EA Technique Correlations

Stocks . Malaysia . 
Stock . EA Technique M
5259 Stock   0.28  0.01  3.45%   
The current 90-days correlation between EA Technique M and Diversified Gateway Solutions is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EA Technique moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EA Technique M moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

EA Technique Correlation With Market

Modest diversification

The correlation between EA Technique M and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EA Technique M and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to EA Technique could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EA Technique 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 EA Technique - 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 EA Technique M to buy it.

Moving together with 5259 Stock

  0.713026 Dutch Lady MilkPairCorr
  0.667100 Uchi Technologies BhdPairCorr
  0.70104 Genetec Technology BhdPairCorr

Related Correlations Analysis

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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   
7692
+ 0.61
0131
0277
+ 0.6
0131
7148
+ 0.57
0131
0277
+ 0.51
7148
0277
+ 0.42
7692
7692
+ 0.37
7148
  
High negative correlations   
7692
- 0.67
0287
0287
- 0.67
0131
0277
- 0.43
0287
7148
- 0.27
0287
6084
- 0.15
0287

Risk-Adjusted Indicators

There is a big difference between 5259 Stock performing well and EA Technique 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 EA Technique'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in EA Technique 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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