomnet Stock
| 0.98 | 0208 | Greatech Technology Bhd | PairCorr |
| 0.91 | 5292 | Uwc Bhd | PairCorr |
| 0.63 | 0104 | Genetec Technology Bhd | PairCorr |
| 0.94 | 7095 | PIE Industrial Bhd | PairCorr |
| 0.95 | 7233 | Dufu Tech Corp | PairCorr |
| 0.93 | 6971 | Kobay Tech Bhd | PairCorr |
| 0.97 | 0146 | JF Technology BHD | PairCorr |
| 0.83 | 7076 | CB Industrial Product | PairCorr |
| 0.72 | 7692 | MyTech Group Bhd | PairCorr |
| 0.94 | 5183 | Petronas Chemicals | PairCorr |
| 0.95 | 5168 | Hartalega Holdings Bhd | PairCorr |
| 0.94 | 7153 | Kossan Rubber Industries | PairCorr |
Moving against Supercomnet Stock
| 0.88 | 1066 | RHB Bank Bhd | PairCorr |
| 0.87 | 1155 | Malayan Banking Bhd | PairCorr |
| 0.62 | 5819 | Hong Leong Bank | PairCorr |
| 0.5 | 1295 | Public Bank Bhd | PairCorr |
Related Correlations Analysis
| 0.53 | 0.51 | 0.85 | 0.79 | 0.79 | 5289 | ||
| 0.53 | 0.89 | 0.51 | 0.54 | 0.62 | 0104 | ||
| 0.51 | 0.89 | 0.49 | 0.64 | 0.66 | 0240 | ||
| 0.85 | 0.51 | 0.49 | 0.71 | 0.81 | 0123 | ||
| 0.79 | 0.54 | 0.64 | 0.71 | 0.89 | 6971 | ||
| 0.79 | 0.62 | 0.66 | 0.81 | 0.89 | 0261 | ||
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Risk-Adjusted Indicators
There is a big difference between Supercomnet Stock performing well and Supercomnet Technologies 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 Supercomnet Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 5289 | 1.69 | (0.24) | 0.00 | 1.90 | 0.00 | 3.13 | 13.57 | |||
| 0104 | 3.18 | 0.08 | 0.02 | 0.02 | 3.79 | 6.60 | 18.44 | |||
| 0240 | 3.12 | 0.05 | 0.01 | 0.04 | 4.29 | 5.88 | 18.87 | |||
| 0123 | 3.11 | (0.58) | 0.00 | (1.42) | 0.00 | 9.09 | 21.76 | |||
| 6971 | 1.97 | (0.26) | 0.00 | (0.58) | 0.00 | 3.60 | 11.02 | |||
| 0261 | 1.59 | (0.42) | 0.00 | (1.47) | 0.00 | 2.94 | 9.52 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Supercomnet Technologies 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.Did you try this?
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