M N Correlations

0103 Stock

0.11 0.01 10.00%

The current 90-days correlation between M N C and Nexgram Holdings Bhd is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as M N moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if M N C moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

M N Correlation With Market

Good diversification

The correlation between M N C and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding M N C and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to M N could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace M N 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 M N - 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 M N C to buy it.

Moving together with 0103 Stock

0.61	0251	SFP Tech Holdings	Pair Corr
0.81	0146	JF Technology BHD	Pair Corr
0.67	0097	ViTrox Bhd	Pair Corr
0.68	0104	Genetec Technology Bhd	Pair Corr
0.64	7160	Pentamaster Bhd	Pair Corr
0.68	5168	Hartalega Holdings Bhd	Pair Corr
0.66	0083	Notion Vtec Bhd	Pair Corr
0.87	5053	OSK Holdings Bhd	Pair Corr

Moving against 0103 Stock

0.34

4936

Malpac Holdings Bhd

Pair Corr

Related Correlations Analysis

	0103	0096	5168	7160	5263	0166	5053	4456	5306	5292
0103		-0.01	0.68	0.64	0.37	0.38	0.87	0.6	0.0	0.47	0103
0096	-0.01		0.06	-0.18	-0.05	-0.17	-0.12	-0.14	-0.03	0.06	0096
5168	0.68	0.06		0.72	0.19	0.49	0.73	0.33	0.23	0.89	5168
7160	0.64	-0.18	0.72		0.12	0.63	0.69	0.51	0.26	0.54	7160
5263	0.37	-0.05	0.19	0.12		-0.02	0.31	-0.12	-0.2	0.13	5263
0166	0.38	-0.17	0.49	0.63	-0.02		0.46	0.36	0.07	0.53	0166
5053	0.87	-0.12	0.73	0.69	0.31	0.46		0.54	0.01	0.51	5053
4456	0.6	-0.14	0.33	0.51	-0.12	0.36	0.54		-0.02	0.11	4456
5306	0.0	-0.03	0.23	0.26	-0.2	0.07	0.01	-0.02		0.36	5306
5292	0.47	0.06	0.89	0.54	0.13	0.53	0.51	0.11	0.36		5292
	0103	0096	5168	7160	5263	0166	5053	4456	5306	5292

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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

5292	+ 0.89	5168
5053	+ 0.87	0103
5053	+ 0.73	5168
7160	+ 0.72	5168
5053	+ 0.69	7160
5168	+ 0.68	0103

High negative correlations

5306	- 0.2	5263
7160	- 0.18	0096
0166	- 0.17	0096
4456	- 0.14	0096
4456	- 0.12	5263
5053	- 0.12	0096

Risk-Adjusted Indicators

There is a big difference between 0103 Stock performing well and M N 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 M N's 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
0103	5.08	1.02	0.10	(2.01)	4.55	(16.27)	22.22	(9.09)	52.08
0096	10.65	1.40	0.05	(1.95)	11.22	(33.33)	33.33	(25.00)	58.33
5168	1.71	0.41	0.13	(0.99)	2.21	(1.92)	4.14	(2.89)	10.14
7160	1.94	0.17	0.07	0.64	1.87	(2.75)	3.86	(2.59)	18.32
5263	1.57	0.07	0.02	0.30	2.04	(1.81)	3.25	(2.78)	12.07
0166	1.65	(0.02)	(0.02)	(0.01)	1.97	(1.82)	3.48	(3.17)	11.84
5053	0.99	0.14	0.08	1.00	1.02	(1.28)	2.52	(1.85)	7.89
4456	1.63	0.20	0.06	(0.50)	1.43	(4.35)	2.86	(2.78)	14.62
5306	1.00	0.06	0.02	0.56	1.14	(1.22)	2.76	(2.19)	6.78
5292	2.12	0.67	0.24	(7.56)	2.08	(2.55)	4.95	(2.98)	15.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in M N 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.

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