Jaya Tiasa Correlations

4383 Stock

1.22 0.03 2.40%

The current 90-days correlation between Jaya Tiasa Holdings and BP Plastics Holding is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jaya Tiasa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jaya Tiasa Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Jaya Tiasa Correlation With Market

Good diversification

The correlation between Jaya Tiasa Holdings and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jaya Tiasa Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Jaya Stock

0.63	5168	Hartalega Holdings Bhd	Pair Corr
0.65	7153	Kossan Rubber Industries	Pair Corr
0.74	7113	Top Glove	Pair Corr
0.65	0075	Lyc Healthcare Bhd	Pair Corr
0.67	5286	MI Technovation Bhd	Pair Corr
0.7	5070	Protasco Bhd	Pair Corr

Moving against Jaya Stock

0.52	1155	Malayan Banking Bhd	Pair Corr
0.42	5347	Tenaga Nasional Bhd	Pair Corr

Related Correlations Analysis

	5100	0167	7153	5139	1562	2488	7803	0111
5100		0.24	0.25	-0.13	0.15	0.17	0.1	0.39	5100
0167	0.24		0.62	-0.71	-0.05	0.43	-0.01	0.8	0167
7153	0.25	0.62		-0.77	-0.61	0.67	-0.06	0.66	7153
5139	-0.13	-0.71	-0.77		0.33	-0.7	0.19	-0.57	5139
1562	0.15	-0.05	-0.61	0.33		-0.33	0.2	-0.08	1562
2488	0.17	0.43	0.67	-0.7	-0.33		-0.32	0.37	2488
7803	0.1	-0.01	-0.06	0.19	0.2	-0.32		0.11	7803
0111	0.39	0.8	0.66	-0.57	-0.08	0.37	0.11		0111
	5100	0167	7153	5139	1562	2488	7803	0111

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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

0111	+ 0.8	0167
2488	+ 0.67	7153
0111	+ 0.66	7153
7153	+ 0.62	0167
2488	+ 0.43	0167
0111	+ 0.39	5100

High negative correlations

5139	- 0.77	7153
5139	- 0.71	0167
2488	- 0.7	5139
1562	- 0.61	7153
0111	- 0.57	5139
2488	- 0.33	1562

Risk-Adjusted Indicators

There is a big difference between Jaya Stock performing well and Jaya Tiasa 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 Jaya Tiasa'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
5100	0.98	(0.02)	0.00	0.29	0.00	0.00	1.69	(2.40)	11.17
0167	3.55	0.39	0.07	(0.46)	3.10	(7.26)	10.71	(6.67)	20.95
7153	1.94	0.21	0.06	(0.43)	2.42	(2.21)	4.12	(3.96)	13.22
5139	0.65	(0.28)	0.00	(1.27)	0.00	0.00	1.60	(1.58)	5.06
1562	0.85	(0.02)	0.00	1.88	0.00	0.00	1.96	(1.94)	7.16
2488	0.99	0.24	0.17	2.34	0.87	(1.18)	1.91	(1.82)	11.31
7803	2.23	(0.03)	0.00	0.10	0.00	0.00	5.56	(5.26)	11.44
0111	3.37	0.09	0.01	(1.83)	3.50	(6.64)	6.25	(5.88)	16.99

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jaya Tiasa 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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