Kuala Lumpur Correlations
| 2445 Stock | 20.82 0.12 0.57% |
The current 90-days correlation between Kuala Lumpur Kepong and Petronas Chemicals Group is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kuala Lumpur moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kuala Lumpur Kepong moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Kuala Lumpur Correlation With Market
Very good diversification
The correlation between Kuala Lumpur Kepong and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kuala Lumpur Kepong and DJI in the same portfolio, assuming nothing else is changed.
Kuala |
The ability to find closely correlated positions to Kuala Lumpur could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kuala Lumpur 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 Kuala Lumpur - 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 Kuala Lumpur Kepong to buy it.
Moving together with Kuala Stock
Related Correlations Analysis
| 0.56 | 0.9 | 0.31 | 0.58 | 0.84 | 0.31 | 7100 | ||
| 0.56 | 0.7 | 0.6 | 0.83 | 0.56 | 0.41 | 5116 | ||
| 0.9 | 0.7 | 0.56 | 0.72 | 0.87 | 0.36 | 7090 | ||
| 0.31 | 0.6 | 0.56 | 0.69 | 0.31 | 0.41 | 0283 | ||
| 0.58 | 0.83 | 0.72 | 0.69 | 0.51 | 0.46 | 5183 | ||
| 0.84 | 0.56 | 0.87 | 0.31 | 0.51 | 0.26 | 4502 | ||
| 0.31 | 0.41 | 0.36 | 0.41 | 0.46 | 0.26 | 8338 | ||
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Risk-Adjusted Indicators
There is a big difference between Kuala Stock performing well and Kuala Lumpur 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 Kuala Lumpur'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 7100 | 1.11 | (0.25) | 0.00 | 2.29 | 0.00 | 1.58 | 9.63 | |||
| 5116 | 0.61 | (0.11) | 0.00 | (2.06) | 0.00 | 1.56 | 5.28 | |||
| 7090 | 0.98 | (0.28) | 0.00 | (1.61) | 0.00 | 1.99 | 5.39 | |||
| 0283 | 1.91 | 0.14 | 0.02 | 0.21 | 2.41 | 6.25 | 14.36 | |||
| 5183 | 1.77 | (0.43) | 0.00 | 1.49 | 0.00 | 2.72 | 21.72 | |||
| 4502 | 1.56 | (0.25) | 0.00 | (0.38) | 0.00 | 2.17 | 17.65 | |||
| 8338 | 1.94 | (0.05) | 0.00 | 0.05 | 0.00 | 7.69 | 14.84 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kuala Lumpur 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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