Microlink Solutions Correlations
| 0126 Stock | 0.16 0.00 0.00% |
The current 90-days correlation between Microlink Solutions Bhd and Leader Steel Holdings is -0.17 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microlink Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microlink Solutions Bhd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Microlink Solutions Correlation With Market
Good diversification
The correlation between Microlink Solutions Bhd and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microlink Solutions Bhd and DJI in the same portfolio, assuming nothing else is changed.
Microlink |
The ability to find closely correlated positions to Microlink Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microlink Solutions 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 Microlink Solutions - 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 Microlink Solutions Bhd to buy it.
Moving together with Microlink Stock
Moving against Microlink Stock
Related Correlations Analysis
| 0.8 | 0.66 | 0.71 | 0.64 | 0.7 | 9881 | ||
| 0.8 | 0.82 | 0.86 | 0.74 | 0.84 | 7090 | ||
| 0.66 | 0.82 | 0.68 | 0.67 | 0.65 | 0202 | ||
| 0.71 | 0.86 | 0.68 | 0.76 | 0.86 | 0123 | ||
| 0.64 | 0.74 | 0.67 | 0.76 | 0.78 | 0111 | ||
| 0.7 | 0.84 | 0.65 | 0.86 | 0.78 | 5289 | ||
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Risk-Adjusted Indicators
There is a big difference between Microlink Stock performing well and Microlink Solutions 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 Microlink Solutions' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 9881 | 1.68 | (0.19) | 0.00 | (0.71) | 0.00 | 7.32 | 22.82 | |||
| 7090 | 1.02 | (0.24) | 0.00 | (1.53) | 0.00 | 2.04 | 5.39 | |||
| 0202 | 1.47 | (0.03) | 0.00 | (0.15) | 0.00 | 3.23 | 12.51 | |||
| 0123 | 2.98 | (0.51) | 0.00 | (1.18) | 0.00 | 9.09 | 21.76 | |||
| 0111 | 2.71 | (0.30) | 0.00 | 1.64 | 0.00 | 7.69 | 23.61 | |||
| 5289 | 1.66 | (0.28) | 0.00 | 3.27 | 0.00 | 3.13 | 13.57 |
Microlink Solutions Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Microlink Solutions stock to make a market-neutral strategy. Peer analysis of Microlink Solutions could also be used in its relative valuation, which is a method of valuing Microlink Solutions by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |