Versatile Creative Correlations

4995 Stock

0.72 0.01 1.41%

The current 90-days correlation between Versatile Creative Bhd and Binasat Communications Bhd is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Versatile Creative moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Versatile Creative Bhd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Versatile Creative Correlation With Market

Very good diversification

The correlation between Versatile Creative Bhd and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Versatile Creative Bhd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Versatile Stock

0.83	4731	Scientex Bhd	Pair Corr
0.65	1899	Batu Kawan Bhd	Pair Corr
0.67	5225	IHH Healthcare Bhd	Pair Corr

Moving against Versatile Stock

0.78	5100	BP Plastics Holding	Pair Corr
0.72	6888	Axiata Group Bhd	Pair Corr
0.67	7114	Dnonce Tech Bhd	Pair Corr
0.63	9148	Advanced Packaging Tech	Pair Corr
0.45	5183	Petronas Chemicals	Pair Corr
0.44	1155	Malayan Banking Bhd	Pair Corr

Related Correlations Analysis

	7087	0195	7172	5183	7232	8338	0001	7100
7087		-0.21	-0.07	-0.52	0.24	-0.29	0.05	0.51	7087
0195	-0.21		0.44	0.2	-0.58	0.65	-0.04	-0.59	0195
7172	-0.07	0.44		0.44	-0.55	0.71	0.39	-0.46	7172
5183	-0.52	0.2	0.44		-0.2	0.45	0.59	-0.5	5183
7232	0.24	-0.58	-0.55	-0.2		-0.74	0.29	0.52	7232
8338	-0.29	0.65	0.71	0.45	-0.74		0.07	-0.56	8338
0001	0.05	-0.04	0.39	0.59	0.29	0.07		-0.06	0001
7100	0.51	-0.59	-0.46	-0.5	0.52	-0.56	-0.06		7100
	7087	0195	7172	5183	7232	8338	0001	7100

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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

8338	+ 0.71	7172
8338	+ 0.65	0195
0001	+ 0.59	5183
7100	+ 0.52	7232
7100	+ 0.51	7087
8338	+ 0.45	5183

High negative correlations

8338	- 0.74	7232
7100	- 0.59	0195
7232	- 0.58	0195
7100	- 0.56	8338
7232	- 0.55	7172
5183	- 0.52	7087

Risk-Adjusted Indicators

There is a big difference between Versatile Stock performing well and Versatile Creative 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 Versatile Creative'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
7087	0.95	0.26	0.15	2.01	0.67	(1.37)	1.98	(1.22)	15.58
0195	1.47	(0.19)	0.00	(0.19)	0.00	0.00	4.76	(4.55)	9.76
7172	2.40	(0.08)	0.00	0.21	0.00	0.00	4.55	(6.07)	17.05
5183	1.50	(0.28)	0.00	4.25	0.00	0.00	2.72	(3.45)	12.76
7232	1.42	0.09	0.00	0.62	1.45	(2.58)	3.45	(2.94)	9.53
8338	2.10	(0.41)	0.00	(0.33)	0.00	0.00	6.25	(6.67)	33.19
0001	1.11	(0.11)	0.00	(0.21)	0.00	0.00	2.27	(2.94)	9.80
7100	0.74	0.08	(0.01)	0.48	0.68	(0.91)	1.63	(1.33)	8.16

Be your own money manager

Our tools can tell you how much better you can do entering a position in Versatile Creative 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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