CU Tech Correlations

376290 Stock

3,200 45.00 1.39%

The current 90-days correlation between CU Tech Corp and Alton Sports CoLtd is 0.13 (i.e., Average diversification). The correlation of CU Tech 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.

CU Tech Correlation With Market

Good diversification

The correlation between CU Tech Corp and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CU Tech Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 376290 Stock

0.71	108320	LX Semicon	Pair Corr
0.86	064760	Tokai Carbon Korea	Pair Corr
0.84	137400	People Technology	Pair Corr
0.81	166090	Hana Materials	Pair Corr
0.88	222800	SIMMTECH	Pair Corr
0.84	195870	Haesung DS	Pair Corr
0.89	082270	GemVaxKAEL CoLtd	Pair Corr
0.62	101490	SS TECH	Pair Corr
0.61	005935	Samsung Electronics	Pair Corr
0.64	011200	HMM Co	Pair Corr
0.68	030200	KT Corporation	Pair Corr

Moving against 376290 Stock

0.58

000270

Kia Corp

Pair Corr

Related Correlations Analysis

	123750	007070	078890	068050	288980	010280	230360	041920
123750		-0.2	-0.08	0.34	-0.11	0.18	0.05	0.09	123750
007070	-0.2		-0.04	-0.65	0.14	-0.33	0.43	0.05	007070
078890	-0.08	-0.04		-0.17	0.38	-0.12	0.06	0.54	078890
068050	0.34	-0.65	-0.17		-0.63	0.74	-0.77	0.31	068050
288980	-0.11	0.14	0.38	-0.63		-0.84	0.65	-0.25	288980
010280	0.18	-0.33	-0.12	0.74	-0.84		-0.7	0.41	010280
230360	0.05	0.43	0.06	-0.77	0.65	-0.7		-0.27	230360
041920	0.09	0.05	0.54	0.31	-0.25	0.41	-0.27		041920
	123750	007070	078890	068050	288980	010280	230360	041920

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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

010280	+ 0.74	068050
230360	+ 0.65	288980
041920	+ 0.54	078890
230360	+ 0.43	007070
041920	+ 0.41	010280
288980	+ 0.38	078890

High negative correlations

010280	- 0.84	288980
230360	- 0.77	068050
230360	- 0.7	010280
068050	- 0.65	007070
288980	- 0.63	068050
010280	- 0.33	007070

Risk-Adjusted Indicators

There is a big difference between 376290 Stock performing well and CU Tech 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 CU Tech'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
123750	1.23	0.03	0.05	(0.86)	1.66	(1.66)	2.62	(3.87)	11.47
007070	1.23	(0.32)	0.00	(3.78)	0.00	0.00	2.59	(4.01)	7.89
078890	1.52	0.02	0.04	1.05	2.16	(1.49)	3.00	(4.05)	11.11
068050	2.82	0.70	0.17	12.41	3.35	(3.48)	5.66	(9.11)	33.71
288980	2.13	(0.29)	0.00	8.76	0.00	0.00	6.07	(5.50)	12.86
010280	1.96	0.53	0.13	0.32	2.94	(2.35)	4.80	(2.44)	47.13
230360	1.11	(0.16)	0.00	1.04	0.00	0.00	2.59	(3.14)	9.23
041920	1.20	(0.07)	0.00	0.15	0.00	0.00	3.21	(2.27)	6.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in CU Tech 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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