Connection Technology Correlations

3672 Stock

TWD 19.80 0.05 0.25%

The current 90-days correlation between Connection Technology and International Games System is 0.06 (i.e., Significant diversification). The correlation of Connection Technology 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.

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

Moving together with Connection Stock

0.63	4906	Gemtek Technology	Pair Corr
0.74	2409	AU Optronics	Pair Corr
0.68	3481	Innolux Corp	Pair Corr
0.72	2303	United Microelectronics Earnings Call Tomorrow	Pair Corr
0.74	1303	Nan Ya Plastics	Pair Corr
0.69	0051	YuantaP shares Taiwan	Pair Corr

Moving against Connection Stock

0.79	2345	Accton Technology Corp	Pair Corr
0.6	3596	Arcadyan Technology Corp	Pair Corr
0.59	3558	Senao Networks	Pair Corr
0.58	2412	Chunghwa Telecom	Pair Corr
0.55	2609	Yang Ming Marine	Pair Corr
0.5	5388	Sercomm Corp	Pair Corr
0.5	2330	Taiwan Semiconductor	Pair Corr
0.43	3711	ASE Industrial Holding	Pair Corr
0.37	6285	Wistron NeWeb Corp	Pair Corr
0.37	2603	Evergreen Marine Corp	Pair Corr
0.32	0050	YuantaP shares Taiwan	Pair Corr

Related Correlations Analysis

	3293	1268	1708	3631	2630	3083	1264	3540
3293		0.79	0.15	0.65	-0.25	0.56	-0.32	0.54	3293
1268	0.79		0.27	0.73	-0.19	0.61	-0.27	0.46	1268
1708	0.15	0.27		0.62	-0.69	0.61	-0.81	0.68	1708
3631	0.65	0.73	0.62		-0.52	0.69	-0.61	0.66	3631
2630	-0.25	-0.19	-0.69	-0.52		-0.53	0.68	-0.48	2630
3083	0.56	0.61	0.61	0.69	-0.53		-0.78	0.73	3083
1264	-0.32	-0.27	-0.81	-0.61	0.68	-0.78		-0.72	1264
3540	0.54	0.46	0.68	0.66	-0.48	0.73	-0.72		3540
	3293	1268	1708	3631	2630	3083	1264	3540

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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

1268	+ 0.79	3293
3631	+ 0.73	1268
3540	+ 0.73	3083
3083	+ 0.69	3631
3540	+ 0.68	1708
1264	+ 0.68	2630

High negative correlations

1264	- 0.81	1708
1264	- 0.78	3083
3540	- 0.72	1264
2630	- 0.69	1708
1264	- 0.61	3631
3083	- 0.53	2630

Risk-Adjusted Indicators

There is a big difference between Connection Stock performing well and Connection Technology 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 Connection Technology'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
3293	1.54	(0.25)	0.00	(0.68)	0.00	0.00	2.89	(3.47)	8.61
1268	0.39	(0.04)	0.00	0.88	0.00	0.00	1.01	(1.00)	2.70
1708	1.12	(0.08)	0.00	(0.13)	0.00	0.00	2.10	(2.32)	11.18
3631	1.42	(0.28)	0.00	0.72	0.00	0.00	4.52	(4.07)	12.53
2630	1.81	0.23	0.09	(0.64)	1.75	(2.40)	4.93	(3.17)	16.62
3083	0.86	(0.07)	0.00	(0.48)	0.00	0.00	1.92	(1.97)	6.06
1264	0.33	0.01	(0.02)	0.15	0.34	(0.47)	1.00	(0.65)	2.43
3540	1.36	(0.21)	0.00	2.19	0.00	0.00	2.41	(3.54)	12.03

Be your own money manager

Our tools can tell you how much better you can do entering a position in Connection Technology 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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