Malpac Holdings Correlations

4936 Stock

0.85 0.01 1.19%

The current 90-days correlation between Malpac Holdings Bhd and Nestle Bhd is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Malpac Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Malpac Holdings Bhd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Malpac Holdings Correlation With Market

Average diversification

The correlation between Malpac Holdings Bhd and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Malpac Holdings Bhd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Malpac Stock

0.66	1961	IOI Bhd	Pair Corr
0.64	5222	FGV Holdings Bhd	Pair Corr
0.64	0129	Silver Ridge Holdings	Pair Corr

Moving against Malpac Stock

0.66	6888	Axiata Group Bhd	Pair Corr
0.62	5183	Petronas Chemicals	Pair Corr
0.6	4197	Sime Darby Bhd	Pair Corr
0.39	4707	Nestle Bhd	Pair Corr
0.56	0126	Microlink Solutions Bhd	Pair Corr
0.52	9008	Omesti Bhd	Pair Corr
0.41	5309	ITMAX System Berhad	Pair Corr

Related Correlations Analysis

	4707	4065	1961	5222	4162	5306	7216	6432	7107	0201
4707		0.72	-0.5	-0.52	-0.17	-0.25	0.54	0.03	0.76	-0.08	4707
4065	0.72		-0.21	-0.19	0.0	-0.14	0.51	-0.39	0.87	0.2	4065
1961	-0.5	-0.21		0.72	0.54	0.44	-0.4	-0.05	-0.31	0.21	1961
5222	-0.52	-0.19	0.72		0.33	0.42	-0.32	-0.17	-0.3	0.08	5222
4162	-0.17	0.0	0.54	0.33		0.49	-0.01	-0.21	-0.02	-0.11	4162
5306	-0.25	-0.14	0.44	0.42	0.49		-0.2	-0.09	-0.21	-0.01	5306
7216	0.54	0.51	-0.4	-0.32	-0.01	-0.2		-0.23	0.5	-0.03	7216
6432	0.03	-0.39	-0.05	-0.17	-0.21	-0.09	-0.23		-0.2	-0.26	6432
7107	0.76	0.87	-0.31	-0.3	-0.02	-0.21	0.5	-0.2		0.14	7107
0201	-0.08	0.2	0.21	0.08	-0.11	-0.01	-0.03	-0.26	0.14		0201
	4707	4065	1961	5222	4162	5306	7216	6432	7107	0201

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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

7107	+ 0.87	4065
7107	+ 0.76	4707
4065	+ 0.72	4707
5222	+ 0.72	1961
7216	+ 0.54	4707
4162	+ 0.54	1961

High negative correlations

5222	- 0.52	4707
1961	- 0.5	4707
7216	- 0.4	1961
6432	- 0.39	4065
7216	- 0.32	5222
7107	- 0.31	1961

Risk-Adjusted Indicators

There is a big difference between Malpac Stock performing well and Malpac Holdings 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 Malpac Holdings' 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
4707	0.90	(0.06)	0.00	(1.18)	0.00	0.00	2.05	(2.02)	6.33
4065	1.07	(0.26)	0.00	(0.84)	0.00	0.00	2.19	(2.70)	7.33
1961	0.72	0.02	(0.03)	(0.09)	0.81	(0.97)	1.80	(1.52)	5.42
5222	0.99	0.08	0.02	1.42	1.08	(1.58)	2.70	(2.56)	6.95
4162	0.87	(0.04)	0.00	(0.12)	0.00	0.00	1.64	(1.81)	15.42
5306	1.01	0.07	0.02	0.59	1.14	(1.24)	2.76	(2.19)	6.78
7216	0.82	(0.03)	0.00	(0.14)	0.00	0.00	1.78	(1.78)	4.68
6432	1.19	0.04	0.00	0.24	1.42	(1.85)	5.21	(2.74)	10.13
7107	1.15	(0.18)	0.00	(0.75)	0.00	0.00	1.81	(2.37)	8.27
0201	1.25	(0.07)	0.00	(0.33)	0.00	0.00	2.33	(2.27)	9.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in Malpac Holdings 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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