Louisa Professional Correlations

2758 Stock

98.00 0.80 0.81%

The current 90-days correlation between Louisa Professional and Kinko Optical Co is 0.34 (i.e., Weak diversification). The correlation of Louisa Professional is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Louisa Professional Correlation With Market

Average diversification

The correlation between Louisa Professional Coffee and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Louisa Professional Coffee and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Louisa Stock

0.82	2754	Kura Sushi Asia	Pair Corr
0.73	2752	Tofu Restaurant	Pair Corr
0.83	1259	An Shin Food	Pair Corr
0.69	0051	YuantaP shares Taiwan	Pair Corr

Moving against Louisa Stock

0.74	2603	Evergreen Marine Corp	Pair Corr
0.74	2881A	Fubon Financial Holding	Pair Corr
0.71	2891	CTBC Financial Holding	Pair Corr
0.68	2755	YoungQin International	Pair Corr
0.63	2723	Gourmet Master	Pair Corr
0.6	2882B	Cathay Financial Holding	Pair Corr
0.4	2881B	Fubon Financial Holding	Pair Corr
0.37	2882A	Cathay Financial Holding	Pair Corr

Related Correlations Analysis

	2758	9945	6438	9933	6697	6209	9921	9908
2758		0.65	-0.58	0.78	-0.22	0.62	0.76	0.28	2758
9945	0.65		-0.3	0.51	-0.16	0.8	0.51	0.33	9945
6438	-0.58	-0.3		-0.91	0.55	-0.37	-0.91	-0.75	6438
9933	0.78	0.51	-0.91		-0.56	0.59	0.97	0.66	9933
6697	-0.22	-0.16	0.55	-0.56		-0.29	-0.5	-0.39	6697
6209	0.62	0.8	-0.37	0.59	-0.29		0.6	0.49	6209
9921	0.76	0.51	-0.91	0.97	-0.5	0.6		0.7	9921
9908	0.28	0.33	-0.75	0.66	-0.39	0.49	0.7		9908
	2758	9945	6438	9933	6697	6209	9921	9908

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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

9921	+ 0.97	9933
6209	+ 0.8	9945
9933	+ 0.78	2758
9921	+ 0.76	2758
9908	+ 0.7	9921
9908	+ 0.66	9933

High negative correlations

9921	- 0.91	6438
9933	- 0.91	6438
9908	- 0.75	6438
6438	- 0.58	2758
6697	- 0.56	9933
9921	- 0.5	6697

Risk-Adjusted Indicators

There is a big difference between Louisa Stock performing well and Louisa Professional 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 Louisa Professional'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
2758	0.85	(0.23)	0.00	(0.81)	0.00	0.00	1.83	(1.94)	7.12
9945	1.06	(0.12)	0.00	(0.38)	0.00	0.00	1.89	(2.24)	7.35
6438	2.74	0.77	0.24	4.41	2.02	(3.78)	9.79	(3.68)	17.42
9933	0.76	(0.25)	0.00	1.76	0.00	0.00	1.66	(1.67)	5.01
6697	1.23	(0.01)	(0.04)	0.08	1.71	(1.49)	2.33	(2.68)	15.29
6209	1.08	(0.18)	0.00	(0.53)	0.00	0.00	1.98	(2.38)	5.38
9921	1.66	(0.70)	0.00	(2.69)	0.00	0.00	1.99	(5.13)	14.43
9908	0.19	(0.05)	0.00	(0.74)	0.00	0.00	0.33	(0.49)	1.16

Be your own money manager

Our tools can tell you how much better you can do entering a position in Louisa Professional 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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